On the up: BTR Siebe
Sunday 07 February 1999
The creation of BTR Siebe, the world's largest maker of factory controls and automation equipment, was approved after a court hearing rejected shareholder complaints about the transaction on procedural grounds. A company's inclusion in a major index can positively affect its share price, as investors and fund managers frequently target the shares and the indices for share purchases. The merger of the companies signals the consolidation that is taking place worldwide in the engineering industry.
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