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The $400-million contested battle for textile manufacturer Holvis Group reveals a major loophole in Switzerland's regulations on corporate takeovers. The battle for Holvis began when forest products group International Paper Co. (IP) got an irrevocable option to buy 25% of the company, and launched a $435-per-share bid to buy the rest of the shares. Holvis looked for competing bids and attracted BBA Group PLC, which offered $500 per share provided that BBA gets an exclusive right to buy Fiberweb, Holvis's nonwoven textile business. The bid was thus locked at $500 per share to the detriment of minority shareholders., The Holvis takeover highlights failings of the Swiss law Big deficiencies in the regulatory regime for Swiss takeovers have been shown up by the country s first contested bid - [...]

Engineering group BBA of the United Kingdom is expected to succeed with its cash offer of 500 Swiss Francs per share for the acquisition of paper distribution and non-wovens group Holvis of Switzerland. The hostile acquisition bid by paper group International Paper (IP) of the United States is not expected to win, despite IP already owning 31% of the company. Holvis' non-wovens operation Fiberweb has been the subject of a lock-up. IP was primarily interested in the non-wovens business. Merchant bank Morgan Grenfell of the United Kingdom is advising BBA.

BBA Group has added London Heathrow to its growing list of European Signature Flight Support fixed-base operations (FBO) after acquiring ground handling provider Executive Aircraft Services (EAS). BBA bought EAS [...]

BBA Aviation Services is set to acquire Chicago-based fixed-base operator (FBO) Priester. The aviation services company is to pay $16 million for the facility in Palwaukee, Illinois. Roy McGlone, the [...]

nEThe BBA Group has completed the acquisition of Aircraft Service International Group (ASIG) for $137.9 million. It gives the UK-based company additional ground handling and refuelling operations in North America, [...]

The world's third largest roll goods producer BBA Group, London, U.K., has consolidated its North and South American businesses--the BBA Nonwovens Group Americas--into two divisions, the Medical and Industrial Division [...]

Philip and Stephen Vollmer's Snow Filtration Co., a West Chester-based filtration material supplier, was bought by London's BBA Group for $31 million. The Vollmers had owned the company for 13 [...]

No layoffs expected at West Chester supplier Cincinnati's Vollmer brothers, fresh off a deal to buy two apparel makers, have sold another of their holdings to a British conglomerate for [...]

David Learmount/LONDON Diversified industrial conglomerate BBA has bought Europe's largest professional pilot training organisation, Oxford Aviation of the UK, marking the first move in an expected trend towards the consolidation [...]

An overview of the mid-market aerospace deals in the first half of 2000 is presented. The value of deals fell, possibly due to the rise in cost of aviation fuel, but smaller deals in outsourcing went ahead.

An overview of the mid-market aerospace deals in the first half of 2000 is presented. The value of deals fell, possibly due to the rise in cost of aviation fuel, but smaller deals in outsourcing went ahead.

BBA Group, plc, a London-based holding company, has announced details of the proposed demerger/spin-off of its Fiberweb nonwovens business unit and its planned listing as a separate public company, Fiberweb [...]

The BBA Group has finalized plans to purchase Tecnofibra Spa, a Como, Italy-based nonwovens producer, in a 31.8 million [euro] debt-free cash deal. Tecnofibra manufactures spunlaced, thermal bonded and needlepunched [...]

The UK's BBAGroup has agreed to acquire the AMRCombs chain of fixed-base operations (FBOs) for $170 million. BBA owns Signature Flight Support, the largest USFBO chain, and the acquisition will [...]