News
LOUISVILLE -- Sypris Solutions today reported sales rose 9% year-on-year to $132.1 million for its fourth quarter. The net loss was $300,000, up from a loss of $800,000 a year ago.
For the year, Sypris reported revenue rose 23% to a record $522.8 million compared to $425.4 million for the prior year. Net income for the year was $5.3 million, down from compared to $8.3 million.
For the year, Sypris reported revenue rose 23% to a record $522.8 million compared to $425.4 million for the prior year. Net income for the year was $5.3 million, down from compared to $8.3 million.
CAYMAN ISLANDS -- Solectron Corp.'s financial arm has sold $150 million worth of 8% notes.
The transaction was conducted by Solectron Global Finance Ltd., an indirect, wholly-owned subsidiary of Solectron based in the Cayman Islands.
The notes will mature March 15, 2016. Solectron did not immediately disclose what the capital would be used for.
The transaction was conducted by Solectron Global Finance Ltd., an indirect, wholly-owned subsidiary of Solectron based in the Cayman Islands.
The notes will mature March 15, 2016. Solectron did not immediately disclose what the capital would be used for.
NASHVILLE – Calling it “surprising,” Kyzen Corp. on Wednesday rejected an unsolicited yet public bid for the maker of cleaning products by Zestron Corp.
Earlier today, Zestron had announced its interest in purchasing Kyzen, reportedly offering a premium to shareholders of the Nashville-based cleaning products provider.
In a statement issued Wednesday evening Kyzen chief executive and president Kyle J. Doyel said the firm “has not solicited, nor has it directed management to solicit, offers from any party or have discussions regarding a potential sale.”
In a statement issued Wednesday evening Kyzen chief executive and president Kyle J. Doyel said the firm “has not solicited, nor has it directed management to solicit, offers from any party or have discussions regarding a potential sale.”
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