FedEx Corporation (FedEx) and TNT Express N.V. (TNT Express) have reached conditional agreement on a recommended all-cash public offer of €8.00 (AUD 11.40) per ordinary TNT Express share. The Offer Price represents a premium of 33% ...
Tags: FedEx, TNT Express, all-cash public offer
Posted in Medical Device Business by Chris Newmarker on April 3, 2015 Robert Cascella was previously CEO of Hologic. He joins Philips as the Dutch multinational increasingly focuses on what it calls HealthTech. Robert Cascella, who ...
Tags: Philips, LED components, Medicine
Preliminary figures released by Austria based producer of specialty viscose fibres indicate that its consolidated sales declined marginally in 2014 from 2013. Consolidated revenues of the Lenzing Group slipped slightly to €1.86 ...
Tags: Lenzing, viscose fibres, Textile
In 2014, specialty chemicals group Lanxess said it substantially improved its operating result and net income in a challenging market and competitive environment. Although sales declined slightly by 3.5 per cent to around €8 ...
Tags: Lanxess, specialty chemicals
Specialty chemicals company, Lanxess has announced personnel changes on both the Supervisory Board and the Board of Management. The Supervisory Board has proposed Lawrence A Rosen, member of the Board of Management of Deutsche Post ...
Tags: Lanxess, Specialty chemicals
Thailand-based polyester and yarn manufacturer Indorama Ventures will be acquiring a 94.91% stake in polyethylene terephthalate (PET) polymers maker Bangkok Polyester for an undisclosed amount. A producer of PET polymers in Rayong, ...
H.C. Starck GmbH is expanding its Executive Board to add the new position of chief technology officer (CTO). From February 2015, Dr. Michael Rei will take on this position, which was created in response to the rising importance of ...
Tags: operations manager, production manager, site manager, Electrical
German wine seller Hawesko's CEO Alexander Margaritoff has resigned and is set to divest his 30% stake in the company to Detlev Meyer. With around 29.5% share in Hawesko, Meyer had offered Hawesko shareholders €40 per share, ...
Tags: wines, champagnes, alcoholic drinks, Agriculture
Infineon Technologies AGannounced today the closing of the acquisition of International Rectifier. With effect from today, the El Segundo based company has become part of Infineon following the approval of all necessary regulatory ...
Tags: necessary regulatory authorities, power semiconductors, Lights
The Vietnam National Textile and Garment Group (Vinatex) held its first shareholders’ meeting last week in Hanoi city. This was the first meeting after the company successfully issued its initial public offering (IPO) in September ...
Tags: revenue targets, profit margins, Textile
Riber S.A. of Bezons, France, which manufactures molecular beam epitaxy (MBE) systems as well as evaporation sources and effusion cells, has announced the resignation (effective on 20 December) of its Supervisory Board chairman Jacques ...
Marks and Spencer Group plc (M&S), one of the leading British multinational retailers, has appointed Helen Weir CBE to its Board as its Chief Finance Officer (CFO). Helen is currently the CFO at the John Lewis Partnership. She joined John ...
Tags: multinational retailers, Apparel
Martin Brandt, board member and COO of Zumtobel Group, has terminated his management board contract, which was scheduled to run until 30 April 2015, with effect from 31 July 2014. The resignation follows a period of upheaval for the Group ...
Tags: Martin Brandt, Contract, Lights
LyondellBasell announced that its Supervisory Board has authorized the company's Management Board to declare an interim dividend of $0.70 per share. The interim dividend will be paid Sept. 8, 2014 to shareholders of record Aug. 25, 2014, ...
Tags: LyondellBasell, Dividend, Textile
"We obviously want to establish a clear lead in terms of product performance," said Groupe Michelin General Partner and CEO Jean-Dominique Senard At Groupe Michelin's annual shareholders meeting, shareholders adopted all of the ...