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Article: Sacmi Imola bids for stake in Negri Bossi.
- Article from:
- Plastics News
- Article date:
- December 3, 2001
- Author:
CopyrightCOPYRIGHT 2001 Crain Communications, 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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After a hectic November, what can Negri Bossi SpA do for an encore?
In rapid-fire fashion, the Italian injection press supplier:
* Made an initial public offering Nov. 6 on the stock exchange in Milan, Italy.
* Announced Nov. 22 that it was buying Oima SpA, a smaller Italian press supplier.
* By month's end, had become an acquisition target itself, when the Italian company that makes Sacmi compression molding machines said it wanted to buy Negri Bossi.
Time for an espresso break!
News of the Sacmi offer broke Nov. 26 in Europe. Sacmi Imola Scrl has offered 41 million euros ($36 million) to buy a 60 percent stake in ...