Alfa Laval struggles to calm asbestos fears 4 Nov 2002 Why weren t the asbestosrelated claims disclosed in the prospectus of the Swedish engineer s IPO? Whether or not the claims are material, the company's credibility has suffered. If they are, the underwriters may be at risk.
There may be money to be made in ABB’s shorter-dated debt if fears of a cash crunch are overdone. 28 Oct 2002
Who will ride to ABB’s rescue? 24 Oct 2002 But the struggling engineering group may find knights in shining armour: Credit Suisse, Barclays and Citigroup. Shareholders would be mad to put in equity, lenders barmy to extend new credit.
ABB is not on the brink of collapse 23 Oct 2002 The SwissSwedish engineer is at the mercy of its banks. But they may help out. However, the banks may demand security over ABB's assets. That's not great news for bondholders.