SKFRY
AB SKF ADROTCPK - Current
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  • Thu, Apr. 28, 5:49 AM
    • AB SKF ADR (OTCPK:SKFRY): Q1 Revenue of SEK17.72B (-8.9% Y/Y).
    | Thu, Apr. 28, 5:49 AM
  • Sep. 5, 2013, 7:20 AM
    • Sweden's SKF, the world's biggest bearings maker, agrees to acquire Kaydon Corp. (KDN) in an all-cash deal valued at ~$1.25B.
    • SKF (SKFRY.PK) has said it wants to expand in North America as industrial growth and modest wage increases make the region more attractive for major investments this year than China; KDN generates 62% of its sales ($475M total in 2012) in North America.
    • The offer of $35.50/share represents a 22% premium over yesterday's closing price.
    • KDN +22.5% premarket.
    | Sep. 5, 2013, 7:20 AM
  • Jun. 13, 2012, 8:18 AM
    Swedish ball bearing maker (and cyclical bellweather) SKF tumbles 7% in Stockholm after cutting its Q2 sales forecast, citing slumping demand not only in Western Europe, but in Asia. "It is quite broad-based," says CEO Tom Johnstone.
    | Jun. 13, 2012, 8:18 AM | 1 Comment
  • Jan. 4, 2011, 10:40 AM

    "I think the Riksbank is about to carry out a dangerous experiment," says a representative of Swedish exporters as the central bank raises rates to fight asset inflation. Already smarting from a 12% rise in the krona last year, Swedish companies brace for further currency strength.

    | Jan. 4, 2011, 10:40 AM
  • Oct. 19, 2010, 8:30 AM

    Sweden's SKF (SKFRY.PK) buys U.S.-based Lincoln Industrial for $1B, giving the firm a larger North American presence and adding almost $400M in annual sales. SKF also ups its financial forecasts, expecting increased orders in Q4 as markets get back to pre-crisis levels.

    | Oct. 19, 2010, 8:30 AM