The first ProSource board of directors was announced here this week, marking the formal merger of the Progressive Retailers Organization (PRO Group) and the Home Entertainment Source (HES) buying groups. The announcement was made on the ...
Those who closely watch the Canadian transportation mergers and acquisitions scene have been bemoaning a lack of activity thus far in 2013. That silence was shattered in mid-November, beginning with the blockbuster acquisition of Yanke ...
Tags: Canadian, transportation, acquisition, merger
The Competition Commission of India (CCI) has announced that it has approved the proposed merger between Indian steelmakers Uttam Galva Steels Limited (UGSL) and Shree Uttam Steel and Power Limited (SUSPL). The CCI stated that the ...
Tags: steel, metallurgy
Plains All American Pipeline, L.P. (NYSE: PAA) ("PAA") and PAA Natural Gas Storage, L.P. (NYSE: PNG) ("PNG") today jointly announced the completion of the merger of PNG with a wholly-owned subsidiary of PAA, with PNG surviving the merger as ...
Tags: Plains All American Pipeline, PAA Natural Gas Storage, merger
Italian car maker Fiat is set to purchase remaining 41.4% stake in American automaker Chrysler Group in an agreement with the US auto workers' pension fund VEBA Trust for $3.65bn. The move forms part of the company's plan to merge both ...
Tags: FIAT, Chrysler Group
International credit rating agency Moody's has confirmed South Korea-based Hyundai Steel Co Ltd's Baa3 rating with a negative outlook. Moody's stated that the rating confirmation primarily reflects the positive impact that the merger ...
Tags: steel, metallurgy
Cooper Tire & Rubber Co. Cooper Tire & Rubber Co. said it will pursue a $112.5 million "reverse termination fee" after ending its attempt to acquire Apollo Tyres. The $2.5 billion acquisition deal had been in doubt for months after ...
Tags: Cooper, reverse termination fee, Apollo Tyres, acquisition
It is not surprising that tire industry analysts are re-evaluating the stock of Cooper Tire & Rubber Co. following the termination of its "merger agreement" with Apollo Tyres Ltd. on Dec. 30, 2013. Nick Mitchell, senior vice president for ...
Tags: tire, tyre, Auto Parts
Ikaria, Inc., a critical care company focused on developing and commercializing innovative therapies designed to address the significant needs of critically ill patients, announced today that its investor group and employee shareholders ...
Tags: Ikaria, sell the Commercial Business, Madison Dearborn Partners
Indonesia's state-owned oil and gas firm PT Pertamina aspires its net-profit to rise by 12.79 percent to 3.44 billion U.S. dollar next year as the revenue from downstream and upstream business spheres pick up, a statement from the company ...
Tags: State-Owned Oil, Energy
Sprint majority owner SoftBank plans to buy a majority stake in T-Mobile through Sprint with the apparent intent to combine the two carriers, Japan's Nikkei newspaper reported. The plan would a merged entity on a better competitive ...
Cooper Tire & Rubber Co. has terminated its merger agreement with Apollo Tyres Ltd. And Apollo is not happy about it. "Apollo is disappointed that Cooper has prematurely attempted to terminate our merger agreement," says the company. ...
Tags: tyre, tire, Auto Parts
Cooper Tire & Rubber Co. announced it has terminated the merger agreement with Apollo Tyres Ltd. "It is time to move our business forward," says Cooper CEO and Chairman Roy Armes. "While the strategic rationale for a business ...
Tags: Auto Parts, Accessories, tire, tyre
Cooper Tire & Rubber Co. said it will pursue damages against Apollo Tyres Ltd. in a webcast following the announcement of its decision to terminate the merger agreement. The company answered questions previously submitted by investors, ...
Tags: Auto Parts, tyre, tire
Paul Gertner, president of Starborn Industries, a manufacturer and distributor of fastening products, was named '2013 Lumber Person of the Year' by the New York Long Island Lumber Association (NYLILA) last month. Gertner was selected in ...
Tags: Paul Gertner, Starborn Industries, 2013 Lumber Person of the Year