Lanxess AG (LXSG.DE)
2 Mar 2015
* Could fund minority stake in Germany's Lanxess (Adds detail, context throughout)
Feb 9 - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:
* Lanxess, Nordea rally after results (Updates with closing prices, adds quite)
* Lanxess, Nordea rally after results (Adds detail, updates prices)
COLOGNE Germany - Lanxess, the world's No.1 maker of synthetic rubber, said it would cut about 1,000 jobs, or 6 percent of its global workforce, to counter overcapacity in the industry but its shares fell on disappointment over projected cost savings.
* To take 150 mln eur in one-off charges, 100 mln of which this yr
FRANKFURT - German chemicals maker Lanxess may slash up to 1,200 jobs, or about 7 percent of its total workforce, as part of a group-wide overhaul to counter overcapacity in the synthetic rubber industry, German daily Rheinische Post reported.
FRANKFURT, Sept 11 - Lanxess, the world's largest maker of synthetic rubber for tyres, has decided to hold on to the accelerators and antioxidants rubber chemicals business it had previously considered selling.
Earnings vs. Estimates
Analyst Research Reports
Provider: Wright Reports
Lanxess AG: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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