(Reuters) - FKI, whose products range from steel ropes to generators to hinges, was posting annual results showing pretax profit fell 7 percent to 65.3 million pounds in the year to end-March, on revenue up 8 percent to 1.33 billion pounds.
On May 31, FKI said it had been approached by an unnamed suitor with a proposal worth around 130 pence per share, or 765 million pounds. There has been talk since that FKI could be a target for U.S. conglomerate General Electric .
Read more at Reuters.com Mergers News
On May 31, FKI said it had been approached by an unnamed suitor with a proposal worth around 130 pence per share, or 765 million pounds. There has been talk since that FKI could be a target for U.S. conglomerate General Electric .
Read more at Reuters.com Mergers News
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