Metso Corporation’s Extraordinary General Meeting (EGM) held in Helsinki, October 1, 2013, approved the Board of Directors’ proposed plan for partial demerger and decided to demerge Metso into two companies. Metso’s Pulp, ...
Total assets of joint-stock banks hit CNY 2.601 billion at the end of August, growing 22.5% over a year earlier, up 0.4 percentage points over the growth in July and accounting for 18.4% of total assets of banking institutions, according to ...
Tags: Joint-Stock Bank
The takeover of Klenk by the US investment company The Carlyle Group was completed on 30 August 2013; this marks the conclusion of the M&A process involving Klenk that had been underway since autumn 2012. According to a report from ...
Tags: Construction, Decoration
BASF Corporation has entered into an agreement to commence a cash tender offer for all of the outstanding shares of common stock of the biotechnology company Verenium Corporation [Nasdaq: VRNM] for $4.00 per share. Based on all outstanding ...
Tags: Construction, Decoration
The Sherwin-Williams Company SHW has completed the acquisition of the U.S./Canada business of Consorcio Comex, S.A. de C.V. Sherwin-Williams will pay $90 million in cash and assume liabilities currently valued in the range of $75 million. ...
Tags: Sherwin-Williams, Construction
Huntsman Corporation and Rockwood Holdings, Inc. announced that they have entered into a definitive agreement whereby Huntsman will acquire Rockwood’s Performance Additives and Titanium Dioxide (TiO2) businesses. Under the terms of ...
City analysts remain doubtful about media reports speculating Premier Foods is considering selling its Hovis brand to the world's biggest baker Grupo Bimbo. Panmure Gordon was sceptical about rumours suggesting Grupo Bimbo will acquire ...
Tags: Agriculture, Food
The energy efficient lighting standard for LED lamps and fixtures set by Design Lights Consortium (DLC) is gaining wider acceptance by utility companies for rebate. However, most people may not be aware that the standard itself is still ...
Tags: Lights, Lighting, LED, LED tube lamps, LED tubes
Furniture Brands Canada has declared bankruptcy and all of its salaried employees have been let go. The move was made after its U.S. parent company sought Chapter 11 court protection from its creditors earlier this week. Furniture Brands ...
Tags: Furniture, Furnishing
Zumbotel 1Q13 Financial Result Highlights: Dynamic growth with LED products continues (+49.7%) First-quarter revenues 4.4% down at EUR 309.3 million (prior year: EUR 323.4 million) Adjusted EBIT rises 40.7% to EUR 17.7 million (prior ...
Tags: LED, LED lighting, Lights, Lighting
Signalling a key vote of faith in debt-laden Premier Foods, leading City analyst Shore Capital has upgraded its advice on the firm's stock from 'hold' to 'buy'. The Power Brands' ability to deliver continued sustained growth will be a key ...
Tags: Agriculture, Food
Baxter International has acquired Flowsense Medical, a portfolio company of Trendlines Group for approximately $9.5m, including liabilities. Flowsense Medical manufactures automated, continuous urine monitor systems. The company's URINFO ...
Tags: Baxter, Flowsense Medical
Youngevity Essential Life Sciences, a wholly-owned subsidiary of Youngevity International, has agreed to acquire certain assets and liabilities of a global food company GOFoods Global, for an undisclosed amount. The acquisition will ...
Tags: GOFoods, Youngevity
As planned, the US-American DIY-superstore concern Lowe's completed the takeover of the insolvent DIY-chain Orchard Supply Hardware Stores by the end of August. Lowe's reports that the purchase price was US$205m plus the assumption of ...
Tags: Construction, Decoration
Insurance products and services provider Randall & Quilter Investment Holdings has closed the acquisition of the entire issued share capital of Woodcroft Insurance Company. Woodcroft, which has been captive insurer for John Laing, wrote ...