News: IMI PLC (IMI.L)

IMI.L on London Stock Exchange

1,220.00GBp
7:07am EDT
Price Change (% chg)

-10.00p (-0.81%)
Prev Close
1,230.00p
Open
1,232.00p
Day's High
1,238.00p
Day's Low
1,216.00p
Volume
287,810
Avg. Vol
730,285
52-wk High
1,613.00p
52-wk Low
1,216.00p

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Tue, Sep 2 2014

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GE, IMI, buyout funds line up bids for Italy's Petrolvalves: sources

LONDON - General Electric , UK engineer IMI and buyout funds CVC and First Reserve are preparing binding offers for Italian valve maker Petrolvalves, sources familiar with the situation said. Industry rival Emerson Electric Co , described by one source as a "motivated" bidder, could also participate in the final round of the auction, launched earlier this year by the Candiani family which wants to sell its majority stake.

GE, IMI, buyout funds line up bids for Italy's Petrolvalves -sources

LONDON, Sept 2 - General Electric, UK engineer IMI and buyout funds CVC and First Reserve are preparing binding offers for Italian valve maker Petrolvalves, sources familiar with the situation said.

UPDATE 2-Valve maker IMI sets five-year plan to double operating profit

* Raises interim dividend to 13.6 pence from 12.8 pence (Adds CEO, analyst comment, updates share movement)

Valve supplier IMI says profit hit by strong pound

Aug 1 - IMI Plc, a supplier of flow-control systems, reported a 6 percent drop in adjusted operating profit for the first half of the year, hit by the strong pound.

U.S. firm CCI to start naphtha trading in Asia -sources

* CCI hires Singapore-based trader for naphtha -mkt sources

DEALTALK-Metso bid could stir rivals and make Weir a target

* Weir seeks Metso deal, but key Metso shareholder against

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