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

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

Apr 17, 2014: GE Appliances 1Q Revenues Down 3%

Apr 17, 2014: Remodeling Growth Expected to Continue

Apr 17, 2014: HVAC/R Contractors Outlook Holds Steady

Apr 17, 2014: Appliance Store Sales Down Slightly in March

Apr 17, 2014: Briggs & Stratton Automatic Choking Technology Moves to Riding Mowers

More Daily News>>

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

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

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
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 | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows