View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
July 16, 1990


By CBR Staff Writer

There has been substantial rearrangement of the cross shareholdings between Sanderson Electronics Plc and its 49%-owned affiliate General Automation Inc in which paper transactions totalling $2.6m from Sanderson to the General leave the Sheffield company $875,000 out of pocket. Core of the deal is that Sanderson buys 55% of the UK subsidiary, General Automation Ltd for $2.6m: the business did $210,000 on sales of $13.7m in the year to June 30, 1989. But $875,000 goes straight back to Sanderson in a deal under which General Automation buys another 21.7% of SGA Pacific Ltd, the jointly owned Antipodean Pick-popper, taking the General’s holding up to 51% and leaving Sanderson with 27%, the balance being held by the local principals. Another $875,000 goes back to Sanderson to pay off part of the Anaheim firm’s outstanding debt to Sanderson, and General Automation will be left with $850,000 for working capital.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.