FedEx Corporation (FedEx) and TNT Express N.V. (TNT Express) have reached conditional agreement on a recommended all-cash public offer of €8.00 (AUD 11.40) per ordinary TNT Express share. The Offer Price represents a premium of 33% ...
Tags: FedEx, TNT Express, all-cash public offer
IBM has signed a multimillion-dollar agreement with Coca-Cola Amatil (CCA) to move its Asia Pacific customer planning and relationship management systems to the IBM Cloud. Hosting the workloads in IBM’s two SoftLayer cloud centres in ...
Tags: IBM, Coca-Cola Amatil, IBM Cloud
Berkshire Hathaway has signed a deal to acquire 8.7% stake in Axalta Coating Systems from Carlyle Group for $560m. Under the stock purchase agreement, Berkshire Hathaway will purchase 20 million Axalta's common shares at $28 each. The ...
Posted in Medical Device Business by Chris Newmarker on April 3, 2015 Robert Cascella was previously CEO of Hologic. He joins Philips as the Dutch multinational increasingly focuses on what it calls HealthTech. Robert Cascella, who ...
Tags: Philips, LED components, Medicine
Sequential Brands Group said it will acquire a majority interest in the Jessica Simpson brand, including the Jessica Simpson Collection master license and other rights. Brand founder Jessica Simpson, who selected Sequential as her new ...
Royal Philips NV of Amsterdam, The Netherlands (the world's largest lighting producer) has agreed to sell an 80.1% stake in its combined LED components and Automotive lighting business to GO Scale Capital, a new growth-stage investment fund ...
Tags: Lumileds, Royal Philips, Electronics
Arcus Hunting, LLC, a Bregal Partners company, has completed its acquisition of premium bow maker Obsession Archery, Inc. Dennis and Angela Lewis, the company’s founders, will continue to lead Obsession following the acquisition. ...
Tags: Arcus Hunting, Obsession, Sporting Goods
South African private equity firm Ethos Private Equity has completed its previously announced acquisition of the tissue and corrugate division of Africa-based Nampak for an undisclosed amount. Both the divisions will be made autonomous ...
Tags: Ethos, FMCG business, Packaging
Mexican corn miller and tortilla producer Gruma has acquired the European unit of US-based Azteca Foods in a €45m deal. The acquisition includes all shares and ownership interests representing the capital stock of Azteca Foods ...
Tags: Gruma, wheat products, Food
RPM International Inc. has announced that its Rust-Oleum Group has acquired Spraymate Group, producer of South Africa’s leading aerosol paint brand. Spraymate is based in Randvaal, South Africa outside Johannesburg. Terms of the ...
Royal Philips has announced that it has signed an agreement with a consortium led by GO Scale Capital through which it will acquire an 80.1% interest in Philips' combined LED components and automotive lighting business, with Philips ...
Tags: automotive lighting, Philips, LED
Dutch multinational announces sale of its LED components and automotive lighting business as it turns toward new HealthTech focus. Chris Newmarker Royal Philips has set the wheels in motion when it comes to a split-up of the company ...
The State Council, China's cabinet, has promised policies to boost e-commerce, including through cutting red tape and liberalizing investment rules covering a sector it recognizes as very important to the economy. E-commerce is ...
Tags: China's cabinet, e-commerce
Rigid plastic packaging manufacturer will be acquiring the APPE Packaging Division of La Seda de Barcelona Group for €360m. The amount includes a gross up of €65m of accounts payable that will be discounted from the bid which ...
Tags: Plastipak Packaging, Printing
Axway will be enhancing its advanced B2B gateway solution for the automotive industry, Axway TradeSync Integration Manager (TSIM). The changes in the technology will help automotive Original Equipment Manufacturers (OEMs) and first tier ...
Tags: Axway, B2B, Auto Parts