Citation Announces Suspension of Talks to Acquire French Valfond Group.BIRMINGHAM Birmingham, cities, United States Birmingham (bûr`mĭnghăm') 1 City (1990 pop. 265,968), seat of Jefferson co., N central Ala., in the Jones Valley near the southern end of the Appalachian system; founded and inc. , Ala ALA aminolevulinic acid. Ala alanine. ala (a´lah) pl. a´lae [L.] a winglike process. .--(BUSINESS WIRE)--Sept. 17, 1998--Citation Corporation (Nasdaq: CAST) announced today that after initial discussions concerning the possible acquisition of the French Valfond Group, following the signing of a letter of intent, the parties have decided to suspend the project. The project is considered to be premature in light of current market conditions. Valfond produces and machines aluminum and iron castings at 42 locations in Europe. The existing alliance between Citation Citation (foaled 1945) U.S. Thoroughbred racehorse. In four seasons he won 32 of 45 races, finished second in ten, and third in two. He won the 1948 Triple Crown, and became the first horse to win $1 million. He set a world record in 1950 by running a mile in 1:33 3/5. and Valfond continues as before. Citation produces aluminum, iron, and steel castings Steel casting is a manufacturing process in which molten metal is poured into a mold, allowed to solidify within the mold, and then the mold is broken and the solid piece is taken out. , steel forgings, and machines and assembles components at 19 divisions primarily located in the mid-west and south. |
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