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BUSINESS
February 23, 1991 | From Associated Press
Schneider SA of France stepped up pressure Friday on takeover target Square D. Co., saying it will nominate candidates to the electric-device maker's board in what could become a proxy fight for control. Square D said Schneider informed the company it plans to nominate candidates for all 11 board seats at Square D's annual shareholders meeting April 24. Schneider, a major French manufacturer of electrical devices, offered on Tuesday to buy Square D for $78 per share, or at least $1.92 billion.
BUSINESS
March 5, 1991 | From Associated Press
Schneider S.A. of France on Monday appealed directly to shareholders in a hostile takeover bid for Square D Co. The Schneider subsidiary set up to take over Square D--SQD Acquisition Co.--announced a cash tender offer of $78 per share, or $1.92 billion, for all outstanding common and preferred shares of the electrical equipment maker. Square D's board last week spurned the same offer from the French fuse box maker, a major competitor.
BUSINESS
July 25, 1985 | DJ
Widcom Inc. said it signed distribution agreements, which could have a value of more than $25 million, with two European concerns. Under the agreements, Telefonbau and Normalzeit GmbH of Frankfurt, West Germany, and Jeumont-Schneider SA of Pateaux, France, will distribute Widcom video-conference systems.
BUSINESS
March 5, 1991 | From Associated Press
Schneider S.A. of France on Monday appealed directly to shareholders in a hostile takeover bid for Square D Co. The Schneider subsidiary set up to take over Square D--SQD Acquisition Co.--announced a cash tender offer of $78 per share, or $1.92 billion, for all outstanding common and preferred shares of the electrical equipment maker. Square D's board last week spurned the same offer from the French fuse box maker, a major competitor.
BUSINESS
February 23, 1991 | From Associated Press
Schneider SA of France stepped up pressure Friday on takeover target Square D. Co., saying it will nominate candidates to the electric-device maker's board in what could become a proxy fight for control. Square D said Schneider informed the company it plans to nominate candidates for all 11 board seats at Square D's annual shareholders meeting April 24. Schneider, a major French manufacturer of electrical devices, offered on Tuesday to buy Square D for $78 per share, or at least $1.92 billion.
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