Leggett & Platt expects to record a $108 million pre-tax, non-cash goodwill impairment charge for the second quarter. This charge reflects the complete write off of the goodwill associated with the Store Fixtures group, which is part of the ...
Tags: Leggett&Platt, Apparel, Accessories
Johnson & Johnson has found a private equity firm willing to pay $4.15 billion for its Ortho Clinical Diagnostics division, which provides blood-testing equipment and chemicals. One would think that blood testing should be a booming ...
Tags: Get out of Blood Testing Tech, J&J
Foster Wheeler AG (Nasdaq:FWLT) (“Foster Wheeler” or the “Company”) today confirmed that, following a comprehensive review of strategic alternatives, it has provisionally agreed with AMEC plc (“AMEC”) on ...
Tags: Foster Wheeler, AMEC, non-binding outline terms, business combination
Foster Wheeler AG confirmed that, following a comprehensive review of strategic alternatives, it has provisionally agreed with AMEC plc (“AMEC”) on non-binding outline terms concerning a possible business combination of the ...
Tags: Non-Binding Terms, Foster Wheeler
POET Technologies Inc of Toronto, Canada – which, through subsidiary OPEL Defense Integrated Systems (ODIS Inc) of Storrs, CT, USA, has developed the proprietary planar-optoelectronic technology (POET) platform for monolithic ...
Tags: ODIS, POET Technologies, POET
Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to provide the following operational update related to our current Phase VI Glacier Development program and an update on our strategic alternatives process. Our Phase VI ...
Tags: Advantage, oil, gas, fuel, Glacier production
Alvopetro Inc. ("Alvopetro" or the "Company") announces that it has closed a transaction with Petrominerales Ltd. ("Petrominerales") to sell its 25 percent interest in 10 exploration blocks located in the Reconcavo Basin and three marginal ...
Faced with slumping sales, Solta Medical (Hayward, CA) may be looking for a suitor. The aesthetic medical device manufacturer may cut jobs or put itself up for sale in an effort to improve its finances. Solta focuses on devices for skin ...
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The DuPont Co. said strong demand for agricultural products in Latin America offset weak pricing for a key industrial pigment in contributing to an increase in third-quarter earnings. The Wilmington chemical company reported net income of ...
Tags: DuPont, report, third quarter
MGP Ingredients, Inc. (Nasdaq:MGPI) (the "Company") today announced that the Special Committee of MGP's Board of Directors (the "Special Committee") has concluded its previously announced review of the Company's strategic alternatives. ...
Tags: MGP, strategic alternative, review
Fairfax Financial Holdings, the Canadian investment fund leading a takeover of smartphone maker BlackBerry, is to invest $250m in BlackBerry via a $1bn private placement of convertible debenture. The financing move marks the close of ...
Sears Holdings Corp. announced it may spin off its Sears Auto Center (SAC) business from the rest of the company. The company believes that "SAC has a unique national footprint that can be leveraged to create significant value," according ...
Tags: Auto Parts, auto
DuPont advanced its transformation to a higher growth, higher value company as its Board of Directors authorized management to execute a full separation of its Performance Chemicals segment, which includes the Titanium Technologies and ...
Tags: DuPont, Chemicals Division
Carlisle Companies Inc. is selling Carlisle Transportation Products (CTP) to American Industrial Partners (AIP) of New York, N.Y., for $375 million in cash. The transaction is subject to customary closing conditions, including regulatory ...
Vitran announced today that it has entered into an agreement to sell its U.S. LTL business to a company owned by Matthew Moroun, son of Ambassador Bridge owner Manuel 'Matty Moroun. "For the last several years, Vitran has invested ...
Tags: Transportation, Auto Parts