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Mergers & Acquisitions

Mergers & Acquisitions

EnPro Industries Reaches Agreement to Acquire Sealing Products Manufacturer

CHARLOTTE, N.C., Jan. 31, 2011 - EnPro Industries, Inc. (NYSE: NPO) announced today that it has signed an agreement to acquire the business of Pipeline Seal and Insulator, Inc. and its affiliates (PSI), a privately-owned group of companies that manufacture products which ensure the safe flow of fluids through pipeline transmission and distribution systems, worldwide. The transaction, which is...

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Mergers & Acquisitions

Industrial Controls Announces Merger with United Control Company in Richmond, VA

Wanamassa, NJ - February 1, 2011 - Industrial Controls Distributors LLC, the leading distributor of HVAC controls, process instrumentation and valves in North America, is pleased to announce its merger with United Control Company headquartered in Richmond, VA. United Control will integrate operations with Industrial Controls to cover the Virginia territory. This merger represents an exceptional...

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Mergers & Acquisitions

Honeywell to Sell Its Consumer Products Group Business to Rank Group Limited for $950 Million

o Divestiture Consistent With Honeywell's Focus On High Growth, Global Technologies o Transaction Expected To Close Third Quarter 2011; No Impact To 2011 EPS Guidance o Sale Proceeds And Anticipated Gain Expected To Be Reinvested To Offset Ongoing Dilution MORRIS TOWNSHIP, N.J., Jan. 28, 2011 - Honeywell (NYSE: HON) today announced that Rank Group, a private investment company, will acquire its...

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Mergers & Acquisitions

Johnson & Johnson Receives Approval from European Commission

NEW BRUNSWICK, N.J. and LEIDEN, Netherlands, Jan. 28, 2011 - Johnson & Johnson and Crucell today announced that the European Commission has granted approval for Johnson & Johnson's proposed acquisition of Crucell. Reference is made to the joint press release of Johnson & Johnson (NYSE: JNJ) and Crucell N.V. (NYSE Euronext, Nasdaq: CRXL; Swiss Exchange: CRX) dated 8 December 2010 announcing the...

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Mergers & Acquisitions

Lubrizol Acquires Nalco Personal Care Business

Strengthens Noveon-® Consumer Specialties Product Portfolio with Industry Leading Brands CLEVELAND, January 26, 2011 - The Lubrizol Corporation (NYSE:LZ) announces today that it has acquired Nalco Performance Products Group, a supplier of value-added specialty polymers and formulation additives marketed to the global personal care and household care industries. This acquisition, structured as an...

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Mergers & Acquisitions

Nalco Sells Its Performance Products Group to Lubrizol

NAPERVILLE, Ill., Jan. 26, 2011 - Nalco (NYSE: NLC), providing essential expertise for water, energy and air, announced today it has sold its Performance Products Group (PPG) to The Lubrizol Corporation for $166 million. Our personal care business is more product oriented than service oriented and not a strategic fit with our emphasis on providing sustainability services for industrial water,...

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Mergers & Acquisitions

Optelecom-NKF, Inc. Announces Completion of Acquisition by TKH Group N.V.

GERMANTOWN, Md., Jan. 28, 2011 - Optelecom-NKF, Inc. (Nasdaq: OPTC, Optelecom-NKF ) announces the completion of its acquisition by TKH Group N.V. (NYSE Euronext Amsterdam, AMS: TWEKA, TKH ) on January 27, 2011. Pursuant to the merger agreement by and among Optelecom-NKF, TKH and a subsidiary of TKH, Optelecom-NKF's stockholders are entitled to receive $2.45 in cash, without interest and less any...

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Mergers & Acquisitions

Astaro Acquires CoSoSys and InspektOnline to Further Strengthen Its Market Position

o CoSoSys is a Romania based company which offers mobile data protection solutions for both PC and Mac o InspektOnline is a Denmark based company which drastically simplifies log management with its hosted service New Delhi, 28th January 2011 - Astaro, Europe's leading Unified Threat Managementcompany, today announce the two technology acquisitions: Romania-based CoSoSys, which offers mobile data...

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Mergers & Acquisitions

ABB Completes Acquisition of Baldor Electric Company

Zurich, Switzerland, January 27, 2011 - ABB Ltd (NYSE: ABB), the leading power and automation technology group today announced that is has completed its acquisition of Baldor Electric Company (NYSE: BEZ), a North American leader in industrial motors. The transaction, which was originally announced on November 30, 2010, was valued at $4.2 billion, including $1.1 billion of net debt. The...

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Mergers & Acquisitions

Cargill Completes Acquisition of Majority Stake in Sorini

JAKARTA, Indonesia, Jan. 28, 2011 - Cargill today completed its acquisition of a majority stake in PT Sorini Agro Asia Corporindo Tbk ( Sorini ), first announced on 15 December 2010. Cargill now owns 85.01% of Sorini's ordinary shares. With the completion of this transaction, Sorini becomes a subsidiary of Cargill. K L Chopra, president director of Sorini, will continue to lead the business. We...

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