Key Developments: Melrose Industries PLC (MRON.L)

MRON.L on London Stock Exchange

283.30GBp
27 Mar 2015
Change (% chg)

-4.80p (-1.67%)
Prev Close
288.10p
Open
288.20p
Day's High
289.00p
Day's Low
282.80p
Volume
1,690,460
Avg. Vol
2,954,252
52-wk High
329.00p
52-wk Low
252.54p

Search Stocks

Latest Key Developments (Source: Significant Developments)

Melrose Industries PLC proposes dividend
Wednesday, 4 Mar 2015 02:00am EST 

Melrose Industries PLC:Proposes to pay a final dividend of 5.3p per share (2013: 5.0p).Dividend will be paid on May 18 to those shareholders on the register at April 17, subject to the approval at the AGM on May 14.  Full Article

Melrose Industries announces disposal of Bridon
Wednesday, 12 Nov 2014 12:18pm EST 

Melrose Industries PLC:Completes the disposal of Bridon to Ontario Teachers' Pension Plan for an enterprise value of 365 mln pounds.  Full Article

Melrose Industries PLC completes acquisition of Eclipse Inc
Monday, 3 Nov 2014 02:00am EST 

Melrose Industries PLC:Announces that, further to the announcement of Sept. 30, its Elster Gas business has completed the acquisition of Eclipse, Inc.Says for a total consideration of $158 mln.  Full Article

Melrose Industries PLC announces sale of Bridon Limited
Monday, 13 Oct 2014 02:00am EDT 

Melrose Industries PLC:Signs an agreement for the disposal of Bridon Limited (Bridon) to the Ontario Teachers' Pension Plan (OTPP).Total consideration of 365 mln pounds on debt and cash free basis is payable in cash on completion subject to customary adjustments.As part of transaction, Melrose will contribute 6.7 mln pounds into the Bridon Group (2013) Pension Scheme, which will remain with Bridon on disposal.Melrose currently intends to use the proceeds to pay down existing borrowings and to finance a return of capital in due course.The disposal is conditional upon, inter alia, certain customary anti-trust clearances and is expected to complete before the end of 2014.  Full Article

Melrose Industries PLC's Elster Gas business announces acquisition of Eclipse Inc
Tuesday, 30 Sep 2014 02:02am EDT 

Melrose Industries PLC:Says that its Elster Gas business has signed a conditional agreement for the acquisition of Eclipse Inc., a manufacturer of gas combustion components and systems for industrial heating and drying applications headquartered in Rockford, Illinois (USA).Total consideration of $158 mln is payable in cash on completion.Transaction is on a debt and cash free basis and will be funded within the existing debt facilities of the Melrose Group.Completion is conditional upon obtaining anti-trust clearance in the United States and is expected to occur during Nov. 2014.  Full Article

Melrose Industries PLC declares interim dividend
Thursday, 28 Aug 2014 02:00am EDT 

Melrose Industries PLC:Declares interim dividend of 2.8p (2013: 2.75p).Dividend will be paid on Oct. 16 to shareholders on register at close of business on Sept. 19.  Full Article

Melrose Industries PLC announces final dividend
Wednesday, 5 Mar 2014 02:00am EST 

Melrose Industries PLC:To pay a final dividend of 5.0 pence per share (2012: 5.0 pence).Payment date May 15.Record date April 22.  Full Article

Melrose Industries PLC announces proposed return of capital to shareholders
Tuesday, 21 Jan 2014 02:00am EST 

Melrose Industries PLC:Proposes return of capital of 0.47 pounds per share.Says shareholders have the choice as to how to receive the proceeds.  Full Article

Melrose Industries PLC announces disposal of Harris Waste Management Group Inc
Friday, 3 Jan 2014 07:50am EST 

Melrose Industries PLC:Says it completed the disposal of Harris Waste Management Group, Inc. to Avis Industrial Corporation.  Full Article

Melrose Industries PLC Announces Sale Of Crosby & Acco
Thursday, 10 Oct 2013 02:00am EDT 

Melrose Industries PLC (Melrose) announced that it has signed a conditional agreement for the disposal of Crosby and Acco (Crosby) to a newly incorporated company controlled by affiliates of Kohlberg Kravis Roberts & Co L.P. The total consideration of USD1,010 million (GBP627.3 million) is payable in cash on completion. The disposal is conditional, amongst other things, upon obtaining anti-trust clearances in various jurisdictions, including the United States, and is targeted for completion during 2013. Melrose intends to use the proceeds to pay down existing borrowings and to finance a return of capital in due course.  Full Article

Melrose unveils 13-for-14 reverse split after Bridon sale

Feb 3 - Engineering turnaround specialist Melrose Industries Plc said it planned a 13-for-14 reverse stock split, more than two months after it sold a division that makes ropes used in mines.

Search Stocks