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

NACCO Makes Cash Tender Offer For Applica Common Shares
Dec 15, 2006
 Printable format
 Email this Article
 Search

NACCO Industries, Inc. said today that, through a wholly owned subsidiary, it will offer U.S. $6.50 per share for all of the issued and outstanding shares of common stock of Applica Incorporated. NACCO estimates that the total value of the transaction, including assumed debt as of Sept. 30, 2006, is approximately $325.5 million.

NACCO also proposed to amend its July 23, 2006 merger agreement with Applica to provide for, among other things, the sale of Applica at the $6.50 cash price per share.

On Oct. 19, 2006, Applica said it would terminate that agreement and signed an agreement with affiliates of Harbinger Capital Partners at $6.00 per share in cash. NACCO has initiated litigation challenging that termination.
 

Back to Daily News

 

Daily News

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

Nov 26, 2014: Hamilton Beach 3Q income down slightly

Nov 26, 2014: LG's sales of Inverter Linear Compressor refrigerators top 10 million

Nov 25, 2014: Robotics Exhibits Grow 25% at 2015 CES

Nov 25, 2014: Index shows HVAC/R contractors more positive than last year

Nov 25, 2014: Consumer Confidence Index Declines

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