MILAN, Italy (June 5)—Manuli Rubber Industries S.p.A. is the subject of a "voluntary takeover bid" launched May 23 by FINM e Figli S.R.L.—a Manuli family company. Manuli Rubber will issue an opinion on the bid after examining the details with the help of a soon-to-be-appointed adviser, according to a May 28 statement from the group's board. Manuli Rubber is multinational supplier of components for the automotive, hydraulic and oil and marine industries. The 32-year-old firm posted operating earnings of $57.5 million on consolidated sales of $328 million in 2002.
Manuli Rubber target of takeover bid
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