Specialty insurer ProAssurance has reached an agreement to purchase Eastern Insurance Holdings (EIHI), for $24.50 per share in an all-cash transaction valued at nearly $205m. Under the terms of the agreement, which is likely to conclude ...
Tags: Proassurance, Eastern Insurance
Smithfield Foods announced that its shareholders have voted in favor of proposed merger with China's Shuanghui International for $4.7bn, in a development which will be the largest ever takeover of a US company by a Chinese firm. At a ...
After giving a trading update for first-half 2013 in late July, epiwafer foundry and substrate maker IQE plc of Cardiff, Wales, UK has confirmed record revenue of £63m (up 84% from £34.3m for first-half 2012). EBITDA (earnings ...
Tags: IQE, Electrical, electronics
American General Life Companies, a part of AIG, has rolled out a highly flexible guaranteed universal life insurance policy, known as AG Secure Lifetime GUL II. Issued by American General and US Life Insurance Company in the City of New ...
Tags: American General, Life Insurance
Chilean financial institution CorpGroup is mulling over divestment of its insurance division to a pension fund manager, Inversiones La Construccion (ILC), in a deal worth approximately $165m. The company, which manages CorpBanca, said ...
UK-based Dairy Crest has confirmed plans to expand its milk processing plant at Davidstow, Cornwall, with an investment of £45m. The company plans to use the whey generated during the production of cheese at the Davidstow creamery ...
Tags: Dairy Crest, Food
Arla Foods, a Danish dairy company, has selected OmPrompt's customer automation management suite to manage order processing operations at its customer service department. The company's customer service department receives about 1,000 ...
Tags: Arla Foods, dairy company
Apogee Enterprises, Inc. APOG -1.35% on Sep 18, 2013 announced fiscal 2014 second-quarter results. Apogee provides distinctive solutions for enclosing commercial buildings and framing art. Operating income up 24 percent, EPS up 17 ...
Tags: Apogee, Quarter Results
Cooper Tire and Rubber Co. says it is assessing its options after an arbitrator blocked the sale of two of its plants to Apollo Tyres Ltd. The arbitrator upheld two grievances filed by the United Steel Workers (USW) in a ruling issued on ...
Tags: Cooper Tire, tyre, Auto Parts
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
German hackers claim to have breached the Apple iPhone 5S's fingerprint security. In a post on its website, German group Chaos Computer Club (CCC) describes how members of its biometric hacking team were apparently able to take a photo of ...
Tags: Apple Iphone, Computer Products
US-based Analogic has acquired the remaining ownership stake in PocketSonics for an initial cash payment of approximately $11m, with additional contingent payments of up to $3m based on the achievement of certain milestones related to the ...
Tags: Analogic, Pocketsonics
Butterkist, a UK-based popcorn brand, has collaborated with packaging company Benson has launched a design competition for its microwave range. The competition, launched for students, challenges them to chalk out a new, constructively ...
Canadian smartphone maker BlackBerry has agreed to a US$4.7bn takeover bid from a consortium led by its biggest shareholder, Fairfax Financial. In a statement released today, the company has signed a letter of intent agreement under which ...
Tags: Blackberry, Consumer Electronics, smartphone
Vitran announced today that it will sell its US LTL business, and will now focus on strengthening its Canadian operations. The company agreed to sell the US operations to a company owned by Ambassador Bridge - and multiple trucking ...
Tags: Transportation, Auto