Sulzer Ltd. chairman steps down, citing hostile takeover bid

Article Abstract:

The article discusses the resignation of Ueli Roost, the chairman of Sulzer Ltd. and its Sulzer Medica Ltd. unit from both positions in an effort to prevent a 4.1-billion-Swiss-franc (Euro2.7 billion) hostile offer from Swiss investment company InCentive Capital AG.

Executive changes & profiles, Officials and employees, Appointments, resignations and dismissals, Roost, Ueli, Sulzer Ltd., Sulzer Medica Ltd., SM

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ABB to sell convertible bond; stock price jumps on the news

Article Abstract:

ABB Ltd. said it would hold a convertible bond issue worth 850 million Swiss francs (552.3 million euros). The news caused the company's share price to rise.

Securities issued, listed, ENGINEERING & MANAGEMENT SERVICES, Engineering for Plastic, Rubber Prodcts, Plastic products, Securities, Rubber products, Company securities, ABB Ltd., Convertible bonds, Product engineering

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Sulzer unveils major restructuring plan as bourse delves into insider trading

Article Abstract:

Sulzer Technology Corp. announced a major restructuring strategy. The strategy is intended to turnaround the declining profits of Sulzer's industrial unit. Sulzer's operating profits fell by 20% during the first-half of 1999 as a result of the poor performance of the company's industrial unit. In addition, the Swiss Exchange is conducting a probe into Sulzer for possible insider trading.

Organizational history, Textile Machinery Manufacturing, Textile Machinery ex Parts, Planning, Machinery industry, Textile machinery industry, Abstract, Textile industry, Textile machinery, Sulzer Technology Corp.

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