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Tag: spinoff
2. Marchionne's Fiat-GM merger plan may wait for Ferrari spinoff
2015-09-04 21:46:02| Automakers - Topix.net
While Fiat Chrysler Automobiles CEO Sergio Marchionne isn't known for his patience, he's likely to wait until next year before making a bid for General Motors after months of talk about the potential of a deal. The spinoff of Ferrari SpA, which is slated for early 2016, could be the catalyst for Marchionne to make an offer for the U.S. automaker.
Tags: plan
wait
ferrari
merger
SPX arranges $2.6B in credit for spinoff companies
2015-09-02 22:17:08| Electronics - Topix.net
SPX Corp. has closed on a pair of credit agreements, totaling $2.55 billion, for the two companies it will become after it spins off its flow business as a separate publicly traded company late this month. Both credit agreements involve a consortium of international banks including Bank Of America, Deutsche Bank, Bank of Nova Scotia, Credit Agricole, Bank of Tokyo-Mitsubishi, JPMorgan Chase Bank and SunTrust Bank.
Tags: credit
companies
arranges
spx
Silicon Valley tech giant buys Raleigh-based RTI spinoff for $39M
2015-08-28 02:25:40| Industrial Machines - Topix.net
Silicon Valley technology firm Tessera Technologies is acquiring Raleigh-based Ziptronix for $39 million in an all cash deal. The buyout means a big pay day for CEO Dan Donabedian and the rest of the six-person team, all of whom, Donabedian confirms, have equity in the company.
Tags: tech
valley
giant
silicon
DuPont Spinoff Chemours Closing Delaware Plant
2015-08-20 23:34:02| Chemicals - Topix.net
The Chemours Co., the former performance chemicals business spun off from the DuPont Co. earlier this year, is closing its Delaware titanium dioxide production facility.
Tags: plant
closing
delaware
dupont
Edgewell reports Q3 loss following Energizer spin-off
2015-08-06 06:28:47| Electronics - Topix.net
Edgewell Personal Care Co., formerly the personal care division of Energizer Holdings Inc., on Wednesday reported a third-quarter loss of $72.5 million, compared with a $64.5 million profit in the prior-year period.
Tags: reports
loss
energizer
spinoff
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