Previous Close | 83.15 |
Open | 83.60 |
Bid | 87.20 x N/A |
Ask | 87.30 x N/A |
Day's Range | 83.20 - 88.20 |
52 Week Range | 55.50 - 88.20 |
Volume | |
Avg. Volume | 284,093 |
Market Cap | 15.915B |
Beta (5Y Monthly) | 0.98 |
PE Ratio (TTM) | 24.81 |
EPS (TTM) | 3.50 |
Earnings Date | Feb 16, 2024 |
Forward Dividend & Yield | 0.53 (0.61%) |
Ex-Dividend Date | Apr 11, 2024 |
1y Target Est | 82.80 |
BRUSSELS (Reuters) -EU antitrust regulators on Tuesday accused Irish insulation maker Kingspan of providing incorrect and misleading information during its proposed acquisition of Slovenian rival Trimo in 2021, putting it at risk of a hefty fine. The European Commission, which has in recent years handed out hefty fines to companies for similar offences, said it had sent a statement of objections, in effect a charge sheet, setting out its concerns to Kingspan. "The Commission takes the preliminary view that Kingspan intentionally, or negligently, provided incorrect, incomplete and misleading information with respect to basic facts related to Kingspan's internal organisation," the EU competition enforcer said in a statement.
Irish construction company Kingspan on Wednesday confirmed media reports that it had recent, informal discussions about a tie-up with rival Carlisle Companies, but that there was currently no active engagement between the companies. Bloomberg News reported on Sunday that Scottsdale, Arizona-based Carlisle had rebuffed an informal approach by Kingspan to combine the companies, but that Carlisle signalled it would be open to at least reviewing a more attractive offer. Carlisle did not respond to a request for comment on the report.