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Avago to acquire Emulex for USD 606 mln
2015-02-26 08:17:00| Telecompaper Headlines
(Telecompaper) Avago Technologies announced a definitive agreement to acquire Emulex, a provider of integrated circuits for network connectivity, monitoring and management, for USD 606 million. Under the terms of the agreement, which has been approved by the boards of both companies, a subsidiary of Avago will make a bid of USD 8 per share cash for all of Emulex's shares. Avago expects to fund the transaction with cash available on its balance sheet. Avago said that Emulex's connectivity business fits well with Avago's existing portfolio serving the enterprise storage market. Emulex said it should benefit from Avago's capabilities to help accelerate its strategy to support next-generation server and storage architectures. Senior members of the Emulex management team and all of the directors of Emulex, collectively owning approximately 2.5 percent of Emulex's shares, have said they will support the bid. Pending regulatory approval, the takeover is expected to close in the second half of Avago's fiscal year ending 01 November.
Genesee & Wyoming to acquire major shares of Freightliner
2015-02-25 01:00:00| Railway Technology
US-based railroad holding company Genesee & Wyoming (G&W) has agreed to acquire around 95% of the shares of freight rail operator Freightliner from Arcapita and other shareholders.
Tags: major
shares
wyoming
acquire
Middleby Corp to acquire Marel high speed slicing business
2015-02-24 18:09:08| Industrial Machines - Topix.net
The Middleby Corporation based in Chicago, US, has acquired Marel's high speed slicing business mainly in bacon and deli slicing, for an undisclosed sum. The deal is expected to close before the end of first quarter 2015 with Marel, based in Norwich, in the UK, retaining its frozen portioning and robotics product families.
Tags: business
high
speed
corp
Land O'Lakes Inc. to Acquire FLM+
2015-02-24 11:30:42| Industrial Newsroom - All News for Today
New partnership will provide additional resources to federated cooperative system ARDEN HILLS, Minn. Land O'Lakes, Inc. is acquiring the assets of FLM+, a leading marketing communications and strategic consulting company with expertise in the agribusiness and rural community sector. The acquisition aligns the...
Remy International Enters Into a Definitive Agreement to Acquire Maval Manufacturing
2015-02-24 11:30:42| Industrial Newsroom - All News for Today
PENDLETON, Ind. Remy International, Inc. (NASDAQ: REMY), announced today that it has entered into a definitive agreement to acquire substantially all assets of Maval Manufacturing, Inc. ("Maval"), a Twinsburg, Ohio manufacturer, remanufacturer, and distributor of steering systems, components, and specialty...
Tags: international
agreement
manufacturing
acquire
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