Hints and tips:
...Terex, the industrial crane maker, has become the third US company in a week to strike a cross-border deal that will allow it to redomicile to Europe and escape the reach of US tax authorities....
...Next to the Gerald Ford’s dry dock, cut steel and other early components for the USS John F Kennedy, its sister ship, lie waiting....
...Cranes from US construction company Terex....
...“We think the Terex offer of €41.75 per share substantially undervalues Demag as the leading independent manufacturer of industrial cranes, crane components and industrial crane maintenance services,” Mr...
...A Sany crane, for example, needs 10 to 30 hours of work to make it safe for use in the US, they say....
...Terex has revealed a hostile €884m ($1.3bn) takeover bid for rival crane maker Demag Cranes, in a surprise move that could spur a bid battle....
...Terex Corp, the US construction equipment maker, has launched a hostile €884m ($1.3bn) bid for rival crane maker Demag Cranes, in a surprise move that could spur a bid battle, reports the FT....
...Demag Cranes’ second-largest investor is pushing for a merger of the crane maker, in a sign of resurgent shareholder activism at German companies....
...Demag Cranes jumped 24 per cent to €45 after its US rival Terex launched a €41.75-a-share offer, valuing the German crane maker at €884m....
...- Demag Cranes confirms hostile bid approach from Terex — statement. - F&C Asset Management secures extension to FSA capital waiver — statement....
...Such types of steel are used in components such as crane parts or the shovels and buckets of earthmoving equipment....
...Mr Rea’s company is the world’s fourth-biggest specialist in engineering seals – components in rotating machinery in operations from chocolate works to oil refineries....
...Konecranes has a network of about 20 assembly plants around the world, fed by three specialist component factories in China, Finland and the US....
...For the German crane company Demag Cranes, such familiarity with its products offers more than a glimmer of hope at a time when Germany’s industrial recovery appears to be losing traction....
...“We’re very positive on the support Toshiba is providing, technically and financially,” David Crane, NRG chief executive, told the Financial Times....
...Colin Robertson did not take much persuasion to leave behind the world of cranes and diggers for a role running Britain’s biggest busmaker....
...It specialises in active RFID and supplies not only tags and readers but also ancillary hardware and software components....
...The goal is to promulgate the merits of lean manufacturing - for instance, cutting stocks of components and reacting quickly to orders....
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