Mergers and Acquisitions
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Daily news and top headlines for manufacturing professionals

Hillshire Will Talk With Tyson, Pilgrim's Pride

June 3, 2014 8:02 am | News | Comments

The board of Hillshire Brands has decided to hold separate talks with Pilgrim's Pride and Tyson Foods, as the two major meat processors engage in a bidding war for the maker of Jimmy Dean sausages and Ball Park hot dogs.      

GE Chief Woos French Leader, Seeks Alstom Deal

May 29, 2014 3:37 pm | by Angela Charlton, Associated Press | News | Comments

The chief executive of General Electric is promising to create jobs in France and trying to charm the French president into backing a $17 billion GE buyout of manufacturer Alstom's energy operations.            

Tyson Makes Rival $6.2B Bid For Hillshire

May 29, 2014 9:34 am | News | Comments

Two days after poultry producer Pilgrim's Pride made a $5.58 billion bid for the maker of Ball Park hot dogs and Jimmy Dean sausages, Tyson Foods Co. barged in with a $6.2 billion offer.           


Apple Acquires Beats For $3B

May 29, 2014 7:53 am | by Michael Liedtke and Ryan Nakashima, AP Business Writers | News | Comments

Apple is buying more flair, swagger and song-picking savvy with its $3 billion acquisition of Beats Electronics, a headphone and music streaming specialist founded by rapper Dr. Dre and Jimmy Iovine.           

Valeant Raises Offer For Allergan

May 28, 2014 12:58 pm | by Tom Murphy, AP Business Writer | News | Comments

Valeant Pharmaceuticals has pumped more cash into its bid to buy Botox maker Allergan, and it also defended its business model on Wednesday, a day after its reluctant acquisition target aired more concerns about a deal.               

Applied Industrial Technologies To Acquire Knox Oil Field Supply

May 28, 2014 11:51 am | by Applied Industrial Technologies | News | Comments

Knox Oil Field Supply is a family owned and operated distributor of oilfield supplies and related services established in 1978. Products include downhole pumps, rods, valves and fittings, and general supplies.                

Nestle Paying $1.4B For Skin Treatments

May 28, 2014 7:53 am | News | Comments

Nestle says it is paying $1.4 billion in cash for the rights to sell lip and wrinkle treatment Restylane and other skin products in the U.S. and Canada.                  

Boeing Buys AerData

May 27, 2014 11:27 am | News | Comments

Boeing said Tuesday that it bought airplane software company AerData Group to offer its customers a way to manage maintenance records.                    


Pfizer Pulls Plug On Bid To Buy AstraZeneca

May 27, 2014 8:09 am | by Alex Veiga, AP Business Writer | News | Comments

Pfizer said Monday that it does not intend to make a takeover offer for British drug maker AstraZeneca, pulling the plug for now on what would have been the largest deal in the industry's history.           

Pilgrim's Pride Makes $5.58B Bid For Hillshire

May 27, 2014 7:57 am | News | Comments

Pilgrim's Pride says the deal is a better offer than Hillshire's plan to buy Pinnacle Foods for $4.23 billion. Pinnacle makes Birds Eye frozen vegetables and Duncan Hines cake mixes.            

Boeing Buys Fuel-Saving Software Maker

May 23, 2014 8:49 am | News | Comments

The Boeing Co. said Friday that it has agreed to buy British aviation software maker ETS Aviation to offer its customers a way to manage how much fuel it uses.               

GE To Delay Alstom Deal Vote

May 23, 2014 8:32 am | News | Comments

General Electric has agreed to give Alstom three additional weeks to consider GE's $17 billion offer for the French engineering company's energy-related operations.                  

Harman Acquiring AMX For $365M

May 22, 2014 3:07 pm | News | Comments

Harman International Industries Inc. said Wednesday that it is buying audio and visual equipment maker AMX LLC for $365 million.                        


Oregon Iron Works And Vigor Industrial To Merge

May 22, 2014 9:55 am | by Steven Dubois, Associated Press | News | Comments

The firms, both based in the Portland area, said joining Oregon Iron Works' fabrication abilities with Vigor's shipbuilding and marine-launch capabilities allows them to complete large-scale projects that neither company could do alone.         

Unilever Selling Ragu Brand For $2.15B

May 22, 2014 8:23 am | News | Comments

Unilever PLC says it has agreed to sell ownership of its Ragu and Bertolli brand sauces in North America to Japan's Mizkan Group for $2.15 billion.                     

Another AstraZeneca Shareholder Voices Criticism

May 21, 2014 3:06 pm | News | Comments

Another AstraZeneca shareholder has criticized the pharmaceutical company's handling of Pfizer's $119 billion takeover bid, saying it was "arguably wrong" to reject it quickly.             

Google Eyes Up To $30B In Foreign Buyouts

May 21, 2014 8:15 am | by Michael Liedtke, AP Technology Writer | News | Comments

Pressed to provide more details about its plans for its overseas cash, Google revealed that $20 billion to $30 billion is earmarked for the acquisition of foreign companies and technology rights held outside the U.S.            

Shareholder Urges AstraZeneca To Rethink Pfizer Bid

May 20, 2014 10:11 am | News | Comments

AstraZeneca shareholder Schroders has urged the pharmaceutical firm to reconsider its rejection of a takeover offer from U.S. drugmaker Pfizer.                  

Cobham Buying Aeroflex For $920M

May 20, 2014 8:44 am | News | Comments

Aeroflex, based in Plainview, New York, makes products and test equipment used by the aerospace, medical and wireless industries. Cobham makes everything from aircraft fuel tanks to antennas.            

AstraZeneca Board Rejects New Pfizer Offer

May 19, 2014 7:40 am | by Gregory Katz and Linda A. Johnson, Associated Press | News | Comments

Pfizer Inc., which is the world's second-biggest drug maker by revenue, has been courting No. 8 AstraZeneca PLC since January, arguing that their businesses are complementary and would be stronger together.        

Abbott Spending $2.9B On CFR Pharmaceuticals

May 16, 2014 8:27 am | News | Comments

Abbott Laboratories says it will spend about $2.9 billion to broaden its reach in Latin America with the acquisition of fellow drugmaker CFR Pharmaceuticals.                

Merck Makes Deal Worth At Least $600M With Santen

May 13, 2014 3:06 pm | News | Comments

Merck & Co. will receive at least $600 million in a deal with Japanese drug maker Santen Pharmaceutical Co. Ltd. for the purchase of Merck eye care products in several markets.            

Volkswagen To Complete Scania Purchase

May 13, 2014 8:50 am | News | Comments

German automaker Volkswagen AG has enough shares to take complete ownership of Swedish truck-maker Scania and move ahead with integrating its commercial vehicle business.                 

British Lawmakers Press Pfizer For Job Guarantees

May 13, 2014 8:14 am | by Danica Kirka, Associated Press | News | Comments

Lawmakers pressed the chief executive of Pfizer to guarantee jobs should the American company succeed in taking over London-based AstraZeneca, prodding him on whether he could be trusted to honor promises made as part of the bid.    

Qualcomm Managers Charged With Insider Trading

May 13, 2014 7:58 am | News | Comments

Two former Qualcomm Inc. managers were criminally charged with insider trading for allegedly buying shares of a semiconductor maker before Qualcomm announced an agreement to buy the company.           

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