Merger discussions boost Aggregate, Tarmac shares
Article Abstract:
Tarmac PLC and Aggregate Industries PLC, both UK-based building materials firms, are planning to merge in a deal valued at 1.4 billion pounds sterling or $2.39 bilion that boosted both companies' share value after the announcement. Aggregate confirmed that the merger talks with Tarmac are at its germination stage. Tarmac, which said that is currently holding other potential consolidation discussions with major companies of the industry, posted share price increase by 16% to 93 pence, while Aggregate posted a 12% increase to 63 pence per share.
Comment:
Plans to merge w/ Tarmac in a deal valued at GBP1.4 bilthat boosted both cos' share value
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Pilkington restructuring leads to 66% rise in Net
Article Abstract:
Pilkington PLC, a building materials company, has exceeded analysts' expectations by posting a 66-million-pound-sterling, or $110.5-million, net income in the fiscal first half ended on Sep. 30, 1998, a 69% increase from 39 million pounds sterling in 1998's first half. The figure was around 10% higher than average market estimates. Total sales declined by 13% to 1.36 billion pounds sterling from 1.56 billion pounds sterling. Earnings per share went up to 3.3 pence compared with 0.1 pence in 1997.
Comment:
Posts 66-million-pound-sterling, or $110.5-million, net income in fiscal first half ended on Sep. 30, 1998
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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