Mergers & Acquisitions

Mergers & Acquisitions

Audiovox Closes Acquisition of Thomson Americas Consumer Electronics Accessory Business

HAUPPAUGE, N.Y., Jan. 29 -- Audiovox Corporation (NASDAQ:VOXX), announced today that it has completed its acquisition of Thomson's Americas consumer electronics accessory business for a total purchase price of approximately $59 million, which includes the working capital adjustment. As announced on December 21, 2006, Audiovox has acquired the rights to the RCA brand for Consumer Electronics...

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Mergers & Acquisitions

Harris Corporation's Microwave Communications Division and Stratex Networks, Inc. Complete Merger Creating a New Company - Harris Stratex Networks, Inc.

Combination Creates Largest Independent Global Provider of Wireless Transmission Network Solutions MELBOURNE, Fla. and SAN JOSE, Calif., Jan. 26 -- Harris Corporation (NYSE:HRS) and Stratex Networks, Inc. (NASDAQ:STXN) today announced the completion of the transaction that has created a new company -- Harris Stratex Networks, Inc. The new company brings together the former Harris Microwave...

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Mergers & Acquisitions

Kennametal to Acquire Remaining Ownership Interest in Spanish Affiliate

LATROBE, Pa., Jan. 29 -- Kennametal Inc. (NYSE:KMT) announced today that it has entered into a definitive agreement to acquire the remaining ownership interest in its Spanish affiliate, KENCI, S.A. Closing is planned for early April 2007 and remains subject to customary regulatory approvals and negotiated conditions of closing. KENCI has served as Kennametal's sales and service affiliate in Spain...

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Mergers & Acquisitions

MDS Offers to Acquire Molecular Devices for US$615 Million in Major Expansion of MDS Sciex Business

New MDS business unit offers broader array of customer solutions by combining leadership positions in Mass Spectrometry and Cellular Analysis Outstanding potential to exploit combined R&D expertise, a strengthened distribution channel and global manufacturing footprint Transaction expected to bring US$190 million in revenue and US$45-$50 million in EBITDA in the first year of ownership SUNNYVALE,...

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Mergers & Acquisitions

Cooper Industries Announces the Acquisition of Cybectec Inc.

New Products Offer Utilities Enterprise-Wide Access to Power System Data with Maximum Return on Investment HOUSTON, January 29, 2007 -- Cooper Industries, Ltd. (NYSE: CBE) today announced the acquisition of Cybectec, Inc., a privately held worldwide provider of products and software systems designed to assist utilities in modernizing their automation systems with revenues of $8.5 million over the...

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Mergers & Acquisitions

Abitibi-Consolidated Creates Venture in Energy Generation - Hydro Assets in Ontario to be Regrouped into ACH Limited Partnership

MONTREAL, Jan. 26 -- Abitibi-Consolidated announced today that it has entered into a binding letter of intent with the Caisse de depot et placement du Quebec to create a joint-venture for the Company's Ontario hydroelectric generation facilities. The Company will retain a 75% interest in the joint-venture, called ACH Limited Partnership, while the Caisse will acquire a 25% interest. The Caisse...

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Mergers & Acquisitions

Xantrex to Acquire Elgar and Enhance its Position as a World Leader in Advanced Power Electronics

VANCOUVER, Jan. 29: Xantrex Technology Inc. (TSX:XTX) announced today a strategic expansion of its programmable power business. Xantrex has entered into a definitive agreement to acquire Elgar Electronics Corporation for US$108 million in cash. Elgar, headquartered in San Diego, California, is a leading provider of programmable power products and systems with the broadest product portfolio in the...

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Mergers & Acquisitions

Stratex Networks Stockholders Approve Combination and Merger With Microwave Communications Division of Harris Corporation

SAN JOSE, Calif., Jan. 25: Stratex Networks (NASDAQ:STXN), announced that at today's special stockholders meeting, the stockholders of Stratex Networks, Inc. approved the combination with Harris Corporation's Microwave Communications Division and the other transactions contemplated by the Formation, Contribution and Merger Agreement previously entered into with Harris. Voting in favor of the...

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Mergers & Acquisitions

Zebra Technologies Completes Acquisition of WhereNet Corp.

VERNON HILLS, Ill., Jan. 26 -- Zebra Technologies Corporation (NASDAQ:ZBRA) today announced that it has completed the acquisition of WhereNet Corp., a leading global provider of active radio frequency identification (RFID) based wireless solutions to track and manage enterprise assets. As previously announced on January 11, 2007, Zebra agreed to acquire all of the shares of WhereNet for $126...

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Mergers & Acquisitions

RR Donnelley Completes Purchase of Perry-Judd's Holdings, Inc.

CHICAGO, Jan. 25: R.R. Donnelley & Sons Company (NYSE:RRD) today announced that it has completed its previously announced purchase of Wisconsin-based Perry-Judd's Holdings, Inc., a privately-owned printer of magazines and catalogs. The $176 million acquisition was announced on December 20, 2006. In connection with the closing of the purchase, Perry- Judd's Holdings, Inc. sent a notice to holders...

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