Siemens AG said that it had set aside EUR4 billion or USD5.4 billion for its stock buyback program. In its statement, Europe's largest engineering company Siemens AG revealed plans to launch a EUR4 billion or USD5.
Industrials
Rizzo Environmental Services acquires Royal Oak Recycling
Royal Oak Recycling is the business name of V&M Corporation and the firm was recently acquired by Rizzo Environmental Services Inc.
Siemens chief feels pressure to spin off healthcare unit - report
Investment banks reportedly been courting Siemens AG to spin off its healthcare business. According to a Bloomberg report, Siemens AG Joe Kaeser may be able to obtain USD7 billion in value should he break off the company's healthcare business.
DuPont Pioneer and Deere & Co join forces to provide precision agriculture to farmers
Field specific information would be received by farmers from DuPont Pioneer The agricultural seed unit of DuPont, DuPont Pioneer, announced last Friday it had aligned with Deere & Co, the farm machinery company to compete against rival Monsanto in providing enhanced 'precision agriculture' analysis with the goal of maximizing crop production.
G. Cooper Equipment Rentals inks deal to buy City Rentals Inc
G. Cooper Equipment Rentals said it would be acquiring all the shares of City Rentals Inc for an undisclosed amount.
Latest News
Petronas Chemicals Group Bhd would be selling a 93.1% ownership stake in Phu My Plastics and Chemical Company Ltd (PMPC) to Asahi Glass Co Ltd and Mitsubishi Corporation.
Power transmission product maker inked a definitive deal to acquire Danish energy company Svendborg for EUR80.1 million.
Polish constructor Budimex would be selling one of its units to private equity firm Equity Investors.
Signal Hill Equity Partners closed its investment in Calgary, Alberta-based oil and gas engineering company OEL Projects Limited.
AEA Investors LP signed an agreement to buy Siemens Water Technologies for EUR640 million. AEA Investors LP agreed to a EUR640 million acquisition deal with Siemens Water Technologies.
Issues over tax payments and retrenchment of workers caused Konkola Copper Mines to seek court intervention.
A ten year agreement was formalized between Kuwait's National Aviation Services and Ariana Afghan Airlines.
One source told Businessweek that private equity firm KKR & Co might propose a leverage buyout offer to Marvell Technology Group Ltd.
RenoNorden, the Scandinavian waste management firm backed up by Capvest, announced the appointment of Staffan Ebenfelt as Group CEO.
