I think what drove this deal was the prospect of getting a competent CEO. Apparently that was a tall order. Had to give away most of the family jewels in order to do so. I also would be a lot happier with a 50/50 deal, unless of course they are bringing a substantial wad of cash into the mix.
According to B_T --- Just sit on your hands and do nothing, unless of course a buck can be made by trashing the environment a bit more.
Governments around the world are printing money and inflation hasn't started
Coal provides the single densest form of carbon storage known.
Too bad they can't leave it in the ground where it serves the very good purpose of helping to control climate change.
Lesson --- When your old race horse finally starts to run to the head of the pack, don't be so fast about pulling him up. Let him run for a while.
Kubota Corporation (“the Company”) announced today that the delisting of its American Depositary Shares (“ADSs”) from the New York Stock Exchange (the “NYSE”) became effective prior to the opening of trading on July 16, 2013 (Eastern time in the U.S.) as scheduled, following the filing, on July 5, 2013, of a Form 25 with the U.S. Securities and Exchange Commission (the “SEC”) for delisting from the NYSE and deregistration with the SEC as announced on June 25, 2013. In addition, the Company has filed a Form 15F with the SEC on July 16, 2013 to terminate its reporting obligations under the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”).
1. Effective Date of Delisting
July 16, 2013
2. Stock exchange on which the Company maintains its listing
Tokyo Stock Exchange
(The cash equity market of the Osaka Securities Exchange on which the Company had maintained its listing
was integrated with that of the Tokyo Stock Exchange on July 16, 2013 (Japan time))
3. Deregistration with the SEC
The deregistration will become effective on October 3, 2013, 90 days after the filing of Form 25 with the SEC. The Company’s reporting obligations under the Exchange Act were suspended by the filing of Form 15F with the SEC and will be terminated on October 14, 2013, 90 days after its filling.
Note: The anticipated effective dates may be delayed if the SEC objects or requests an extended review or for other reasons.
4. Future Plans
After delisting of its ADSs from the NYSE, the Company maintains its American Depositary Receipt Program in the U.S., and therefore its ADSs continue to be traded in the U.S. on the over-the-counter market.
The Company will continue to disclose financial statements and other information, in English, on its website to ensure that its overseas shareholders and investors will continue to have appropriate information about the Company, irrespective of the termination of its reporting obligations under the Exchange Act. The Company will also continue
"The new company's Chairman and Chief Executive Officer will be Dr. Scott Rickert, who holds similar positions with Nanofilm."
Well, that's one way to get a CEO. Who knows, could be just the person needed.
What about PSA Peugeot Citroën --- was that a license agreement?
This report has documented the results of the BUSolutions program. This program is an example of a public-private partnership that truly worked. The results point to a product that could revolutionize the transit industry in a socially- and fiscally-responsible way.
The innovative design of the LCO-140H shows the benefits that can be gained
by a simulation-driven design process when applied to a clean sheet design of a transit bus. The subsequent build and test of the demonstrator has proven the results of a series hydraulic hybrid transit bus that more than doubles the fuel economy seen in the basic diesel buses today. With an average 6.9 MPG as tested using the Altoona test procedures; this is 110 percent above the 3.3 MPG average fuel economy seen in diesel buses tested the same way. It is also 30 percent higher than the best electric hybrid in the Altoona database.
However, this was not done at an elevated cost to the transit industry. As shown, the LCO-140H has a 20 percent lower purchase price than most
electric hybrids and saves over 30 percent in total lifecycle costs. What is even more compelling is that the LCO-140H will save 20 percent in lifecycle costs over a basic non-hybrid diesel bus. For the first time, transit authorities and municipalities can reduce their reliance on oil and save money while doing it. This is the type of socially- and fiscally-responsible solution the transit industry needs.
Both FTA and Altair are motivated to move this program into a commercial phase. FTA desires to see the industry benefit from the introduction of a product developed with public investment that provides the benefits described above. Altair wishes to participate in a commercial venture to bring the LCO-140H to market and is discussing options with potential partners.
China's shale is very deep (compared to the US) and they are having problems solving the fracking process --- it's not a done deal.