Industry News

Hyster-Yale Materials Handling, Inc. announced today that its indirect wholly-owned subsidiary, Hyster-Yale Capital Holding Italy S.r.l., has announced the final results of the procedure to fulfill the obligation to purchase the remaining outstanding shares of Bolzoni S.p.A.. As previously announced on June 1, 2016, during the regular tender period of the mandatory tender offer, HY Italy acquired an additional 8,187,203 Bolzoni shares,..."/>
Hyster-Yale Announces Final Results Of Procedure To Fulfill The Obligation To Purchase The Remaining Shares Of Bolzoni S.p.A.
China Yuchai International Limited on Tuesday revealed as a result of stockholders' elections, its its board of directors declared a common stock dividend for the financial year 2015 of USD0.85 per share, which will can made either wholly in cash or in new shares of common stock. Shareholders of record at the close of business on 26 May 2016 will receive the dividend payment on 29 June 2016.. According to shareholders' elections, the total dividend will be paid as about USD17.8m cash..."/>
China Yuchai to pay common stock dividend USD0.85 per share for the financial year 2015
The Cape's big blue benefit [Cape Cod Times, Hyannis, Mass.]
Religare Enterprises Ltd, has acquired 1.32 million pledged shares of India's largest private shipbuilder ABG Shipyard Ltd to take a 24.49% stake in the debt-laden company. In its filing to BSE, ABG Shipyard said Religare Finvest has acquired 1.32 million shares, representing 24.49% stake in the shipbuilder, by invoking the' encumbrance' clause. This acquisition will, under the rules, not trigger an open offer to ABG Shipyard's..."/>
Religare Finvest acquires 24.49% stake in ABG Shipyard [Mint, New Delhi]
WABCO Holdings Inc., a leading global supplier of technologies that improve the safety, efficiency and connectivity of commercial vehicles, demonstrated today the prototype of a breakthrough collision avoidance technology for commercial vehicles. Jointly developed by WABCO and ZF, the Evasive Maneuver Assist combines WABCO's world-class braking, stability and vehicle dynamics control systems on trucks and trailers with ZF's top active..."/>
WABCO and ZF Unveil Breakthrough Evasive Maneuver Assist Safety Technology for Commercial Vehicles; Demonstrate Prototype that Connects Active Braking and Steering Capability
PyroGenesis Canada Inc., that designs, develops, manufactures and commercializes plasma waste-to-energy systems and plasma torch products, provides an update with respect to its most recently announced private placement financing of up to $3 MM of secured subordinated convertible debentures of the Company, bearing an interest rate of 12% per annum pursuant to an..."/>
PyroGenesis Announces Update on Financing
Dentsply Sirona, a global dental implant company with a $14.5 billion market cap, for $375 million, one of the biggest exits in medical devices in Israel in recent years. Poalim Capital Markets, in cooperation with William Blair, provided advice for the deal. MIS, which had $80 million in revenue at the time of the..."/>
"Our triangular implant leaves more room for bone" [Globes, Tel Aviv, Israel]
Religare Enterprises Ltd, has acquired 1.32 million pledged shares of India's largest private shipbuilder ABG Shipyard Ltd to take a 24.49% stake in the debt-laden company. In its filing to BSE, ABG Shipyard said Religare Finvest has acquired 1.32 million shares, representing 24.49% stake in the shipbuilder, by invoking the' encumbrance' clause. This acquisition will, under the rules, now trigger an open offer to ABG Shipyard's..."/>
Religare Finvest acquires 24.49% stake in ABG Shipyard [Mint, New Delhi]
Northgate III shopping center, across the street from the Northgate mall. He said he hopes to open in November."/>
Black Bear Diner to open across from Northgate mall in Terra Linda [The Marin Independent Journal, Novato, Calif.]
BRIEF: Albertsons cuts the ribbon [Ruidoso News, N.M.]
Aerojet Rocketdyne Inc., which retains a considerable presence in the Sacramento area, continues to restructure operations, consolidating six business units into two-- defense and space. Aerojet announced its newly formed Defense Business Unit will be based in Huntsville, Ala., along with the company's Defense Advanced Programs, also known as "the Rocket Shop." The company did not name a headquarters for its Space Business Unit, noting that multiple..."/>
Aerojet Rocketdyne reorganization creates space, defense business units [The Sacramento Bee]
Crane Co. made the following statement regarding the ruling handed down today by the New York State Court of Appeals with respect to the Dummitt and Suttner asbestos cases, which upheld two state court judgments against the Company totaling approximately $6.7 million:. “We are disappointed by the Court’ s ruling, which is in conflict with those made by courts in other states as well as on the federal level addressing‘ duty to warn’ standards for equipment..."/>
Crane Co. Comments on Decision by the New York State Court of Appeals in the Dummitt and Suttner Asbestos Cases
Honeywell today announced that Darius Adamczyk, President and Chief Operating Officer, will succeed Dave Cote as Chief Executive Officer on March 31, 2017. Cote, who has been Chairman and CEO of Honeywell since 2002, will continue as Executive Chairman until the Company's Annual Shareowners Meeting in April 2018. After that, Cote will start a five-year consulting and non-compete agreement with Honeywell."/>
Honeywell Names Darius Adamczyk To Succeed Dave Cote As CEO On March 31, 2017; Cote To Serve As Executive Chairman Until Annual Shareowners Meeting In April 2018
TechPrecision Corporation, an industry leading global manufacturer of precision, large-scale fabricated and machined metal components and tested systems with customers in the defense, energy and precision industrial sectors, today reported financial results for the fourth quarter and full year periods of fiscal year 2016, the periods ended March 31, 2016.. "This was another quarter of operational and financial progress as we delivered our..."/>
TechPrecision Corporation Reports Profitable Fourth Quarter and Full Year Fiscal 2016

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