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Examples
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"Chloride's customer base would have been nice to have but they aren't the undisputed leader in all the markets, and it's not ABB's core business."
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Chloride's board considered the ABB bid reasonable and fair, and planned to recommend it to shareholders.
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However, broker Seymour Pierce said it would be surprised if ABB raised its bid, as it would then be paying more than 30 times Chloride's forecast earnings for fiscal 2011.
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Emerson confirmed it approached Chloride's board in March with a proposal to make a cash offer for the company.
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It is an interim recognition agreement, covering all factory floor relations and participation by SAAWU in Chloride's grievance and disciplinary procedures.
7. The Riekert Commission: a Black Middle Class in the Making? 1980
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Unless otherwise stated, the financial information relating to the Chloride Group has been extracted or derived (without any adjustment) from Chloride's audited annual report and accounts for the year ended 31 March 2010.
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With Emerson's extensive presence in the emerging markets, Emerson expects to leverage these capabilities to significantly enhance Chloride's growth by accelerating the penetration in these key markets.
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The Offer values Chloride's existing issued and to be issued share capital at approximately
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From Chloride's perspective, the Offer represents near term certain cash value at a significant premium.
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Emerson intends to build on Chloride's highly talented group of employees to support the continued development and expansion of the combined business.
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