Crompton & Knowles merger with Uniroyal Chemical completed.STAMFORD Stamford, town, England Stamford, town (1991 pop. 18,127), in the Parts of Kesteven, Lincolnshire, E central England, on the Welland River. It is a market town. Products include diesel engines, electrical equipment, bricks, and tiles. , Conn.--(BUSINESS WIRE)--Aug. 21, 1996--Crompton & Knowles Knowles is a surname, and may refer to many people. : Top - 0–9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A
Under the terms of the merger agreement, each common share of Uniroyal Chemical was converted into .9577 shares of Crompton Cromp·ton , Samuel 1753-1827. British inventor of the spinning mule (1779). & Knowles common stock. After the merger Crompton & Knowles has approximately 73 million shares of common stock outstanding. "The combination of Crompton & Knowles and Uniroyal creates a world class specialty chemicals A Specialty chemical is a chemical produced for a specialized use. They are produced in lower volume than bulk chemicals, of which petrochemicals, made from oil feedstocks, are the most common. However, both are produced in a chemical plant. company with strong market positions and excellent prospects for growth," stated Vincent A. Calarco, chairman, president and chief executive officer of Crompton & Knowles, announcing the completion of the merger. "We are confident that the merger will reward our shareholders over the coming years," he said. On a post-merger basis, Crompton & Knowles Corp., headquartered in Stamford, has annual revenues of approximately $1.8 billion. Uniroyal Chemical Corp. will operate as a subsidiary of Crompton & Knowles with headquarters in Middlebury, Conn. CONTACT: Crompton & Knowles Corp., Stamford Peter Barna, 203/353-5432 or Bibelnieks Associates Inc., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Yanis Bibelnieks, 212/949-2295 |
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