Reliance Steel & Aluminum Co. is buying Metals USA Holdings Corp. for about $766.1 million. Reliance said Wednesday that it will pay $20.65 per Metals USA share. That's a 13 percent premium to Tuesday's closing price of $18.30. The companies put the deal's total value at around $1.2 billion.
Shares of Dell are climbing in premarket trading Tuesday on reports the personal computer maker is nearing a deal to go private worth between $23 billion and $24 billion. The transaction is said to involve a group including Microsoft Corp., private equity firm Silver Lake and CEO and company founder Michael Dell.
Trelleborg Wheel Systems Industrial Tires has today signed an agreement to acquire Industriebanden Beheer BV, the Netherlands-based industrial tire specialist that offers a range of industrial tire supply and service solutions to the material handling industry in the Netherlands.
Contract electronics manufacturer Jabil Circuit Inc. said Monday that it will buy Nypro Inc., which provides manufactured precision plastic products for customers in the healthcare, packaging and consumer electronics industries, for about $665 million.
Oracle will buy Acme Packet Inc., which makes equipment for telecommunications companies, for about $2.1 billion. Acme's gear is used by more than 1,900 service providers and enterprises around the world. Its technology will complement Oracle's offerings for telecoms providers, said Citigroup analyst Walter Pritchard.
The Carlyle Group said Monday that it has completed its acquisition of DuPont Co.'s performance coatings business for $4.9 billion. DuPont had said in August, when the deal was announced, that it wanted to focus on more profitable and faster-growing businesses, such as agriculture and advanced materials.
Although Grupo Modelo owns Corona and other brands, those beers are distributed in the U.S. through a joint venture between Modelo and Constellation called Crown Imports. To address antitrust concerns over its deal with AB InBev, Modelo had planned to sell its half of Crown Imports to Constellation.
Daimler said it will pay 640 million euros ($875 million) for 12 percent of BAIC Motor, a unit of Beijing Automotive Industries Corp., with which it manufactures Mercedes Benz cars. Daimler said the investment was in preparation for a possible initial public stock offering by BAIC Motor.
The government said the deal could lead to higher beer prices in the U.S. because it would substantially reduce competition in the domestic beer market, particularly in 26 metropolitan areas. It said the merged firm would control nearly half the beer sales in the U.S.
Networking equipment maker Netgear Inc. is buying Sierra Wireless Inc.'s AirCard business for $138 million in cash, the companies said Monday. Netgear will assume $6.5 million in liabilities, 160 employees and facilities in Carlsbad, Calif., and Richmond, British Columbia, where Sierra Wireless is based.
According to a filing in U.S. bankruptcy court, McKee Foods has offered $27.5 million in cash for the cake brands, which include Devil Dogs, Funny Bones and Yodels. The fate of Twinkies and other Hostess cakes are still being negotiated with other bidders. The "stalking horse" bid by McKee would set the floor for an auction process that lets competitors make better offers.
A published report says McKee Foods Corp. is offering to pay between $25 million to $30 million to acquire the Drake's brand from Hostess Brands Inc. The report late Friday in The Wall Street Journal cited unnamed people familiar with the negotiations between the two packaged food companies. McKee, based in Collegedale, Tenn., makes Little Debbie snack cakes.
Belkin, a maker of smartphone cases and computing accessories, said Thursday that it is buying the home networking business unit of Cisco, including the Linksys router brand. Privately held Belkin, based in Playa Vista, Calif., did not disclose the purchase price, nor did Cisco Systems Inc. The deal is expected to close in March.
Specialty drugmaker Allergan is buying migraine headache drug developer MAP Pharmaceuticals Inc. for about $882.5 million as it looks to expand its migraine treatments. MAP's Levadex is an oral drug for the potential treatment of migraine headaches in adults. It is currently under review with the Food and Drug Administration.
If Microsoft joins in a Dell buyout, CNBC and the Journal say the software maker would contribute $1 billion to $3 billion. That amount would make Microsoft Corp. a minority investor in a complex deal expected to cost $23 billion to $27 billion if it's completed.
NeoPhotonics is buying a semiconductor optical components division of Japan's Rohm Co. for $36.8 million, saying Tuesday that the purchase could give it better tools for telecommunications customers. The unit, which is part of Rohm subsidiary Lapis Semiconductor Co., provides lasers and other devices for high-speed communications networks.
Specialty chemicals maker OM Group Inc. said late Monday that it reached a deal to sell the downstream portion of its advanced materials business to a new joint venture for at least $325 million. The deal includes an initial cash payment of $325 million and potential future payments of up to an additional $110 million, if the business meets certain targets over the next three years.
Copper miner Inmet Mining Corp. is in talks with several parties who may help it fend off a $5.1-billion hostile takeover by First Quantum Minerals and is urging shareholders to reject First Quantum's bid. Inmet said Tuesday discussions are ongoing with several unidentified interested parties.
Medical device maker Stryker is buying orthopaedic products maker Trauson Holdings Co. for $764 million in order to expand its business in China. Trauson's biggest shareholder, Luna Group, has agreed to tender 61.7 percent of the Trauson shares toward the offer, Stryker said. The acquisition is expected to close by the end of the second quarter.
Citing unidentified people familiar with the situation, Bloomberg News said Dell has discussed a potential sale with at least two firms that specialize in buying companies whose stocks have fallen out of favor. The report didn't name the interested firms. Dell Inc., based in Round Rock, Texas, declined to comment.
Switzerland's biggest watch maker, Swatch Group AG, will pay about $1 billion to acquire Canada's Harry Winston watch and jewelry brand, officials from both companies said Monday. The acquisition includes the Harry Winston production company in Geneva and more than 500 employees globally.
"Phonix has a strong track record of developing highly engineered, solution-specific valves for the most demanding applications and provides a unique opportunity to expand Curtiss-Wright's severe-service valve franchise in the chemical, petrochemical and power markets in Western Europe, China, India and Russia," said Martin R. Benante, Chairman and CEO of Curtiss-Wright Corporation.
Hostess has found a new home for its most popular breads, including the iconic Wonder bread.The bankrupt maker of Twinkies, Devil Dogs and other snack cakes said late Friday that it selected bids by rival bakery Flower Foods Inc. to buy six of its bread brands for $390 million.
Hexagon AB, leading global provider of design, measurement and visualization solutions, has acquired New River Kinematics (NRK), a U.S. based engineering company that specializes in 3D analysis software for portable metrology applications. Founded in 1994, NRK completely revolutionized coordinate measurement with the first metrology software to introduce a three dimensional graphic environment for portable metrology.
Autodesk has completed its buyout of privately held German software company PI-VR, a deal designed to broaden its work for the automobile industry. Financial terms were not disclosed. Autodesk Inc. develops computer-aided manufacturing software used by designers, engineers in industries such as manufacturing, architecture, building and construction.