Manufacturing Industry
Goldman to invest $160 million in Hexcel.
Plastics News, October, 2000 by Renstrom, Roger
A Goldman Sachs Group Inc. investor group intends to replace Ciba Specialty Chemicals Holding Inc. as the largest owner of Hexcel Corp. common stock. Ciba agreed to sell about 14.5 million of its more than 18 million shares of Hexcel stock to a Goldman Sachs group at $11 each, Ciba and Hexcel said.
The acquired portion represents about 39 percent of Hexcel's outstanding shares; Ciba currently owns 49.3 percent. Contingent on lender and regulatory approvals, the $160 million deal is scheduled to close this year. "The price being paid by the investor group reflects the relative illiquidity of Ciba's share holding" in Hexcel, John J. Lee, chairman and chief executive officer of Hexcel of Stamford, Conn., said in a news release. "We are grateful for the...
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Most Recent Business Articles
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
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Using object-oriented analysis and design over traditional structured analysis and design
- Design a commission plan that drives sales - Sales Commissions
