Drug developer Bristol-Myers Squibb Co. has received a $2.7 billion payment from Anglo-Swedish counterpart AstraZeneca PLC as part of the sale of its global diabetes business, a deal that could eventually be worth more than $4 billion.
Post Holdings Inc. is buying the PowerBar and Musashi brands from Nestle SA, further diversifying its business by expanding into the active nutrition category. The PowerBar and Musashi brands make premium bars, powders and gels. Musashi is a leading sports nutrition brand in Australia.
The Federal Trade Commission said Friday it has approved Thermo Fisher Scientific Inc.'s $13.6 billion acquisition of Life Technologies Corp., as long as the scientific instrument maker sells some assets to a unit of General Electric Co.
Check out some of this week's top headlines from across Manufacturing.net, from an 83-year-old nun awaiting a sentence for sabotage to Obama's State of the Union speech. Also, Toyota may recall cars because the seats might not meet flammability standards, and Snowden says the NSA also spied on industry.
The deal will rid Google Inc. of a financial headache that has plagued the Internet company since buying Motorola Mobility for $12.4 billion in 2012. Motorola has lost nearly $2 billion since Google took over, while trimming its workforce from 20,000 to 3,800.
The rumors are true — Chrysler and Fiat have been merged into a single company under the name Fiat Chrysler Automobiles NV. Along with the new name is a completely new logo. We want to hear your thoughts.
Sony Semiconductor Corp., a Sony unit, will take over some 80 percent of the about 680 workers as of last Oct. 1 at the Tsuruoka semiconductor plant in Yamagata Prefecture to produce image sensors for smartphones and cameras.
Fiat's board of directors agreed on the name Fiat Chrysler Automobiles NV, with headquarters for tax purposes in the United Kingdom. But the board sidestepped the thorny political issue of whether the true headquarters would be in the United States or Italy.
Martin Marietta Materials is buying Texas Industries in an all-stock deal worth $2.06 billion. Martin Marietta says the combined company will be a leading supplier of aggregates and heavy building materials with a strong presence in large, fast-growing markets.
The American tech giant's London office confirmed a deal had been made but refused to offer a purchase price, which is reportedly $500 million. The company was founded by researcher Demis Hassabis together with Shane Legg and Mustafa Suleyman.
Qualcomm Inc. said Thursday it has acquired patents once owned by smartphone maker Palm Inc. from Hewlett-Packard for an undisclosed amount. Qualcomm says the purchase covers 1,400 U.S. patents and about 1,000 more foreign patients for the company's mobile computing technology.
Lenovo, the world's biggest personal computer maker, said Thursday it expects to offer jobs to 7,500 IBM employees as part of its acquisition of the x86 server business. The acquisition will accelerate Lenovo's moves to expand beyond its traditional PC business, said Peter Hortensius, a senior vice president.
Verizon said the acquisition will help it accelerate the development of a next-generation video services based on Internet protocols and reduce the cost of building its own. Currently, Verizon FiOS video subscribers can stream some live channels over mobile devices, but the selection is limited and most channels can't be viewed outside the home.
Astronics Corp., which makes products for aerospace, electrical power and other industries, says it's buying the test and services division of EADS North America for $53 million in cash. The company said Tuesday that the deal is expected to close next month, and the price could be adjusted for working capital.
Fiat SpA said Tuesday that it closed the deal announced Jan. 1 with the cash payment of $1.75 billion to a union-controlled trust fund. That's on top of an initial $1.9-billion payment, which was arranged through a special distribution from Chrysler. Fiat also made the first installment on an additional $700 million payment.
Hedge fund Third Point LLC said Tuesday that it has acquired a significant stake in Dow Chemical and wants the company to spin off its petrochemicals division. Dow Chemical Co. shares jumped $2.25, or 5.2 percent, to $45.32 in morning trading after rising as high as $46.70 earlier. The stock has been trading around six-year highs.
Tyson Foods, one of the world's largest meat-processing companies, says it's acquired the assets of Bosco's Pizza Co. of Warren, Mich. Bosco's produces a variety of stuffed bread sticks and frozen pizzas for food service and retail customers throughout the Midwest and at some national retailers.
InBev never really wanted to part with the leading South Korean brewer, but decided to sell it in 2009 to KKR and Affinity Equity Partners for $1.8 billion, as part of a strategy to reduce debt during the financial crisis. The deal has proved highly lucrative for the private equity firms.
The sale of Beechcraft to Cessna Aircraft's parent company, Textron, is expected to close in the first half of this year, pending government approvals. The companies announced last month that Textron had finalized a deal to buy Beechcraft for about $1.4 billion.
The move is part of efforts by the Japanese electronics manufacturer to accelerate outsourcing of its slumping semiconductor manufacturing operation. Last month, the company said it will sell off three of its semiconductor plants in central Japan to an Israeli chipmaker.
Shareholders in Delcam today voted to accept the offer made by Autodesk to acquire the company. The acquisition is expected to be completed during February. The company’s range of design, manufacturing and inspection software provides automated CADCAM solutions for a variety of industries, ranging from automotive and aerospace to footwear and healthcare.
Johnson & Johnson is being offered $4.15 billion by The Carlyle Group for its Ortho-Clinical Diagnostics business.The New Brunswick, N.J., company has until the end of March to decide whether to accept the offer.
The planned $13.62 billion acquisition of the owner of Jim Beam and Maker's Mark by a Japanese company adds two more classic brands to the lineup of bourbon staples tied to foreign-based parent companies. Wild Turkey and Four Roses are other historic brands with foreign ownership connections.
A group led by Hong Kong billionaire Richard Li is offering $55 million at auction for Fisker Automotive, just days after a judge rejected a private sale of the failed electric-vehicle manufacturer. Hybrid Technology's conditional offer includes $30 million cash and $25 million in credit for what it's owed as Fisker's senior secured lender.
Beam, the maker of Jim Beam and Maker's Mark alcohol brands, has agreed to be acquired by Japan's Suntory Holdings Ltd. for approximately $13.62 billion. The companies put the deal's value at about $16 billion, including debt.