Mergers & Acquisition

Mergers & Acquisition

Timken Acquires City Scrap and Salvage to Increase Supply Chain Efficiency for Its Steel Operations

January 3, 2011

CANTON, Ohio, Dec. 31, 2010 - The Timken Company (NYSE: TKR) today announced that its wholly owned subsidiary, TSB Metal Recycling LLC, has purchased substantially all of the assets of City Scrap and Salvage Co. in Akron, Ohio. City Scrap, which employs 30 people, has a longstanding relationship with Timken... Read More

Mergers & Acquisition

Lincoln Electric to Acquire Severstal Welding Business in Russia

January 3, 2011

CLEVELAND, Dec. 28, 2010 - Lincoln Electric Holdings, Inc. (Nasdaq: LECO) today announced that it has signed a definitive agreement to acquire OOO Severstal-metiz: welding consumables, a leading manufacturer of welding consumables in Russia and a subsidiary of OAO Severstal, one of the world's leading vertically... Read More

Mergers & Acquisition

MasTec Announces Significant Revision and Enhancement to Nsoro Acquisition Earn-out Terms

January 3, 2011

CORAL GABLES, Fla.,Dec. 28, 2010 - MasTec, Inc. (NYSE: MTZ) today announced that it has signed an amendment which significantly improves the Company's economics in the earn-out associated with the Nsoro acquisition, MasTec's wireless infrastructure construction and maintenance subsidiary. Under the revised terms... Read More

Mergers & Acquisition

FirstEnergy Sells 6.65 Percent Interest in Ohio Valley Electric Corporation

January 3, 2011

AKRON, Ohio, Dec. 28, 2010 - FirstEnergy Corp. (NYSE: FE) today announced that its FirstEnergy Generation Corp. subsidiary sold a 6.65 percent participation interest in the output of the Ohio Valley Electric Corporation (OVEC) to Peninsula Generation Cooperative, a subsidiary of Wolverine Power Supply Cooperative... Read More

Mergers & Acquisition

FTS Completes Its Sale of Its North American Business to PAETEC

January 3, 2011

FAIRPORT, N.Y. and Herzliya, Israel December 28, 2010 PAETEC Holding Corp. (NASDAQ GS: PAET), a FORTUNE 1000 company, and FTS Ltd. (LSE: FTS), a global provider of billing, customer care and policy control solutions for communications and content service providers, announced the completion of the sale of assets and... Read More

Mergers & Acquisition

Dynapower Corporation Acquires iTherm Technologies

December 30, 2010

iTherm Technologies is pleased to announce it has joined forces with Dynapower Corporation, a global leader in power conversionsystems located in South Burlington, Vermont. The move supports iTherm's commitment to continued growth and development in the field of induction heating, power supply design and advanced... Read More

Mergers & Acquisition

Regal Beloit Closes Unico Acquisition

December 30, 2010

BELOIT, Wis., Dec. 23, 2010 - Regal Beloit Corporation (NYSE: RBC) today announced the closing of its previously announced acquisition of Unico, Inc. Headquartered in Franksville, Wisconsin, Unico manufactures a full range of AC and DC drives, motor controllers, and other accessories ideally suited for most... Read More

Mergers & Acquisition

Demerger to Be Put to Shareholder Vote at General Meeting of Shareholders in May 2011

December 30, 2010

Separation will become effective shortly after General meeting December 26, 2010 - TNT has revealed that its preparation of the demerger transaction - which will separate TNT's Express and Mail operations - will continue unabatedly, with filing of documentation planned following the 2010 annual results. A General... Read More

Mergers & Acquisition

SunPower Completes Sale of 44-Megawatt Montalto di Castro Solar Park

December 30, 2010

SAN JOSE, Calif., Dec. 27, 2010 - SunPower Corp. (Nasdaq: SPWRA, SPWRB) today announced that it has completed the sale of its 44-megawatt (MW) Montalto di Castro solar park to a consortium of international investors that include MetLife, Fondo PPP Italia (managed by Fondaco SGR S.p.A and advised by Equiter S.p.A... Read More

Mergers & Acquisition

L.B. Foster Completes Tender Offer for Shares of Portec Rail Products, Inc.

December 29, 2010

PITTSBURGH, Dec. 22, 2010 - L.B. Foster Company ("L.B. Foster", Nasdaq: FSTR) today announced the expiration of the subsequent offering period offered by its wholly-owned subsidiary, Foster Thomas Company, for its cash tender offer for all outstanding shares of common stock of Portec Rail Products, Inc. ("Portec... Read More

Mergers & Acquisition

Raytheon Company Recommends Rejection of Below-Market Mini-Tender Offer for Raytheon Shares by TRC Capital Corporation

December 29, 2010

WALTHAM, Mass., Dec. 22, 2010 - Raytheon Company (NYSE: RTN) has received notice of an unsolicited "mini-tender offer" by TRC Capital Corporation to purchase from Raytheon Company shareholders up to two million shares of Raytheon Company common stock, representing approximately 0.5 percent of Raytheon's outstanding... Read More

Mergers & Acquisition

Qiao Xing Universal's Subsidiary Signed Definitive Agreement to Complete the Acquisition of the 100% Equity Interest of a Lead-zinc-Copper Mining Company

December 29, 2010

HUIZHOU, China, Dec. 23, 2010 - Neither the U. S. Securities and Exchange Commission nor any state securities commission has approved or disapproved of the Proposed Offer (defined below) or securities to be issued in connection therewith, or passed upon the adequacy or accuracy of this press release, or the merits... Read More

Mergers & Acquisition

Motorola Mobility Acquires Zecter

December 29, 2010

Acquisition to Enhance Motorola Mobility with Personal Cloud Server and Synch Technologies LIBERTYVILLE, Ill., Dec. 22, 2010 - Motorola Mobility, Inc., a wholly-owned subsidiary of Motorola, Inc. (NYSE: MOT), today announced that it has acquired Zecter, Inc., a leading start-up with synchronization and streaming... Read More

Mergers & Acquisition

Demmer Investments Announces the Acquisition of Quality Tool

December 29, 2010

ST. PAUL, Minn. - Quality Tool, Inc. ("Quality Tool") has been acquired by Demmer Investments IV, Inc., an entity formed by the shareholders of Demmer Corporation ("Demmer"). Terms of the sale were not disclosed. HIGHLIGHTS For over 50 years, St. Paul, Minnesota-based Quality Tool has been a leading provider of... Read More

Mergers & Acquisition

Univar Completes Acquisition of Basic Chemical Solutions

December 28, 2010

Mark Byrne Joins Univar as Chief Operating Officer REDMOND, Wash., Dec. 20, 2010 - Univar Inc., a leading global chemical distributor, announced today that it has completed the acquisition of Basic Chemical Solutions, L.L.C. (BCS), a global distributor and trader of commodity chemicals. Concurrent with the close of... Read More

Mergers & Acquisition

Williams Partners Completes Latest Acquisition of Midstream Assets in Marcellus Shale

December 28, 2010

TULSA, Okla., Dec. 21, 2010 - Williams Partners L.P. (NYSE: WPZ) announced today that it has completed the acquisition of Cabot Oil & Gas Corporation's (NYSE: COG) midstream assets in Susquehanna County, Pa., for $150 million. The assets include approximately 75 miles of gathering pipelines and two compressor... Read More

Mergers & Acquisition

RPM Business Acquires UK-Based Provider of Drainage Systems

December 28, 2010

MEDINA, Ohio, Dec. 21, 2010 - RPM International Inc. (NYSE: RPM) today announced that its RPM Performance Coatings Group has acquired Pipeline & Drainage Systems Ltd. (PDS), a leading supplier of curb, bridge and channel drainage products for construction and infrastructure markets, primarily in the United Kingdom... Read More

Mergers & Acquisition

LyondellBasell Sells Flavors and Fragrances Business to Pinova Holdings, Inc.

December 28, 2010

ROTTERDAM, Netherlands, Dec. 22, 2010 - LyondellBasell (NYSE: LYB) today announced that Pinova Holdings, Inc. has purchased LyondellBasell Flavors & Fragrances, LLC in a transaction which closed today. "This divestiture is consistent with our objective to focus on developing our core businesses of olefins and... Read More

Mergers & Acquisition

CoreLogic Announces Sale of First Advantage Businesses

December 28, 2010

Executing on its strategy to focus on core businesses SANTA ANA, Calif., Dec. 23, 2010 - CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today announced an agreement to sell its Employer Services and Litigation Support businesses. The businesses will be acquired by... Read More

Mergers & Acquisition

Dover to Acquire the Sound Solutions Business Line of NXP

December 28, 2010

DOWNERS GROVE, Ill., Dec. 22, 2010 - Dover Corporation (NYSE: DOV) announced today it has signed a definitive agreement to acquire the Sound Solutions business line of NXP Semiconductors N.V. (Nasdaq: NXPI). Sound Solutions, which is headquartered in Vienna, Austria, will become part of Itasca, Illinois based... Read More