Mergers & Acquisition

Mergers & Acquisition

Global Crossing Acquires Genesis Networks

November 4, 2010

Strategic acquisition adds innovative video solutions in broadcast, media, special event and entertainment customer segments FLORHAM PARK, N.J., Nov. 1, 2010 -- Global Crossing (Nasdaq: GLBC), a leading IP solutions provider with the world's first integrated global IP-based network, today announced that it has... Read More

Mergers & Acquisition

Lufkin Industries Announces Acquisition of Petro Hydraulic Lift Systems

November 4, 2010

LUFKIN, Texas,Nov. 1, 2010 - Lufkin Industries, Inc. (Nasdaq: LUFK) today announced that it has acquired the operating assets of Petro Hydraulic Lift Systems, LLC (PHL) and certain related companies. PHL, based in South Louisiana, specializes in the design, manufacture and leasing of hydraulic rod pumping units for... Read More

Mergers & Acquisition

IBM Closes Acquisition of BLADE Network Technologies

November 4, 2010

ARMONK, N.Y., Oct. 29 - IBM (NYSE: IBM) today announced it has closed the acquisition of BLADE Network Technologies (BLADE), a privately held company based in Santa Clara, CA. Financial details were not disclosed. The companies announced on September 27, 2010 a definitive agreement to pursue the acquisition. BLADE... Read More

Mergers & Acquisition

Webroot Acquires Prevx

November 4, 2010

Two Cloud Security Leaders Join Forces to Transform How Security is Delivered BOULDER, Colo., Nov. 1, 2010 - Webroot, the first Internet security service company, today announced it has acquired Prevx, provider of the world's most scalable and effective cloud-based anti-malware solutions. Webroot will integrate... Read More

Mergers & Acquisition

Phoenix Receives Proposal from the Gores Group to Acquire the Company for $4.20 Per Share in Cash

November 4, 2010

Phoenix Receives Proposal from the Gores Group to Acquire the Company for $4.20 per Share in Cash MILPITAS, Calif., Oct. 29 -- Phoenix Technologies Ltd.(Nasdaq: PTEC), the global leader in core systems software (CSS), today announced it has received an unsolicited proposal from the Gores Group to acquire all... Read More

Mergers & Acquisition

Regal Beloit Acquires Majority Interest in Elco Group B.V.

November 3, 2010

November 1, 2010 (BELOIT, WI): Regal Beloit Corporation (NYSE: RBC) today announced that it has acquired 55% of Elco Group B.V. ("Elco"). Elco manufactures and sells motors, fans and blowers and has manufacturing facilities in Italy, China, and Brazil. Elco's management will continue to lead the company following... Read More

Mergers & Acquisition

Acquisition Combines Two Well-Respected Names in the Cutting Tool Industry

November 3, 2010

(Bedford, IN - Oct. 27, 2010) Whitney Tool Company of Bedford, Indiana announces the acquisition of Cogsdill Enterprises of Walled Lake, Michigan. Both companies enjoy long-term reputations for excellent quality and customer service. The announcement comes as Whitney Tool celebrates its 40th year as a... Read More

Mergers & Acquisition

Spectrum Control Completes Acquisition of Summit Instruments, Inc.

November 2, 2010

FAIRVIEW, Pa., Oct. 29 -- Spectrum Control, Inc. (Nasdaq: SPEC), a leading designer and manufacturer of custom electronic products and systems, announced today that it has acquired all of the outstanding common stock of Summit Instruments, Inc. ("Summit"). Dick Southworth, Spectrum Control's President and Chief... Read More

Mergers & Acquisition

Codexis Acquires Maxygen Directed Evolution Intellectual Property Portfolio; Biofuels Payments to Maxygen End, Codexis Fields of Use Expand

November 2, 2010

REDWOOD CITY, Calif., Oct. 28 -- Codexis, Inc. (Nasdaq: CDXS) today announced that the company has acquired the directed evolution intellectual property portfolio of Maxygen, Inc. (Nasdaq: MAXY) for $20 million in cash. With this transaction, Codexis no longer has any obligations to make payments to Maxygen... Read More

Mergers & Acquisition

Healthy Order Intake, Further Sales Growth, Substantial Rise in Orders in Hand.

November 1, 2010

In the first nine months of the current financial year, the Mikron Group acquired new orders totalling CHF 171.5 million (+94.2% compared to previous year's low level), while sales rose 8.7% to CHF 124.3 million. Order backlog increased by 100.4% to CHF 94.8 million, achieving a much broader product and geographical... Read More

Mergers & Acquisition

Spectrum Control Signs Definitive Agreement to Acquire Summit Instruments, Inc.

November 1, 2010

FAIRVIEW, Pa., Oct. 27 -- Spectrum Control, Inc. (Nasdaq: SPEC), a leading designer and manufacturer of custom electronic products and systems, announced today that it has signed a definitive agreement to acquire all of the outstanding common stock of Summit Instruments, Inc. ("Summit"). Based in Akron, Ohio... Read More

Mergers & Acquisition

TriMas' Lamons Business Announces Agreement for Bolt-On Acquisition and Continued Sales and Service Center Expansion

November 1, 2010

BLOOMFIELD HILLS, Mich., Oct. 28 -- TriMas Corporation (Nasdaq: TRS) - a diversified global manufacturer of engineered and applied products - today announced that it has agreed to acquire the stock of South Texas Bolt & Fitting, Inc. (STBF) for the purchase price of $18 million, payable in cash at closing. The... Read More

Mergers & Acquisition

Zim Corporation Announces Technology Acquisition Purchase

November 1, 2010

Zim Corporation purchases all technology assets of Torch Technologies - enhances its database migration product and services offering. OTTAWA, Oct. 27 - Zim Corporation (OTCBB: ZIMCF), a provider of software products and services for the database and mobile markets, today announced its acquisition of the... Read More

Mergers & Acquisition

Boston Scientific Completes Acquisition of Asthmatx

November 1, 2010

NATICK, Mass., Oct. 26 -- Boston Scientific Corporation (NYSE: BSX) today announced the completion of its acquisition of Asthmatx, Inc. of Sunnyvale, California. The transaction follows the definitive agreement announced on September 20. Under the terms of the agreement, Boston Scientific purchased all outstanding... Read More

Mergers & Acquisition

Davis-Standard, LLC Acquires Medical Extrusion Leader Harrel, Inc.

November 1, 2010

(Pawcatuck, Conn.) - Davis-Standard, LLC announced today a binding agreement to acquire Harrel, Incorporated of Norwalk, Connecticut. Under terms of the agreement, Harrel will move operations to Davis-Standard's headquarters in Pawcatuck, Connecticut. Davis-Standard will continue to offer the existing Harrel line... Read More

Mergers & Acquisition

Broadcom Corporation to Acquire Percello Ltd

November 1, 2010

Broadcom Expands Its Broadband Carrier Access Portfolio with the Addition of Percello's Femtocell Technology IRVINE, Calif., Oct. 26 -- Broadcom Corporation (Nasdaq: BRCM), a global leader in semiconductors for wired and wireless communications, today announced that it has signed a definitive agreement to acquire... Read More

Mergers & Acquisition

Comprehensive Settlement Reached with Majority of Parties to Merger Case in Pennsylvania

November 1, 2010

FirstEnergy, Allegheny Energy Address Issues Related to Jobs, Competition and Sustainable Energy AKRON, Ohio, and GREENSBURG, Pa., Oct. 25 -- FirstEnergy Corp. (NYSE: FE) and Allegheny Energy, Inc. (NYSE: AYE), along with 18 parties to their merger in Pennsylvania, today filed with the Pennsylvania Public Utility... Read More

Mergers & Acquisition

Altair Engineering to Acquire SimLab Corporation

November 1, 2010

Acquisition of SimLab technology and expertise increases powertrain depth and broadens Altair's software portfolio TROY, Mich., Oct. 28 --Altair Engineering, Inc., a leading global provider of simulation technology and engineering services that empowers client innovation and decision-making, today announced it has... Read More

Mergers & Acquisition

Boston Scientific Agrees to Sell Neurovascular Business to Stryker

November 1, 2010

NATICK, Mass., Oct. 28 -- Boston Scientific Corporation (NYSE: BSX) today announced the execution of a definitive agreement under which Stryker Corporation will acquire Boston Scientific's Neurovascular business. The purchase price is $1.5 billion, payable in cash, of which $1.4 billion is payable at closing and... Read More

Mergers & Acquisition

Open Text Acquires StreamServe

November 1, 2010

Document Output Management and Customer Communication Management Solutions Complement the Open Text ECM Suite, Enhances SAP Partnership WATERLOO, ON, Oct. 27 - Open Text Corporation (NASDAQ: OTEX, TSX: OTC) today announced that it has acquired StreamServe Inc., a leading provider of business communication... Read More