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Zurich Market Talk - 23-08-2010 |
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23.08.10 12:25 |
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Schaffner Group increases expectations for the 2009/10 fiscal year. Sustained high order volume - sales and earnings above guidance expected. Following a good first half year, the Schaffner Group continues to post a consistently high level of incoming orders in the second half of 2009/10. Sales are trending upwards in the Asia Pacific region and the photovoltaics market in particular. Signs of a recovery in demand in the Schaffner Group’s traditional markets such as the machine tools and robotics sector are also emerging. Link: Click Here Roche (SIX: RO, ROG; OTCQX: RHHBY) announced today that it has signed an agreement under which Ventana Medical Systems Inc., a member of the Roche Group, will acquire 100 percent of BioImagene, Inc., a privately held company based in Sunnyvale, California. The purchase price is approximately 100 million US dollars on a debt-free basis. The transaction is subject to customary closing conditions and is expected to close in the coming weeks. Link: Click Here
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