GKN PLC (GKN.L)
21 Oct 2016
* Altra Industrial Motion Corp - acquisition cost comprises assumption of debt totaling approximately 14 million euros and a cash consideration
Engineering company GKN Plc said on Friday it had agreed to sell its Stromag unit to automobile parts maker Altra Industrial Motion Corp for 184 million euros ($200 million) in cash.
Oct 21 Engineering company GKN Plc said on Friday it had agreed to sell its Stromag unit to automobile parts maker Altra Industrial Motion Corp for 184 million euros ($200 million) in cash.
* GKN Plc agrees sale of its Stromag business for 198 million euros
* GKN rises, traders cite vague bid talk; GKN declines comment
NEW YORK, July 27 Boeing Co reported a smaller-than-expected second-quarter loss on Wednesday, cushioned by strong performances in its jetliner and defense businesses.
LONDON, July 26 UK shares opened in positive territory on Tuesday, driven by gains in engineering firm GKN and BT, though UK housebuilders fell after a series of price target cuts.
LONDON, July 26 British engineering company GKN stuck to a forecast for 2016 to be another year of growth as it said it would aim to cut costs by 30 million pounds ($39.32 million) to help boost next year's result.