Further complicating the picture, several factors might alter the influence of firm relatedness on stock market reactions to
joint venture announcements.
Chatham Lodging Trust owns interests in 74 hotels totaling 10,117 rooms/suites, comprised of 22 hotels it wholly owns with an aggregate of 3,022 rooms/suites in 12 states and the District of Columbia and holds a minority investment in two
joint ventures that own 52 hotels with an aggregate of 7,095 rooms/suites.
The follow-up by telephone interviews identified the names of the
joint ventures, enabling the elimination of any duplicate reporting of
joint ventures.
Second, LightPath has agreed to license certain of its technology to the
joint venture for which it will receive a 3% royalty based upon sales by the
joint venture.
As Mike Mack, COO of Syngenta Seeds has stated: "The formation of the GreenLeaf
joint venture is outstanding news for growers and the seed industry because it will make available a new and unique pool of corn and soybean traits and genetics from both companies' research efforts."
"Increasing our stake in this
joint venture further improves our ability to meet customer needs in the very important Turkish and European markets as well as leveraging our already strong global position," said Fred Bentley, president of Hayes Lemmerz' International Wheel Group.
have completed the separation and termination of their various
joint venture relationships.
Tokyo, Japan, Oct 18, 2005 - (JCNN) - Toyota Motor and Guangzhou Automobile Group announced on October 18 that they have reached an agreement to increase 2.0- to 2.4-liter automobile gasoline engine production by building a second plant at Guangqi Toyota Engine (GTE), a
joint venture they established in Guangzhou City, Guangdong Province, in February 2004.
China's largest pharmaceutical company and Reed Exhibitions (Norwalk, CT), the world's leading exhibition organizer, have agreed on a major
joint venture in the Chinese exhibition industry.
In January, U-Media, a
joint venture between SK Telecom and Japanese electronics giant Toshiba, began beaming 12 mobile-TV channels to handsets, which costs subscribers $11 a month.
The purchase price could be determined based on some objective valuation of the
joint venture at future date.