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Shareholders holding about 12% of Belgian glassmaker Glaverbel have banded together to oppose a takeover bid from Asahi Glass for the 35% of Glaverbel not owned by Japan's largest glass company.
Over the last three trading days, the Glaverbel share price has increased to over 145 euro per share, with abnormally high trading volumes.
The Board of Directors of Glaverbel S.A. met on Tuesday 8 January 2002 to formulate the opinion that it must give to the Banking and Finance Commission, concerning the public tender offer announced on 19 December by Asahi Glass for the Glaverbel S.
Glaverbel SA said the Belgian Banking and Finance Commission has extended until Jan 15 the deadline for the Glaverbel board to give its view on Asahi Glass Co Ltd's offer to buy out the shares it does not own in the company.
Asahi Glass Co Ltd president Shinya Ishizu said he expects a "huge" increase in profitability from the reorganisation of its worldwide glass operations including the planned buyout of its Glaverbel SA unit.
Asahi Glass Co., Ltd. ("AGC"; headquartered in Tokyo; president: Mr. Shinya Ishizu) decided to make a public tender offer to purchase all the ordinary shares held by public shareholders in its consolidated subsidiary, Glaverbel S.A. (…
Modern architecture, with its increasing dependence on glass, is stimulating the development of newer and safer glazing that is designed to meet tighter requirements of impending European CEN standards for bullet and blast-resistant screens.
The American Institute of Architects (AIA) named Atlanta firm Thompson, Ventulett, Stainback & Associates (TVS) as recipient of the 2002 AIA Architecture Firm Award.
The Glaverbel Group is investing in a new coater* at its Lodelinsart plant in Belgium (Charleroi). This new system will upgrade production of coated solar control glass, sold to large construction projects around the world.
Batimat 2001 is also an opportunity for Glaverbel to highlight its relationship with visitors, and to combine its technical skills, innovative expertise and creative glass-making methods in a spectacular display on its stand.
British glassmaker Pilkington Plc reported a 13 percent rise in first-half profits on Thursday that beat market forecasts but said it expected tougher trading conditions in the second half.Pre-tax profits before exceptionals rose to 115 million…
The slowdown in the economy put a brake on the Group's growth during the third quarter. The weaker economy resulted in a fall in demand for clear raw glass, without however affecting price levels.
When University of Kansas decided to rebuild the original Hoch Auditorium, which had been destroyed in a fire, several Vistawall Architectural Products were chosen to complete this detailed reconstruction project.
Guardian Industries Corp. recently announced, that its operations are supplying high-performance coated glass for the 700-foot tower that will serve as headquarters for banking and financial services giant HSBC Holdings plc.
HKS Architects, based in Dallas, was given the task of designing the first office building to occupy the planned 3.2-acre site on the Dallas North Tollway, in the fast growing suburb of Addison.
Asahi Glass Company (AGC) has announced an automotive glass recycling test initiative that begins next March and will lead to a full-scale program in 2004.
Arch Aluminum & Glass has announced it has begun production of decorative silk-screened glass at its Orlando, FL glass fabrication facility. The company is manufacturing the new product in standard or custom patterns.
The new FG-5000 Hurricane Impact System from Vistawall Architectural Products has been engineered to withstand the fury of mother nature, while maintaining the ease of installation found in conventional store front systems.