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Hayssen Flexible Systems buys Italy-based equipment maker Schib Packaging
2014-10-15 17:05:00| Canadian Plastics Headlines
U.S.-based packaging equipment maker Hayssen Flexible Systems has purchased Italys Schib Packaging S.r.l, a producer of horizontal flow-wrapping machines as well as automatic feeders and automated wrapping systems.
Tags: systems
equipment
flexible
packaging
NetScout buys Danaher communications ops for USD 2.6 bln
2014-10-15 12:30:00| Telecompaper Headlines
(Telecompaper) Unified service delivery management specialist NetScout has agreed to buy Danaher's communications business for USD 2.6 billion in shares, creating a global provider of network management and cybersecurity systems. Danaher's communications business includes the market-leading brands of Tektronix Communications, Fluke Networks, and Arbor Networks. The data cabling tools business and carrier service provider tools business of Fluke Networks will be excluded from the transaction. Danaher's communications business generated USD 836 million in revenue for thr fiscal year to end December 2013, while NetScout generated USD 397 million in revenue for the fiscal year to end March. Following the sale, Danaher executive VP James Lico will join NetScout's board of directors. The current NetScout executive team will remain in place at the combined company, including co-founder and CEO Anil Singhal. The transaction is subject to customary closing conditions, including obtaining regulatory and NetScout shareholder approval. The acquisition is expected to close next year. Until such time, the communications business will continue to operate separately from NetScout.
Tags: communications
usd
buys
ops
Qualcomm buys CSR for USD 2.5 bln
2014-10-15 09:33:00| Telecompaper Headlines
(Telecompaper) Qualcomm has agreed to acquire Wireless chip specialist CSR in a transaction valued at GBP 1.56 billion, or USD 2.5 billion, Bloomberg reported. CSR shareholders will get 900 pence per share, 37 percent than the closing share price on 14 October. CSR directors said they will recommend the offer to investors.
American Midstream Partners buys Costar Midstream for $470 million
2014-10-15 08:34:24| Oil & Gas - Topix.net
American Midstream Partners LP has bought Costar Midstream LLC for $470 million, with its CEO saying the Denver oil and gas pipeline company "is now operating in a majority of the key energy resource plays in the U.S." American Midstream , which went public in 2011, bought Dallas-based Costar, an onshore gathering and processing company, from Energy Spectrum Partners VI LP and Costar management. The sale closed Tuesday.
Tags: american
million
partners
buys
Tar Sands Trade: Kuwait Buys Stake in Alberta As It Opens Own Heavy Oil Spigot
2014-10-15 05:38:27| Energy - Topix.net
Chevron made waves in the business world when it announced its October 6 sale of 30-percent of its holdings in the Alberta-based Duvernay Shale basin to Kuwait Foreign Petroleum Exploration Company for $1.5 billion. It marked the first North American purchase for the Kuwaiti state-owned oil company and yields KUFPEC 330,000 acres of Duvernay shale gas.
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