Celsis board rejects cash bid

Article Abstract:

Celsis International was believed on 3 June 1998 to have rebuffed a bid approach for Celsis Laboratory Group's (CLG) from Arthur Holden. US-based CLG contributed approximately 25% to parent Celsis International's 1997 turnover of GB 16.2mn and the latter noted that this was one of several bids received by the laboratory equipment specialist. Mr Holden was chief executive of CLG until May 1998 and is keen to take the unit private of bid for a 100% share. However, Celsis International felt that his offer for CLG was too low.

Comment:

Rebuffs a bid approach for Celsis Laboratory Group's from Arthur Holden, US

United Kingdom, Foreign operations, Laboratory & Scientific Instruments, Laboratory Apparatus and Furniture Manufacturing, Instruments (Equipment), Article, Celsis International PLC

---

US: DANONE INTERESTED IN NABISCO

Article Abstract:

Danone chief, Franck Riboud, has revealed an interest in US-based rival, Nabisco Group, which is the focus of a takeover bid valued at US$ 5.2bn. The French food group, which is the leading biscuit maker worldwide, would gain access to a US-based biscuit operation if such a deal went ahead. Nabisco Group mat sell itself of its 80.6% holding in Ritz cracker and Oreo cookie business, Nabisco Holdings.

Cookies & Crackers, Cookie and Cracker Manufacturing, Cookies and crackers, Danone S.A., Snack foods, Baked products industry, Baked goods industry, Nabisco Group Holdings Corp., NGH

---

US: RETHINK ON GREENWICH SALE PLANS?

Article Abstract:

Gary Holloway and Chip Kruger, joint heads of the NatWest Bank's derivatives and bond broking business Greenwich, are thought to have asked the Royal Bank of Scotland to reconsider plans to sell its US business. Their preferred option would be to split Greenwich on business by product rather than geographic area as they feel this would be less upsetting for both staff and clients.

New capacity, new plant construction, Debt & Equity Securities, National Westminster Bank PLC (London, England), Greenwich Company Ltd.

Similar abstracts:

• Abstracts: When pain is hard to swallow. UCAS listings. Accentuate the positive
• Abstracts: Women and maths - how it all starts to add up. Trust me, I'm an OU doctor
• Abstracts: Resurrection. Lucky Jim
• Abstracts: UK: RECORD TRADE DEFICIT WITH NON-EU NATIONS. UK: BRITAIN TO MAINTAIN BORDER CONTROLS. UK: STRONG ECONOMIC GROWTH CONTINUES
• Abstracts: UK: NARROWING OF NORTH-SOUTH DIVIDE. UK: UK LEADING MBO MARKET IN EUROPE. UK: CONTINUED GROWTH IN EXPORT ORDERS

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.