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S KOREA'S LS CABLE ACQUIRES U.S. CABLE MAKER.
SEOUL, Aug 1 Asia Pulse - LS Cable Ltd. (KSE:006260), South Korea's biggest wire and cable maker, said Friday that it has acquired 86.88 per cent of U.S.-based Superior Essex in a tender offer.
LS Cable said it also expects to acquire an additional stake of 7.04 per cent, the company said in a regulatory filing.
In June, the South Korean company offered US$45 a share to buy 81 per cent, or 19.7 million shares of Superior Essex. The tender offer was conducted from July 1 to July 30, it said.
With the acquisition, LS Cable will become the world's third-largest cable maker and secure a footing in the U.S. market amid a ...
- LS Cable to Acquire Superior Essex for US$900 Million, Creating Global Wire and...
- Press release article from: Business Wire June 11, 2008 700+ words
...executive officer of Superior Essex. "With LS Cable, our employees will...and service heritage of Superior Essex. LS Cable also has a strong R...combination will allow for LS Cable and Superior Essex to broaden their product...
- LS Cable Announces Commencement of US$45.00 Per Share Cash Tender Offer for...
- Press release article from: Business Wire July 1, 2008 700+ words
...11, 2008, the date LS Cable and Superior Essex signed and announced...merger agreement for LS Cable to acquire Superior Essex. The combination will...offer to sell shares of Superior Essex. LS Cable and Cyprus Merger Acquisition...
- LS Corp. and LS Cable Ltd. Successfully Complete Tender Offer for Shares of...
- Press release article from: Business Wire August 5, 2008 700+ words
...its subsidiary LS Cable Ltd. and Superior Essex Inc. (NASDAQ: SPSX...In bringing together LS Cable and Superior Essex, we are establishing...subsidiary named "LS Cable Ltd." About Superior Essex Superior Essex Inc...
- LS Corp. and LS Cable Ltd. Accept Shares in Tender Offer for Common Stock of...
- Press release article from: Business Wire July 31, 2008 700+ words
...its subsidiary LS Cable Ltd. and Superior Essex Inc. (NASDAQ...subsidiary of LS Cable Ltd., for all...common stock of Superior Essex. The initial...subsidiary named "LS Cable Ltd." About Superior Essex Superior Essex...
- Superior Essex Confirms Discussions with LS Cable.
- Press release article from: Business Wire June 10, 2008 700+ words
...combination. LS Cable has proposed...outstanding shares of Superior Essex common stock...share in cash. LS Cable initially approached the Superior Essex Board of Directors...24, 2008. LS Cable has advised Superior Essex that $45 per...
- LS Corp. and LS Cable Announce Antitrust Clearances in Three Countries for...
- Press release article from: Business Wire July 21, 2008 700+ words
...LS Corp. and its subsidiary LS Cable Ltd. announced today that the relevant...offer for all outstanding shares of Superior Essex Inc. (NASDAQ: SPSX). As a result...related Letter of Transmittal. About LS Cable LS Cable, a newly established and...
- LS Cable gets 14 bln won order from Siemens.
- News wire article from: YON - Yonhap News Agency of Korea September 29, 2009 700+ words
...achievement since we acquired the European unit of Superior Essex last year," said LS Cable Chief Executive Officer Sohn Jong-ho in the statement. Last year, LS Cable took over Superior Essex Inc. of the U.S., creating the world...
- S KOREA'S LS CABLE GETS US$11.7 MLN ORDER FROM SIEMENS.
- News wire article from: AsiaPulse News September 29, 2009 700+ words
...achievement since we acquired the European unit of Superior Essex last year," said LS Cable Chief Executive Officer Sohn Jong-ho in the statement. Last year, LS Cable took over Superior Essex Inc. of the U.S., creating the world...
Source: HighBeam Research, S KOREA'S LS CABLE ACQUIRES U.S. CABLE MAKER.