Two US defence giants ponder Alvis bid

Article Abstract:

The US defence contractors, General Dynamics and United Defense Industries, have been reported to be preparing takeover bids for the UK armoured vehicles group, Alvis. The UK firm Vickers is also said to be interested. The spate of interest in Alvis is a result of its recent merger with the armoured vehicles division of GKN, which gives Alvis a strong position in that sector of the market. The merger will not actually be formalised until approved by shareholders. This gives the bidders some time to propose alternative arrangements.

Comment:

General Dynamics has been reported to be preparing takeover bids for UK armoured vehicles group, Alvis

Diversified Companies, Military Armored Vehicle, Tank, and Tank Component Manufacturing, Tanks & Tracked BF Vehicles, Tracked military vehicles, General Dynamics Corp., Alvis PLC

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Crabtree poised to fall to 9.5m bid

Article Abstract:

LTG Technologies, the Stuttgart, Germany based engineering company, has announced that it is considering placing a bid to acquire Crabtree, the Tyneside, UK based company involved in designing, making and installing printing, coating and sheet handling equipment. It is understood that the Germany company is considering a GB 9.5mn bid for the company and has already secured the support of major shareholders in the company.

Comment:

Considers placing GBP9.5 mil bid to acquire Crabtree, UK-based co involved in designing, making & installing printing, etc

Engineering Services, Paper Industry Machinery Manufacturing, Paper Converting Matrl Handling, Materials handling equipment, Paper converting machinery, Crabtree, LTG Technologies Inc.

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