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ABB Ltd (ABB.N)

ABB.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

ABB Ltd has priced EUR 750 million 7- year bond transaction
Tuesday, 9 May 2017 10:00am EDT 

May 9 (Reuters) - Abb Ltd :ABB Ltd - has priced eur 750 million 7- year bond transaction.ABB Ltd - bonds carry a coupon of 0.75% and will be issued under abb finance B.V. USD 8 billion debt issuance program.  Full Article

ABB CEO says has active, constructive dialogue with investor Cevian
Thursday, 20 Apr 2017 01:57am EDT 

April 20 (Reuters) - Abb Ltd :CEO Ulrich Spiesshofer says looking at m&a opportunities in electrification products, bolt ons in robotics and motion.Ceo says one-off gains amount to net of around $200 million in first quarter.Ceo says base order growth shows company heading in right direction.Ceo says korea theft is contained to only that country, have taken measures to prevent another case including replacing employees.Ceo says has active and constructive dialogue with cevian.  Full Article

ABB CEO says will launch share buyback in second half of 2017
Tuesday, 4 Apr 2017 05:01am EDT 

ABB Ltd : ABB CEO says company will launch share buyback in second half of 2017 .ABB announced buyback up of up to $3 billion last October.  Full Article

Genting Hong Kong says unit entered into ABB agreements with certain units of ABB Group
Monday, 9 Jan 2017 09:06am EST 

Genting Hong Kong Ltd <0678.HK> : Genting Hong Kong- MVWW, unit of co, entered into ABB agreements with certain subsidiaries of ABB group . Aggregate consideration under ABB agreements is approximately EUR131 million .Genting Hong Kong - unit to purchase complete propulsion systems, electric power plants, automation and marine software systems for various vessels.  Full Article

Fluor Corp and ABB form alliance to deliver large EPC substation projects globally
Tuesday, 4 Oct 2016 07:07am EDT 

Fluor Corp : Global strategic alliance for execution of large turnkey engineering, procurement, construction (EPC) electrical substation projects . Both parties will work together to formalize partnership before year end . Flour Corp says both parties will work together to formalize partnership before year end .Fluor Corp - Co and ABB form alliance to deliver large EPC substation projects globally.  Full Article

ABB CEO says will consider M&A in Power Grids
Tuesday, 4 Oct 2016 01:56am EDT 

ABB Ltd : CEO says company will continue active portfolio management, continuously review portfolio -media call . CEO says will consider M&A in power grids -media call . CEO says sees sales and cost synergies from keeping power grids business . CEO says sees tough conditions continuing in Q3 Europe, U.S. . CEO says has spoken with large shareholders Investor AB and Cevian this morning . CEO says we have a very good dialogue with shareholders. Had a friendly and open conversation with Investor AB and Cevian Further company coverage: [ABBN.S] (Reporting By Zurich newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

Abb says completes $3.5 bln share buyback started in 2014
Friday, 30 Sep 2016 01:25am EDT 

Abb Ltd : Says has completed its share buyback program announced in September 2014 .Says repurchased 171,335,000 registered shares (equivalent to 7.4% of its issued share capital at launch of the buyback program) for a total amount of approximately usd 3.5 billion.  Full Article

ABB Chief tells staff a Kuka bid is 'pure speculation'- Bloomberg
Friday, 24 Jun 2016 01:43pm EDT 

: ABB Chief tells staff a Kuka bid is 'pure speculation'-Bloomberg, citing memo Source (http://bloom.bg/292p0Cc) (Bengaluru Newsroom) (((+91 80 6749-1130; within U.S. +1 646 223 8780);)).  Full Article

ABB Ltd says join forces with Aker for subsea production
Tuesday, 26 Apr 2016 08:00pm EDT 

ABB Ltd:Says ABB and Aker Solutions join forces to propel and power subsea production.Says agreement to build on their combined strengths in subsea, power and automation technologies to develop solutions.Says collaboration will target opportunities globally, building on the companies’ presence in oil and gas markets worldwide and will be headquartered in Oslo, Norway.  Full Article

ABB Ltd wins $250 mln order to link offshore wind farm to UK grid - Reuters
Thursday, 31 Mar 2016 05:18am EDT 

ABB Ltd:Wins $250 million order to link offshore wind farm to UK grid from Danish energy company DONG Energy - Reuters.  Full Article

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ABB plans to switch auditors to KPMG from EY

ZURICH Swiss power transmission and industrial automation company ABB plans to switch auditors to KPMG from Ernst & Young, it said on Monday.