Business Services Industry
CCI board accepts higher bid.
Australasian Business Intelligence, March, 2007
Byline: Henry Byrne
Mar 12, 2007 (The Australian Financial Review - ABIX via COMTEX) -- Australian coal testing firm, CCI Holdings, has agreed to a superior takeover offer. In late 2006, it rejected an offer of $A0.35 a share from Campbell Brothers, which only gained a stake of 21.3 per cent. On 12 March 2007, CCI's board recommended acceptance of a $A79 million bid from French group, Bureau Veritas. The offer of $A0.58 a share represents a 48 per cent premium to CCI's average price. One of the company's main attractions for Bureau Veritas was the technology of its equipment reliability management business.
Publication Date: 13 March 2007
CCI HOLDINGS LIMITED - ASX CHL
BUREAU VERITAS
CAMPBELL BROTHERS LIMITED - ASX CPB
CCI...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
