Company News for November 26, 2010 - Corporate Summary

• Boeing (NYSE: BA) announced plans for "minor design changes" to the electrical system of its troubled 787 Dreamliner, with another delivery schedule expected out in the next few weeks

• A buyout group led by KKR (NYSE:KKR) agreed to acquire Del Monte Foods (NYSE: DLM) for $19 per share, valuing the firm at about $5 billion including debt

• CPI International (NASDAQ: CPII) is to be purchased by Veritas Capital for $19.50 per share, or $525 million

• The head of Qatar Air criticized Boeing (NYSE: BA) and threatened to move extra orders to Europe's Airbus, saying "I was really taken aback by the (787) program. I never expected a program could be delayed so much with a company like Boeing, which has pride in its quality. They have very clearly failed"

• Posco (NYSE: PKX) and KT Corp (NYSE:KT) reportedly entered a consortium with Woori Finance Holdings (NYSE: WF) to bid on South Korea's 57% Woori stake



BOEING CO (BA
): Free Stock Analysis Report


CPI INTL INC (CPII
): Free Stock Analysis Report


DEL MONTE FOODS (DLM
): Free Stock Analysis Report


KOREA TELE-ADR (KT): Free Stock Analysis Report

WOORI FIN-ADR (WF
): Free Stock Analysis Report


Zacks Investment Research
Market News and Data brought to you by Benzinga APIs

Comments
Loading...