KKR values Gardner Denver at US$3.7 billion. KKR and Co LP, the private equity firm has submitted a bid offer of US$75 per share for industrial machine maker Gardner Denver Inc.
Industrials
Ferrovial Sheds Austerity Plans and is Driven to Acquire
Ferrovial is now on a buying spree after five years of austerity to cut debt portfolio. Ferrovial, the Spanish infrastructure firm is on high gear for acquisitions in the market.
Gardner Denver Shareholders to Discuss KKR's $3.7 billion Offer
KKR has offered $3.7 billion for industrial machinery maker. Top shareholders of Gardner Denver Inc. are scheduled to meet discusses $3. 7 billion offer from private equity firm KKR & Co.
Turkey Highway Privatization Cancelled
Turkish Prime Minister pulls plug on highway privatization deal. In a news conference, the Turkish Minister of Finance Mehmet Simsek announced that the government is cancelling the US$5.
Deals of The Day — Mergers and Acquisitions
The following bids, mergers, acquisitions and disposals were reported on Tuesday The following bids, mergers, acquisitions and disposals were reported by 1500 GMT on Tuesday: - Capital One Financial Corp said it agreed to sell to Citigroup Inc its $7 billion portfolio of private label and co-branded credit card accounts linked to electronics retailer Best Buy Co Inc.
Latest News
Malaysian conglomerate partners with Saudi firm for new business in the Middle East. DRB-Hicom Bhd announced last Thursday that it would be teaming up with SITM to participate in the bidding for the Saudi Arabian airport ground management services.
India sends investigation team to Italy. Indian officials would be travelling to Italy to further investigate allegations of corruption and bribey allegations against Italian defense firm Finmeccanica.
TVS Logistics buys Rico Logistics TVS Logistics has announced it has acquired a majority stake from UK based firm Rico Logistics. This purchase would be in line in achieving the objective of US$1 billion turnover on or before 2015 as well as expand opportunities in the country.
Enterprise a sub unit of 3i was sold to Ferrovial for GBP 385 million. Ferrovial of Spain recently announced that it has agreed with the 3i Group to purchase in full the UK based services company Enterprise for a whopping GBP 385 million or US$589 million.
WSP Holdings Limited enters into definitive agreement for going private transaction WSP Holdings Limited, a leading Chinese manufacturer of API and non-API seamless casing, tubing and drillpipes used in oil and natural gas exploration, drilling and extraction, and other pipes and connectors, today announced that it has entered into an Agreement and Plan of Merger with WSP OCTG GROUP Ltd.
Bids, mergers, acquisitions and disposals were reported on Thursday The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Thursday:- Ferrovial is to buy British utility services company Enterprise Plc for 385 million pounds ($589 million) from 3i Group, the Spanish infrastructure group's first major purchase after a long debt-cutting drive.
The largest budget carrier in Asia plans to invest $30 million to $60 million into its new airline venture in India.
Bombardier agrees to sell for up to 42 new C-series jets to Ilyushin Finance Co in possible $3.42 billion deal
Aperam has teamed up with two steel makers to purchase the plant owned by Outokumpu, which has been aiming to get regulatory approval for purchasing a steel business in 2012.
