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Cincinnati, New York & St. Louis, February 28--Federated Department Stores and May Department Stores today announced that they have entered into a merger agreement. Each share of May will be converted into the right to receive $17.75 per share of cash and
London, England, February 25—-According to the Financial Times, the CVC venture capital group has increased its offer for Forbo, the Swiss industrial specialities group, from SFR 330/share to SFR 350-370 a share.
Lancaster, PA, February 25—-According to a report in the Lancaster New Era, after four years of trying to get out of bankruptcy, Armstrong World Industries may have been sent back to square one.
Lancaster, PA, February 24--Armstrong Holdings Inc. today announced that federal bankruptcy judge Eduardo C. Robreno issued a ruling on February 23 finding that the AWI Plan of Reorganization was not confirmable.
Atlanta, GA, February 24--Interface, Inc. in the fourth quarter reported sales increased 14.6% to $232.6 million, from $202.9 million in the year ago period.
Mooresville, NC, February 23--Lowe's Companies reported net earnings of $508 million for the quarter, a 26.7 percent increase over the same period a year ago. Diluted earnings per share increased 30.6 percent to $0.64.
Eglisau, Switzerland, February 22--Forbo shareholder Michael Pieper has demanded that the Forbo board immediately terminate the bidding process for the company.
Atlanta, GA, February 22--Home Depot in the fourth quarter of 2004 reported net earnings of $1.041 billion and diluted earnings per share of $0.47, an increase of 9.5 percent.
Whitehall, PA, February 21--Tarkett Inc. has appointed Perry Coker senior vice president, residential sales. In this role Coker will oversee sales for all products in Tarkett’s Residential and Wood divisions, including FiberFloor, sheet vinyl, laminate an
Washington, DC, February 21--Hanley Wood announced its intent to purchase Feasinomics, Inc., Florida's leading provider of housing data and consulting services.