Mergers & Acquisitions

Mergers & Acquisitions

Phoenix Announces Closing of Merger

MILPITAS, Calif., Nov. 23, 2010 -- Phoenix Technologies Ltd. (Nasdaq: PTEC), the global leader in core systems software (CSS), announced today that it has merged a wholly-owned subsidiary of Pharaoh Acquisition LLC, an affiliate of Marlin Equity Partners ( Marlin"). As a result of the merger, Phoenix has become an indirect subsidiary of Marlin, and the Company's common stock will no longer be...

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Mergers & Acquisitions

Transcat Enters into Letter of Intent to Acquire Wind Turbine Tools, Inc.

ROCHESTER, NY, November 23, 2010 - Transcat, Inc. (Nasdaq: TRNS) ( Transcat" or the "Company"), a leading distributor of professional grade handheld test and measurement instruments and accredited provider of calibration, repair and weighing system services, announced today that it has entered into a non-binding Letter of Intent to acquire substantially all of the assets of Wind Turbine Tools,...

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Mergers & Acquisitions

Williams Partners Completes Acquisition of Williams' Piceance Basin Gathering and Processing Assets

TULSA, Okla., Nov. 23, 2010 -- Williams Partners L.P. (NYSE: WPZ) announced today that it has completed the acquisition of Williams' (NYSE: WMB) gathering and processing assets in Colorado's Piceance Basin for $782 million. The partnership announced the acquisition on Oct. 28. Williams Partners' total consideration for the assets was $702 million in cash and $80 million in WPZ limited-partner and...

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Mergers & Acquisitions

Broadcom Completes Its Acquisition of Beceem Communications, Inc.

IRVINE, Calif., Nov. 24, 2010 - Broadcom Corporation (Nasdaq: BRCM), a global leader in semiconductors for wired and wireless communications, today announced that it has completed its acquisition of Beceem Communications, Inc., a privately-held company that develops system-on-a-chip (SoC) solutions for LTE and WiMAX® 4G connectivity. In connection with the acquisition, Broadcom paid...

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Mergers & Acquisitions

Lockheed Martin Announces Completion of $815 Million EIG Divestiture

BETHESDA, Md., Nov. 23, 2010 -- Lockheed Martin Corporation (NYSE: LMT) today announced that it has completed the divestiture of its Enterprise Integration Group (EIG) business to Veritas Capital for $815 million in cash. As announced on June 2, the Corporation's plan to divest EIG was based on the U.S. Government's increased concerns about perceived organizational conflicts of interest. EIG...

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Mergers & Acquisitions

Belden to Acquire Industrial Networking Technology Leader GarrettCom

Expands Smart Grid and Security Solutions with Ruggedized Product Platform ST. LOUIS, Nov. 23, 2010 - Belden Inc. (NYSE: BDC), a global leader in signal transmission solutions for mission critical applications, has entered into a definitive agreement to acquire GarrettCom, a leading provider of advanced industrial networking products and smart grid solutions. The acquisition extends Belden's...

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Mergers & Acquisitions

Boeing Announces Agreement to Acquire Summit Aeronautics Group in Montana

Provides additional capacity to manufacture titanium and other hard metals structures SEATTLE, Nov. 22, 2010 -- Boeing (NYSE: BA) announced today that it has agreed to acquire the business and operations conducted by Summit Aeronautics Group in Helena, Mont. Summit employs 135 people to manufacture titanium and other hard metal structures for commercial and military aircraft. This acquisition...

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Mergers & Acquisitions

Boeing to Acquire Military Logistics Provider CDM Technologies

o Acquisition supports Boeing's growth strategy for logistics command and control. o CDM Technologies' logistics optimization software enables U.S. military customers to efficiently move people and assets around the world. o Boeing subsidiary Tapestry Solutions will fully integrate CDM Technologies' employees and capabilities into its existing business. ST. LOUIS, Nov. 16, 2010 -- Boeing (NYSE:...

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Mergers & Acquisitions

Broadcom Corporation to Acquire Gigle Networks Inc.

Broadcom Expands Its Connected Home Portfolio with the Addition of Gigle Networks' Powerline Networking Technology IRVINE, Calif., Nov. 22, 2010 -- Broadcom Corporation (Nasdaq: BRCM), a global leader in semiconductors for wired and wireless communications, today announced that it has signed a definitive agreement to acquire Gigle Networks Inc., a privately-held company that develops...

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Mergers & Acquisitions

Elbit Systems Completes the Acquisition of Mikal's Holdings in Soltam, Saymar and ITL

HAIFA, Israel, Oct. 17 -- Elbit Systems Ltd. (Nasdaq and TASE: ESLT) ( Elbit Systems") announced today, further to its announcements of June 15, 2009, September 14, 2009 and September 2, 2010, that it completed the acquisition of all the shares of Soltam Systems Ltd. ("Soltam"), Saymar Ltd. ("Saymar") and ITL Optronics Ltd. ("ITL") that were held by Mikal Ltd. ("Mikal") and its subsidiaries. With...

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