Thorn is planning to sell its foreign businesses

Article Abstract:

Thorn PLC, a rental and electronics group based in the UK, is planning to dispose all the company's businesses overseas within one and a half years. The planned sale includes the company's US businesses, which are anticipated to be completed in the next few months, and its European and Asian businesses, which are set to be completed between six months and 18 months. The move will enable Thorn to concentrate in its businesses in the UK and to stabilize Radio Rentals. Likewise, the company, which will drop its computer rentals in the UK, will proceed to develop its newer rentals operations, DER Direct and Crazy George's.

Comment:

Is planning to dispose all its foreign businesses overseas within one and a half years and stabilize its Radio Rentals

Radio & TV Set Leasing & Rental, Consumer Electronics and Appliances Rental, Electronic equipment rental, Thorn PLC

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Cooper's $537.5 million offer for TLG could spur Wassall

Article Abstract:

Cooper Industries Inc. is offering to acquire TLG PLC, a UK lighting products company, for 321 million pounds sterling. The acquisition will make the company a dominant player in lighting fixtures worldwide. Meanwhile, the company's offer could spur a counter bid from industrial group Wassall PLC, which is one of TLG's largest individual shareholders. Wassall is currently studying its options regarding its TLG stake. Although industry analysts doubt that Wassall may make a counteroffer for TLG, they said that the company might try to persuade Cooper to raise its offer.

Comment:

Is offering to acquire TLG, a UK lighting products company, for 321 million pounds sterling

United States, Diversified Companies, Asset sales & divestitures, Acquisitions & mergers, Foreign operations, Other Pressed and Blown Glass and Glassware Manufacturing, Lighting & Electronic Glass, Cooper Industries Ltd., Glass, TLG PLC

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Kingfisher expected to update strategy on European expansion

Article Abstract:

Sir Geoggrey Mulcahy, the chief executive officer of Kingfisher PLC, is expected to introduce a pan-European expansion strategy. The strategy comes on th heels of the company's unsuccessful bid to acquire Asda Group. Kingfisher's strategy is expected to be a major factor in its results for the first-half of 1999. The company is expected to post 245 million pound sterling (382.8 million euros) to 255 million pound sterling in pretax profits for the period.

Comment:

To introduce pan-European expansion strategy

General Merchandise Stores, Planning, Superstores, Retail stores, Kingfisher PLC, Abstract

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