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In the continuing Coltec merger saga, Crane has filed an appeal in the US District Court of Appeals against the previous ruling that allows the US$1.3 billion acquisition of Coltec Industries, the producer of landing gear and industrial sealing systems, by BF Goodrich to go ahead.
Crane, which is interested ill acquiring Coltec, suffered a legal defeat in January when a federal judge dismissed its lawsuit that contended Coltec should have informed it of BF Goodrich's takeover interest.
Ill addition, the Federal "l?ade Association has requested additional information from Coltec and BF Goodrich, in connection with the anti-trust filing relating to their proposed merger.
However, both companies are confident they will be able to respond promptly to the FTC'S request and the closing of the deal, scheduled for the end of this month or early April, will not be adversely affected.
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Federal-Mogul Corporation has announced solid Contact: Wynn's International, 500 North State results for the fourth quarter and full year 1997. amid College Boulevard, Suite 700. Orange, California, a year of aggressive restructuring.
## Laird reports significant profits losses Laird, the engineering group, has announced a 75% reduction in its 1998 pre-tax profits due to start-up losses at it new US automotive sealing plant and restructuring costs in Germany. The ยฃ34.5 million US sealing plant made an operating loss ofยฃ16 mill
The 14th volume of this well-known Annual has just come from the press. It contains the usual amount of interesting and valuable information for the process worker and the tricolor printer. Many illustrations are included which serve as specimens of the numerous processes which the book describes. R