Mergers & Acquisitions

Mergers & Acquisitions

ConocoPhillips and EnCana Complete Transaction

HOUSTON, Jan. 3, 2007 --- ConocoPhillips [NYSE:COP] and EnCana Corporation [TSX/NYSE:ECA] today announced that they have closed their previously announced transaction to create an integrated North American oil business consisting of two 50/50 operating partnerships -- one Canadian upstream partnership and one U.S. downstream partnership. The upstream partnership will consist of EnCana's Foster...

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Mergers & Acquisitions

MAG Industrial Automation Systems Continues Portfolio Expansion Agreement to Acquire Boehringer from IWKA Signed

STERLING HEIGHTS, MICHIGAN - Nov 27: MAG Industrial Automation Systems (MAG-IAS) announced it signed a contract November 22, 2006 to acquire the Boehringer group of companies from IWKA. The parties have agreed not to disclose the terms of the transaction and hope to complete the acquisition by year end, subject to approval by the Bundeskartellamt (German federal antitrust authority). The...

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Mergers & Acquisitions

Parker Acquires Chilean Provider of Hydraulic Cylinders and Services

CLEVELAND, Dec. 13 -- Parker Hannifin (NYSE: PH), the world leader in motion and control technologies, today announced the acquisition of Ingenieria y Servicios Metalcrom Limitada, a Chilean industrial and mobile hydraulic cylinder manufacturer and cylinder repair service provider. Revenues of the acquired business totaled approximately $2.2 million in 2005. Earnings are expected to be accretive...

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Mergers & Acquisitions

Petro-Canada Acquires Long-Life Gas Assets in Syria

LONDON, UNITED KINGDOM--(CCNMatthews - Nov. 1, 2006) - Petro-Canada announced today that it has completed an agreement with a wholly-owned subsidiary of Marathon Oil Corporation to purchase a 90% interest in Marathon's production sharing contract (PSC) in the Ash Shaer and Cherrife natural gas fields in central Syria for $54 million Cdn ($46 million US). Under this agreement, Petro-Canada will...

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Mergers & Acquisitions

Solutia Reaches Agreement in Principle to Purchase Akzo Nobel's 50 Percent Stake in Flexsys Joint Venture

ST. LOUIS, Dec. 15, 2006 -- Solutia Inc. (OTCBB:SOLUQ), a leading manufacturer and provider of interlayers for laminated glass, aftermarket window films, specialty chemicals and an integrated family of nylon products, today announced it has reached an agreement in principle to purchase Akzo Nobel N.V.'s stake in Flexsys, the 50%/50% rubber chemicals joint venture between Akzo Nobel and Solutia,...

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Mergers & Acquisitions

Beacon Roofing Supply Announces Acquisition of Minnesota-Based Roof Depot

PEABODY, Mass.-- Aug. 25, 2006--Beacon Roofing Supply, Inc. (Nasdaq: BECN) ( Beacon ) announced today the acquisition of Roof Depot, Inc. ( Roof Depot ), a Minnesota-based distributor of residential and commercial roofing and other related building products with locations in Minneapolis and Stillwater, Minn. Roof Depot is a successful and well-respected distributor of roofing and other...

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Mergers & Acquisitions

Ecolab Expands UK Textile Care Business

ST. PAUL, Minn.-- Sept. 1, 2006--Ecolab Inc. announced it has purchased Powles Hunt & Sons International Ltd's UK commercial laundry business from Quill International Group. Powles Hunt is a leading supplier of professional laundry products in the United Kingdom with annual sales of approximately $5 million. No further details regarding the transaction were announced. Douglas M. Baker, Jr.,...

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Mergers & Acquisitions

Hill International Completes Acquisition of James R. Knowles (Holdings) PLC

MARLTON, N.J.-- Sept. 1, 2006--Hill International (Nasdaq:HINT), the worldwide construction consulting firm, announced today that its offer for all of the issued share capital of James R. Knowles (Holdings) PLC (LSE:JRK.L), has been declared unconditional in all respects. Hill now owns 20,431,031, or approximately 96.5%, of Knowles' 21,171,853 total shares outstanding, for which it has received...

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Mergers & Acquisitions

Avocent Completes LANDesk Acquisition

HUNTSVILLE, Ala.-- Sept. 1, 2006--Avocent Corporation (NASDAQ:AVCT) announced today it completed the acquisition of LANDesk Group Limited, a privately-held corporation, on August 31, 2006. LANDesk was acquired for an initial consideration of approximately $400 million, including $200 million in Avocent stock and $200 million in cash, plus assumed unvested employee stock options. The LANDesk...

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Mergers & Acquisitions

Chemtura Announces Intent to Acquire Kaufman Holdings

Chemtura to Gain Strong Positions in High-Growth Lubricants for CFC-Free Refrigeration Compressors and High-Purity Synthetic Lubricants MIDDLEBURY, Conn. & FORDS, N.J.-- Dec. 21, 2006--Chemtura Corporation (NYSE: CEM) and Kaufman Holdings Corporation announced today that they have signed a letter of intent for Chemtura to acquire Kaufman's stock in a cash transaction expected to close in the...

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