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Sep 21, 2014

Exclusive: Siemens near deal to buy Dresser-Rand – sources

NEW YORK/LONDON (Reuters) – The German industrial conglomerate Siemens AG is near an agreement to acquire U.S. oilfield equipment maker┬áDresser-Rand Group Inc for all cash, people familiar with the matter said on Sunday.

A deal for Dresser-Rand, which has a market capitalization of more than $6 billion, could come as soon as Monday, some of them said.

Sep 21, 2014

Siemens near deal to buy Dresser-Rand – sources

NEW YORK/LONDON, Sept 21 (Reuters) – The German industrial
conglomerate Siemens AG is near an agreement to
acquire U.S. oilfield equipment maker Dresser-Rand Group Inc
for all cash, people familiar with the matter said on
Sunday.
A deal for Dresser-Rand, which has a market capitalization of
more than $6 billion, could come as soon as Monday, some of them
said.

Siemens is expected to pay low- to mid-$80s per share, the
sources said, compared to Dresser-Rand’s Friday closing price of
$79.91 which already had been boosted by takeover speculation in
the past several days.

Sep 16, 2014

Steel mill services firm Phoenix working with Goldman on sale -sources

NEW YORK/LONDON, Sept 16 (Reuters) – The private equity
owner of Phoenix Services LLC, which provides services to global
steel producers including ArcelorMittal SA , is
exploring a sale that it hopes will value the company at more
than $800 million, according to people familiar with the matter.

Private equity firm Olympus Partners took a major ownership
stake in Phoenix through its 2009 debt and equity investment in
Atlas Industrial Services, the holding company that owns
Phoenix. Olympus is working with Goldman Sachs Group to
assist with the sale effort, the people said.

Sep 16, 2014

Private equity firm eyes sale of storage company PODS: sources

NEW YORK (Reuters) – Eagle Merchant Partners, a private equity firm, is exploring a sale of PODS Enterprises Inc that could value the U.S. moving and storage company at about $1 billion, including debt, according to people familiar with the matter.

Atlanta-based Eagle Merchant, whose team came from bankrupt Bahraini investment firm Arcapita Bank BSCC, has hired investment bank Barclays Plc (BARC.L: Quote, Profile, Research, Stock Buzz) to assist with the PODS Enterprises sale process, one source said.

Sep 16, 2014

Storage firm PODS Enterprises eyes $1 billion sale -sources

NEW YORK, Sept 16 (Reuters) – Eagle Merchant Partners, a
private equity firm, is exploring a sale of PODS Enterprises Inc
that could value the U.S. moving and storage company at about $1
billion, including debt, according to people familiar with the
matter.

Atlanta-based Eagle Merchant, whose team came from bankrupt
Bahrain investment firm Arcapita Bank BSCC, has hired investment
bank Barclays Plc to assist with the PODS Enterprises
sale process, one source said.

Sep 15, 2014

Germany’s ZF to take over TRW Automotive for $13.5 billion

NEW YORK/FRANKFURT (Reuters) – German car parts maker ZF Friedrichshafen [ZFF.UL] has reached a deal to buy U.S.-based TRW Automotive Holdings Corp (TRW.N: Quote, Profile, Research, Stock Buzz) for $105.60 per share in cash, creating a global automotive supply powerhouse.

The transaction values the U.S. company at nearly $12 billion based on shares outstanding, and has an enterprise value of $13.5 billion including assumption of debt, the companies announced on Monday.

Sep 15, 2014

Germany’s ZF agrees TRW Automotive takeover for $105.60/share-sources

NEW YORK/FRANKFURT (Reuters) – German car parts maker ZF Friedrichshafen [ZFF.UL] has reached a deal to buy U.S.-based TRW Automotive Holdings Corp (TRW.N: Quote, Profile, Research) for $105.60 (64.9646 pounds) per share, creating a global automotive supply powerhouse, people familiar with the matter said.

The transaction, which values the U.S. company at nearly $12 billion based on shares outstanding, is set to be announced later on Monday, the people said, asking not to be named because the matter is not public.

Sep 15, 2014

Exclusive: Germany’s ZF agrees TRW Automotive takeover for $105.60 per share: sources

NEW YORK/FRANKFURT (Reuters) – German car parts maker ZF Friedrichshafen [ZFF.UL] has reached a deal to buy U.S.-based TRW Automotive Holdings Corp (TRW.N: Quote, Profile, Research, Stock Buzz) for $105.60 per share, creating a global automotive supply powerhouse, people familiar with the matter said.

The transaction, which values the U.S. company at nearly $12 billion based on shares outstanding, is set to be announced later on Monday, the people said, asking not to be named because the matter is not public.

Sep 12, 2014

Allergan investors owning 35 percent to demand special meeting

NEW YORK (Reuters) – More than 35 percent of Allergan (AGN.N: Quote, Profile, Research, Stock Buzz) investors have asked the company to call a special meeting, handing a victory to billionaire investor William Ackman who is trying to broker a sale of the Botox maker to Valeant Pharmaceuticals (VRX.TO: Quote, Profile, Research, Stock Buzz).

Ackman’s $15 billion hedge fund Pershing Square Capital Management on Thursday delivered requests from shareholders owning 1.5 percent of the stock to the company, the company said in a statement.

Sep 11, 2014

Exclusive: Akorn eyes $2 billion UCB unit in potential tax inversion – sources

NEW YORK (Reuters) – U.S. specialty drugmaker Akorn Inc (AKRX.O: Quote, Profile, Research, Stock Buzz) is exploring a bid for Belgian drugmaker UCB SA’s (UCB.BR: Quote, Profile, Research, Stock Buzz) U.S. subsidiary, a deal that would allow the company to move its tax domicile overseas in a practice known as inversion, according to people familiar with the matter.

UCB is looking to sell its U.S. specialty generics subsidiary, Kremers Urban Pharmaceuticals Inc, in a deal that could fetch as much as $2 billion, Reuters reported last month.