Edition:
United States

Heavy Machinery & Vehicles

Page 1

GKN Rejects Buyout Proposal From Melrose, Appoints Anne Stevens As CEO

Friday, 12 Jan 2018 02:59am EST

Jan 12 (Reuters) - GKN Plc ::ANNOUNCES APPOINTMENT OF ANNE STEVENS AS CHIEF EXECUTIVE.‍CONFIRMS GROUP'S CURRENT TRADING​.OUTLINES A TRANSFORMATION PROGRAMME AND FUTURE GROUP STRUCTURE; AND REJECTS A PROPOSAL FROM MELROSE INDUSTRIES PLC.‍Q4 2017 TRADING WAS IN LINE WITH EXPECTATIONS AND GROUP THEREFORE CONTINUES TO EXPECT 2017 MANAGEMENT PROFIT BEFORE TAX((1)) TO BE SLIGHTLY AHEAD OF 2016​.‍GKN IS NOW CREATING DIFFERENTIATED PRODUCT SEGMENTS THAT WILL BE CLASSIFIED AS EITHER CORE OR NON-CORE​.CONFIRMS THAT ON 8 JANUARY 2018 IT RECEIVED A PRELIMINARY AND UNSOLICITED PROPOSAL FROM MELROSE TO ACQUIRE GKN.‍PROJECT BOOST IS A 2 YEAR PROGRAMME TO IMPROVE CASH AND PROFIT THAT WILL INCORPORATE ALL AREAS OF BUSINESS OPERATING SYSTEM INCLUDING CULTURE​.PROPOSAL AT A PRICE OF 405 PENCE PER SHARE, COMPRISING 80% IN NEW MELROSE SHARES AND 20% IN CASH.‍"PROPOSAL WOULD MATERIALLY DILUTE EXPOSURE OF GKN SHAREHOLDERS TO MEANINGFUL UPSIDE OPPORTUNITIES THAT BOARD BELIEVES ARE PRESENT WITHIN COMPANY"​.HAS CONSIDERED PROPOSAL TOGETHER WITH GLEACHER SHACKLOCK, J.P. MORGAN CAZENOVE AND UBS LIMITED, AND HAS UNANIMOUSLY REJECTED IT.

ASV Holdings COO To Retire

Wednesday, 10 Jan 2018 09:15am EST

Jan 10 (Reuters) - Asv Holdings Inc ::ASV HOLDINGS - ON JAN 8, JAMES DIBIAGIO NOTIFIED BOARD HE INTENDS TO RETIRE AS CHIEF OPERATING OFFICER OF CO EFFECTIVE JUNE 8 - SEC FILING.

Fastbrick Robotics Appoints Aidan Flynn As CFO

Tuesday, 2 Jan 2018 07:05pm EST

Jan 3 (Reuters) - Fastbrick Robotics Ltd ::APPOINTS AIDAN FLYNN AS CFO.

American Railcar Industries Says CEO's Employment With Company Terminated

Tuesday, 2 Jan 2018 08:40am EST

Jan 2 (Reuters) - American Railcar Industries Inc ::AMERICAN RAILCAR INDUSTRIES SAYS ‍ON DEC 31, 2017, CEO JEFFREY HOLLISTER'S EMPLOYMENT WITH COMPANY TERMINATED - SEC FILING​.AMERICAN RAILCAR INDUSTRIES-ON DEC 29, 2017, BOARD APPOINTED JOHN O'BRYAN AS PRESIDENT, INTERIM CEO OF ARI, EFFECTIVE AS OF JANUARY 1, 2018.

Inner Mongolia First Machinery Elects Chairman

Friday, 22 Dec 2017 05:47am EST

Dec 22 (Reuters) - Inner Mongolia First Machinery Group Co Ltd <600967.SS>::SAYS BOARD ELECTS LI QUANWEN AS CHAIRMAN.

Sinotruk Hong Kong Says ‍Wang Bozhi Appointed As Chairman​

Friday, 22 Dec 2017 04:47am EST

Dec 22 (Reuters) - Sinotruk Hong Kong Ltd <3808.HK>::‍WANG BOZHI APPOINTED AS CHAIRMAN​.

Sinotruk Hong Kong Says Ma Chunji Resigned As Chairman

Thursday, 21 Dec 2017 04:05am EST

Dec 21 (Reuters) - Sinotruk Hong Kong Ltd<3808.HK>::RESIGNATION OF CHAIRMAN OF THE BOARD, EXECUTIVE DIRECTOR, CHAIRMAN OF EXECUTIVE COMMITTEE AND STRATEGY AND INVESTMENT COMMITTEE .MA CHUNJI HAS TENDERED HIS RESIGNATION AS CHAIRMAN OF BOARD AND AN EXECUTIVE DIRECTOR​.

Code Agriculture (Holdings) Says Wu Meirong Re-Designated To Chairlady Of Board

Wednesday, 20 Dec 2017 05:03am EST

Dec 20 (Reuters) - Code Agriculture (Holdings) Ltd <8153.HK>::WU MEIRONG HAS BEEN RE-DESIGNATED FROM CO-CHAIRLADY TO CHAIRLADY OF BOARD.JINGQUAN YINGZI RE-DESIGNATED FROM CHAIRLADY TO VICE-CHAIRLADY OF BOARD.

Shanghai Zhenhua Heavy Industries's CFO resigns

Tuesday, 19 Dec 2017 04:36am EST

Dec 19(Reuters) - Shanghai Zhenhua Heavy Industries Co Ltd <600320.SS> ::Says CFO Wang Jue resigns due to change in job role .

Dick Giromini, Wabash National CEO, To Step Down In June

Friday, 15 Dec 2017 08:30am EST

Dec 15 (Reuters) - Wabash National Corp ::DICK GIROMINI, WABASH NATIONAL CEO, TO STEP DOWN IN JUNE.SAYS BRENT YEAGY APPOINTED CEO AND PRESIDENT.- RICHARD GIROMINI WILL REMAIN WITH COMPANY, SERVING IN ROLE OF EXECUTIVE ADVISOR THROUGH JUNE 1, 2019.

Markets

  • Sectors
  • U.S.
  • Europe
  • Asia

Sector Summary