Cerberus is looking to sign a confidentiality agreement with BlackBerry that would allow it to access the company's private information, an official familiar with the situation said Wednesday on condition of anonymity. The official spoke on condition of anonymity because the person was not authorized to discuss the private talks.
Agricultural business giant Monsanto Co. reported worse-than-expected losses for its fiscal fourth quarter on Wednesday, due to lower sales of its genetically engineered seeds.The company forecast for fiscal 2014 also came in below Wall Street expectations, and it revealed plans to buy farming software and data firm The Climate Corporation.
Lorillard Inc., the third-biggest U.S. tobacco company, has acquired U.K.-based electronic cigarette maker SKYCIG for 30 million pounds (about $49 million) to expand its global presence in the fast-growing business.
Cooper Tire & Rubber shareholders have approved its $2.2 billion acquisition by India's Apollo Tyres Ltd. The deal, which was announced in June, gives Cooper stockholders $35 per share in cash. The companies valued the transaction at about $2.5 billion.
Actavis said it will sell generic versions of three oral contraceptives and Warner Chilcott's post-menopausal osteoporosis drug Atelvia to Amneal Pharmaceuticals. It did not disclose terms of the sale. The Federal Trade Commission said the move will preserve competition and help keep prices down.
Smithfield Foods Inc. on Thursday completed its sale to Shuanghui International Holdings Ltd., the largest shareholder of China's biggest meat processor.The $34 per share deal approved by shareholders earlier this week is the largest takeover of a U.S. company by a Chinese firm, valued at about $7.1 billion including debt.
Emerson (NYSE: EMR) has announced today its intent to purchase Virgo Valves and Controls, LTD, a manufacturer of ball valves and automation systems headquartered in Pune, India. Virgo will operate within Emerson Process Management’s final controls business. Terms of the transaction were not announced.
Ford Motor Co. is acquiring Livio, a Michigan-based company whose software allows drivers to connect with their smartphone applications. Ford's chief technical officer, Paul Mascarenas, said Ford paid less than $10 million for the 11-person startup. Livio will become a wholly owned subsidiary of Ford.
Flow International Corporation (Nasdaq: FLOW) has today announced that it has entered into a definitive agreement to be acquired by American Industrial Partners (AIP), a North American-based private equity firm, in a transaction valued at more than $200 million.
Billionaire investor Carl Icahn's company is forming a new railcar joint venture that will include American Railcar Industries Inc. Icahn Enterprises LP bought a controlling stake of St. Charles, Mo.-based American Railcar Industries in 2010.
Stryker is buying Mako Surgical for about $1.41 billion, giving the medical device maker access to all of its robotic assisted surgery technology. Stryker will pay $30 per Mako share, an 86 percent premium to its $16.17 closing price Tuesday. The companies put the deal's value at about $1.65 billion.
Illinois Tool Works will attempt to sell its industrial packaging business by the middle of next year. The company had said in February that it was reviewing its options for the business, which had revenue last year of $2.4 billion.
The deal, which is expected to close Thursday, will be the largest takeover of a U.S. company by a Chinese firm, valued at about $7.1 billion including debt. Its sale to Hong Kong-based Shuanghui comes at a time of serious food safety problems in China, some of which have involved Shuanghui.
Invensys has acquired HMI and intelligent device software maker InduSoft in order to expand its HMI and SCADA offerings for OEM sector. InduSoft, headquartered in Austin, Texas, has delivered more than 250,000 HMI software licenses to more than 700 customers worldwide, who embed the software into their products. Terms of the agreement were not announced.
PPG Industries Inc. plans to move 500 workers — including 300 from AzkoNobel's recently acquired North American decorative coatings business — to western Pennsylvania within 18 months.The $1.05 billion AzkoNobel acquisition in April added paint brands like Glidden to PPG's Pittsburgh Paints and Olympic brands.
Chip-making equipment manufacturer Applied Materials is acquiring Tokyo Electron Ltd., a rival maker of equipment for production of semiconductors, flat panel displays and solar panels. The two companies said their $9.39 billion all-stock transaction will result in the creation of a new company with a market capitalization of about $29 billion.
The tentative deal comes just days after the Canadian company announced plans to lay off 40 percent of its global workforce. The offer price is below what BlackBerry was trading at before the layoff announcement.Analysts say that although BlackBerry's hardware business is not worth anything, the company still owns valuable patents.
Smithfield Foods Inc.'s largest shareholder says it will vote in favor of a proposed takeover by a Chinese meat producer after failing to find an alternative bidder. Starboard Value LP had said earlier this month that that it would vote against Shuanghui International Holdings Ltd.'s $34 per share offer because it wanted more time to seek alternatives that would provide better shareholder value.
Verenium focuses on developing and selling high-performance enzymes used in food and fuel markets. BASF is a diversified company whose products range from chemicals, plastics and performance and crop protection products to oil and gas.
EnerSys said Wednesday that it reached a deal to buy Purcell Systems Inc. for $115 million. Spokane, Wash.-based Purcell designs, manufactures and markets thermally-managed electronic equipment and battery cabinet enclosures for telecommunication, broadband, utility, rail and military uses.
Huntsman said Tuesday it also will assume $225 million in unfunded pension liabilities as part of the acquisition of performance additives and titanium dioxide businesses from Rockwood Holdings Inc. Texas-based Huntsman said it expects the deal to add about 60 cents per share to its annual earnings.
Metals maker Allegheny Technologies Inc. plans to sell its tungsten materials business for $605 million to Kennametal Inc. The Pittsburgh company said Monday that the deal gives it better financial flexibility as Allegheny Technologies, or ATI, focuses on growth opportunities in its high-performance metals and flat-rolled products segments.
The U.S. Federal Trade Commission cleared Honeywell International Inc.'s acquisition of Intermec Inc. on Friday, on one condition.Honeywell will have to license the patents needed to make two-dimensional bar code scanners to Italian rival Datalogic for 12 years.
Packaging Corp. of America is buying Boise for about $1.27 billion, acquiring additional containerboard needed to support its growth. Boise, a maker of packaging and paper products, is based in Boise, Idaho. If the deal is completed, Packaging Corp.'s containerboard capacity will rise to 3.7 million tons from 2.6 million tons.
Laser and optics manufacturer II-VI Inc. has acquired the semiconductor laser business of Oclaro Inc. for $92 million. Oclaro's shares jumped 30 percent to $1.38 before the opening bell Thursday. II-VI is acquiring semiconductor laser technology used in laser system products for material processing, medical, consumer and fiber optic communications.