Last updateWed, 25 Nov 2020 4pm

Tyco International Increases Quarterly Dividend 33% to 20 Cents per Share

Tyco International Ltd. announced that its Board of Directors approved an increase in the company's quarterly dividend to 20 cents per share for the first quarter of fiscal 2009. The new quarterly dividend represents a 33% increase over the current quarterly dividend of 15 cents and follows a 36% dividend increase announced in September 2007. 

Source: Tyco

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American International Industries Announces Definitive Asset Purchase Agreement With Shumate Industries

American International Industries, Inc. and Shumate Industries, Inc. announced that they have signed the Asset Purchase Agreement, whereby AMIN has agreed to purchase the assets of Shumate Machine Works Corporation, a subsidiary of SHMT, for approximately $6.7 million in cash. The closing of the proposed transaction is scheduled for October 1, 2008, subject to certain closing conditions.

Source: TMC Net

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Thieves Steal Thousands of Dollars in Valves

An Exeter company is out nearly $3,000 in metal valves and stems after thieves struck an orchard near Visalia.

Ranch manager Wes Blake told a deputy that sometime between 3 p.m. Sunday and 10 a.m. Tuesday, an unknown person removed 35 2-inch Red Valves with brass stems and 133 3-inch Red Valves and Fresno Valves from three blocks of orchards in the area.

Source: Porterville (CA) Recorder

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Robert Leggett Named Chief Operating Officer of Mueller Water Products

Robert G. Leggett has been named chief operating officer of Mueller Water Products. He will be responsible for the day-to-day operations of Mueller Water Products' three divisions: Mueller Co., U.S. Pipe and Anvil, Int'l., with the division presidents reporting directly to him. 

Source: Mueller Water Products

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Fieldbus Foundation Demonstrates SIF Technology at Shell Global Solutions

The Fieldbus Foundation has conducted a successful end user demonstration of its Foundation for safety instrumented functions (SIF) technology. Held at the Shell Global Solutions technology centre in Amsterdam, the SIF demo attracted process automation end users and equipment suppliers from around the world.

Companies participating in the SIF demonstration working group included Dresser-Masonelian, Emerson Process Management, Metso Automation and TopWorx.

Source: SA Instrumentation & Control

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