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Tag: buys
Gibraltar buys complementary product line for $5M
2013-09-12 17:11:17| Steel - Topix.net
The purchase price for the supplier of solar-powered ventilation products was $5 million from existing cash, according to Buffalo-based Gibraltar .
Tags: line
product
gibraltar
complementary
Extreme Networks buys Enterasys for USD 180 mln cash
2013-09-12 16:24:00| Telecompaper Headlines
(Telecompaper) Ethernet switching specialist Extreme Networks has entered into a definitive agreement to acquire Enterasys Networks for USD 180 million in cash. The combined entity will continue to support the product roadmaps of both companies going forward, in order to protect the investments of current customers and avoid any disruption to businesses. The companies wants to combine the ExtremeXOS and Enterasys network operating systems within two years, and so fully support both hardware platforms. Combined revenues are expected to be double that of either company alone. Significantly increased scale is expected to enable greater investments in R&D. The operating margin of the combined entity is also expected to increase over time as synergies are realised. The acquisition, excluding transaction, integration and purchase accounting related costs, is expected to be immediately accretive. The deal is subject to customary closing conditions and regulatory approvals and is expected to close in the fourth quarter. The acquisition was approved by the board of directors of each company. Extreme Networks has received a preliminary debt commitment to finance at least USD 75 million of the purchase price, with the balance to be funded from cash on hand. The closing of the transaction is not conditioned upon the receipt of any bank financing.
Tags: cash
networks
usd
extreme
Memorial Production Partners Buys More Gas In Texas, Rockies
2013-09-11 17:45:00| OGI
The company plans to hedge 85% of projected production.
Tags: production
partners
texas
gas
Lighthouse Buys Acreage In Anadarko Basin
2013-09-11 08:45:00| OGI
The transaction was supported by equity commitments from Talara Capital Management and The Energy & Minerals Group.
Tags: basin
buys
lighthouse
acreage
Sasol buys land for proposed gas-to-liquids complex near Fort Saskatchewan
2013-09-11 04:12:51| Chemicals - Topix.net
An $8 billion natural gas-to-liquids plant for the Fort Saskatchewan area moved a step closer Tuesday as South African energy firm Sasol Ltd. announced it has purchased a 526-hectare site.
Tags: land
complex
proposed
fort
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