Appliances, Tools & Housewares

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Middleby Corporation acquires Concordia Coffee Company

Monday, 8 Sep 2014 06:00pm EDT

Middleby Corporation:Acquires Concordia Coffee Company, Inc., a manufacturer of automated and self-service coffee and espresso machines serving commercial foodservice industry.

General Electric to sell appliances business to Electrolux for $3.3 bln

Monday, 8 Sep 2014 01:30am EDT

General Electric:Says that it has signed a definitive agreement to sell its Appliances business to Electrolux for $3.3 billion.Says as part of the transaction, GE has entered into a long-term agreement with Electrolux to continue use of the GE Appliances brand.The transaction has been approved by the board of GE and Electrolux.Says transaction remains subject to customary closing conditions and regulatory approvals, and is targeted to close in 2015.

Guanfu Co., Ltd announces shareholding change in subsidiary

Tuesday, 2 Sep 2014 08:00pm EDT

Guanfu Co., Ltd:To acquire 2 pct stake in 98 pct owned Fujian-based subsidiary for 1.2 mln yuan from Liang Shubiao.To hold 100 pct stake in subsidiary after transaction.

Helen of Troy Ltd gives Q2 2015 mixed guidance; updates FY 2015 guidance

Tuesday, 2 Sep 2014 04:01pm EDT

Helen of Troy Ltd:Expects Q2 2015 net sales revenue excluding Healthy Directions in the range of $291 to $294 million, and diluted EPS (GAAP) in the range of $0.58 to $0.61.Expects Q2 2015 cash EPS (non-GAAP) excluding Healthy Directions is being introduced in the range of $0.79 to $0.82.Expects Q2 2015 consolidated Cash EPS (non-GAAP) including Healthy Directions is being introduced in the range of $0.87 to $0.92.Expects FY 2015 net sales revenue excluding Healthy Directions in the range of $1.275 to $1.30 billion, and diluted EPS (GAAP) in the range of $3.42 to $3.52, which includes after-tax non-cash asset impairment charges of $0.28 per share.Expects FY 2015 consolidated net sales revenue including Healthy Directions in the range of $1.375 to $1.405 billion and consolidated diluted EPS excluding items (non-GAAP) to be in the range of $3.90 to $4.04.Expects FY 2015 consolidated cash EPS including Healthy Directions to be in the range of $4.87 to $5.01.Q2 2015 revenue of $318 million and EPS of $0.85 - Thomson Reuters I/B/E/S.FY 2015 revenue of $1.390 billion and EPS of $4.33 - Thomson Reuters I/B/E/S.

FG Europe SA gives guidance for the following months of FY 2014

Friday, 29 Aug 2014 12:42pm EDT

FG Europe SA:Believes that sales of both the company and the Group will present upward movement during the following months of FY 2014.Says this is due to the complete activation of the subsidiary in Turkey, the improvement of the economic climate in the internal market and the improvement of the wind conditions, which will enhance Group's revenues from the energy sector.

Somfy SA proposes demerger of two operating divisions

Thursday, 28 Aug 2014 12:10pm EDT

Somfy SA:Announces that it is to approve in principle the launch of the demerger transaction of Somfy Activities and Somfy Participations.Says the two entities are already independent fro each other and operate in accordance with different business models.Says if the split confirmed, the transaction would be completed in two stages.Says the first would involve the contribution of Smofy Participations' assets, excluding the equity investments in CIAT and FAAC, to a special vehicle incorporated in Luxembourg.Says the second would consist in a distribution of reserves with, at Somfy shareholders' discretion, a payment either in cash or in shares in the new company, which would be floated on the Euro MTF organized market of the Luxembourg Stock Exchange.Says if definitively, approved, the transaction is expected to be completed by the end of the year, with a Shareholders' General Meeting to be held in late Nov. to rule on the distribution, which itself could take place in mid-Dec.

Coast Wholesale Appliances Inc applied to delist from Toronto Stock Exchange

Wednesday, 27 Aug 2014 06:44pm EDT

Coast Wholesale Appliances Inc:Announced that it has completed its previously announced plan of arrangement.Says arrangement whereby CWAL Investments Ltd. acquired all of outstanding common shares of Coast it did not already own and holders of such shares will receive cash consideration of $4.65 for each share held.Coast has applied for its common shares to be delisted from the Toronto Stock Exchange and expects such delisting to be effective as of the close of markets on or about Sept. 2.In addition, Coast intends to voluntarily surrender its reporting issuer status or apply to relevant Canadian securities regulatory authorities for an order declaring Coast to no longer be reporting issuer.

Churchill China recommends interim dividend

Wednesday, 27 Aug 2014 02:01am EDT

Churchill China PLC:Recommends a 0.002 pounds increase in the interim dividend to 0.051 pounds per share (2013: 0.049 pounds).Payable on Oct. 3 to shareholders on the register on Sept. 12.

Metall Zug AG comments on FY 2014 EBIT outlook

Monday, 25 Aug 2014 12:43am EDT

Metall Zug AG:Sees EBIT for full FY 2014 to be on par with previous year.FY 2013 EBIT of 69.8 million Swiss francs.FY 2014 EBIT estimate 74.50 million Swiss francs - Thomson Reuters I/B/E/S.


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