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...
Cummins to explore sale of its filtration business – sources
Cummins Inc (CMI.N), a U.S. manufacturer of engines for large trucks, is preparing to explore the sale of a business that makes filters and coolants, potentially valuing it at more than $1.5 billion, according to people...
Marvell to buy back $1 billion of shares
Marvell Technology Group Ltd (MRVL.O) reported a better-than-expected quarterly profit and said it would buy back $1 billion of shares. Shares of Marvell, which has a market value of $6.88 billion, were up 6.6 percent...
Koch Industries’ investment arm buys more than $2 billion stake in Infor
The investment arm of Koch Industries, the industrial conglomerate of the billionaire Koch brothers, is spending more than $2 billion to take a significant stake in enterprise software provider Infor, the companies said...
Govt said to plan sale of 26% in BEML to meet deficit goal
New Delhi: India plans to sell a 26% stake in wagon maker BEML Ltd. as well as auction holdings in a clutch of other companies to help meet a record asset-sale target, people familiar with the matter said. The plan...
