Japan’s Toshiba Machine said on Wednesday it would officially oppose a takeover offer by activist investor Yoshiaki Murakami and hold a shareholders meeting on March 27 to seek approval for the adoption of defense...
Czech group Omnipol in talks over Aero Vodochody sale: report
Czech defense technology group Omnipol is in talks to buy aircraft manufacturer Aero Vodochody from investment group Penta, Omnipol’s biggest shareholder told the daily Hospodarske Noviny. “We have an agreement with...
Atlas Copco in $1.19 billion bid for German company Isra Vision
Atlas Copco on Monday made a takeover bid in cash for German vision technology group Isra Vision, valuing the company at 1.09 billion euros ($1.19 billion), including debt, expanding the Swedish company’s business in...
Stanley Black & Decker buys Boeing supplier CAM for $1.5 billion, with caveat
U.S. toolmaker Stanley Black & Decker Inc said on Wednesday it is acquiring Boeing Co supplier Consolidated Aerospace Manufacturing LLC (CAM) for as much as $1.5 billion, with a portion of the price contingent on...
BorgWarner to buy Delphi Technologies in $3.3 billion auto parts deal
BorgWarner Inc on Tuesday agreed to buy UK-based Delphi Technologies Plc in a $3.3 billion deal, as the U.S. auto parts maker positions itself to grab more sales in the fast-growing market for hybrid and electric...
UWIC collaborates with Japan’s YKK for windows, doors
The Japanese company representative Rajath Aggarwal said YKK was keen on expanding its foothold in India in collaboration with UWIC. Hyderabad headquartered building materials manufacturer UWIC Building Materials has...
France’s ENGIE to sell 74% stake in India business to Edelweiss’ fund
Energy firm Engie SA of France, one of the largest foreign solar power investors in India, said on Thursday that it will sell a 74% stake in its local solar business to Edelweiss Infrastructure Yield Plus (EIYP) fund...
Hexcel Corp and Woodward combine in merger valued at over $6 billion
Hexcel Corp, a composites technology company, and aircraft and industrial parts maker Woodward Inc said on Sunday they would combine in an all-stock merger of equals to create an integrated systems provider for the...
Volkswagen attracts bids for MAN Energy Solutions unit: sources
Volkswagen has attracted bids from Europe’s Innio, Japan’s Mitsubishi Heavy and U.S.-based Cummins for its MAN Energy Solutions, which makes diesel engines for ships and power generators, people close to the matter said...
Hyundai’s $1.8 billion deal with Daewoo hits EU antitrust hurdle
World No. 1 shipbuilding group Hyundai Heavy Industries Holdings Co Ltd’s $1.8 billion merger with rival Daewoo could inflate prices, EU antitrust regulators warned on Tuesday as they opened a full-scale investigation...
Japan’s Hoya to launch $1.4 billion counter-bid for Toshiba unit NuFlare
Japan’s Hoya Corp said on Friday it would make a $1.4 billion counter-bid for NuFlare Technology Inc in what could become a hostile offer for the Toshiba Corp unit, which the electronics conglomerate plans to buy out...
3M exploring $1 billion sale of drug delivery systems unit: Bloomberg
Industrial conglomerate 3M Co is exploring a sale of its drug delivery systems unit, which could fetch around $1 billion, Bloomberg reported on Friday, citing people with knowledge of the matter. The company is...
