China-based large-size solar firm Suntech Power Holdings announced that on March 18, 2013, a group of eight China-based banks filed a petition for insolvency and restructuring of its China subsidiary Wuxi Suntech Power Holdings (Wuxi ...
Tags: solar firm, solar, Suntech
Suntech Power Holdings, a China-based solar firm, has announced that it has received from the trustee of its 3% convertible notes a notice of default and acceleration relating to Suntech's non-payment of the principal amount of US$541 ...
Tags: solar firm, solar, Suntech
Gardner Denver, Inc. and Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, “KKR”) today announced that the companies have entered into a definitive merger agreement in a transaction valued at approximately $3.9 ...
Tags: Gardner Denver, Kohlberg Kravis Roberts, merger agreement
Premium pen marketer A.T. Cross Company has announced plans to explore “strategic alternatives” for its Cross Accessory Division. The Cross Accessory Division is a market leading provider of Cross fine writing instruments and ...
True Religion Apparel, Inc. announced financial results for the quarter and year ended December 31, 2012. “As we start 2013, our plan is to enhance our men’s merchandise offering with sportswear innovation and re-establish the ...
Actian, formerly Ingres, is to acquire Pervasive Software, a vendor of cloud-based and on-premises software for data management and analysis. The deal is targeted at the growing big data market. Under the terms of a definitive agreement ...
Tags: Actian, Pervasive Software, software, data management
US retailer Supervalu has downplayed reports it is "nearing" a deal that would see Cerberus Capital Management buy some parts of the firm and take a stake in the rest of the company. According to a Wall Street Journal report citing ...
Tags: Supervalu, Cerberus Capital Management, company news, sales and profits
A U.S. appeals court on Wednesday reversed an order by the U.S. International Trade Commission that ruled that Nokia did not infringe two wireless cellular patents of InterDigital Technology Corporation. The U.S. Court of Appeals for the ...
A sale of Supervalu to private-equity firm Cerberus Capital Management could lead to a break-up of the US retailer, sources have told Reuters. Buyout firm Cerberus is reported to be preparing a takeover bid for Supervalu, with an eye ...
Tags: Supervalu, takeover bid, Buyout, falling sales
US retailer Supervalu Inc has kicked off a "strategic review" of its business, which could include a sale of the company, after another quarter of falling sales. Supervalu, which has around 4,400 stores in the US, is looking at "strategic ...
Tags: Supervalu, strategic review, falling sales, sale of the company
Gardner Denver, Inc. reported third quarter 2012 revenues of $548.5 million, down 11% compared to the prior year third quarter (down 7% excluding the impact of foreign exchange). Operating income for the third quarter of 2012 was $89.1 ...
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Industrial machinery maker Gardner Denver Inc yesterday confirmed media reports that it is exploring a sale, a deal which would value the US industrial machinery maker over $3 billion. Reacting to a Reuters report, the 150 year-old company ...
Tags: Market View, industrial machine
Sycamore Networks(NASDAQ--SCMR),whose optical switches and telecom software have powered carrier networks around the world since 1998,says it is shutting down.The company is selling off assets of its Intelligent Bandwidth Management ...
Tags: Sycamore Networks, Intelligent Bandwidth Management business
True Religion Apparel Inc.announced that after receiving indications of interest from third parties regarding a potential transaction with the Company,the Board of Directors has formed a Special Committee comprised of its non-management ...
Tags: True Religion Apparel, transaction, jeans, Special Committee
Nexxus Lighting Inc. unveiled a $6 million investment from Aston Capital LLC and said the private equity firm's Chairman and Chief Executive Robert LaPenta will become Nexxus's new chairman. Upon the closing of Aston's investment, all of ...
Tags: LED light