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EMC Buys Virtustream as Cloud M&A Heats Up; Bulls Positive on the Deal
2015-05-26 19:28:29| IT Services - Topix.net
Shares of EMC are down 40 cents, or 2%, at $18.47, after the company this morning said it will spend $1.2 billion in cash to buy six-year-old Bethesda, Maryland-based startup Virtustream , which runs cloud computing services for enterprises. EMC said Virtustream's focus on managing big applications for companies such as SAP programs, will extend the work that EMC already does with so-called "private cloud," where it simply sells infrastructure to companies for them to reorganize how they run those apps in their facilities.
Comment - Beer - SABMiller buys Meantime: Notes for the Careful New Owner
2015-05-26 13:23:00| Daily beverage news and comment - from just-drinks.com
Earlier this month, SABMiller announced the purchase of UK craft brewer Meantime Brewing Co. Larry Nelson has found the instruction manual.
Odey Asset Management's Top Buys Amid Portfolio Slashing ~...
2015-05-26 02:52:13| IT Services - Topix.net
Crispin Odey 's Odey Asset Management filed its 13F with the SEC for the reporting period of March 31. The investment manager has an equity portfolio worth $1.76 billion as of the reporting period and its primary stock holdings are in the consumer discretionary, finance, and technology sectors. While Odey initiated new positions in 20 stocks this quarter, his portfolio was otherwise slashed during the quarter, with many of his top positions being cut.
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A.P. Plasman buys U.S. auto parts maker Thermotech
2015-05-25 18:51:30| Canadian Plastics Headlines
Windsor, Ont.-based automotive parts maker A.P. Plasman has acquired injection molder Thermotech Inc., a manufacturer of auto components and other parts headquartered in Hopkins, Minn. Founded in 1949, Thermotech designs and manufactures I/M electrical and mechanical components and assemblies, primarily… The post A.P. Plasman buys U.S. auto parts maker Thermotech appeared first on Canadian Plastics.
'Prices could rise' if Reckitt buys KY Jelly
2015-05-24 19:23:48| Biotech - Topix.net
Consumer giant RB's attempt to buy KY Jelly has hit a snag after a watchdog warned it could "drive up prices for personal lubricants". RB, which was founded in Hull and was formerly known as Reckitt Benckiser, last March announced a move to buy the brand from current owner Johnson and Johnson.
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