U.S. groups seen in talks to save Waterford Wedgwood

Tue Jan 6, 2009 5:35am GMT
 
Email | Print | | Single Page
[-] Text [+]

LONDON (Reuters) - Three U.S.-based parties are in talks to save china-maker Waterford Wedgwood after the Irish company called in receivers, the Financial Times said on Tuesday.

The heavily indebted maker of Waterford crystal, one of Ireland's most famous brands, failed to buy time from its creditors and on Monday asked for its shares to be suspended.

The Financial Times report said the accounting firm Deloitte, which is acting as Waterford's receivers, was in talks with three U.S. parties about selling the majority of its assets.

The newspaper cited unnamed sources described as close to the situation.

Deloitte in Ireland could not immediately be reached for comment.

(Reporting by John Bowker, editing by Leslie Gevirtz)

 
Trading specialists work at the Goldman Sachs booth on the floor of the New York Stock Exchange October 30, 2009.   REUTERS/Brendan McDermid
Insider sales not a sell signal

U.S. corporate bosses are likely to sell more of their companies' stock through to the end of the year, but that does not mean share prices have topped.  Full Article 

Photo

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives

Most Popular Business News on Reuters UK

  • Articles
  • Videos