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Tag: firms
Denmark's DSV stands by UTi bid after law firms question price
2015-10-14 09:59:13| Logistics - Topix.net
Oct 13 Danish logistics group DSV has no intention of raising its bid for U.S.-based UTi Worldwide Inc, it said on Tuesday after four law firms said they were investigating if the UTi board had agreed to sell the company too cheaply. DSV last week agreed to buy UTi at $7.10 per share in a $1.35 billion deal that would create the world's fourth-largest logistics provider, though the deal still needs to be approved by UTi shareholders.
Wabtec acquires Australian sensor systems firm's assets; FTC...
2015-10-13 06:23:02| Railroads - Topix.net
Wilmerding-based rail industry supplier Wabtec Corp. has acquired the assets of Track IQ, an Australian manufacturer of wayside sensor systems for the global train industry with annual sales of about $15 million. Office supplies retailer Staples Inc. has agreed with the Federal Trade Commission to extend the review period for its $6.3 billion takeover of Office Depot Inc. The regulator will decide on the deal by Dec. 8, the companies said.
Tags: systems
australian
assets
firms
Mining firms pull FTSE 100 higher
2015-10-09 09:55:53| BBC News | Business | UK Edition
Mining shares pull the London market higher after Glencore announces it is cutting its zinc production by a third.
Tags: higher
pull
firms
mining
UK firms develop drone-freezing ray
2015-10-08 16:43:19| BBC News | Business | UK Edition
Three British companies have created a device to deter drones from entering sensitive areas by freezing them mid-flight.
Tags: develop
ray
firms
firms develop
Firms backed by China tech giants merge
2015-10-08 10:02:25| BBC News | Business | UK Edition
Two firms backed by Chinese internet rivals Alibaba and Tencent are merging to create a new company that will offer a wide range of online services.
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