Mergers and Acquisitions
United Technologies merger settlement approved
May 29, 2013 4:49 pm | by FREDERIC J. FROMMER - Associated Press - Associated Press | News | CommentsA federal judge has approved a settlement in which United Technologies Corp. will sell some of its assets as part of its $18.4 billion purchase of aerospace-parts maker Goodrich Corp., the largest merger in aircraft industry history. The settlement between Hartford, Connecticut-based United Technologies and the Justice Department was approved Wednesday by U.S. District Court Judge Ketanji Brown Jackson.
GlaxoSmithKline buys vaccine developer Okairos
May 29, 2013 4:10 pm | by The Associated Press | News | CommentsBritish drugmaker GlaxoSmithKline PLC said Wednesday that it will buy Okairos AG for about $323 million, gaining the Swiss vaccine developer's products. GlaxoSmithKline said Okairos is studying vaccine technology that could be used in shots that can both prevent and cure infections or diseases.
BMC Software agrees to be sold for $6.6 billion
May 6, 2013 9:50 am | by The Associated Press | News | CommentsBMC Software says it has agreed to be sold to a private investor group for about $6.6 billion in cash. BMC Software Inc. makes system management software for businesses. The Houston-based company says that the deal is for $46.25 per share. That's less than 2% above Friday's closing stock price of $45.42.
Honeywell to acquire RAE Systems for $340M
April 23, 2013 11:12 am | by The Associated Press | News | CommentsHoneywell International Inc. is buying privately held gas and radiation detection system maker RAE Systems Inc. for $340 million. Minneapolis-based Honeywell, which makes products ranging from aircraft systems to automotive parts and chemicals, said the acquisition will complement its existing business and expand its expertise and its geographic footprint, particularly in high-growth countries like China.
Survey: Firms still reluctant to make acquisitions
April 21, 2013 7:02 pm | by PAN PYLAS - Associated Press - Associated Press | News | CommentsCompanies around the world are still reluctant to go on the acquisition trail even though they are becoming are more confident about the global economy, a survey found Monday. In its half-yearly assessment of the intentions of big companies, accounting and consultancy firm Ernst & Young said the growing optimism has yet to be translated into more investment or corporate deal-making.
Report: Blackstone drops out of race to buy Dell
April 18, 2013 11:18 pm | by The Associated Press | News | CommentsThere appears to be one less bidder pursuing an acquisition of slumping personal computer maker Dell. The Wall Street Journal reports that the Blackstone Group has retreated from its plans to submit an offer to buy most of Dell Inc.'s outstanding stock for $14.25 per share.
Thermo to acquire Life Technologies
April 16, 2013 7:30 am | News | CommentsThermo Fisher Scientific Inc. and Life Technologies Corporation have signed a definitive agreement under which Thermo Fisher will acquire Life Technologies for $76.00 in cash per fully diluted common share, or approximately $13.6 billion, plus the assumption of net debt at close ($2.2 billion as of year end 2012).
First Solar in strategic shift, buys TetraSun
April 9, 2013 5:10 pm | by JONATHAN FAHEY - AP Energy Writer - Associated Press | News | CommentsFirst Solar Inc., in a major strategic shift, will begin making a type of solar panel it has long competed against in an effort to win new customers. First Solar announced Tuesday it would acquire TetraSun, which has developed a design for high-efficiency solar panels, from JX Nippon Oil & Gas Energy Corp.
Ohio-based group buys BAE Systems division
February 25, 2013 7:03 pm | by The Associated Press | News | CommentsA Cincinnati-based security and defense products company says it has completed the purchase of the commercial armored vehicle division of BAE Systems for about $10 million. The CEO of the O'Gara Group Inc. and BAE Systems PLC said Monday that the O'Gara group completed the purchase of the West Chester-based BAE division.
Laird Technologies acquires Nextreme Thermal Solutions technology
February 13, 2013 2:20 pm | News | CommentsLaird Technologies Inc. announced the acquisition of Nextreme Thermal Solutions Inc. Nextreme’s technology, delivering high-precision cooling in an ultrasmall form factor, will advance Laird’s leadership in its existing thermal management business.
IBM to acquire Star Analytics business software
February 1, 2013 3:33 pm | by The Associated Press | News | CommentsIBM said Friday that it will acquire the software of privately held Star Analytics Inc., adding to its business analytics division. The financial terms of the deal were not disclosed. IBM Corp. said that Star Analytics software helps automate some reporting systems within companies and can eliminate some manual processes for tracking data that can take longer.
PPG, Georgia Gulf complete $2.5B chemicals deal
January 28, 2013 1:59 pm | by The Associated Press | News | CommentsPPG has completed the sale of its $2.5 billion commodity chemicals business to Georgia Gulf, the companies said Monday. The combination of the former PPG unit and Georgia Gulf has been renamed Axiall Corp., which will start trading Tuesday on the New York Stock Exchange under the "AXLL" ticker.
NeoPhotonics buying Rohm optical unit for $37M
January 22, 2013 10:29 am | by The Associated Press | News | CommentsNeoPhotonics is buying a semiconductor optical components division of Japan's Rohm Co. for $36.8 million, saying Tuesday that the purchase could give it better tools for telecommunications customers. The unit, which is part of Rohm subsidiary Lapis Semiconductor Co., provides lasers and other devices for high-speed communications networks.
Illumina buying Verinata in up to $450M deal
January 7, 2013 7:33 am | by The Associated Press | News | CommentsGenetic analysis instrument company Illumina is buying prenatal testing company Verinata Health Inc. in a deal worth up to $450 million. Illumina Inc. said Monday that it will pay $350 million for privately-held Verinata and may pay up to an additional $100 million through 2015 if certain targets are met.
