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| Sulzer Ltd sells Sulzer Infra to Groupe Fabricom (27/04/2001, Media Release) |
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Groupe Fabricom, a subsidiary of Tractebel, has agreed with Sulzer Ltd to acquire Sulzer Infra for CHF 420 million (EUR 260 million), subject to approval by the regulatory authori-ties. Sulzer Infra will strengthen Groupe Fabricom’s infrastructure services in building and industrial installations, maintenance and facility management through complementary geographic presence and long-standing customer base.
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| Sulzer shareholders support the Board (19/04/2001, Media Release) |
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At the 87th Annual General Meeting of Sulzer Limited, Winterthur on April 19, 2001, all the resolutions proposed by the Sulzer Board were approved and all the resolutions proposed by InCentive Capital were not approved. 40.5% of the share capital was represented at the AGM, 1696 shareholders were present at the meeting.
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| Sulzer order intake for first quarter 2001 six percent higher (17/04/2001, Media Release) |
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Consolidated order intake by the Sulzer Corporation for the first quarter 2001 rose by 6% to CHF 1532 million, equivalent to a 7% increase adjusted for acquisitions, divestitures and currency effects. This encouraging growth is mainly attributable to the Sulzer Industries core businesses on which Sulzer will be based in future.
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| Sulzer Rejects InCentive’s Offer as Too Low (09/04/2001, Media Release) |
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The Board of Sulzer has today presented its formal response to InCentive Capital’s unsolicited offer. This response demonstrates that InCentive is offering substantially less than what Sulzer is worth. Accordingly, the Board of Sulzer urges its shareholders to reject InCentive’s offer and its AGM proposals.
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| InCentive’s “increased” cash offer simply compensates for the Sulzer dividend (06/04/2001, Media Release) |
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Sulzer notes that, only a week after launching the offer, InCentive Capital has today raised its cash take-over bid to the level initially implied. InCentive Capital’s original headline bid price of CHF 410 per share was in effect an offer of a CHF 390 payment by InCentive for the Sulzer shares after Sulzer’s CHF 20 per share dividend was paid. Today’s announcement by InCentive in effect means an offer of CHF 410 per share after payment of Sulzer’s CHF 20 per share dividend. The central point, however, is that InCentive’s bid remains too low.
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| Good first-quarter business results - divestiture negotiations to continue (03/04/2001, Media Release) |
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Philip Mosimann, currently head of Sulzer Textil, will be leaving per June 30 this year to take up a new appointment as CEO Bucher Industries. His successor will be Ulrich Bolleter, Sulzer Textil technology manager.
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| Sulzer Response to InCentive Capital Offer (30/03/2001, Media Release) |
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The Board of Sulzer acknowledges the publication by Incentive Capital of the terms of its proposed bid for Sulzer AG. Sulzer will study InCentive’s proposals and will give a fuller response in due course.
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| No incentive for Sulzer shareholders (30/03/2001, Media Release) |
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Sulzer has undertaken an initial review of the terms of the bid released today by InCentive Capital. The Board will provide a detailed response to shareholders before InCentive’s offer period starts on April 17. Sulzer, however, rejects InCentive’s proposals as being only in InCentive’s own interests. Furthermore, Sulzer believes InCentive leaves key questions unaddressed, which should be answered before proceeding further.
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| Sulzer Services renamed Optimo Service AG (27/03/2001, Media Release) |
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The local organization for internal services of Sulzer in Winterthur has been taken over by three executives through a management buyout. By founding the new company Optimo Service AG, headquartered in Oberwinterthur, about 180 Sulzer employees have been transferred to a new business environment.
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| Corporation, Sulzer Hexis |
| Sulzer Hexis signs sales agreements with leading German power suppliers (27/03/2001, Media Release) |
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At the largest International Sanitation and Heating Trade Fair (ISH) in Frankfurt/Main, Sulzer Hexis has presented its first fuel cell system for domestic heat and power generation. Sales agreements were signed here with leading German power suppliers for no less than 200 of these systems.
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