Mergers & Acquisitions

Mergers & Acquisitions

Power Sources Unlimited, Inc. Buys Assets of 1U Power LLC for an Undisclosed Amount

Wrentham, MA -- Power Sources Unlimited, Inc. a unique distributor, having a focused and synergistic line of ONLY power products recently announced that it has signed and executed a definitive agreement to acquire the assets of 1U Power LLC for an undisclosed amount. The acquisition is expected to close in late December 2010. The Company will finance the acquisition using available cash and...

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Mergers & Acquisitions

Allegheny Technologies to Acquire Ladish

PITTSBURGH, Pennsylvania -- November 17, 2010 -- Allegheny Technologies Incorporated (NYSE: ATI) and Ladish Co., Inc. (NASDAQ: LDSH) today announced that they have entered into a definitive merger agreement whereby ATI will acquire Ladish for an aggregate fully distributed equity value of approximately $778 million. Ladish shareholders will receive $24.00 in cash and 0.4556 of a share of ATI...

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Mergers & Acquisitions

VeriFone to Acquire Hypercom to Accelerate Global Expansion

Extends VeriFone's Global Presence into Key Markets in Continental Europe Transaction Expected to be Solidly Accretive to VeriFone SAN JOSE, Calif. and PHOENIX, Ariz., November 17, 2010 - VeriFone Systems, Inc. (NYSE: PAY), a global leader in secure electronic payment solutions, and Hypercom Corporation (NYSE: HYC), the high security electronic payment and digital transactions solutions provider,...

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Mergers & Acquisitions

NAVTEQ Acquires PixelActive

Acquisition Reinforces the Company's Commitment to Leadership in 3D Mapping CHICAGO, Nov. 17, 2010 -- NAVTEQ, the leading global provider of maps, traffic and location data enabling navigation, location-based services and mobile advertising around the world, has acquired PixelActive. The acquisition is an extension of NAVTEQ's strategy to accelerate expansion from a 2D to 3D map, as well as...

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Mergers & Acquisitions

Newfield Exploration to Expand Acreage Position in Marcellus Shale

Company signs agreement to acquire approximately 50,000 net acres in Bradford County, PA HOUSTON, Nov. 15, 2010 -- Newfield Exploration Company (NYSE: NFX) today announced the signing of a purchase and sale agreement with EOG Resources, Inc., for approximately 50,000 net acres in the Marcellus Shale. Substantially all the acreage is located in Bradford County, Pennsylvania, in the Susquehanna...

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Mergers & Acquisitions

Parker Acquires Gulf Coast Seal Limited to Build on Its Oil and Gas Market Position and Extend Its Quick Response Service Model

CLEVELAND, Nov. 16, 2010 -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that it has acquired Gulf Coast Seal Limited based in Houston, Texas. Gulf Coast Seal (GCS) is a leading provider of highly engineered elastomeric and plastic sealing components and sub-systems for use in offshore oil and gas applications as well as quick...

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Mergers & Acquisitions

Suntech to Acquire 375MW of Wafer Manufacturing Capacity

Vertical Integration Expected to Reduce Cost and Improve Profitability SAN FRANCISCO and WUXI, China, Nov. 17, 2010 -- Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest producer of solar panels, today announced that it is in the process of acquiring 375MW of ingot and wafer slicing capacity in China. The wafer manufacturing capacity is being spun off from a subsidiary of Glory...

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Mergers & Acquisitions

MasTec Announces Investment in EC Source Services, LLC, Expanding Its Construction Capabilities in Extra High Voltage Transmission Systems

CORAL GABLES, Fla., Nov. 16, 2010 -- MasTec, Inc. (NYSE: MTZ) today announced the expansion of its engineering, procurement and construction capabilities in Extra High Voltage (EHV) electrical transmission systems through the purchase of a minority interest in EC Source Services, LLC, the EHV specialty transmission contractor founded by Martin J. Maslonka. MasTec's $10 million investment will be...

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Mergers & Acquisitions

Harbour Group Acquires Hardware Resources

ST. LOUIS, Nov. 17, 2010 - Harbour Group has acquired Hardware Resources Inc., a designer, manufacturer and distributor of products for the cabinet industry, Jeff Fox, Harbour Group's chief executive officer, announced. Terms of the transaction were not disclosed. Hardware Resources' products include functional hardware, decorative hardware, decorative wood products, custom drawers, and other...

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Mergers & Acquisitions

Keithley Instruments' Shareholders Approve Merger Agreement

CLEVELAND, Nov. 19, 2010 -- Keithley Instruments, Inc. (NYSE: KEI), a world leader in advanced electrical test instruments and systems, announced that, at its special meeting of shareholders held today, the Company's shareholders approved and adopted the Agreement and Plan of Merger, dated as of September 29, 2010, among Danaher Corporation, Aegean Acquisition Corporation and Keithley Instruments...

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