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Splashing Out; Rolls-Royce and Corporate Cash
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 399 no. 8734 (May 2011)
,
page 60.
Topik:
International
;
Automobile Industry
;
Acquisitions & Mergers
;
Foreign Investment
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.66
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
In his budget speech two months ago, George Osborne, the chancellor of the exchequer, spoke of his wish for an economy based on exports and investment, expressing distaste for credit-fuelled spending. Mr Osborne, it seems, wants Britain to be like Germany, the rich world's economic powerhouse. So he may be heartened that Rolls-Royce, an engine manufacturer with many admirable Teutonic traits, looks set to become a little more German. Its joint bid with Daimler, the Stuttgart-based car giant, for Tognum, a German manufacturer of high-speed engines, was accepted by Tognum's board on May 16th, after the offer was raised from EUR 24 to EUR 26 (Pounds 23, or $37) a share. The revised bid values Tognum at EUR 3.4 billion.
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