52 Week Range
As of on the Mexico Stock Exchange ∙ Minimum 15 minute delay
Nov 12 (Reuters) - Owens-Illinois Inc <OI.N>::DEAL IS EXPECTED TO BE ACCRETIVE TO EARNINGS AND CASH FLOW IN FIRST YEAR .O-I ACQUIRES NEARLY 50 PERCENT INTEREST IN EMPRESAS COMEGUA S.A..PURCHASE PRICE OF $119 MILLION IS ADJUSTED FOR NET DEBT.HAS ACQUIRED A JUST OVER 49.7 PERCENT INTEREST IN EMPRESAS COMEGUA S.A. FROM FABRICACIÓN DE MÁQUINAS, S.A. DE C.V.,.PURCHASE PRICE IS BASED ON AN ENTERPRISE VALUE OF JUST UNDER 6X FY18E EBITDA PRIOR TO ANY SYNERGIES.
Vitro S.A.B. - : Vitro to acquire PGW's original equipment automotive glass business from LKQ . VITRO S.A.B.- Deal will be funded with US$80 million cash and a US$230 million loan from BBVA Bancomer which was simultaneously signed with this agreement . VITRO, S.A.B. de C.V. - Total consideration of approximately US$310 million .Vitro S.A.B.- As part of transaction,vitro will supply LKQ's aftermarket glass distribution business with an already agreed-upon volume.
LKQ Corp: LKQ Corporation agrees to sell OEM glass manufacturing business to Vitro SAB . Sale price is $310 million .As part of transaction, LKQ and Vitro entered into a multi-year supply agreement.
Vitro SAB de CV:Adrian Sada Gonzalez and Adrian Sada Cueva agreed to purchase from David Martinez Guzman 23.3 million shares of Vitro each, which amounts to 4.82 percent of the share capital each.Acquisition will be carried out indirectly through companies wholly owned by both Adrian Sada Gonzalez and Adrian Sada Cueva.
Owens-Illinois Inc:Reaches definitive agreement with Vitro, S.A.B. de C.V., to acquire Vitro's food and beverage glass container business in an all-cash transaction valued at about $2.15 bln.The transaction, which has been approved by the boards of directors of both companies, is subject to approval by Vitro's shareholders and customary regulatory approvals. The deal is expected to close within 12 months.
Vitro SAB de CV:To build new packaging plant to manufacture glass containers for cosmetics, fragrances and specialties segments in Brazil.Investment value about $90 million.
Vitro SAB de CV:Signs new 7-year contract with Constellation Brands for production of 7,300 million beer bottles for export.Estimated sales value of transaction is $950 million during contract period.
Vitro SAB de CV:Vitro and Credit Agricole Corporate and Investment Bank have settled series of lawsuits pending in Mexico and United States, including one that involved Fintech group and certain of its affiliates.Settlement of these lawsuits closes the final chapter on Vitro restructuring process.Terms of settlement provide for Vitro to issue in favor of Credit Agricole $58.5 million note due 2016, which will bear interest at rate equal to three-month LIBOR plus 4.25 percent per annum.Vitro to make up-front payment of $15.0 million to Credit Agricole upon execution of definitive documentation in respect of settlement.
Vitro SAB de CV:Says the Bankruptcy Court for the Northern District of Texas entered the order to formally conclude the insolvency proceedings of its subsidiaries in the United States, which underwent Chapter 11 proceedings in that country.With this action, the companies Vitro Asset Corp, Vitro Chemicals, Fibers & Mining, Troper Services, Amsilco Holdings, B.B.O. Holdings, Binswanger Glass Company, Crisa Corporation, V-MX Holdings, and Vitro Packaging conclude the insolvency process started on Nov. 17, 2010.
Vitro SAB de CV:Says on Jan. 1 at 12:00 p.m. the simultaneous merger of FIC Regiomontano SAPI de CV (FIC) and Compania Vidriera SA de CV(COVISA) into Vitro had full effect.Says the forgoing in fulfillment of the agreements adopted by the General Extraordinary Shareholders’ Meetings held on Sep. 5, 2013 and on Dec. 11, 2013.Says as a result of the merger, Vitro’s corporate capital increased 20 pct, same which became property of Fintech Advisory Ltd. (Fintech) to fulfill the agreements reached on Mar. 1, 2013 with such financial partner.
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