FirstEnergy Sells 6.65 Percent Interest in Ohio Valley Electric Corporation
AKRON, Ohio, Dec. 28, 2010 - FirstEnergy Corp. (NYSE: FE) today announced that its FirstEnergy Generation Corp. subsidiary sold a 6.65 percent participation interest in the output of the Ohio Valley Electric Corporation (OVEC) to Peninsula Generation Cooperative, a subsidiary of Wolverine Power Supply Cooperative, Inc., for an undisclosed amount. The sale, which closed today and is effective...
Read More »Regal Beloit Closes Unico Acquisition
BELOIT, Wis., Dec. 23, 2010 - Regal Beloit Corporation (NYSE: RBC) today announced the closing of its previously announced acquisition of Unico, Inc. Headquartered in Franksville, Wisconsin, Unico manufactures a full range of AC and DC drives, motor controllers, and other accessories ideally suited for most industrial and commercial applications. Unico has developed proprietary technology in the...
Read More »SunPower Completes Sale of 44-Megawatt Montalto di Castro Solar Park
SAN JOSE, Calif., Dec. 27, 2010 - SunPower Corp. (Nasdaq: SPWRA, SPWRB) today announced that it has completed the sale of its 44-megawatt (MW) Montalto di Castro solar park to a consortium of international investors that include MetLife, Fondo PPP Italia (managed by Fondaco SGR S.p.A and advised by Equiter S.p.A) and Voigt & Collegen (with its funds SolEs 22 and SolEs 23). SunPower designed and...
Read More »Demerger to Be Put to Shareholder Vote at General Meeting of Shareholders in May 2011
Separation will become effective shortly after General meeting December 26, 2010 - TNT has revealed that its preparation of the demerger transaction - which will separate TNT's Express and Mail operations - will continue unabatedly, with filing of documentation planned following the 2010 annual results. A General meeting of shareholders is planned for the end of May 2011 at which shareholders...
Read More »Dynapower Corporation Acquires iTherm Technologies
iTherm Technologies is pleased to announce it has joined forces with Dynapower Corporation, a global leader in power conversionsystems located in South Burlington, Vermont. The move supports iTherm's commitment to continued growth and development in the field of induction heating, power supply design and advanced control systems. Founded in 1963, Dynapower is the world's largest independent...
Read More »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...
Read More »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...
Read More »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 represents...
Read More »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...
Read More »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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