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Mergers & Acquisitions

Mergers & Acquisitions

Stepan Announces Sale of Specialty Esters Product Line and Acquisition of an Agricultural Chemical

NORTHFIELD, Ill., May 1 -- Stepan Company (NYSE:SCL) today announced the sale of its specialty ester surfactant product line for the personal care market to The HallStar Company (formerly CPH Holding Corporation). These products, produced at the Company's Maywood, New Jersey facility, will continue to be produced for The HallStar Company during a transition period. The product line represents...

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Mergers & Acquisitions

Websense to Acquire SurfControl

Editor's summary: o All cash transaction valued at approximately US$400 million. o Expected to be accretive, with cost synergies of more than US$60 million. o Creates an organization with the scale to compete more effectively with large global security and software companies. o Accelerates strategic initiatives with small and mid-sized (SMB) customers. o Benefits customers and partners through...

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Mergers & Acquisitions

Abitibi-Consolidated and Bowater Amend Combination Agreement

A (TSX) BWX (TSX) ABY (NYSE) BOW (NYSE) MONTREAL and GREENVILLE, SC, May 8 / -- Abitibi-Consolidated Inc. and Bowater Incorporated announced today that they have amended the combination agreement signed on January 29, 2007 pursuant to which Abitibi-Consolidated and Bowater agreed to combine their companies in an all-stock merger of equals. The purpose of the amendment is to ensure that the...

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Mergers & Acquisitions

CGI to Expand Presence in the Seattle Metro Market

Stock Market Symbols GIB.A (TSX) GIB (NYSE) FAIRFAX, VA, May 3 -- CGI Group Inc. (TSX: GIB.A; NYSE: GIB), announced today that it has acquired privately-owned information technology (IT) services firm Codesic Consulting. Founded in 1994, the Seattle based company has annual revenues of approximately US$20 million. This acquisition is well aligned with the company's build and buy growth strategy...

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Mergers & Acquisitions

Kennametal Completes Acquisition of Advanced Materials Business

LATROBE, Pa., May 2 -- Kennametal Inc. (NYSE:KMT) announced today that it has completed the previously announced acquisition of Purity Metal Holdings, Inc. and its wholly-owned subsidiary, International Specialty Alloys, Inc. (ISA). ISA manufactures high-purity specialty metal products for the aerospace, defense and super alloy industries, as well as a number of other industries that use advanced...

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Mergers & Acquisitions

EGL Receives Offer from Apollo Affiliate CEVA for $43 per share

HOUSTON, May 3: EGL, Inc. (NASDAQ:EAGL) ( EGL or the Company ), announced today that the Special Committee of its Board of Directors has received a definitive proposal, dated May 2, 2007, from CEVA Group Plc, a public company limited by shares incorporated in England and Wales that is owned by affiliates of Apollo Management, L.P. (the Apollo group ), to acquire EGL in a merger transaction in...

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Mergers & Acquisitions

Frequent Travelers Oppose AirTran Takeover of Midwest

72% in Survey Strongly Oppose Takeover; 65% Would Avoid Flying AirTran Following a Takeover MILWAUKEE, May 2 -- Midwest Airlines (AMEX:MEH) today released results of a recent survey of Milwaukee-area frequent travelers showing strong opposition to a takeover of Midwest by AirTran Holdings, parent of AirTran Airways. Nearly two-thirds of survey respondents said they'd definitely not fly AirTran or...

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Mergers & Acquisitions

Beckman Coulter and Biosite Amend Definitive Acquisition Agreement

Product lines evolve and change; please contact the company for current information. Strategic Rationale and Economics of Combination Support Increased Price of $90 per Biosite Share FULLERTON, Calif., May 1 / -- Beckman Coulter, Inc. announced today that it has entered into a revised merger agreement with Biosite, Inc. Under the terms of the revised merger agreement, Beckman Coulter will acquire...

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Mergers & Acquisitions

Genco Shipping & Trading Limited Acquires Minority Stake in Jinhui Shipping and Transportation Limited

NEW YORK, May 2 -- Genco Shipping & Trading Limited (NYSE:GNK) today issued the following statement: On May 2, 2007, Genco Shipping & Trading Limited acquired 4,440,900 shares of the capital stock of Jinhui Shipping and Transportation Limited. Jinhui Shipping and Transportation Limited is a drybulk shipping owner and operator focused on the Supramax segment of drybulk shipping. Following the...

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Mergers & Acquisitions

Transtar Industries Acquires Axiom Automotive Technologies

Combined companies will offer customers broader market presence, the most comprehensive product line and best-in-class distribution in auto transmission aftermarket parts CLEVELAND, May 1 -- Transtar Industries, Inc., a leading national distributor of aftermarket auto transmission repair parts, today announced that it has acquired Axiom Automotive Technologies, Inc., a major supplier of original...

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