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Owner of Crouse Hinds buys Syracuse lighting company

2015-10-31 08:37:33| Industrial Machines - Topix.net

Eaton Corp., the owner of industrial lighting manufacturer Crouse-Hinds, has quietly purchased Ephesus Lighting Inc., a young but growing Syracuse company that makes LED lighting for sports stadiums. No formal announcement of the acquisition has been made by either company, but Eaton Chairman and CEO Alexander Cutler reported it matter-of-factly deep inside the company's third-quarter earnings report Friday morning.

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Iliad founder Niel buys 11% stake in Telecom Italia

2015-10-29 15:29:00| Telecompaper Headlines

(Telecompaper) French billionaire Xavier Niel, founder of internet provider Iliad, has acquired the equivalent of an 11.2 percent voting stake in Telecom Italia, according to a filing with Italian markets regulator Consob. The development comes just a few days after French media conglomerate Vivendi, led by fellow billionaire Vincent Bollore, boosted its stake in Telecom Italia to just over 20 percent of the company's ordinary shares. Niel acquired a stake of around 6 percent via a personal investment company and an additional 5 percent through derivatives, according to unnamed sources cited by Bloomberg. Iliad is the parent company of French mobile operator Free, which has transformed the local telecoms sector since launching in 2012 with a low-tariff policy that has led to a 40 percent fall in prices. Niel has also invested in mobile operations in Switzerland (Orange) and Monaco (Monaco Telecom) in recent years. 

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Iliad's Niel reportedly buys into Telecom Italia

2015-10-29 01:00:00| Total Telecom industry news

Sources say French businessman has acquired around 11% of Italian incumbent.

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Steven Romick Sells CVS, Buys United Technologies

2015-10-28 21:52:06| Industrial Machines - Topix.net

Steven Romick is the portfolio manager of FPA Crescent Fund, a Los Angeles-based money management firm practicing a disciplined approach to value investing, prudently seeking superior long-term returns while maintaining a focus on capital preservation. He manages a portfolio of 59 stocks with a total value of $9,351 million and the following are the most weighted trades during the third quarter .

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Amcor buys U.S.-based perform maker Encon

2015-10-28 17:34:49| Canadian Plastics Headlines

Australia-based packaging solution provider Amcor Ltd. has purchased U.S.-based privately owned perform and PET bottle manufacturer Encon for $US55 million and will bring into its rigid plastics business arm. In a statement, Amcor said Encon which operates four manufacturing… The post Amcor buys U.S.-based perform maker Encon appeared first on Canadian Plastics.

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