Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Videocon Confident of Daewoo Win
Feb 26, 2007
 Printable format
 Email this Article
 Search

The Videocon Group is set to clinch a deal with Daewoo Electronics, said Videocon Group Chairman Venugopal N. Dhoot. “We are very close to settling a deal with Daewoo Electronics. Discussions are on with the creditors and we have almost managed to wrap up the funding and pricing issues. I cannot comment on when, but can only say that it is expected to happen very soon.”

If closed, it will be Videocon’s third major acquisition in the last year. The company took over Thomson’s global color picture tube manufacturing business and the Indian operations of Electrolux.

Earlier this month, the group submitted a revised bid after Daewoo’s creditors rejected the original proposal in December. Differences had cropped up between the two over price and other terms of the deal. The company officials had reportedly said the results of the revised bid are expected in a month.

Videocon had initially demanded a 13-percent discount on the initial bid price of $752 million for the creditors’ 97.6-percent stake in Daewoo Electronics, which was rejected.

Back to Daily News

 

Daily News

...........................................................

Nov 21, 2014: Electrolux: new U.S. fridge efficiency requirements are more complex than anticipated

Nov 21, 2014: Whirlpool brand launches Perceptions of Care video

Nov 21, 2014: Hon Hai 3Q profit $1 billion

Nov 21, 2014: Environmental Product Declarations for aluminum product types released

Nov 20, 2014: Report: Drop in affluents' consumer confidence may foretell signal trouble ahead for some retailers

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows