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Eglisau, Switzerland, March 2--Forbo Holding AG late February 25 cleared the way for a Sfr705 million ($607 million) takeover offer from private equity group CVC Capital Partners that should bring to a head a fight for control of the company.
Los Angeles, CA, March 1--Bentley Prince Street, known for its design-leading products as well as its sustainability practices, has developed a process to create top-quality commercial carpet in a way that benefits the environment.
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
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.
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 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.