Mergers & Acquisitions

Mergers & Acquisitions

Motorola Mobility Acquires Zecter

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 technologies for on-demand digital media consumption. Terms of the transaction were...

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Mergers & Acquisitions

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

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 or fairness of the Proposed Offer. Any representation to the contrary is a criminal...

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Mergers & Acquisitions

Demmer Investments Announces the Acquisition of Quality Tool

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 engineering-focused precision metal fabrication, stamping, machining, bus bar and...

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Mergers & Acquisitions

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

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 shares, at a price of $43.00 per share in cash. TRC Capital's offer price...

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Mergers & Acquisitions

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

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", Nasdaq: PRPX). The subsequent offering period expired at 5:00 p.m., New York City...

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Mergers & Acquisitions

Dover to Acquire the Sound Solutions Business Line of NXP

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 Knowles Electronics within Dover's Electronic Technologies segment. In business since...

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Mergers & Acquisitions

Jacobs Announces Definitive Agreement to Acquire Aker Solutions' Process and Construction Business

Acquisition Significantly Expands Presence in the Mining and Metals Market PASADENA, Calif., Dec. 21, 2010 - Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it has reached a definitive agreement with Aker Solutions ASA (Aker) to purchase a number of Aker's operations within its Process and Construction (P&C) business area. The cash purchase price is estimated to be $675 million,...

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Mergers & Acquisitions

Zimmer Announces Acquisition of SoPlus Orthopaedic Surgical Power Tools Company

Zimmer adds established manufacturing capabilities and a range of SoPlus products to portfolio WARSAW, Ind., Dec. 22, 2010 - Zimmer Holdings, Inc. (NYSE: ZMH; SIX: ZMH), a global leader in musculoskeletal care, today announced it has acquired Sodem Diffusion S.A., the manufacturer of SoPlus Orthopaedic Surgical Power Tools based in Geneva, Switzerland. The company will be re-named Zimmer...

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Mergers & Acquisitions

Ahlstrom's Divestment of Production Lines in Bethune Confirmed

Ahlstrom, a global leader in nonwovens and specialty papers, announces that it has completed the divestment of three dust filtration product lines in Bethune, SC, USA, to Andrew Industries. Ahlstrom announced earlier this month the sale of the three production lines in Bethune and its Wuxi plant in China to Andrew Industries. The divestment of the Wuxi plant, which also makes dust filtration...

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Mergers & Acquisitions

Assa Abloy to Acquire Secure ID Solutions Company Lasercard Corp

Stockholm, Sweden - Assa Abloy has entered into a definitive agreement to acquire Lasercard Corporation, a NASDAQ-listed company and a leading provider of secure ID solutions to governments and commercial clients around the world. Lasercard's unique portfolio of card products, services, and solutions for complex ID management are used by 400 customers in 44 nations. The company's strength is in...

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