Mergers & Acquisitions

Mergers & Acquisitions

L.B. Foster and Portec Announce Second Amendment to Merger Agreement and Extension of Tender Offer

PITTSBURGH, Aug. 30 -- L.B. Foster Company ( L.B. Foster", Nasdaq: FSTR) and Portec Rail Products, Inc. ("Portec", Nasdaq: PRPX) today announced that they have executed a second amendment (the "Second Amendment") to the Agreement and Plan of Merger dated February 16, 2010 ("Merger Agreement"), which was initially amended on May 13, 2010. Pursuant to the Second Amendment, L.B. Foster and Portec...

Read More »
Mergers & Acquisitions

Spectra Energy Completes Acquisition of Bobcat Gas Storage Assets

HOUSTON, Aug. 31 - Spectra Energy Corp (NYSE:SE) has completed the previously announced $540 million acquisition of the Bobcat Gas Storage assets and development project (Bobcat) from Haddington Energy Partners III LP and GE Energy Financial Services. The company expects to invest an additional $400 to $450 million to fully develop the facility by the end of 2015, bringing the facility's total...

Read More »
Mergers & Acquisitions

Tektronix Communications Completes Acquisition of Arbor Networks

PLANO, Texas, Aug. 31 - Tektronix Communications, a leading worldwide provider of Network Intelligence and communications test solutions, today announced that it has completed the acquisition of Arbor Networks, a leading provider of network security and management solutions for converged carrier networks and next-generation data centers. The terms of the acquisition are not disclosed. Upon...

Read More »
Mergers & Acquisitions

TI Completes Acquisition of Spansion Japan Wafer Fabrication Facility

DALLAS, Aug. 31 - Texas Instruments Incorporated (NYSE:TXN) has completed its acquisition of two wafer fabs and equipment in Aizu-Wakamatsu, Japan, cost-effectively increasing the company's production capacity. The facility was previously operated by Spansion Japan Limited (SJL) and was acquired under a court-approved plan of reorganization. The 200mm wafer fab in Aizu is capable of expanding...

Read More »
Mergers & Acquisitions

Celestica Completes Allied Panels Acquisition

TORONTO, Aug. 30 -- Celestica Inc. (NYSE, TSX: CLS), a global leader in the delivery of end-to-end product lifecycle solutions, today announced it has completed its acquisition of Allied Panels Entwicklungs-und Produktions Gmbh ( Allied Panels"), a leading medical engineering and manufacturing service provider, offering concept-to-full production solutions, with a core focus on diagnostic imaging...

Read More »
Mergers & Acquisitions

Deere Reaches Agreement for Sale of Wind Energy Business

MOLINE, Ill., Aug. 31 - Deere & Company (NYSE:DE) today announced that it has signed a definitive agreement to sell John Deere Renewables, LLC, its wind energy business, to Exelon Generation Company, LLC, a wholly-owned subsidiary of Exelon Corporation. As Deere sharpens its own strategic focus, we have concluded that the company's resources are best invested in growing our core equipment...

Read More »
Mergers & Acquisitions

Fosun Pharma Acquires $14 Million of Chindex Stock

Purchases 933,022 shares of Common Stock at $15.00 per Share Increases Ownership Stake to 19.9% BETHESDA, Md., Aug. 27 -- Chindex International, Inc. ( Chindex") (NASDAQ:CHDX), a leading independent American provider of Western healthcare products and services in the People's Republic of China, and Shanghai Fosun Pharmaceutical (Group) Co., Ltd. ("Fosun Pharma"), a leading manufacturer and...

Read More »
Mergers & Acquisitions

IBM Completes Acquisition of Sterling Commerce

Expands IBM's Integration Portfolio and Cross-Channel Commerce Software for Marketing, Selling and Fulfillment ARMONK, N.Y., Aug. 27 -- IBM (NYSE:IBM) today announced the closing of its acquisition of Sterling Commerce. The company expands IBM's ability to help clients accelerate their interactions with customers, partners and suppliers through dynamic business networks using either on-premise or...

Read More »
Mergers & Acquisitions

IBM Closes Acquisition of Storwize

Extends real-time data compression technology to help IBM clients improve storage efficiency by reducing storage requirements up to 80% ARMONK, N.Y., Aug. 30 - IBM (NYSE:IBM) today announced that it completed the acquisition of Storwize, a privately-held company based in Marlborough, MA. Financial details were not disclosed. The companies announced in July a definitive agreement to pursue the...

Read More »
Mergers & Acquisitions

Gerdau Ameristeel Corporation and Serdau S.A. Announce Closing of Transaction

TAMPA, FL, Aug. 30 - Gerdau Ameristeel Corporation (TSX: GNA, NYSE: GNA) and Gerdau S.A. (Bovespa: GGBR, NYSE: GGB, Latibex: XGGB) announced the completion today of the acquisition of Gerdau Ameristeel by way of a plan of arrangement (the Arrangement"). Pursuant to the Arrangement, Gerdau S.A. acquired all of the issued and outstanding common shares of Gerdau Ameristeel not already owned,...

Read More »