British Vita Ltd.

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british vita ltd. - All News and Analysis

• British Vita division closing two facilities.(facility closure of Vitasheet Group)(Brief article)

  - 2006-08-07

  Byline: Richard Higgs Vitasheet Group, British Vita plc's newly renamed extruded sheet and film division, plans to close two plants, cutting as many as 140 jobs. Vitasheet plans to cease production at its former VTS Doeflex facility in Redhill, England, and...

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• African foamer struggles.(British Vita plc's subsidiary has been placed under provisional liquidation following its failure to service )(Brief article)

  - 2006-02-01

  LONDON -- British Vita plc's subsidiary in Zimbabwe has been placed under provisional liquidation following its failure to service a Z$60 O00-million (about $3.95-million) debt owed to various creditors, according to a report in the Zimbabwe Standard of Harare. Zimbabwe's board, led by Eric...

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• 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]...

  Tags: British Vita Ltd., Texas Pacific Group

• 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...

  Tags: British Vita Ltd., Texas Pacific Group

• 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

• US firm must decide on British Vita

  - 2005-02-19

  THE UK'S Takeover Panel ruled that the American buyout giant Texas Pacific must either announce a firm intention to make an offer for British Vita by 21 March or announce that it does not plan to make a bid. The group's pounds 620m cash offer to take private British Vita,...

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• British Vita rejects second bid

  - 2005-02-05

  BRITISH VITA, the furniture foam and chemicals business, yesterday rejected a second takeover bid from the US buyout firm, Texas Pacific Group. It said the pounds 620m offer, an improvement on an offer made this week, undervalued the company. Its chairman, David Cotterill said the 335p- a-share offer was not...

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