News
CAYMAN ISLANDS -- Solectron Corp.'s financial arm has sold $150 million worth of 8% notes.
The transaction was conducted by Solectron Global Finance Ltd., an indirect, wholly-owned subsidiary of Solectron based in the Cayman Islands.
The notes will mature March 15, 2016. Solectron did not immediately disclose what the capital would be used for.
The transaction was conducted by Solectron Global Finance Ltd., an indirect, wholly-owned subsidiary of Solectron based in the Cayman Islands.
The notes will mature March 15, 2016. Solectron did not immediately disclose what the capital would be used for.
NASHVILLE – Calling it “surprising,” Kyzen Corp. on Wednesday rejected an unsolicited yet public bid for the maker of cleaning products by Zestron Corp.
Earlier today, Zestron had announced its interest in purchasing Kyzen, reportedly offering a premium to shareholders of the Nashville-based cleaning products provider.
In a statement issued Wednesday evening Kyzen chief executive and president Kyle J. Doyel said the firm “has not solicited, nor has it directed management to solicit, offers from any party or have discussions regarding a potential sale.”
In a statement issued Wednesday evening Kyzen chief executive and president Kyle J. Doyel said the firm “has not solicited, nor has it directed management to solicit, offers from any party or have discussions regarding a potential sale.”
GARDEN GROVE, CA -- OK
International, a maker of soldering and desoldering tools, has named Tom Seratti vice president of global sales and marketing.
Seratti has spent 25 years in electronics manufacturing. He previously ran Marshall Industries/Avnet Production Supply and Test, and was co-owner of SPI Westek, a manufacturer of ESD control products in Anaheim, CA.
LOUISVILLE -- Sypris Solutions today reported sales rose 9% year-on-year to $132.1 million for its fourth quarter. The net loss was $300,000, up from a loss of $800,000 a year ago.
For the year, Sypris reported revenue rose 23% to a record $522.8 million compared to $425.4 million for the prior year. Net income for the year was $5.3 million, down from compared to $8.3 million.
For the year, Sypris reported revenue rose 23% to a record $522.8 million compared to $425.4 million for the prior year. Net income for the year was $5.3 million, down from compared to $8.3 million.
THE WOODLANDS, TX -- Huntsman
Corp., one of the world's largest suppliers of chemical products, today reported fourth quarter net loss of $61million, including $20.2 million in restructuring, impairment and plant closing costs, versus a net loss of $1.2 million including charges a year ago.
SAN JOSE -- If you've been watching the Olympics, you saw this coming. Backed by a heavy sponsorship of the Turino games, Lenovo Group Ltd., the former PC arm of IBM, on Thursday said it will roll out its first series of computers under its new name and aimed at North America.
