The U.S. Federal Trade Commission gave its blessing to Emerson Electric Co’s (EMR.N) acquisition of industrial valve manufacturer Pentair PLC (PNR.N) on condition that it sells Pentair’s switchbox business...
Sterlite Tech plans Rs 1,200 crore investment for new OFC plants
Buoyed by growth in net profit, optical fibre firm Sterlite Tech plans to invest up to Rs 1,200 crore to scale up its optical fibre cable production in two years. “Earlier we had announced increase of OFC...
Cosmo Films to invest Rs 250-cr to set up speciality polyester films plant
Cosmo Films Limited, a manufacturer of multiple types of bi-axially oriented polypropylene (BOPP) and cast polypropylene (CPP) films, is planning to invest Rs 250 crores to install a new production line for speciality...
Samsonite says to buy U.S. online bag retailer eBags for $105 million
Samsonite International S.A. (1910.HK) said on Friday it would buy U.S.-based online travel bags retailer eBags Inc for $105 million cash, as the luggage maker accelerates the growth of its e-commerce business in North...
3M to buy Johnson Controls’ safety gear business for $2 billion
3M Co (MMM.N) said on Thursday it would buy Johnson Controls International Plc’s (JCI.N) safety gear business, Scott Safety, in deal with an enterprise value of $2 billion. Scott Safety makes respiratory and...
Ducon eyes acquisitions in North America & Europe to accelerate growth
Ducon Infratechnologies Limited, a provider of technology solutions in digital and infrastructure space, will pursue inorganic strategy to accelerate its business growth actively. This strategy would not only fast?track...
Safran says will take account of Zodiac forecasts in takeover talks
Safran (SAF.PA) reaffirmed its interest in taking over aircraft parts manufacturer Zodiac (ZODC.PA) on Tuesday but said it would incorporate “the consequences” of Zodiac’s new financial forecasts into...
Visen Industries in talks with Edelweiss to raise Rs200 crore
Mumbai-based polymer emulsions maker Visen Industries Ltd is in talks to raise at least Rs200 crore from Edelweiss Special Opportunities Fund, two people aware of the development said. “Visen is in advanced talks with...
Stake sale plan, growth hopes keep BEML on investor radar
Shares of Bharat EarthBSE 4.67 % Mover Ltd (BEML), a manufacturer of heavy machinery for defence, railways, and mining, surged 15% on Monday -extending its gain of 27% in the past three months. Investor interest in the...
Stanley B&D moves into lawn and garden market with Craftsman buy
Stanley Black & Decker Inc (SWK.N), in its second big acquisition in three months, agreed to buy Sears Holdings Corp’s (SHLD.O) Craftsman brand, giving the company known mainly for power tools an entry into...
Fincantieri’s bid for STX France approved by South Korean court
A South Korean court approved Italy’s Fincantieri (FCT.MI) on Tuesday as the preferred bidder to buy shipbuilder STX France, helping Fincantieri move closer to a deal that could boost its position in the cruise...
Canada’s CCL to buy UK-based Innovia for $842 million
Canadian label and packaging maker CCL Industries Inc (CCLb.TO) said it would buy Innovia Group, whose unit is the supplier of Bank of England’s new plastic five-pound note that has fallen foul with vegetarians...
