Hercules to be sole owner of 1-year-old FiberVisions

Article Abstract:

Hercules Inc. is purchasing the 49% share of FiberVisions owned by Denmark-based Jacob Holm & Sons A/S, which is a joint-venture partner of Hercules, for an undisclosed amount. The acquisition is anticipated to be completed in August 1998. FiberVisions is anticipated to add approximately $110 million to the combined revenues of Hercules in 1998 and add $280 million in 1999. Hercules Chairman and CEO R. Keith Elliott commented FiberVisions was created as a joint venture to enhance the company's competitive competition position.

Comment:

Is purchasing the 49% share of FiberVisions owned by Denmark-based Jacob Holm & Sons A/S for an undisclosed amount

United States, Asset sales & divestitures, Textile Mill Products, Textile Mills, Hercules Inc., Article, Jacob Holm and Sons A/S

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Hudson's Bay takeover?

Article Abstract:

The planning of South Carolina-based investor Jerry Zucker's Maple Leaf Heritage Investments Acquisition Corp. to buy all the multi-channel retailer's outstanding shares of Hudson's Bay Co., for C$15 is discussed.

Canada, Department Stores, Investment Offices, Investment Companies, Open-End Investment Funds, Investment Funds & Trusts, Mergers, acquisitions and divestments, Company acquisition/merger, Hudson's Bay Co.

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