Rolls-Royce agrees to acquire Vickers

Article Abstract:

Vickers PLC has agreed to be acquired by Rolls-Royce PLC for #576 million in a cash deal that will create a world leader in marine propulsion systems. The acquisition will diversify Rolls-Royce's revenue base, which is now composed of mainly its civilian aircraft engine business. Under the terms of the deal, Vickers shareholders will receive252.85 pence per share, of which 250 pence will be cash and 2.85 pence will be a propose interm dividend. The 252.85 pence price represents a 53% premium over Vickers' closing share price of 165.5 pence on Fri.

Asset sales & divestitures, Acquisitions & mergers, Marine Engines & Turbines, Engine, Turbine, and Power Transmission Equipment Manufacturing, Mergers, acquisitions and divestments, Machinery industry, Vickers PLC

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Rolls-Royce net rose 33% in '05; outlook is bright

Article Abstract:

Rolls-Royce PLC of the United Kingdom posted a soaring 33 percent rise in net profit to 350 million Pounds (approximately $609 million) in 2005, an increase from 263 million Pounds last year. Revenue was driven by strong sales of new commercial aircraft engines and financial projections expect further growth.

Forecasts, trends, outlooks, Company sales and earnings, Company earnings/profit, Company Profile, Company business forecast/projection, Company forecasts

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Rolls-Royce shares tumble 22% on profit warning

Article Abstract:

Shares of Rolls-Royce PLC tumbled 22% upon reports that the company expects to receive low profit in the year 2001.

Securities

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