January 1999

Trends and Resources

HPInformer: HPInformer, International edition

ABB, Zurich, Switzerland, an international engineering and technology group, has received approval from the European Commission (EC) to complete its acquisition of Elsag Bailey Process Automation N.V...

Stephens, F. P., Hydrocarbon Processing Staff

ABB, Zurich, Switzerland, an international engineering and technology group, has received approval from the European Commission (EC) to complete its acquisition of Elsag Bailey Process Automation N.V. Discussions are continuing with the U.S. Federal Trade Commission, and a final ruling is expected January 1999. ABB has offered to buy all of Bailey's outstanding common and preferred securities in an arrangement valued at $2.1 billion. As a condition of the EC approval, ABB has agreed to divest Elsag Bailey's gas chromatograph and mass spectrometer business. The BOC Group has agreed to sell its Benelux and German gases operations to Air Liquide for a cash consideration

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