Bandits all round the clock for Vickers

Article Abstract:

Vickers has defended itself against a bid by Mayflower and Vicker's stock pirce has risen while that of Mayflower has dropped. Vickers asked Mayflower if a bid was planned after rumors that this was the case. Mayflower refused to deny it planned a bid, and Vickers then criticised the financing of such a bid. Vickers could still be attractive to predators and could be affected by consolidation in the European defense industry. Vickers could also break itself up to realise stockholder value.

Military Armored Vehicle, Tank, and Tank Component Manufacturing, Tanks and tank components, Tanks & Parts, Mayflower Corporation PLC, Vickers PLC

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VSEL: action stations

Article Abstract:

VSEL is the subject of competition between British Aerospace(BAe) and GEC, both of which are seeking to acquire the company. BAe has asked for fundsfrom the company's shareholders to fund its bid. GEC ranks second in competing for defensecontracts in the UK and aims to ensure that BAe pays a high price if it acquires VSEL. GEC aimsto become the largest UK defense contractor. Meanwhile, the UK Monopolies Commission willreport on the bids by the two companies.

Ship Building and Repairing, Military Submarines, Submarines, GEC Automation Projects Inc., VSEL Consortium PLC, British AerospacePLC

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A call to arms

Article Abstract:

Alvis is carrying out a stock issue to fund the acquisition of Hagglunds in a deal dependent on approval by the Swedish government. Hagglunds complements the product range of Alvis which produces lighter armored vehicles than Hagglunds. Alvis will have greater strength when seeking export orders after this acquisition. There is still a need for the European armored vehicle industry to rationalize but Alvis' sales and earnings shoild benefit.

Heavy Duty Truck Manufacturing, Truck and bus bodies, Armored Trucks, Alvis PLC, Hagglunds and Soner AB

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