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...
U.S. group Advent wins $5 billion battle for Britain’s Cobham
U.S. private equity firm Advent International won its battle to buy Britain’s Cobham for $5 billion on Monday, taking advantage of the weak pound to pounce on the defence and aerospace group that pioneered air-to-air...
Senvion says received no bids for entire business, layoffs from September
Bankrupt German wind turbine manufacturer Senvion said on Wednesday is that has not been successful in finding a buyer for all of its turbine business, and that layoffs are expected to occur from September. “We are now...
Lenders angry with Sanjeev Gupta for taking Liberty with top bids
When an insolvency appeals court ordered the liquidation of bankrupt Amtek Auto Ltd last week, lenders lost hope of recovering much of the dues worth ₹12,603 crore owed by the once thriving auto parts maker. Many of...
Indian tool maker JK Files in talks to acquire Turkey’s Makina Takim: sources
Indian industrial tool manufacturer JK Files is in talks to take over Turkey’s Makina Takim, two people familiar with the situation told Reuters. Makina Takim’s parent Gozde Girisim put its 83% stake in the company...
Pumps and valves maker Crane makes $894-million hostile bid for rival Circor
U.S. industrial manufacturer Crane Co on Tuesday made a hostile takeover bid for smaller rival Circor International Inc for about $894 million, after an earlier offer was rejected by Circor’s board. Crane’s cash offer...
Private equity firm ADV Partners buys Tata DLT
Tata International and Sri Lanka-based Dutch Lanka Trailer Manufacturers (DLTM) are about to sell their 50-50 joint venture company Tata International DLT (Tata DLT) to Canyon Point Investment, a wholly-owned subsidiary...
Welspun Corp contemplating proposal to buyback equity shares at face value
Welspun Corp Ltd, the flagship firm of the Welspun Group, Friday said its board will meet next week to consider buyback of shares. A board meeting of the company will be held on May 14, 2019 to consider proposal...
Atlas Copco to buy cryogenics business from Brooks in $675 million deal
Swedish compressor and vacuum pump maker Atlas Copco is buying U.S.-based Brooks Automation’s cryogenic business in a $675 million cash deal to expand its vacuum technology portfolio, the companies said late on Monday...
Germany’s Knorr Bremse to decide on IPO in September: Boersen-Zeitung
German brake systems maker Knorr-Bremse will decide on a possible stock market flotation in September, Chief Financial Officer Ralph Heuwing told German daily Boersen-Zeitung. “As soon as everyone is back from vacation...
Exide Industries to acquire Tudor’s factory in Gujarat
Industrial and automotive battery maker Exide Industries Ltd on Monday announced it had reached an agreement with Tudor India Pvt Ltd to acquire its factory in Gujarat at an undisclosed price that is expected to be less...
Alstom signs $3 billion agreement with GE to exit energy joint ventures
French manufacturing group Alstom (ALSO.PA) said on Thursday it had signed an agreement with General Electric (GE.N) to exit three joint ventures in return for a payment of 2.594 billion euros ($3.08 billion). The three...
