Sulzer Ltd. chairman steps down, citing hostile takeover bid
Article Abstract:
The article discusses the resignation of Ueli Roost, the chairman of Sulzer Ltd. and its Sulzer Medica Ltd. unit from both positions in an effort to prevent a 4.1-billion-Swiss-franc (Euro2.7 billion) hostile offer from Swiss investment company InCentive Capital AG.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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ABB to sell convertible bond; stock price jumps on the news
Article Abstract:
ABB Ltd. said it would hold a convertible bond issue worth 850 million Swiss francs (552.3 million euros). The news caused the company's share price to rise.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
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Sulzer unveils major restructuring plan as bourse delves into insider trading
Article Abstract:
Sulzer Technology Corp. announced a major restructuring strategy. The strategy is intended to turnaround the declining profits of Sulzer's industrial unit. Sulzer's operating profits fell by 20% during the first-half of 1999 as a result of the poor performance of the company's industrial unit. In addition, the Swiss Exchange is conducting a probe into Sulzer for possible insider trading.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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