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Monday, Jun 182012, 3:27 AM
Monday, Sep 122011, 6:49 AMU.S. pumps and valves manufacturer Colfax (CFX) will buy U.K. toolmaker Charter International (CHITF.PK) for £1.53B ($2.4B) in cash and shares, beating off rival bidder Melrose (MLSPF.PK) (PR). Despite the sweeter bid, Colfax still needs to convince Charter's shareholders that it can do a better job of a turnaround. |Monday, Sep 122011, 6:49 AM| Comment!
Wednesday, Jun 292011, 8:46 AMU.K. firm Melrose (MLSPF.PK) makes a preliminary £1.3B ($2.1B) offer for embattled tool and equipment maker Charter (CHITY.PK). The £7.80 a share bid is a 30% premium to Charter's closing price on Monday. News of the approach sends Charter's shares surging 27% to £7.79 in London.
|Wednesday, Jun 292011, 8:46 AM| Comment!