-
Eurazeo To Acquire 45% Stake In Moncler
Monday, June 6, 2011 - 7:38am | 48Eurazeo Paris (PINK: EUZOF) reported that it has agreed to acquire a 45% stake in Moncler for EUR418 million. Moncler was founded in 1952 in Grenoble and its registered sales in 2010 were worth EUR429 million. Read more from Benzinga's Company news.
-
LKQ To Buy US Paint Distribution Business From AkzoNobel
Tuesday, May 17, 2011 - 3:36am | 110LKQ Corporation (NASDAQ: LKQX) announced its plans to buy the US paint distribution business, including 40 stores, from AkzoNobel Coatings Inc. "We have long admired the body shop solutions offered by AkzoNobel, recognized as a color technology leader and the world's largest coatings company,"...
-
Iron Mountain To Sell Its Assets To Autonomy For $380 million
Monday, May 16, 2011 - 5:23am | 117Iron Mountain Inc (NYSE: IRM) agreed to sell its online backup & recovery, digital archiving and eDiscovery solutions to Autonomy Corp (OTC: AUTNF) for $380 million cash. The deal is likely to close within 45 to 60 days. “This transaction is another significant step in delivering on the...
-
Teva To Acquire 57% Of Taiyo Pharmaceutical Industry for $460 million
Monday, May 16, 2011 - 2:17am | 190Teva Pharmaceutical Industries (NASDAQ: TEVA) announced its plans to acquire 57% of privately-held Taiyo Pharmaceutical Industry for $460 million in cash. Teva reported that it will also make an offer to purchase the remaining shares of Taiyo. The deal is likely to be accretive to GAAP earnings...
-
Wal-Mart To Buy Minority Stake In Yihaodian
Friday, May 13, 2011 - 5:25am | 141Wal-Mart Stores Inc (NYSE: WMT) agreed to buy a minority stake in the holding company of Chinese eCommerce company Yihaodian. Wal-Mart did not disclose the financial terms of transaction. The deal is likely to close within 60 days. Eduardo Castro-Wright, vice chairman, Wal-Mart Stores Inc and...
-
Hertz Global Offers To Buy Dollar Thrifty Automotive For $72 per share
Monday, May 9, 2011 - 7:00am | 109Hertz Global Holdings Inc (NYSE: HTZ) offered to purchase Dollar Thrifty Automotive Group Inc (NYSE: DTG) for $72 per share. Hertz will offer $57.60 in cash and 0.8546 of its own shares for every DTG share. The offer by HTZ represents a 3.3% premium to DTG's closing price on Friday and a 26%...
-
Applied Materials To Buy Varian Semiconductor Equipment Associates For $4.9 billion; Varian Semiconductor Shares Jump In Pre-Market Trading
Wednesday, May 4, 2011 - 6:42am | 129Applied Materials Inc (NASDAQ: AMAT) agreed to acquire Varian Semiconductor Equipment Associates Inc (NASDAQ: VSEA) for about $4.9 billion. Applied Materials will buy VSEA for $63 per share in cash, representing a 55% premium to Varian's closing price on Tuesday. Applied Materials is expecting...
-
UPDATE: TEVA To Buy Cephalon for $6.8 billion; Shares Rise In Pre-Market Trading
Monday, May 2, 2011 - 7:50am | 85Shares of Cephalon Inc (NASDAQ: CEPH) and Teva Pharmaceutical Industries (NASDAQ: TEVA) gained in pre-market trading after TEVA agreed to purchase Cephalon for $6.8 billion. Teva's cash offer of $81.50 per share represents a 6% premium over Cephalon closing price on Friday. CEPH shares gained 6....
-
Aetna Reports Q1 Profit of $586 million, Buys Prodigy Health Group
Thursday, April 28, 2011 - 6:35am | 129Aetna Inc (NYSE: AET) on Thursday released its results for the first quarter. AET reported its Q1 profit at $586 million, or $1.50 per share, up from $562.6 million, or $1.28 per share, in the year-ago period. The company's operating earnings increased to $1.43 per share from $0.98 per share. The...
-
Sohu.com Reports Upbeat Q1 Earnings, Purchases Shenzhen 7Road
Monday, April 25, 2011 - 7:06am | 104Shares of Sohu.com Inc (NASDAQ: SOHU) gained in pre-market trading after the company reported a 34% rise in its Q1 profit. The company also announced its plans to purchase a majority stake in a web-based game company Shenzhen 7Road Technology Co Ltd for $68.26 million. SOHU's Q1 net income came...
-
Silgan Holdings To Acquire Graham Packaging For $19.56 per share, Graham Packaging Shares Jump In Pre-Market Trading
Wednesday, April 13, 2011 - 7:02am | 178Shares of Graham Packaging Company Inc (NYSE: GRM) jumped in pre-market trading after Silgan Holdings Inc (NASDAQ: SLGN) agreed to purchase Graham Packaging for about $4.1 billion, including debt. Under the agreement, Silgan will acquire GRM for $19.56 per share, representing a 17% premium over...
-
Microsemi Purchases AML Communications For $2.50 per share
Tuesday, April 12, 2011 - 7:14am | 143Microsemi Corporation (NASDAQ: MSCC) signed a definitive agreement to purchase AML Communications Inc (OTC: AMLJ) for $2.50 per share in an all-cash deal. The total value of the transaction would be around $28 million, net of AMLJ's projected cash balance at closing. The deal is likely to close...
-
Ducommun To Buy LaBarge for $19.25 per share
Monday, April 4, 2011 - 7:15am | 141Ducommun Incorporated (NYSE: DCO) announced its plans to buy all outstanding stock of LaBarge Inc (AMEX: LB) for $19.25 per share in cash. As per the agreement terms, Ducommun will purchase all shares of LaBarge for a total purchase price of around $340 million, including the assumption of...
-
Motorola Mobility To Buy Dreampark
Wednesday, March 23, 2011 - 5:49am | 153Motorola Mobility Inc (NYSE: MMI) reported that it has entered into a definitive agreement to buy Dreampark, a leading IPTV software provider based in Norrkoping, Sweden. The transaction is likely to close in the second quarter of 2011. Terms of the deal were not disclosed. "This transaction...
-
Novartis Completes Takeover Of Alcon
Wednesday, December 15, 2010 - 8:35am | 202Novartis AG (NYSE: NVS) completed the $51 billion takeover of Alcon Inc (NYSE: ACL) by reaching a deal to purchase the remaining stake in ACL. Novartis will be acquiring the 23% of the remaining minority stake in Alcon for $12.9 billion. NVS will pay $168 per outstanding Alcon share, consisting of...