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Vitro extends bid offer for Anchor Glass. (Vitro S.A. )
From:
Modern Brewery Age
| Date:
September 25, 1989
| COPYRIGHT 1989 Business Journals, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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Vitro extends bid offer for Anchor Glass
For the second time in two weeks, the Mexican owned, glass-making giant Vitro S.A. kept up the pressure on Anchor Glass Container Corp. by again extending its tendered bid offer until late last week, Vitro announced. Vitro, which owns 1.4 million of Anchor's 13.9 million shares of outstanding stock, said it has already tendered 4.8 million shares, (see MBA Tab, August 28, 1989).
As it did when Vitro made its original take...
Related newspaper, magazine, and journal articles from HighBeam Research
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Anchor Glass Unit of Mexico's Vitro Files for Chapter 11, Will Sell Plants.(Originated from The Florida Times-Union, Jacksonville)
Knight Ridder/Tribune Business News
; ... ON THE INTERNET: Visit connecT-U, the World Wide Web site of The Florida Times-Union. Point your browser to http://www.times-union.com ----- (c) 1996, The Florida Times-Union. Distributed by Knight-Ridder/Tribune Business News. VTO, BLL, CMB, BAC,
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Tampa, Fla.-Based Anchor Glass Seeks Bankruptcy Protection.
Knight Ridder/Tribune Business News
; By Dave Simanoff, Tampa Tribune, Fla. Knight Ridder/Tribune Business News Apr. 16--TAMPA, Fla.--Anchor Glass Container Corp. filed for bankruptcy protection ... c) 2002, Tampa Tribune, Fla. Distributed by Knight Ridder/Tribune Business News.
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Anchor Glass Says Bankruptcy Filing Won't Affect Warner Robins, Ga., Plant.
The Macon Telegraph (Macon, Georgia) (via Knight-Ridder/Tribune Business News)
; ... million does say a lot about Anchor and about the industry, she said. To see more of The Macon Telegraph, or to subscribe to the newspaper, go to http://www.macon.com (c) 2002, The Macon Telegraph, Ga. Distributed by Knight Ridder/Tribune Business News.
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Anchor Glass Study Shows Impact Exceeds $150 Million
The Journal Record
; ... responsible for $157.3 million in direct and indirect benefits to the community. According to the study, the plant creates $30.1 million in total payroll expenditures in Okmulgee County. Results of the study will be released at a news conference Thursday.
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Cerberus-Owned Anchor Glass Can't Pay on Notes
Daily News
; TAMPA, Fla. (HedgeWorld.com) - Anchor Glass Container Corp. the third largest manufacturer of glass containers in the United States, warned that it may not be able to pay the US$19.2 million in interest that will come due August 15 on senior secured notes due 2013. Anchor said it is in discussions
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Anchor Glass Co. signs contract to supply A-B.
Modern Brewery Age
; The Anchor Glass Container Corp. has entered into a new multi-year agreement with Anheuser-Busch. Under the terms of the deal, Anchor Glass will supply the majority of A-B's glass requirements in the southeast region. Anchor Glass has been operating under Chapter 11 bankruptcy protection since
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Restructuring Gives Anchor Glass a Reprieve.(Originated from St. Petersburg Times, Fla.)
Knight Ridder/Tribune Business News
; TAMPA, FlaDec. 17--Anchor Glass Container Corp. announced a plan Friday that promises to give it a fresh start. The Tampa-based subsidiary of Mexico's Vitro SA said it has an agreement in principle with its largest bondholders that will restructure Anchor's debt and lift it out of a potentially
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Anchor Glass closes Connellsville Container plant.(Ceramics In the News)
Ceramic Industry
; Anchor Glass Container Corp. recently announced that, at its meeting on November 4, the board of directors decided to close the company's Connellsville, Pa., facility. The 624,000-square-foot facility, with two furnaces and four machines, primarily produced beverage and beer glass containers.
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Anchor Glass's board rejects Vitro's offer.
Modern Brewery Age
; Anchor Glass's Board rejects Vitro's offer The Anchor Glass Container Corp. announced that it has unanimously rejected a $251.4 million bid by Vitro S.A., a Mexican company attempting to gain control of the 89-percent stake it does not already own. In urging shareholders not to sell-out to Vitro,
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EPA cites Anchor Glass for clean-air violations.(INDUSTRY NEWS)
Pollution Engineering
; EPA Region 5 has cited the Anchor Glass Container Corp. for alleged clean-air violations at the company's container glass manufacturing plant in Indiana. The proposed penalty was $96,901. The EPA alleged that Anchor Glass failed to use its baghouses to control emissions of particulate matter (dust,
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