Saudi's SRO Gets 2 Bids For Mecca-Medina Railway's Second Stage
3rd Jul 2010 17:58
RIYADH (Zawya Dow Jones)--Saudi Railways Organization said Saturday it has received two bids for the second stage of a 450-kilometer railway that will link the holy cities of Mecca and Medina to Jeddah. The two bidders for the contracts are Al Rajhi Group and AlShoula Group, SRO said in a statement.
Read moreMARKET TALK: Panmure Raises Hyder Consulting Price Target
2nd Jul 2010 10:12
0912 GMT [Dow Jones] Panmure Gordon raises Hyder Consulting (HYC.LN) price target to 418p from 313p. In the context of some industry consolidation following the approaches for Scott Wilson (SWG.LN), reckons there is strong potential for a rerating as we move into the next growth cycle. Sees Hyder as
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
2nd Jul 2010 10:12
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0912 GMT [Dow Jones] Panmure Gordon raises Hyder Consulting (HYC.LN) price target to 418p from 313p. In the context of som
Read moreLondon close: Late slump near close
1st Jul 2010 16:34
Leading UK shares lurched downwards near the close as US markets opened poorly as concern grows over the health of Asia and the prospect of a double-dip recession. BP and satellite group Inmarsat were the only blue chips to make progress. BP shares have been on a roll ever since JPMorgan Cazenove i
Read moreUK SMALLCAP ROUNDUP: Wills & Co Declared In Default
1st Jul 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps WILLS & CO STOCKBROKERS LTD, a small cap share dealer, has been declared to be in default by the Financial Services Compensation Scheme, four months afte
Read moreLondon afternoon: BP rises again
1st Jul 2010 14:37
Leading shares moved sideways over the lunch time session, with the Footsie staying in the red despite a surge by beleaguered oil giant BP. BP is close to emulating the 5% rise it achieved yesterday. The shares have been on a roll ever since JPMorgan Cazenove indulged in what it called "fantasy M&A
Read moreUK SMALLCAP ROUNDUP: Hydrogen Group's 1H Beats Own Views
1st Jul 2010 12:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps HYDROGEN GROUP PLC (HYDG.LN), a professional recruitment business, Thursday said first-half trading was ahead of its own expectations, boosted in part by
Read moreLondon midday:Stocks pare losses
1st Jul 2010 12:11
Leading shares finished the morning session well above their low levels though the Footsie remained in arrears on lingering fears about a slowdown in economic growth in China and concerns over Spain's sovereign debt after ratings agency Moody's said it was considering lowering its rating by a notch
Read moreUK SMALLCAP ROUNDUP: ABB Drops Chloride Bid
1st Jul 2010 09:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps ABB LTD. (ABB), a Swiss engineer, Thursday threw in the towel in a bidding war over U.K. industrial company CHLORIDE GROUP PLC (CHLD.LN), increasing the
Read moreCH2M Hill drops out of Scott Wilson bidding
1st Jul 2010 08:47
CH2M Hill said it will no longer proceed with its acquisition of Scott Wilson after rival bidder URS Corporation increased its offer for the design and engineering consultancy firm. "While Scott Wilson is an excellent company and an attractive cultural fit with CH2M HILL, it is not felt to be value
Read moreCH2M HILL Drops Scott Wilson Pursuit After URS Ups Offer
1st Jul 2010 06:52
LONDON (Dow Jones)--U.S. engineer CH2M HILL Cos. Ltd. said late Wednesday it dropped its offer to acquire peer Scott Wilson Group PLC (SWG.LN), after rival bidder URS Corp. (URS) raised its offer for the U.K. firm. URS raised its offer for Scott Wilson Wednesday to 290 pence a share, valuing the
Read moreURS Raises Bid For Scott Wilson Group To Top CH2M HILL's Offer
30th Jun 2010 18:39
DOW JONES NEWSWIRES URS Corp. (URS) raised its bid for U.K. engineering consultant Scott Wilson Group PLC (SWG.LN) to 290 pence a share Wednesday, a day after U.S. engineering firm CH2M HILL Cos. Ltd. topped URS's earlier offer. CH2M said Tuesday that it offered to buy Scott Wilson for 245
Read morePRESS RELEASE: URS Increases Offer to 290 Pence Per Share for Scott Wilson Group
30th Jun 2010 18:21
Cash Transaction Now Would Be Valued at $337 Million Transaction Expected to be Accretive to URS' GAAP EPS in Fiscal 2011 SAN FRANCISCO--(BUSINESS WIRE)--June 30, 2010-- URS Corporation (NYSE: URS) today announced the terms of an increased offer to acquire Scott Wilson Group plc. (LSE: SWG)
Read moreScott Wilson accepts 290p bid from URS
30th Jun 2010 17:42
Scott Wilson has recommended an increased cash offer of 290p a share from URS Corporation just a few hours after the US outfit was rebuked by the Takeover Panel for only indicating it may increase its bid. The offer for the British design and engineering consultancy, worth £223m, beats the 245p a s
Read moreUrs Corporation Recommended Increased Cash Offer -2-
30th Jun 2010 17:24
6. Structure of the Increased Offer It is intended that the Increased Offer will be implemented by Universe Bidco, a wholly-owned subsidiary of URS and effected by way of a court-sanctioned scheme of arrangement between Scott Wilson and the Scheme Shareholders under Part 26 of the 2006 Act.
Read more