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Teleflex Announces Webcast of Annual Shareholder Meeting and PPG to Acquire Chinese Manufacturer, Distributor of Architectural Coatings
Friday, April 28, 2006 1:01 PM
Symbols: HSC, PPG, TFX
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Conglomerate industry alert provided by Financial News USA (OTC: FNWU) Teleflex Incorporated (NYSE: TFX) will hold its Annual Shareholder Meeting at 11:00 a.m. (ET) on Friday, May 5, 2006, at the Hilton Valley Forge, 251 West DeKalb Pike, King of Prussia, Pennsylvania. An audio webcast of the meeting will be available live and archived on the company's website www.teleflex.com. Satelinx's (OTC: SLXI) Board of Directors yesterday approved the formal agreement in principle between CQIP and Satelinx whereby CQIP has agreed to invest into Satelinx through a combination of transfer of assets and funding. The completed transaction will bring into Satelinx assets of over 100 million U.S. and 25 million U.S. in cash. In exchange CQIP will receive shares of Satelinx representing 51% of the total issued and outstanding shares of Satelinx at the time of the closing. The agreement still requires shareholder approval and the approval of the CQIP. Closing is expected to take place by June 01, 2006. To view the full report for SLXI visit www.stocksjournal.com

PPG Industries (NYSE: PPG) is expanding its presence in the Chinese architectural coatings market with today's announcement that it has agreed to acquire certain assets of Shanghai Sunpool Building Material Co., Ltd., and its associated companies, including Shanghai IDI International Co., Ltd., and a group of Shanghai-based businesses that manufacture and distribute coatings and building materials. Terms were not disclosed. Worldwide industrial services and products company Harsco Corporation (NYSE: HSC) announced today that Scott H. Gerson has been promoted to the position of Vice President and Chief Information Officer of the Company effective May 1, 2006.

(Source: iStockAnalyst )



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