VA Stahl joins Vossloh in takeover of VAE AG

Article Abstract:

VA Stahl AG of Austria has formed a partnership with the German group Vossloh AG to take control of VAE AG that would allow an offering of a completely integrated railway system. The alliance between VA Stahl and rail-fastener maker Vossloh will result to a dominant grouping in the global railway-systems market. It is also expected to reduce the anticipated $188.21 million burden on VA Stahl's balance sheet by half. The combination offers significant savings in sales and marketing, as well as enable each party to draw on the others strength.

Comment:

Forms partnership with VA Stahl AG to take control of VAE AG that would allow offering of a completely integrated railway system

Germany, Alliances, partnerships, All Other Miscellaneous Fabricated Metal Product Manufacturing, Railroad Track Components, Railroad equipment, Article, Vossloh AG

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Revlon shares tumble 18% on Coty's rumoured retreat

Article Abstract:

Revlon Inc. announced that it would not comment about the movement of its shares. The company's share value dropped 18% on July 26, 1999. Revlon has a company policy of not commenting on share movements. The company saw its share price fall $4.75 to $21.50 (20.47 euros) following reports that Coty Inc. had withdrawn its takeover offer of $3 billion.

Comment:

Share value drops 18% on July 26, 1999

United States, Toiletries, Toilet Preparation Manufacturing, Securities prices, Securities

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Revlon elevates Kennedy to CEO as Stahl resigns

Article Abstract:

David Kennedy has been appointed CEO of Revlon Inc., following the resignation of Jack Stahl. Revlon posted a second- quarter loss of $87.1 million, due in part to an unsuccessful product launch .

Sales, profits & dividends, Executive changes & profiles, Toilet preparations, Officials and employees, Appointments, resignations and dismissals, Company sales and earnings, REV, Company earnings/profit, Kennedy, David, Stahl, Jack

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