Tuesday 10 November | |
Pacific Horizon Investment Trust PLC | AGM |
Harvest Minerals Ltd | AGM |
Gulf Marine Services PLC | GM re Seafox resolutions for director changes |
Mid Wynd International Investment Trust PLC | AGM |
Wednesday 11 November | |
Rank Group PLC | AGM |
Supermarket Income REIT PLC | AGM |
ThinkSmart Ltd | AGM |
InnovaDerma PLC | AGM |
Hays PLC | AGM |
Thursday 12 Thursday | |
James Halstead PLC | AGM |
Ricardo PLC | AGM |
Friday 13 November | |
DFS Furniture PLC | AGM |
Byotrol PLC | AGM |
Galliford Try Holdings PLC | AGM |
Monday 16 November | |
Smiths Group PLC | AGM |
JPMorgan Brazil Investment Trust PLC | GM re liquidation of company |
European Opportunities Trust PLC | AGM |
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IN BRIEF: Smiths Group buys US firm Heating & Cooling Products
Smiths Group PLC - London-based engineering firm - Acquires Heating & Cooling Products Inc, a Ohio-based manufacturer of heating, ventilation and air conditioning products. Smiths is paying USD82 million on a cash and debt-free basis for HCP, which recorded USD69 million in revenue in the 12 months that ended July 31. Smiths doesn't provide HCP's recent earnings but says the acquisition is done at 7x multiple to HCP's estimated 2023 earnings before interest, tax, depreciation and amortisation. HCP will be integrated within the Flex-Tek division of Smiths. The UK company says the acquisition expands its presence in the North American HVAC market, highlighting HCP's axial and radial seal duct technology, which improves energy efficiency.
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