Re: Gonninans Sale

[Barry Campbell <barryC@qimr.edu.au>]

alco@acay.com.au wrote:
> 
> The SMH reports possible buyers as: GE (USA), Alstrom (France), Bombardiere
> (Canada) and local companies "United"(no idea who they are) and EDI. The
> article suggests that "GE is arguably the favourite because it already
> licenses it's technonogy to Gonninan. If a large multinational won the bid it
> could simply replace the technology with it's own." I guess this is refering
> to the possibility that EDI/Clyde took over. The company is valued at between
> $130M and $200M. Cheers Bob
> 
>Back in the 80s when takeover mania was in the air even more than today one of the investment conglomerates of the time (Adsteam??) had built up a controlling interest in Howard Smiths and then started buying shares in Clyde. Ultimately they gave up partly on the basis that they would have jeopardised one or the other of the loco building licences which were the main assets of each company at the time. That' how I remember it anyway.


Barry Campbell