Vesuvius PLC (VSVS.L)
19 Dec 2014
|Market Cap (Mil.):||£1,145.88|
|Shares Outstanding (Mil.):||271.21|
** Morgan Advanced Materials Plc's shares rise as much as 5.5 pct, after the firm rejects an all-share takeover proposal from sector peer Vesuvius Plc.
- Morgan Advanced Materials Plc rejected an all-share takeover proposal from Vesuvius Plc that it said would have exposed its shareholders to lower margin businesses in the iron and steel sector.
* Morgan Advanced says nil-premium proposal undervalues co
Dec 1 - Vesuvius Plc said it had decided not to make an offer for Morgan Advanced Materials Plc after the latter's board rejected an initial proposal by Vesuvius without any discussions.
Aug 18 - Vesuvius Plc said it had agreed to buy businesses in Brazil and the United States for a total of about 30 million pounds ($50 million) to strengthen its position as a technical services provider to the steel and foundry industries.
Aug 1 - Vesuvius Plc, a maker of ceramic moulds and lining for steelmakers and foundries, reported a 14.3 percent rise in first-half profit, perked by robust steel markets in Europe and North America.