Dell on Monday said it had signed a confidentiality agreement with investor Carl Icahn, who has vocally opposed the company's proposed plan to be acquired for $24.4 billion in a leveraged buyout. In a brief statement, Icahn Enterprises ...
LEXINGTON, Ky. — Bedding major Tempur-Pedic said Friday the Federal Trade Commission has approved its proposed acquisition of rival Sealy Inc. FTC clearance was the last major hurdle preventing the deal from being finalized, and ...
Tags: Bedding, Tempur-Pedic, acquisition
IT spending remained broadly strong throughout a difficult end to 2012, as business confidence waned in the shadow of the "fiscal cliff," economic growth declined in much of Europe, and economies in Asia/Pacific struggled to cope with ...
Tags: Electrical, Electronics, IT
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 ...
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The European Economic Advisory Group at CESifo (EEAG)* has released its twelfth Report on the European Economy today in Brussels. The international group of scholars expects world GDP to grow by 3.3 percent this year, up from 3.0 percent in ...
Tags: European Economy, GDP, economy
The international rating agency Fitch has downgraded Italy's long-term rating to 'BBB+' from 'A-'. The outlook on the long-term issuer default rating (IDR) is negative. According to Fitch’s press release, the inconclusive results of ...
Tags: Fitch, rating agency, long term rating
US-based Genuine Parts has signed a deal to completely acquire the Australia-based Exego Group for $800m. With the amount the company will acquire the 70% share of the Exego Group along with its debt, while 30% stake was acquired by the ...
Tags: Genuine Parts, Exego Group, acquisition
Bossini International Holdings Limited announces its interim results for the six months ended 31 December 2012. Revenue for the Group for the six months ended 31 December 2012 decreased by approximately 8% to HK$1,334 million (2011: ...
Tags: Bossini International Holdings Limited, interim results, 2013
IBM's announcement this week that it would base its cloud services on OpenStack may help establish the open-source platform as the standard in enterprises. IBM along with Hewlett-Packard, Dell, Cisco, Red Hat and Rackspace, which helped ...
Tags: IBM, OpenStack, open-source platform
US-based Del Monte Foods has reported that its net income marginally declined to $28.3m for the third quarter of fiscal 2013, compared to $28.6m for the same period of 2012. For the period ended 27 January 2013, the company's net sales ...
Tags: Del Monte Foods, net income, fiscal 2013
China's Ministry of Railways (MOR) is to be dismantled, according to a report read by Chinese Premier Wen Jiabao at the National People's Congress in Beijing on March 10. The original policy-making department of the Ministry of Railways ...
Tags: Railways, Railways Industry
Premier Foods faces six key challenges – including: managing consumer demand uncertainties, reducing its borrowing and grappling with its pension deficit – according to City analyst Investec. Commodity concern: Premier ...
Michael Dell is facing new opposition to his plan to take his eponymously named company private after "activist investor" Carl Icahn demanded a $15.7bn (£10.4bn) special dividend. The billionaire investor wants to force Dell to pay ...
Tags: Dell, Carl Icahn, company news
The private equity consortium led by KKR which bought NXP is selling another 25 million shares in the company. Last month it sold 30 million shares. The 30 million shares that were disposed of at around $30 each in February were sold to ...
Tags: KKR, NXP, company news
The Grundfos Group s annual results are showing increased net turnover, increased market share and an incredibly strong solidity. A range of new products paves the way despite unfavorable conditions in some markets. "We knew it would take ...
Tags: Grundfos Group, net turnover, market share