British Vita Ltd.

News & Analysis

british vita ltd. and texas pacific group - All News and Analysis

• British vita closes two factories.(COMPANY NEWS)

  - 2005-12-01

  Over 160 jobs are to go at British Vita plc, UK, following the 668 million [pounds sterling] sale of the polymer foam producer to a management team, with financial backing from Texas Pacific, an American private equity group. The new Chief Executive Howard Harris...

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• TPG snaps up British Vita: British Vita succumbs to e TPG's fourth offer.(newslines)(Texas Pacific Group acquires British Vita PLC)

  - 2005-06-01

  LONDON -- Texas Pacific Group is in the process of buying UK-based polyurethane foam, plastics and fibres group British Vita plc. Vita's board recommended on 22 March that shareholders accept equity group TPG's fourth offer, which values the group at 668 million [pounds sterling]...

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• British Vita succumbs to Texas offer

  - 2005-03-23

  BRITISH VITA, the UK's biggest maker of foam rubber agreed to a pounds 668m takeover offer from Texas Pacific Group TPG yesterday, after rejecting three previous offers by the US private equity firm. TPG's latest offer is the equivalent of 366.25p a share, 41.25p more than the first offer of...

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• British Vita rejects pounds 667m Texas offer

  - 2005-03-11

  BRITISH VITA, the foam rubber to nappies group, yesterday rejected a new higher offer from the US private equity group Texas Pacific Group that valued the Manchester-based company at about pounds 667m. British Vita said the indicative offer, at 353p a share, undervalued the chemical company. It...

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• British Vita fights bid with investor pay-out

  - 2005-03-08

  BRITISH VITA, the foam maker that turned down a pounds 624m takeover bid from Texas Pacific TPG, yesterday promised to return pounds 185m to shareholders as it attempted to stave off a third approach from the private equity group. The company rebutted its suitor's advances as it...

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• Shares and market report: British Vita depressed by moves to foil

  - 2005-03-04

  BRITISH VITA, the foam maker which last month rejected a pounds 620m takeover offer from the buyout firm Texas Pacific, will on Monday unveil full-year figures and word has it that accompanying the numbers will be news that the company plans to significantly increase its share buy- back programme. ...

  Tags: British Vita Ltd., Credit Suisse Group AG, Merrill Lynch & Co. Inc., RAB Capital Plc., Texas Pacific Group

• Texas Pacific returns to British Vita with pounds 620m cash bid

  - 2005-02-04

  THE AMERICAN buyout giant Texas Pacific has offered pounds 620m in cash to take private British Vita, whose products range from chemicals to foam rubber. Texas Pacific made a formal bid of 335p a share yesterday for the Manchester- based company, led by chief executive David Campbell,...

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• British Vita soars after rejecting bid

  - 2005-02-03

  BRITISH VITA shares soared nearly 15 per cent yesterday, up 41p to 320p, after the furniture foam maker rejected a bid from US private equity giant Texas Pacific that "substantially undervalued" the company. However, its management said: "The board wishes to make it clear (as it did to the party...

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• Vita repels US bidders: US financial bid 'undervalues company and its prospects'.(newslines)(British Vita plc)(Brief Article)

  - 2005-02-01

  LONDON -- British Vira plc has firmly repulsed a revised bid from Texas Pacific Group, a US-based private equity group. But, as we go to press, the US firm is said to be set to raise its bid a third time, putting Vita managers under severe pressure....

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