Williams unveils plans for breakup as earnings drop

Article Abstract:

Williams PLC announced its breakup plans as it posted a decline of 49% in its pretax profits for 1999. The company will divide its operations into two businesses, Chubb Security Services and Kidde Yale.

Hardware, not elsewhere classified

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Rolls-Royce growth hits target for second year

Article Abstract:

Rolls-Royce PLC reached its goal of double-digit earnings for the second consecutive year. For the 1998 year, the company posted 325 million pound sterling ($524.5 million) in pretax profits. This translated into a 18% improvement over 1997. The figures were what analysts had predicted. Sales in 1998 improved 10% to 4.3 billion pound sterling, compared to 3.9 billion pound sterling in 1997.

Comment:

Reaches goal of double-digit earnings for the second consecutive year

Aircraft Engines & Parts, Aircraft Engine and Engine Parts Manufacturing, Aircraft engines and engine parts, Finance, Aircraft engine industry, Aircraft engines, Rolls-Royce PLC

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Williams, Tyco quit negotiations regarding merger

Article Abstract:

Merger negotiations between Williams PLC and Tyco International Ltd. ended unsuccessfully for the second time in nine months. Williams's share value declined as a result of the talks' collapse. Williams, a British-based fire and security group, blamed the failure of the talks on concerns over regulations and limited cost savings potential. Merger negotiations collapsed in November 1998 when both companies failed to reach an agreement on price.

Comment:

Merger negotiations between Williams and Tyco International end unsuccessfully

United States, Other Communications Equipment Manufacturing, Intercom, Signal & Alarm Eqp, Telecommunications equipment, Security systems industry, Tyco International Ltd. (Pembroke, New Hampshire)

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