Mergers & Acquisition

Mergers & Acquisition

Equinix Increases Terms for Acquisition of IXEurope; Investors Agree To Hard Irrevocable Terms

July 25, 2007

In Response to Potential Rival Bid, Equinix and IXEurope Reach New Agreement; Deal Expected to Close in September Foster City, CA and London- July 18, 2007 (11:00 PM PT) - Equinix, Inc. (Nasdaq: EQIX), the leading provider of network-neutral data centers and Internet exchange services, and IXEurope Plc ("IXEurope... Read More

Mergers & Acquisition

IPSCO Confirms Completion of Acquisition by SSAB

July 25, 2007

LISLE, Ill., July 18 -- IPSCO Inc. (NYSE/TSX: IPS) announced today that SSAB Canada Inc., a subsidiary of SSAB Svenskt Stal AB, completed its acquisition of all of the outstanding shares of IPSCO for U.S. $160 per share. In connection with the completion of the acquisition, IPSCO's shares will be delisted from the... Read More

Mergers & Acquisition

Garmin® Signs Letter of Intent to Acquire Spanish Distributor

July 24, 2007

CAYMAN ISLANDS, July 17 /-- Garmin Ltd. (NASDAQ:GRMN) announced today that it has signed a letter of intent for the proposed acquisition of Electronica Trepat S.A. ("Electronica Trepat"), the principal distributor of Garmin's consumer products in Spain. The completion of the acquisition is subject to the... Read More

Mergers & Acquisition

IPSCO Shareholders Approve Arrangement With SSAB

July 24, 2007

LISLE, Ill., and STOCKHOLM, Sweden, July 16 -- At a special meeting of IPSCO Inc. (NYSE/TSX: IPS) shareholders held this morning, shareholders voted to approve the Plan of Arrangement whereby SSAB Svenskt Stal AB (SSAB) will acquire all of the outstanding shares of IPSCO. Approximately 99% of the votes cast by... Read More

Mergers & Acquisition

International Paper Agrees to Purchase Remaining Shares of CMCP, Deal Expected to be Completed Before End of Third Quarter

July 24, 2007

MEMPHIS, Tenn. and BRUSSELS, Belgium, July 12 -- International Paper today announced the company has signed an agreement with Cofipac to purchase the remaining shares of its joint venture Compagnie Marocaine des Cartons et des Papiers (CMCP) in Morocco for approximately US$40 million. As a result, CMCP will be... Read More

Mergers & Acquisition

IFS Defence Acquires UK Software Company

July 24, 2007

SCHAUMBURG, Ill., July 13 /-- IFS Defence Ltd, a joint venture between BAE Systems plc and IFS AB, has acquired the British software company Information Science Consultants Ltd (iSC), headquartered in Cirencester, UK. The acquisition strengthens IFS Defence's position in the Aerospace & Defense sector, enhances its... Read More

Mergers & Acquisition

Huntsman Agrees to Be Acquired by Hexion for $28.00 Per Share

July 24, 2007

Terminates Merger Agreement With Basell THE WOODLANDS, Texas and SALT LAKE CITY, July 12 /-- Huntsman Corporation (NYSE:HUN) today announced that it has terminated the merger agreement with Basell AF ("Basell") dated June 26, 2007 (the "Basell Agreement") and has agreed to a definitive merger agreement (the... Read More

Mergers & Acquisition

Energizer Holdings, Inc. to Acquire Playtex Products, Inc.

July 24, 2007

ST. LOUIS, and WESTPORT, Conn., July 12 /-- Leading consumer products companies, Energizer Holdings, Inc., (NYSE:ENR), and Playtex Products, Inc., (NYSE:PYX), announced the signing of a definitive agreement by which Energizer will acquire Playtex for $18.30 per share in cash plus the assumption of Playtex debt... Read More

Mergers & Acquisition

Hercules Offshore, Inc. Announces Cash and Stock Merger Consideration in Acquisition of TODCO

July 24, 2007

HOUSTON, July 16 /-- Hercules Offshore, Inc. ("Hercules Offshore") (NASDAQ:HERO) today announced the merger consideration expected to be paid to TODCO stockholders in the merger of Hercules Offshore and TODCO, which was completed on July 11, 2007. Neither the stock component nor the cash component of the merger... Read More

Mergers & Acquisition

ISS Recommends Abitibi-Consolidated Shareholders Vote 'FOR' the Proposed Combination with Bowater

July 24, 2007

MONTREAL, July 15 /-- Abitibi-Consolidated Inc. (NYSE:ABY)(NYSE:TSX:)(NYSE:A) announced today that Institutional Shareholder Services Inc. (ISS) has recommended that Abitibi-Consolidated shareholders vote "FOR" the proposed combination with Bowater Incorporated. ISS is the world's leading provider of corporate... Read More

Mergers & Acquisition

ICE Statement on Definitive Agreement to Acquire Winnipeg Commodity Exchange

July 24, 2007

ATLANTA, July 17 /-- IntercontinentalExchange, Inc. (NYSE:ICE) issued the following statement today regarding its definitive agreement reached in June to acquire the Winnipeg Commodity Exchange (WCE): ICE is aware of the preliminary third party proposal made to the Winnipeg Commodity Exchange. ICE and WCE remain... Read More

Mergers & Acquisition

Shared Technologies Inc. Announces Expanded Pennsylvania Service Area with Acquisition of New Customer Base

July 24, 2007

COPPELL, Texas, July 16 /-- Shared Technologies Inc. (STI), a leading provider of converged voice and data communications solutions, announced today that it has completed a transaction with Commonwealth Communication, LLC, a Citizens Communications Company doing business under the Frontier Communications Solutions... Read More

Mergers & Acquisition

Ontario Superior Court Approves Arrangement with SSAB

July 24, 2007

LISLE, Ill., and STOCKHOLM, Sweden, July 17 -- IPSCO Inc. (NYSE/TSX: IPS) and SSAB Svenskt Stal AB (SSAB) announced today that the Ontario Superior Court of Justice has issued the final order approving the Plan of Arrangement whereby SSAB Canada Inc., a subsidiary of SSAB, will acquire all of the outstanding shares... Read More

Mergers & Acquisition

Sipex Corporation Announces Date of Special Stockholders' Meeting in Connection with Proposed Exar Corporation Merger Transaction

July 24, 2007

MILPITAS, Calif., July 16 / -- Sipex Corporation (NASDAQ:SIPX) today the date of August 23, 2007 for a special meeting of its stockholders to consider the adoption of the proposed merger agreement between Exar Corporation and Sipex Corporation. The record date for voting at the special meeting is July 16, 2007. The... Read More

Mergers & Acquisition

Constellation Energy Partners to Acquire Oil and Gas Properties in Cherokee Basin for $240 Million; Acquisition Establishes CEP as One of Top Producers in Cherokee Basin

July 24, 2007

BALTIMORE, July 13 /-- Constellation Energy Partners LLC (NYSE:CEP) today announced that it has agreed to acquire AMVEST Osage, Inc, a subsidiary of AMVEST Corporation, a privately held company, for an aggregate purchase price of $240 million, subject to purchase price adjustments. AMVEST Osage owns producing and... Read More

Mergers & Acquisition

Synopsys Agrees to Acquire MOSAID Semiconductor IP Assets

July 24, 2007

Purchase to Expand Industry-leading Standards-based Connectivity IP Solutions MOUNTAIN VIEW, Calif., July 16 / -- Synopsys, Inc. (NASDAQ:SNPS), a world leader in semiconductor design software, today announced it has signed a definitive agreement to acquire the semiconductor IP assets of MOSAID Technologies Inc... Read More

Mergers & Acquisition

Cenveo to Acquire Commercial Envelope

July 24, 2007

Significantly enhances Cenveo's direct mail capabilities Transaction expected to be accretive to earnings STAMFORD, Conn., July 17 /-- Cenveo, Inc. (NYSE:CVO) announced today the signing of a definitive purchase agreement pursuant to which Cenveo will acquire Commercial Envelope Manufacturing Inc. ("Commercial... Read More

Mergers & Acquisition

Brunswick Signs Agreement to Sell Fleet Management Segment of Its New Technologies Unit

July 23, 2007

LAKE FOREST, Ill., July 16 -- Brunswick Corporation (NYSE:BC) today announced that it has reached a definitive agreement to sell Brunswick New Technologies' (BNT) fleet management business unit to Navman Wireless Holdings L.P. Terms of the transaction were not disclosed, and completion of the sale is subject to... Read More

Mergers & Acquisition

Belden Sells Telecom Cable Operation in Czech Republic

July 23, 2007

ST. LOUIS, July 16 -- Belden (NYSE:BDC) today announced that it has completed the sale of its copper telecommunications cable operation, Kabelovna Decin Podmokly (KDP) in Decin, Czech Republic, to the Willms-Gruppe of Menden, Germany. The transaction closed in July and included the real estate and working capital... Read More

Mergers & Acquisition

Bateman Litwin Buys Delta-T, Gains Ethanol Technology Edge

July 23, 2007

Acquisition of U.S. Technology Designer Positions Dutch Company to Take Global Leadership Role in New-Generation Biorefinery Production. AMSTERDAM, Netherlands, and WILLIAMSBURG, Va., July 17 -- Shuki Raz, Chief Executive Officer of Bateman Litwin, announced a definitive agreement under which his company will... Read More