dear spx employee's, does any one know the status of the powerteam business unit in owatonna. rumor has it, the new president (x ge), has terminated several employee's and the company has offer early retirement to several employee's. Is this another aftermarket situation.
May 7, is the crucial date. If SPX is successful in winning the judicial hearing, expect Echlin to play their "white knight(s)" hand. Rumor is that several strong candidated are waiting in the wings. It is going to be next to impossible for SPX to pull this off. SPX can not compete with the likes of Federal Mogul (FMO)or DANA for the acquisition of Echlin. It will be really interesting to watch the battle over the next month. Unfortunately, SPX shareholders are going to come out the loser if they hold for too long. If Blystone doesn't make a key acquisition soon, well... do your own homework!
would it be likely for spx to buy iin i hear mannesmann is the most likely can spx compete with dana trw or mannesmann what is future of iin stock when bought iin employee looking for info and direction to take