Epic & Msn data
| Epic |
MGCR |
| Time: |
16:35:05 |
| Mid Price: |
96.00 |
| Change Today: |
0.50
 |
| Change % Today: |
0.52 |
| Fifty Two Week High: |
235.00 |
| Fifty Two Week Low: |
67.75 |
| Market Capital: |
259.40 |
Period & price data
| Period |
Price |
| Now: |
96.00 |
| 3 Months ago: |
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| 6 Months ago: |
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| 1 Year ago: |
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Morgan Crucible designs and manufactures materials, technical and insulating ceramics and carbon for the aerospace, power generation, satellite communications, body armour, train and fire protection systems markets.
Morgan Crucible to take majority stake in NP Aerospace
The Morgan Crucible Co PLC said it is increasing its equity stake in NP Aerospace to 60 percent from 49 percent by acquiring an 11 percent stake from the management and employee benefit trust for £12.2 million.
NP Aerospace is a Coventry-based composite technical moulding and vehicle integration business that develops, manufactures and markets ballistic protective and other composite products in the defence and civil sectors.
The transaction for this 11 percent tranche of equity has been accelerated from the timetable in the original investment agreement of August 2007. Management and the employee benefit trust retain 40 percent and a phased process is in place for Morgan Crucible to acquire this remaining equity in four equal annual instalments starting in early 2010. The price for the future equity purchases will continue to be based on 7.25 times the EBITDA of the company for the relevant calendar year.
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