Granite Construction Completes Superior Acquisition
WATSONVILLE, Calif., April 3 -- Granite Construction Incorporated (NYSE:GVA) announced today the completion of its acquisition of certain assets of The Superior Group of Companies, a Pacific Northwest-based construction materials producer and asphalt paving company. The acquisition closed consistent with the details provided in the Company's March 27, 2007 news release, and is the latest step in...
Read More »Lilly Announces Completion of Hypnion Acquisition
INDIANAPOLIS, April 3: Eli Lilly and Company (NYSE:LLY) today announced that it has completed its acquisition of Hypnion, Inc., a privately held neuroscience drug discovery company focused on sleep disorder research. The deal, valued at a total purchase price of $315 million, bolsters Lilly's pipeline with several new early-stage drug candidates and HY10275, an insomnia molecule currently in...
Read More »CMS Energy and Government of Venezuela Sign Purchase and Sale Agreement for Sale of Venezuelan Electric Utility and Related Assets
JACKSON, Mich., April 4 -- CMS Energy and Petroloeos de Venezuela, S.A. which is owned by the Bolivarian Republic of Venezuela signed today a purchase and sale agreement for the sale of the company's interest in Sistema Electrico de Nueva Esparta, C.A. (SENECA), including its 88 percent equity ownership, certain associated generating equipment, and other assets for $105.5 million. SENECA is an...
Read More »Harris Interactive Extends European Capabilities with Acquisition of German Online Market Research Firm MediaTransfer AG
LONDON and HAMBURG, Germany, April 2 -- Harris Interactive(R) (Nasdaq: HPOL) has acquired MediaTransfer AG Netresearch & Consulting, a private European online research firm based in Hamburg, Germany which will provide greater access to the $2.2 billion (USD) German market research market. MediaTransfer, founded in 1996, has conducted online research since 1999 and has a 250,000 member, highly...
Read More »Land O'Lakes Completes Sale of Cheese & Protein International
MINNEAPOLIS, April 2: Land O'Lakes, Inc. announced today the completion of the sale of assets of its Cheese & Protein International (CPI) operations, located in Tulare, Calif., to a US subsidiary of Saputo Inc. The sale includes substantially all of CPI's cheese manufacturing operations and cut-and-wrap operations, formally known as Golden Valley Dairy Products. The transaction includes a...
Read More »Leggett & Platt Announces Divestiture of Prime Foam Operations
CARTHAGE, Mo., April 3: FORTUNE 500 diversified manufacturer, Leggett & Platt Incorporated, today announced the sale of its Prime Foam operations to Comfort Co., a company controlled by Catterton Partners, a private equity firm based in Greenwich, CT. The sale of this business, with 2006 annual revenue of approximately $200 million, marks the largest divestiture in Leggett's history. Leggett's...
Read More »Level 3 Completes Purchase of AT&T Divestiture Assets
BROOMFIELD, Colo., April 4: Level 3 Communications, Inc. (NASDAQ:LVLT) today announced that its operating subsidiary has purchased certain assets from AT&T Corporation that were ordered divested as a result of the merger between AT&T and SBC Communications Inc. The acquired assets consist of indefeasible rights of use (IRUs) for dark fiber connections to over 200 buildings and more than 1,600...
Read More »ERP Vendors XKO Software Ltd and CMS Software Inc to Merge
CHERTSEY, Surrey, April 2 -- XKO Software Limited and CMS Software, Inc of Toronto, Canada have agreed to merge, creating a new international force in ERP software. Marlin Equity Partners of Los Angeles, California has provided financial backing to the transaction. The combined business will have sales of over US$50million (over GBP25million) and employ 300 professionals serving more than 1,400...
Read More »Deep Down Executes Definitive Agreement to Acquire ElectroWave USA
HOUSTON, April 3: Deep Down, Inc. announced today it has completed due diligence and executed a definitive purchase agreement for the acquisition of substantially all of the assets of ElectroWave USA, Inc., a Texas corporation, an electronic monitoring and control systems development company operating in the energy, military, and commercial business sectors. Deep Down formed a wholly-owned...
Read More »Datalogic and PSC Inc. Complete Integration Into Datalogic Scanning, Inc.
EUGENE, Ore., April 2: A worldwide leader in automatic data-capture technology, products, and services, Datalogic Scanning, Inc. is pleased to announce that the integration of the Datalogic Handheld Scanner Division with Eugene-based PSC Inc. is complete effective April 2, 2007. Datalogic Scanning now offers the largest line of bar code scanners available today. The last few months have been a...
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