Report: CVC Bids for Forbo
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.
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Interface Reports 4Q and Year-End Results
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.
Judge Rejects Armstrong Reorganization Plan
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.
Lowe’s 4Q Earnings Up 26.7%
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.
Home Depot Earnings Up 9.5%; Services Up 20%
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.
Forbo CEO Leaves Company, Shareholder Demands End
Eglisau, Switzerland, February 22--Forbo shareholder Michael Pieper has demanded that the Forbo board immediately terminate the bidding process for the company.
Tarkett Names Coker Sr. VP Residential Sales
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
Hanley Wood to Acquire Housing Data Provider
Washington, DC, February 21--Hanley Wood announced its intent to purchase Feasinomics, Inc., Florida's leading provider of housing data and consulting services.
WSJ: Federated, May Talks On Again
New York, February 18—-The Wall Street Journal reported this morning that the acquisition talks that would see Federated Department Stores buy May Department Stores are back on again.
Chicago Healthcare Architecture Firm Expands
Chicago, February 18--Jensen & Halstead Ltd., a leading Chicago healthcare architecture firm, has joined forces with Studio One Design, an interior design firm also concentrating in healthcare and senior living facilities.