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Wassall, the industrial conglomerate, has agreed to a £627m takeover bid from an investment vehicle owned by Kohlberg Kravis Roberts. 11-Feb-2000 Wassall, the industrial conglomerate attempting to become a venture capital group, is in discussions that could lead to a takeover offer being made for the company. 07-Dec-1999 Wassall has sold its stake in BICC for £44m, effectively ending its attempt to take over the construction and engineering group. 18-Nov-1999 Wassall is planning to invest up to £350m in small and medium-sized quoted companies. 17-Sep-1999 Wassall has sold DAP, the adhesives and sealants manufacturer, to RPM of the US for £180m, and is now looking to spend up to £350m on engineering acquisitions in the US and Europe. 13-Jul-1999 Wassall has sold its Antler luggage business to management for £40m. 10-Jul-1999 Wassall is in negotiations with a number of venture capital companies about the sale of its Antler luggage business for more than £40m. 16-Apr-1999 Wassall has launched a £379m takeover offer for BICC, but the move has been rejected by the cables and construction company. 19-Mar-1999 Wassall has built up a 7.3% stake in the BICC cables and construction group at a cost of £29m, prompting speculation that BICC could be broken up or taken over. 13-Nov-1998 Wassall is expected to succeed with its £351m bid to acquire the TLG lighting group, following the withdrawal of Cooper Industries from the bidding. 29-Sep-1998 Wassall has offered £351m for the TLG lighting group, trumping a bid by Cooper Industries of the US. 11-Sep-1998 Wassall has announced a major restructuring programme that will transform it into a mixture of industrial company and investment fund, thereby going against the trend for conglomerates to increase the focus of their businesses. 19-Mar-1998 Wassall is looking to spend over £300m on the acquisition of an underperforming manufacturing company, having raised £462m from the flotation of its General Cable business. 18-Sep-1997 Wassall has sold its remaining 19.5% stake in General Cable Corp of the US, raising a further £80m to be spent on acquisitions. 21-Aug-1997 Wassall is planning to float 70% of General Cable Corporation, its US subsidiary, with £150m of the proceeds being returned to shareholders. 11-Mar-1997 Wassall has bought a 4.1% stake in TLG for about £7m, a move which could lead to a full takeover bid. 04-Feb-1997 Omnipack has acquired four companies from Wassall for £11.5m - MCG Rosslite, MCG Graphics, MCG Containers & Closures and Gilchrist Brothers. 04-May-1996
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