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Biotech / Medical : New Brunswick Scientific Co., Inc. (NBSC) -- Ignore unavailable to you. Want to Upgrade?


To: richardred who wrote (652)7/2/2003 10:14:36 AM
From: richardred  Read Replies (2) | Respond to of 724
 
Fresh cash for SPX-

STOCKHOLM (Dow Jones)--Sweden's Assa Abloy AB (S.ASA) Wednesday said it is buying the remaining 20% of shares in Assa Abloy Door Group from joint venture partner SPX Corp. (SPW) for $80 million.

The purchase will result in additional goodwill of $60 million, which Assa Abloy said is deductible. The transaction will have an immediate positive effect on earnings per share.

The joint venture was created in 2001.

(END) Dow Jones Newswires

07-02-03 0402ET