Automotive

Top deals of the day - bids, mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported on Thursday including Omnicom, General Motors, Deutsche Telekom, Devon Energy and others


European emissions rules help lift Johnson Matthey profit

Catalyst maker Johnson Matthey beat its own expectations with a 13-percent rise in profit, lifted by tighter European rules on emissions due to come into force in January.

Kenan Advantage acquires RTS-Westcan

Ohio-based tank truck transportation and logistics provider Kenan Advantage Group purchased Canada-based bulk transportation provider RTS-Westcan Group of Cos in an acquisition deal with undisclosed terms.

Bain Capital to stop acquisition talks with TI Automotive due to price disagreement- sources

Bain Capital Partners was said to have stopped talks to acquire auto parts maker TI Automotive because the parties could not agree on the price for the deal.


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The following bids, mergers, acquisitions and disposals were reported on Tuesday including Nokia, IntercontinentalExchange Group, Goldman Sachs and others.
Germany-based international car producer Daimler announced a new strategic cooperation agreement with China-based partner automobile seller BAIC Motor that would be signed by both parties on Tuesday.
French car maker Peugeot is looking into a possible sale of top vehicle interiors and emission control technology company Faurecia. Peugeot exiting Faurecia might be necessary to secure another government bailout.
Amphenol Corporation entered into a definitive agreement to acquire the Advanced Sensors business of GE for USD318 million, which will be subject to closing conditions and regulatory approvals.
The French government hoped to help fund new state investments and boost national economy by divesting 3.5% of its stake in jet engine maker Safran.
Private equity firm Liberty Hall Capital Partners announced today its acquisition of Tulsa-based aerospace engineered parts supplier Precise Machining & Manufacturing for an undisclosed amount.
The following bids, mergers, acquisitions and disposals were reported on Thursday including Sigma Alimentos, Fastjet, Rostelecom, DNB, Caixabank, Cyfrowy Polsat, America Movil, Alitalia, Telecom Italia.
The following bids, mergers, acquisitions and disposals were reported on Wednesday including BNP Paribas, Facebook, Crocs, VTB Capital and Flybe Group.
With an earlier attempt at acquisition two years ago, Bain Capital now is in advanced discussions for the purchase of TI Automotive, the maker of fuel tanks and other automotive components.
Nissan Motor Co Ltd will build 1 million cars in Mexico by 2016, cementing the country's position as the export hub for the Japanese automaker in the Americas, Chief Executive Carlos Ghosn told Reuters as he inaugurated a $2 billion plant.
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