Home    Resource Store    Past Issues    Buyers' Guide    Career Center    Subscriptions    Advertising    E-Newsletter    Contact

Textile World Photo Galleries
July/August 2015

View Issue  |

Subscribe Now  |


Irantex, The 21st International Exhibition of Textile Machinery, Raw Materials, Home Textiles, Embroidery Machines & Textile Products
09/04/2015 - 09/07/2015

Hightex 2015 - 6th International Technical Textiles and Nonwovens Trade Fair
09/11/2015 - 09/13/2015

Nonwoven Nanofiber And Microfiber Fundamentals And Applications
09/14/2015 - 09/17/2015

- more events -

- submit your event -

Printer Friendly
Full Site
Textile News

BFGoodrich Shareholders Approve Coltec Merger

Shareholders of BFGoodrich Co., Richfield, Ohio, overwhelmingly approved a merger with Coltec Industries Inc., Charlotte, N.C.We are bringing together two strong, profitable companies with a focus on providing innovative solutions and quality products to our customers and creating value for our shareholders, said David L. Burner, BFGoodrich chairman and CEO.Completion of the merger requires clearance from the Federal Trade Commission.Also, lawsuits filed by AlliedSignal and Crane Co. aimed at blocking the merger are pending in U.S. District Court in Indiana. Following discussions with AlliedSignal, BFGoodrich agreed that it would not complete the merger until the judge rules on motions to dismiss and to transfer contract issues of arbitration.Once the merger is completed, Coltec shareholders will receive 0.56 shares of BFGoodrich common stock for each for each share of Coltec common stock. They will receive written instructions for exchanging their share certificates. BFGoodrich shareholders will keep their certificates.The value of the transactions is about $2 billion. The headquarters of the merged company will be located in Charlotte.

May 1999