Mergers & Acquisitions

Mergers & Acquisitions

A. Schulman to Acquire Delta Plast Group, a European Manufacturer of Color Masterbatches

AKRON, Ohio, June 13 / -- A. Schulman, Inc. (NASDAQ:SHLM) announced today that it has agreed to acquire the Delta Plast Group, a European color masterbatch manufacturer with annual sales of approximately $20 million and operations in Sweden and Belgium. A. Schulman plans to operate Delta Plast as a division of its Polybatch business unit and as a wholly owned subsidiary of A Schulman Plastics...

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Mergers & Acquisitions

Abitibi-Consolidated and Bowater Set Shareholder Vote for Proposed Combination

MONTREAL, QC and GREENVILLE, SC, June 13 / -- Abitibi-Consolidated Inc. (NYSE:ABY)(NYSE:TSX:)(NYSE:A) and Bowater Incorporated (NYSE: BOW) announced today that each company will hold a meeting of its shareholders on July 26, 2007 in order for shareholders to vote on, among other matters, the companies' proposed combination. The Quebec Superior Court has granted today an interim order approving...

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Mergers & Acquisitions

Agilysys Completes Acquisition of InfoGenesis

BOCA RATON, Fla., June 18 / -- Agilysys, Inc. (NASDAQ:AGYS), a leading provider of innovative IT solutions and hospitality software solutions, today announced it has completed its acquisition of InfoGenesis, a privately held, independent software vendor (ISV) and solution provider to the hospitality market. At approximately $42 million in annual revenues, InfoGenesis offers enterprise-class...

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Mergers & Acquisitions

Autodesk Extends Visualization Leadership with Acquisition of Opticore AB

Visualization technology strengthens Autodesk's position as a strategic partner and supplier to the automotive design business SAN RAFAEL, Calif., June 18 -- Autodesk, Inc. (NASDAQ:ADSK) today announced that it has signed an agreement to acquire certain assets of Opticore, a wholly-owned subsidiary of Design Communication, based in Gothenburg, Sweden that provides software for interactive and...

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Mergers & Acquisitions

Cleveland-Cliffs Announces Acquisition of PinnOak Resources, Major Metallurgical Coal Producer

CLEVELAND, June 14 -- Cleveland-Cliffs Inc ( Cliffs ) (NYSE:CLF) today announced that it has agreed to acquire PinnOak Resources, LLC, and its subsidiary operating companies, for $450 million in cash plus approximately $150 million in debt. PinnOak is a privately owned domestic producer of high-quality, low-volatile metallurgical coal. Payment of 25 percent of the cash portion will be deferred...

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Mergers & Acquisitions

CMS Energy and CMS Electric and Gas Close Sale of CMS Energy Brasil for $211.1 Million

JACKSON, Mich., June 18 -- CMS Energy Corporation (NYSE:CMS) and its subsidiary, CMS Electric and Gas, L.L.C., have closed the sale of CMS Energy Brasil S.A., the holding company for a group of Brazilian electric distribution companies, and related assets to CPFL Energia S.A., a Brazilian utility, for $211.1 million. Proceeds from the sale will be used to reduce debt at CMS Energy and invest in...

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Mergers & Acquisitions

Color Kinetics Announces Acquisition by Philips

Intelligent LED lighting pioneer joins global lighting leader BOSTON, June 19 -- Color Kinetics Incorporated (NASDAQ:CLRK), a leading innovator of LED lighting systems and technologies, today announced that it has entered into a definitive agreement to be acquired by Royal Philips Electronics (NYSE:PHG)(NYSE:AEX:)(NYSE:PHI). Philips will pay $34 per share in cash for all shares and options, or a...

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Mergers & Acquisitions

CONSOL Energy Announces Acquisition of AMVEST Corporation

PITTSBURGH, June 18 -- CONSOL Energy Inc. (NYSE:CNX), a high-Btu bituminous coal and coalbed methane company, has agreed to acquire AMVEST Corporation and certain of its subsidiaries and affiliates, including AMVEST West Virginia Coal (AMVEST Coal) and Vaughan Railroad Company, for approximately $335 million, subject to adjustments. The acquisition will be financed using cash and debt. Closing of...

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Mergers & Acquisitions

Cenveo to Acquire ColorGraphics

Making Cenveo the leading West Coast commercial printer Transaction expected to be accretive to earnings STAMFORD, Conn., June 14 /-- Cenveo, Inc. (NYSE:CVO) announced today the signing of a definitive merger agreement pursuant to which Cenveo will acquire Madison/Graham ColorGraphics, Inc. ( ColorGraphics ), of Los Angeles, CA. ColorGraphics is one of the largest printers in the western United...

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Mergers & Acquisitions

Perma-Fix Completes Acquisition of PEcoS' Radioactive and Mixed Waste Treatment Facility

ATLANTA, June 14 -- Perma-Fix Environmental Services, Inc. (Nasdaq: PESI; BSE: PESI; Germany: PES.BE), today announced that it has completed its acquisition of Nuvotec USA, Inc. (Nuvotec) and its wholly owned subsidiary, Pacific EcoSolutions, Inc. (PEcoS), for $11.2 million. PEcoS, based in Richland, Washington is a nuclear waste management company that treats both low level and mixed waste. In...

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