Mergers & Acquisitions

Mergers & Acquisitions

Rohde & Schwarz Takes over DVS Digital Video Systems AG

Effective December 14, 2010, Hanover-based DVS Digital Video Systems AG has been integrated into the Rohde & Schwarz group of companies. DVS, which was founded in 1985 and now has 110 employees, is a leading international manufacturer of hardware and software for professional film and video postproduction. We are confident that this partnership will result in the transfer of valuable technology...

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Mergers & Acquisitions

FirstEnergy-Allegheny Energy Merger Application Receives Approval from Federal Energy Regulatory Commission

AKRON, Ohio, and GREENSBURG, Pa., Dec. 16, 2010 - FirstEnergy Corp. (NYSE: FE) and Allegheny Energy, Inc. (NYSE: AYE) today announced that they have received approval from the Federal Energy Regulatory Commission (FERC) for their proposed merger. This as an important milestone in the completion of our merger, and we are pleased to have the support of FERC," said Anthony J. Alexander, President...

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Mergers & Acquisitions

Gen-Probe Acquires GTI Diagnostics for $53 Million in Cash

o Acquisition Strengthens Gen-Probe's Transplant Diagnostics Business, Provides New Growth Opportunities in Blood Bank and Specialty Coagulation Markets SAN DIEGO, Dec. 16, 2010 - Gen-Probe Incorporated (Nasdaq: GPRO) announced today that the Company has acquired GTI Diagnostics, a privately held specialty diagnostics company focused on the transplantation, blood bank and specialty coagulation...

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Mergers & Acquisitions

Newmont Announces Acquisition of Shares and Warrants of Loncor Resources Inc

DENVER, Dec. 15, 2010 - Newmont Mining Corporation (NYSE: NEM) ( Newmont") announced today that its subsidiary, Newmont Mining Corporation of Canada Limited ("Newmont Canada"), acquired 2,000,000 units ("Units") of Loncor Resources Inc. ("Loncor") by way of private placement at a price of Cdn $1.95 per Unit for aggregate gross proceeds to Loncor of Cdn. $3,900,000. Each Unit is comprised of one...

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Mergers & Acquisitions

SAP to Acquire Disclosure Management Solutions from cundus AG

SAP Extends Market-Leadership Position in Finance With New Collaborative Solution to Support the Financial Close Process WALLDORF, Germany, Dec. 16, 2010 - Adding to its portfolio of solutions that create instant value for customers worldwide, SAP AG (NYSE: SAP) today announced its intent to acquire disclosure management solutions from cundus AG -- headquartered in Duisburg, Germany -- comprising...

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Mergers & Acquisitions

Cargill Acquires Majority Stake in PT Sorini Agro Asia Corporindo Tbk

JAKARTA, Indonesia, Dec. 15, 2010 - Cargill announced today that it has entered into an agreement to purchase all of the ordinary shares of PT Sorini Agro Asia Corporindo Tbk ( Sorini") held by the majority shareholder PT AKR Corporindo Tbk ("AKR") at a price of IDR 3,500 per share. The transaction is subject to approval of AKR's shareholders. In a separate transaction, Cargill also is acquiringa...

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Mergers & Acquisitions

Elbit Systems U.S. Subsidiary Completes Acquisition of M7 Aerospace for $85 Million

HAIFA, Israel, December 15, 2010 - Elbit Systems Ltd. (NASDAQ and TASE: ESLT) announced today that its wholly-owned U.S. subsidiary, Elbit Systems of America, LLC, ( ESA") acquired 100% of M7 Aerospace LP (M7 Aerospace) in a $85 million all cash transaction. Located in San Antonio, Texas, M7 Aerospace is an integrated service company, offering a full suite of aviation services in the areas of...

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Mergers & Acquisitions

International Isotopes Inc. Announces It has Formed a Joint Venture with RadQual LLC and Acquired the Assets of Technology Imaging Services Inc.

IDAHO FALLS, Idaho, Dec. 15, 2010 - International Isotopes Inc. (OTC Bulletin Board: INIS) announces the Company has formed a new joint venture business on a 50-50 ownership basis with RadQual LLC, and has acquired the assets of Technology Imaging Services Inc. (TIS). TIS had been a major distributor of products and services for nuclear medicine, nuclear cardiology, and PET imaging. In 2009...

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Mergers & Acquisitions

L.B. Foster Company and Portec Rail Products, Inc. Announce Agreement with Department of Justice and Filing of Consent Decree

PITTSBURGH, Dec. 14, 2010 - L.B. Foster Company ( L.B. Foster") (Nasdaq: FSTR) and Portec Rail Products, Inc. ("Portec") (Nasdaq: PRPX) today announced that the Department of Justice ("DOJ") has issued their final approval of and entered into an agreement with L.B. Foster and Portec relating to L.B. Foster's acquisition of Portec and the sale of certain assets related to Portec's rail joint...

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Mergers & Acquisitions

Lennox International to Expand Refrigeration Business with Acquisition of Kysor/Warren

DALLAS, Dec. 15, 2010 - Lennox International Inc. (NYSE: LII), a global leader in the heating, air conditioning, and refrigeration markets, today announced it has signed a definitive agreement with The Manitowoc Company, Inc. to acquire substantially all the assets of its Kysor/Warren business. Kysor/Warren is a leading manufacturer of refrigerated systems and display cases for supermarkets...

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