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

Merloni Raises GDA Stake
Jan 15, 2003
 Printable format
 Email this Article
 Search

General Electric exercised today the first GDA put option provided for in the "Put and Call" agreement with Merloni Elettrodomestici. Under that agreement, which is expected to run until January 2009, Merloni Elettrodomestici can buy GE's 50-percent stake in the stock of the UK company GDA, a British white goods manufacturer (Hotpoint brand) which was already 50-percent owned by Merloni.As of today, Merloni Elettrodomestici holds 60 percent of GDA stock. The Put Price (including the dividend paid by GDA) paid to buy 20% of GE's interest in GDA (equalling 10 percent of GDA's capital stock) was U.S. $71,400,000.

Back to Daily News

 

Daily News

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

Sep 19, 2014: Builder confidence at highest level since Nov. 2005

Sep 19, 2014: Builders Show, Kitchen/Bath Show, and 3 other events converge for 2015 Design & Construction Week

Sep 19, 2014: GE Appliances supporting Susan G. Komen

Sep 18, 2014: AHRI at White House unveils $5 billion refrigerant R&D plan

Sep 18, 2014: Solar microinverter market could break $1 billion by 2018

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 | Plastics Today | Powder Bulk Solids | Canon Trade Shows