(Sharecast News) - Renold announced the acquisition of Italian transmission chain manufacturer Ognibene for €10m in cash on Wednesday, expanding its presence in the Italian and wider southern ...

Industrial chain manufacturer Renold, which is the subject of a recommended takeover offer, has bought a long-established Italian counterpart in a deal worth £10m. The international supplier of ...

Renold has a twelve month low of GBX 35.19 ($0.46) and a twelve month high of GBX 66.33 ($0.86). The company has a fifty day moving average of GBX 45.49 and a 200-day moving average of GBX 49.68.

The Manchester, England-based supplier of industrial chains and related power-transmission products said the offer, which represents a 50% premium to Renold's closing price on May 19, the day ...