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	lucasvarity (Site not responding. Last check: 2007-10-12)
		LucasVarity plc was a UK motor parts manufacturer, created by a merger of Lucas Industries plc and the North American Group Varity Corporation Inc in August 1996.
		In 1998 it attempted to attempt to shift its head office to the USA; however, the company suffered an embarrassing defeat in a shareholder vote on its decision to move across the Atlantic, with claims that its directors were looking to cash in on the much higher pay packets available in the US.
		When TRW was acquired by Northrop Grumman, LucasVarity and TRW's own automotive group were sold to the Blackstone Group as TRW Automotive.
	www.yourencyclopedia.net /lucasvarity.html (255 words)

	TRW Announces Fourth Quarter and 1999 Results (January 2000) - News - Compound Semiconductor
		Excluding LucasVarity, fourth quarter 1999 sales increased 5 percent, primarily due to the startup of the Astrolink contract and higher volume due to new government contracts in the systems engineering and support marketplace, and the growth of existing space and missile systems and non- defense contracts.
		Excluding LucasVarity and unusual items, fourth quarter 1999 segment profit declined 8 percent to $100.5 million, primarily due to losses associated with the warehouse management product that is being discontinued, and the decline of the Y2K and enterprise resource planning integration business.
		Excluding LucasVarity, 1999 sales increased 1 percent as the effect of maturing programs in the first half of 1999 was offset by new business in the second half.
	www.compoundsemiconductor.net /articles/news/4/1/40/1 (1525 words)

	LucasVarity
		LucasVarity is in discussions with a number of companies that could lead to the expansion of its automotive components business through a series of acquisitions and joint ventures.
		LucasVarity is discussing the acquisition of the remaining 66% of Freios Varga, the Brazilian automotive brakes company, for up to £110m, in order to benefit from the anticipated 10% annual growth in the Brazilian car market.
		LucasVarity, the new company formed by the recent merger of Lucas and Varity, is looking to combine its braking operations by focusing its European output of anti-lock brakes at Varity's Dutch plant.
	www.ukbusinesspark.co.uk /luy13322.htm (1000 words)

	LucasVarity plc to Move to U.S.
		Certificates for new LucasVarity Corporation Shares and cheques for fractional entitlements are expected to be available for despatch by post no later than 21 days after the effective date of the Scheme.
		Recommendation The Directors of LucasVarity plc have given careful consideration to the proposal and consider it to be in the best interests of the Company's shareholders as a whole.
		The Board of LucasVarity plc, which has been so advised by Lazard Brothers & Co., Limited and Morgan Stanley & Co. Limited, considers the financial terms of the proposal to be fair and reasonable to its shareholders as a whole.
	www.theautochannel.com /news/press/date/19980909/press016907.html (2004 words)

	BBC News \| The Company File \| LucasVarity in the slow lane
		LucasVarity, the UK motor parts manufacturer which has been shrouded in controversy over the past few months, has announced a sharp fall in profits.
		LucasVarity's profits for the three months to October fell to £71m from £85m during the same period in the previous year.
		LucasVarity's chief executive Victor Rice, who has suffered a barrage of criticism from shareholders, tried to put the damaging defeat behind him.
	news.bbc.co.uk /1/hi/business/the_company_file/230804.stm (303 words)

	BBC News \| The Company File \| LucasVarity confirms merger talks
		LucasVarity, the car parts group which was recently involved in a row with its shareholders over plans to move to the US, may end up as an American group after all.
		LucasVarity has confirmed it is in talks with rivals which could lead to a merger.
		LucasVarity has been forced to launch an extensive strategic review after its plans to move to the US were foiled by shareholders opposed to the boardroom decision.
	news.bbc.co.uk /1/hi/business/the_company_file/249632.stm (225 words)

	BBC News \| The Company File \| LucasVarity agrees £4bn TRW bid
		The cash offer, recommended to shareholders by LucasVarity, values the group's shares at 288p each and trumps the $6.5bn (£3.9bn) bid from US rival Federal-Mogul which was rejected on Monday.
		Federal-Mogul was later reported to be considering tabling a revised offer for LucasVarity and urged the UK group's shareholders to wait before responding to the TRW offer.
		However, TRW has built into its offer document a clause which states LucasVarity would have to pay a £30m forfeit if it were to spurn the bid in favour of a better offer.
	news.bbc.co.uk /1/hi/business/the_company_file/264603.stm (553 words)

	Diesel Progress North American Edition: LucasVarity's new common rail system - fuel injection system (Site not responding. Last check: 2007-10-12)
		Small quantity pilot and post injection is a feature of the LucasVarity common rail system which can result in significant noise reduction and increased efficiency of a DeNox catalyst, according to John Mardell, chief engineer, technology, at LucasVarity.
		The components of the LucasVarity fuel system include a high-pressure pump with pressure regulator and inlet metering valve; a rail with a pressure sensor for fuel storage; electrohydraulic injectors; and an electronic control unit.
		The maximum capacity of the pump is determined by the compromise between the shortest time needed to raise rail pressure to 2174 psi (150 bar) to achieve rapid starting and fuel delivery required at peak torque conditions.
	www.findarticles.com /p/articles/mi_m0FZX/is_n10_v64/ai_21238824 (1529 words)

	LucasVarity plc - Archived 8/2001
		In January 1999, TRW and LucasVarity plc jointly announced that TRW would launch an all-cash tender offer to acquire all of the outstanding common shares of LucasVarity in a transaction that values LucasVarity at approximately $7 billion.
		In March 1998, LucasVarity completed the sale of VarityPerkins, which represents 100 percent of the Diesel Engines segment, to Caterpillar Inc of the United States for gross proceeds of £803 million in cash.
		While TRW’s aerospace and defense operations have shrunk due to the LucasVarity acquisition, the company maintains that it is committed to the field.
	www.forecast1.com /archive/da/da11080.htm (5609 words)

	European Business News (EBN), 97-04-15
		LucasVarity announced a 3% share buyback after posting pretax profit of £282 million ($457 million), and it said it was set for revenue and margin growth in the current year.
		LucasVarity changed its year end to January 31 from July 31 in the wake of the merger of Lucas Industries and Varity Corp. in August.
		Victor Rice, chief executive officer of LucasVarity said in an interview with Dow Jones that headline earnings figures are largely 'meaningless' because the accounts are based on estimates of what the company would have made if the companeis had been merged for a year.
	www.hri.org /news/europe/ebn/1997/97-04-15.ebn.html (3162 words)

	Corpus Christi Online - / TRW will acquire British brake maker LucasVarity
		CLEVELAND - TRW Inc. has an agreement to acquire LucasVarity PLC, a highly coveted British maker of automotive brakes, for $7 billion in cash and executives of the two companies are said to be looking for acquisitions, with Tenneco Co. among their top targets.
		TRW and LucasVarity, meantime, already are looking for other auto parts and aerospace companies to buy, and Tenneco is a prime candidate in the automotive sector, according to an industry analyst who met with the companies' executives Thursday.
		The combination of TRW and LucasVarity would be the fifth industry merger in 1999, according to Securities Data Co. There were 80 combinations in 1998 for a total value of $11.2 billion.
	www.caller2.com /autoconv/bizworld99/bizworld14.html (393 words)

	LucasVarity hurdle too high for Federal-Mogul
		However, Mr Snell said a deal would also need to be positive to cashflow, accretive to earnings in the short term and positive in terms of economic value added, and must leave the company with an appropriate combination of equity and debt.
		LucasVarity declined to comment on Federal-Mogul's withdrawal, saying only that it was proceeding with the TRW offer as planned.
		A spokesman said LucasVarity and TRW believed the combination of the two companies was the best deal for shareholders and employees, adding that LucasVarity believed the offer was at a full and fair price.
	www.telegraph.co.uk /htmlContent.jhtml?html=/archive/1999/02/11/cnluc11.html (274 words)

	Citation Corporation \| News \| Press Releases \| 1997
		LucasVarity is the world’s largest supplier of anti-lock braking systems.
		According to Theo Benz, LucasVarity Vice President of Purchasing, a co-maker agreement means that a LucasVarity supplier is willing to adopt the principles of total quality, lean supply chains, continuous improvement, and open-book partnership.
		We have been a significant supplier to LucasVarity for several years and appreciate the confidence the company is placing in us.
	www.citation.net /nesrel66.html (338 words)

	LucasVarity - Wikipedia, the free encyclopedia
		LucasVarity plc was a UK motor parts manufacturer, created by a merger of Lucas Industries plc and the North American Group Varity Corporation in August 1996.
		"The merger created a unique opportunity to reassess the skills and competencies we require in the senior management team," said LucasVarity chief executive Victor Rice.
		In 1998 it attempted to shift its head office to the USA; however, the company suffered an embarrassing defeat in a shareholder vote on its decision to move across the Atlantic, with claims that its directors were looking to cash in on the much higher pay packets available in the US.
	en.wikipedia.org /wiki/LucasVarity (216 words)

	Federal-Mogul Announces Proposal to LucasVarity plc
		LucasVarity informed Federal-Mogul in writing on Monday, January 25, 1999 that they are not willing to enter into discussions with Federal-Mogul.
		Federal-Mogul considers that LucasVarity shareholders should be entitled to be made aware of this proposal and regrets the current stance taken by the LucasVarity Board.
		Federal-Mogul strongly believes that it would be in the best interest of LucasVarity shareholders for the Board of LucasVarity to allow Federal-Mogul to conduct due diligence and confirms its eagerness to undertake such an investigation with immediate effect.
	www.prnewswire.com /cgi-bin/stories.pl?ACCT=104&STORY=/www/story/01-25-1999/0000853388&EDATE= (600 words)

	Evening Standard (London): LucasVarity set to become US company (Site not responding. Last check: 2007-10-12)
		LucasVarity is hoping to get round this by offering shares in a separate investment vehicle, which will have the specialist purpose of buying shares in the new US company.
		Announcing half-year profits ahead 34% to GBP 165 million despite a GBP 6 million sterling hit and a further GBP 11 million hit from the General Motors strike, chief executive Victor Rice said the group would be changing its domicile to the US to be centred where its largest investors and customers are.
		Meanwhile, the good news from Airbus continued to flow through as LucasVarity's aerospace division said it had clinched a GBP 320 million deal to supply flight controls to the European aircraft maker.
	www.findarticles.com /p/articles/mi_qn4153/is_19980909/ai_n11868622 (500 words)

	LucasVarity US plan faces more No votes
		OPPOSITION grew last night to LucasVarity's plans to decamp to America after three more UK institutions confirmed they would vote against the move and others indicated they were likely to oppose it.
		Foreign & Colonial, CGU and the Norwich Union, which together control about 1pc of LucasVarity, said they would vote against the plans of Victor Rice, the chief executive, to move the company to Buffalo in New York state.
		LucasVarity has annoyed UK shareholders by sticking to the rule book and counting holders of American Depositary Receipts who do not vote as proxies in favour.
	www.money.telegraph.co.uk /htmlContent.jhtml?html=/archive/1998/10/28/cnluc28.html (273 words)

	An electric challenge to hydraulic steering - 6/1/1998 - Global Design News - CA110096 (Site not responding. Last check: 2007-10-12)
		The LucasVarity system, he estimates, could be fitted in four minutes on a production line.
		LucasVarity, therefore, uses a three-phase inverter to control motor phase currents, and hence torque.
		LucasVarity's EPAS system is targeted primarily at the European market where smaller cars dominate and the advantages of EPAS are greatest.
	www.designnews.com /article/CA110096.html (1285 words)

	Business Wire: TRW Reports First Quarter 1999 Results
		An increase in sales as a result of the inclusion of $106 million from LucasVarity was offset by a decrease in the space, defense and information systems business.
		The unusual items in the first quarter 1998 net earnings included a $31.5 million benefit from the settlement of certain patent litigation, offset in part by $21.8 million in charges for litigation, contract reserves, and severance costs relating to the combination of the company's systems integration business with BDM International, Inc., acquired in 1997.
		Including LucasVarity's aerospace business in 1999 and unusual items in the first quarter of 1998, segment profit before tax was $99.2 million in 1999, compared to $125.9 million in the first quarter of 1998.
	www.findarticles.com /p/articles/mi_m0EIN/is_1999_April_20/ai_54420659 (1328 words)

	Trw Inc. to Acquire LucasVarity plc
		TRW Inc. and LucasVarity plc today jointly announced that TRW will launch an all-cash tender offer to acquire all of the outstanding common shares of LucasVarity in a transaction that values LucasVarity at approximately $7.0 billion.
		LucasVarity's strong aerospace business extends the technological capabilities and customer base of our space, defense and information technology businesses, and adds significantly to our breadth.
		LucasVarity plc is a UK company with shares traded in London and, in the form of ADRs, on the New York Stock Exchange.
	www.theautochannel.com /news/press/date/19990128/press002983.html (999 words)

	Press Releases (Site not responding. Last check: 2007-10-12)
		Initially, LucasVarity Automotive Control Systems expects to supply the new wheel speed sensors from its Birmingham, England, facility for use in European designed vehicles with multi pole magnet targets incorporated into wheel bearing oil seals.
		Future developments include incorporation of a back-biased magnet to facilitate use with a toothed wheel rotating with the road wheel, the approach adopted in North America.
		Control Systems is a business of LucasVarity Automotive, a division of LucasVarity plc which designs, manufactures, and supplies advanced technology systems, products and services in the world's automotive and aerospace industries.
	www.accidentreconstruction.com /news/feb99/021099d.html (531 words)

	ARMAKLEEN NEWS (Site not responding. Last check: 2007-10-12)
		At LucasVarity Kelsey-Hayes, the switch from Product A to Product B represented a potential 188.5 hours saved annually and a 90 percent reduction in downtime (See Table II).
		LucasVarity Kelsey-Hayes has a main waste tank with the capacity to hold three dumps from their parts washer.
		The oil splitter separated out the oil from the wash bath and brought it to the top of the side tank, where it was removed by the oil skimmer.
	www.armakleen.com /_oldcontent/news/a9804xx.html (1068 words)

	AGI-Goldratt Institute - [Lucas Varity - Success with TOC]
		At the LucasVarity plant in Detroit, TOC was used to focus improvement efforts on the CT 120 Drum machining line that:
		With the increase in output rate and reduction in defects and scrap, the line was able to improve delivery performance to 100% while at the same time, reduce the number of hours worked (from seven days a week to five days a week).
		At the LucasVarity plant in Detroit, constraint capacity was increased two different ways.
	www.goldratt.com /lucas.htm (1632 words)

	Where LucasVarity is heading: September merger boosts technical and global capabilities
		With operations in 23 countries, LucasVarity is the world's second largest supplier of antilock braking systems (ABS) and a leading supplier of diesel engines and aerospace products.
		Less radical and nearer production is electronic brake management (EBM), which uses electronics to the point of applying proportional braking force to the individual wheels, and hydraulic fluid to enact mechanical actuating forces.
		LucasVarity currently is working on collision-avoidance systems that rely on video and radar to warn inattentive drivers via onboard computers of obstacles in front of, behind or to the sides of the car.
	waw.wardsauto.com /ar/auto_lucasvarity_heading_september (953 words)

	LucasVarity turns down Federal-Mogul offer - Jan. 25, 1999
		"We strongly urge you to reconsider your position," Federal-Mogul (FMO) Chairman and CEO Dick Snell said in a letter to LucasVarity executives.
		Snell had told LucasVarity chairman Edmund Wallis and CEO Victor Rice that Federal-Mogul was considering acquiring LucasVarity at 280 pence per share.
		LucasVarity reportedly has been holding separate merger discussions with TRW (TRW) and Tenneco (TEN), which Snell mentioned in his letter to Wallis and Rice.
	money.cnn.com /1999/01/25/companies/lucas (349 words)

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