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Article: Investor Group Led by Goldman Sachs to Purchase Hexcel Common Stock Owned by Ciba Specialty Chemicals.
- Article from:
- Advanced Materials & Composites News
- Article date:
- October 16, 2000
CopyrightCOPYRIGHT 2000 Composites Worldwide, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Hexcel Corporation (NYSE/PCX: HXL) of Stamford, Connecticut announced that Ciba Specialty Chemicals (SWX:CIBN, NYSE: CSB) has entered into an agreement to sell approximately 14.5 million of the approximately 18 million shares of Hexcel common stock it owns (currently ca. 49% of Hexcel stock) to an investor group affiliated with Goldman Sachs.
The acquired shares represent approximately 39% of Hexcel's outstanding common stock. In addition, Hexcel and the Investor Group have agreed to a governance agreement which will become effective on the closing of the transaction; the transaction is anticipated to be completed well before year-end.
The Ciba shares ...
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Article: CONSOLIDATED SELLS SOME OF ITS COMMON STOCK BACK TO ...
Hart's Petroleum Finance Week;
March 2, 1998 ;
582 words
... ... 519,500 of its common shares to Goldman, Sachs and Co. for re-sale as principal ... company bought 4,558,500 shares from Goldman, Sachs to issue to debenture holders who chose ... that Consolidated did not sell back to Goldman, Sachs are expected to be sold in another ...
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