ABB sells U.S. gas plant, paving way for takeovers
Article Abstract:
ABB Ltd. announced plans to sell its Lummus Global gas and oil production plant to Chicago Bridge and Iron Co. in a deal valued at $950 mil. The deal raises ABB's cash position in excess of $3 bil. Industry observers speculate the deal opens up the possibility of a large acquisition.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
User Contributions:
Comment about this article or add new information about this topic:
Xstrata makes bid for Resource Pacific
Article Abstract:
Swiss mining firm Xstrata PLC has launched an A$960 mil rival bid for coal company Resource Pacific Holdings Ltd., trumping an A$775 mil offer made by Australia's New Hope Corporation Ltd. The Xstrata offer represents an 85% premium to Resource Pacific's average price.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: The Polish market for savoury snacks. Western European market for sweet & savoury snacks. The French market for savoury snacks
- Abstracts: UBS slashes 500 jobs in new wave of cuts. Bank of America moves to expand ranks in Europe. UBS, fresh off a strong year, elevates titles of 309 employees
- Abstracts: The French market for soft drinks. Western European market for hot drinks
- Abstracts: Red light for sex tourists. Putrid penal system. Answers underground
- Abstracts: EU and U.S. agree to align corporate-accounting rules. Looking good through insurance. SEC recommends U.S. accounting adopt new system