Hints and tips:
...“UK plc is on sale,” said Richard Bernstein, who runs fund manager Crystal Amber....
...There are many examples of this — including Pearson selling the Financial Times to Nikkei in 2015, and Invensys, the engineering group, selling its rail division in 2013....
...He has also held executive roles at engineering companies Invensys and Spectris....
...Centrica’s Sids Rick Haythornthwaite is better known for the agonising restructuring of Invensys than for chairing British Gas owner Centrica, writes Kate Burgess....
...replace them in the index, Apr 24 2018 ARM Holdings was taken over by Softbank and was replaced by Associated British Foods, Sep 19 2016 BG was acquired by Shell and was replaced by Burberry, Feb 15 2016 Invensys...
...Schneider’s software division assets that previously formed part of Invensys, the UK engineering group that Schneider Electric bought in 2013 for £3.4bn....
...Mr Kidd said it was more a case of “bringing Invensys back home”. Aveva employs 300 people in Cambridge and the deal will add about 100 Invensys staff to the fold....
...Mr Clarke’s insider trading offences relate to stocks including Marlborough Stirling, Eidos, Swan Hill, Retail Decisions and Invensys. No figure was given in court for the amount of profits made....
...His trades involved Autonomy, BSS Group, Marlborough Stirling, Eidos, Swan Hill Group, Retail Decisions and Invensys....
...In 2013, Invensys, the engineering group, sold its rail division — representing half its operating profit — for £1.7bn and made a £625m contribution....
...Reynolds Smith, 49, has run GKN’s autos division — its largest — since 2002, and previously occupied senior management positions at Irish industrial group Ingersoll-Rand, UK industrial conglomerate Siebe, now Invensys...
...ValueAct, an activist hedge fund based in San Francisco, was previously a major investor in Invensys, another UK industrial group, as it recovered from PDD two years ago....
...Previous targets for the fund include engineers Invensys and Dresser Rand, which ended up being sold to peers....
...Mr Hester pointed to the sale by engineering company Invensys of its rail division two years ago for £1.7bn, of which £625m went to the retirement scheme, as an example of “a pretty good dollar that went...
...He came to prominence at BTR, the British industrial company that became part of Invensys, and then at BBA Group, the engineering business....
...This was despite a fall in the number of deals and was mainly due to the acquisition of Invensys by the french company Schneider Electric....
...● Redington, the investment consultancy, has appointed Robin Claessens, a former chief executive of the Invensys Pension Scheme, as a managing director....
...Invensys slipped 1 per cent to 502p in response....
...At the time, Invensys had a pension deficit of £490m....
...The merger, which is yet to be approved by shareholders, brings together 140,000 Schneider staff and 16,000 employees at Invensys....
...Schneider’s takeout price values Invensys at roughly 12 times its earnings....
...In a trading update on its first quarter on Thursday, Invensys said: “Invensys and Schneider remain in discussions about the details of the possible offer which is conditional on, amongst other things, diligence...
...businessman rose to prominence as chief executive of Blue Circle, the cement supplier that was sold to Lafarge for £3.1bn cash in 2001, and then as chief executive of debt-laden engineering conglomerate Invensys...
...Schneider’s indicative offer is 505p per Invensys share, perhaps a chunky 25 per cent premium to the “undisturbed” price, though Invensys rerated sharply following Emerson Electric’s abortive approach last...
...Under UK takeover rules, Schneider has until 5pm on August 8 to make a firm offer for Invensys. Shares in Invensys rose this week amid bid speculation....
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