British fire and safety firm Kidde accepts United Technologies' US&#36;2.8B offer
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LONDON  - Kidde PLC, the British fire and safety company, said Thursday it had agreed to a 1.4-billion-pound (&#36;2.8-billion-US) takeover by United Technologies Corp.
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Project management firm John Laing says it has accepted a Â£887m bid from a private equity firm.
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Holcim Ltd., the world's second-largest cement maker, said Thursday it has reached agreement with Aggregate Industries PLC on a cash offer of about 1.8 billion pounds (&#36;3.4 billion) for the British construction group.
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Honeywell International Inc., the world&#39;s largest maker of cockpit electronics, agreed to buy Novar Plc of the UK for 798 million pounds ($1.53 billion) to expand in building products such as security, fire and ventilation systems.
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United Technologies made a 1.35 billion pound bid for Kidde, but the fire-fighting equipment maker has rejected the offer, saying it undervalues the company.
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British fire-fighting equipment manufacturer Kidde Plc said Friday it had rebuffed an unsolicited cash approach from US rival United Technologies Corp.
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Kidde PLC, the British fire and safety company, said Thursday it had agreed to a 1.4 billion pound (&#36;2.8 billion) takeover by United Technologies Corp.
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Honeywell International Inc. of the United States is offering 1.2 billion pounds (US$2.4 billion; euro1.7 billion) to buy Novar PLC, the two companies said Monday.
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By Alistair Osborne, Associate City Editor (Filed: 17/12/2004). United Technologies Corporation clinched the acquisition of Kidde yesterday after sweetening its 165p-a-share offer for the fire protection group with a final dividend of 2p per share.
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U.S. manufacturer Honeywell International Inc.  on Monday bid &#36;1.5 billion in cash for Britain's Novar Plc  in an effort to bolster its security business and raise 2005 earnings, which are forecast to be at the low end of analysts' estimates.
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SHARES in Kidde soared more than 17 per cent yesterday after it emerged that the fire equipment group had rejected an indicative Â£1.
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Electronic Data Systems on Tuesday  made a voluntary early retirement offer to about 9,200 U.S.  employees, or up to 8 percent of its total workforce, as part  of its plan to reduce up to 20,000 jobs over the next two years  to cut its costs.
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Shares of UK&#39;s Kidde were higher on speculation that a deal with United Technologies could be close. LONDON  - Britain&#39;s Kidde Plc Wednesday said it received a revised offer of $2.69 billion from
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Sportswear group Umbro, the maker of England's football team kit, on Tuesday agreed to a takeover from US giant Nike in a deal worth 285 million pounds.
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Britain's WPP Group Plc has offered to pay more than &#36;1.25 billion for advertising firm Gray Global Group, the Wall Street Journal said on Thursday, citing an unidentified person familiar with the matter.
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A North American energy company which operates a major North Sea oil field is selling its British division for 2.1 billion (Â£1.14 billion), it was announced today.
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IBM has signed a 7-year, &#36;969 million contract with British bank Lloyds TSB to supply it with Internet telephony and data services, The U.S.-based computer giant said on Monday.