On 30 September 2013, GPG announced the sale of its entire shareholding (33.6%) in TOWER Limited for £60.7million (NZ$118.3 million). TOWER Limited represented the last material investment for GPG (excluding Coats) and the imminent ...
All-stock transaction creating a new company as a merger of equals with combined market capitalization of approximately US$29 billion (¥2.8 trillion) Accelerates development of breakthrough products to address future technology ...
Tags: Applied Materials, Tokyo Electron
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, ...
BASF announced that its U.S. affiliate, BASF Corporation, is commencing a tender offer for the acquisition of Verenium Corporation, San Diego, California, at a cash offer price of US$4.00 for each Verenium share. The offer period is ...
Fairfax Financial Holdings has completed the acquisition of Bermuda-based specialty insurance company American Safety Insurance (ASI). Under the terms of the transaction, for each common share of American Safety its shareholders will ...
Looking to grow by acquisition? Or perhaps after many years in the industry you are ready to sell. Either way, finding the right fit in the seller-purchaser dynamic is critical. On October 16th, Mike McCarron, the well-known former owner of ...
Tags: Transportation, Auto Parts
National Oilwell Varco announced that its Board of Directors has authorized Company management to move forward with exploration of a plan to spin-off NOV?s distribution business from the remainder of the Company, creating two stand-alone, ...
Tags: Metallurgy, Mineral, Energy, Oil, Processing Machinery
GlaxoSmithKline’s sale of Lucozade and Ribena for £1.35bn earlier this month was the latest in a long line of iconic British brand sales topped by Cadbury. GlaxoSmithKline's sale of its drinks brands was the latest in a long ...
Tags: Timeline Tracks, Food Brands
Shuanghui International has acquired a US pork processor Smithfield Foods in an all-cash deal valued at $7.1bn, which includes the assumption of net debt. The deal received approval from Smithfield's shareholders at a special meeting held ...
Tags: Shuanghui International, pork
NIKE, Inc. reported financial results for its fiscal 2014 first quarter ended August 31, 2013. Strong demand for NIKE, Inc. brands propelled revenue growth, and diluted earnings per share grew faster than revenue due to gross margin ...
TransForce has submitted a proposal to Vitran's board of directors to acquire any outstanding shares of Vitran they don't already own for USD $4.50 per share in cash. TransForce said they made the proposal with the intention of "entering ...
Tags: Transportation, Auto Parts
US-based Stryker has announced a definitive agreement to acquire the medical device company Mako Surgical for $30.00 per share in cash with an aggregate purchase price of around $1.65bn. The acquisition is subject to customary closing ...
Tags: Stryker, Mako Surgical
TransForce has made a bid for Vitran, proposing a takeover at $4.50 per share. TransForce already controls 9.51% of the outstanding shares of Vitran. Vitran recently sold its US LTL division to the Moroun family in Detroit, which also ...
Tags: Transportation, Auto Parts
Taiwan LED packaging manufacturer Advanced Optoelectronic Technology (AOT) after being listed on the Gretai Securities Market on June 25th 2013, on September 25th held a shareholder’s meeting to appoint new chairman to the board. AOT ...
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