Mergers & Acquisitions

Mergers & Acquisitions

Carrier Corp. Sells Micro Thermo Technologies

FARMINGTON, Conn., Aug. 24 -- Carrier Corp. has sold Micro Thermo Technologies, a Canada-based manufacturer of refrigeration controls for supermarket applications, to Parker Hannifin Corp. (NYSE:PH). Carrier Corp., a unit of United Technologies Corp. (NYSE:UTX), is the world's leader in high technology heating, air-conditioning and refrigeration solutions, improving the world around us through...

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Mergers & Acquisitions

Parker Acquires Micro Thermo Technologies Extending Systems Capabilities in Climate Control Markets

CLEVELAND, Aug. 24 -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that it has acquired Micro Thermo Technologies of Quebec, Canada from Carrier Corporation. Micro Thermo Technologies is a leading manufacturer of refrigeration controls and energy management systems for supermarket applications. Terms of the transaction were not...

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Mergers & Acquisitions

StepStone Solutions Closes MrTed Acquisition - Expands Capability to Address Global Talent Acquisition Market

LONDON, August 24, 2010 -- StepStone Solutions, a global leader in Software-as-a-Service (SaaS) Talent Management solutions, has completed the acquisition of privately-owned e-recruitment software provider MrTed. The acquisition adds over 130 customers to StepStone Solutions' existing customer base of 1,500 global businesses, including names such as France Telecom, Heineken, SGS, Alexander Mann...

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Mergers & Acquisitions

PotashCorp Board of Directors Rejects BHP Billiton's Unsolicited Offer

o Deems US$130 per Share Offer Wholly Inadequate o Urges Shareholders Not to Tender Their Shares SASKATOON, Canada, August 23, 2010 - Potash Corporation of Saskatchewan Inc. ( PotashCorp") today announced that its Board of Directors, after careful consideration with the assistance of its independent financial and legal advisors, voted unanimously to reject the unsolicited offer by BHP Billiton...

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Mergers & Acquisitions

HP Proposes to Acquire 3PAR for $24 Per Share in Cash

o Superior proposal provides a significant premium to the Dell transaction; o HP is uniquely positioned to unlock 3PAR's potential given HP's global reach and commitment to innovation; o Transaction will accelerate HP's Converged Infrastructure strategy PALO ALTO, Calif., Aug. 23, 2010 - HP today announced that it has submitted to 3PAR Inc. (NYSE: PAR) a proposal to acquire all of the outstanding...

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Mergers & Acquisitions

IDEAL Acquires Premier Tool Manufacturer SK Hand Tools

IDEAL expands its commitment to Made In America" mission by keeping manufacturing of iconic tool brand in the United States SYCAMORE, IL, August 23, 2010 -- IDEAL INDUSTRIES, INC. announced today that it has entered into a definitive agreement to purchase certain assets of SK Hand Tools Corporation, one of America's leading manufacturers of tools for the professional mechanic. Doug Spitler, Vice...

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Mergers & Acquisitions

Durex Inc. Acquires Two New Companies in 2010!

Durex Inc. is proud to announce the addition of two acquisitions to the Durex family of companies. Agreements have been reached for the acquisition of P. Feiner & Sons and Sternvent Company Inc. These new companies have long histories of excellence and will mix well with the current synergies at Durex. This will allow for a smooth transition with little or no interruption to customers," said...

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Mergers & Acquisitions

Colfax Acquires the Baric Group

Strategic Acquisition Expands Lubrication Systems Business RICHMOND, Va., Aug. 20 - Colfax Corporation (NYSE: CFX), a global leader in fluid-handling solutions for critical applications, today announced that it has acquired Baric Group. Headquartered in Morpeth, U.K., Baric is a premier supplier of highly engineered fluid-handling systems primarily for lubrication applications in the oil & gas,...

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Mergers & Acquisitions

Nokia to Acquire Motally

Optimized Developer and Publisher Product Offerings Through Mobile Analytics Functionality ESPOO, Finland, August 20, 2010 - Nokia (NYSE:NOK) today announced it has signed an agreement to acquire Motally Inc., a privately-held US-based company. Motally's mobile analytics service offers in-application tracking and reporting, and is designed to enable developers and publishers to optimize the...

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Mergers & Acquisitions

Wabtec Completes Purchase of Bach-Simpson

WILMERDING, Pa., Aug. 20 - Wabtec Corporation (NYSE:WAB) has completed the previously announced acquisition of Bach-Simpson Corporation from Global Railway Industries Ltd. (GBI: TSX) for about $13 million. Wabtec expects the transaction to be accretive in the first year. With revenues of about $10 million, Bach-Simpson designs and builds electronic instrumentation devices for rail and transit...

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