Aside from paying USD605 million for the tungsten business of Allegheny Tech, Kennametal gains tax savings as well as large revenues of the business.
Sectors
Vance Street Capital acquires Lark Engineering
For an undisclosed amount, Vance Street Capital purchases Lark Engineering to complement an earlier acquisition.
Quintiles announces completed acquisition of Novella Clinical
Today, Quintiles said it had completed its purchase of Novella Clinical as stated in the previously announced agreement.
Splunk to acquire BugSense
Today, Splunk Inc. announced entering into a definitive agreement to acquire BugSense Inc, a leading analytics solution provider for machine data generated by mobile devices.
USMD add ownership in USMD Hospital at Arlington
USMD Holdings announced today its acquisition of 17.96% ownership interest in USMD Hospital at Arlington that increased the ownership of the physician-led integrated healthcare system to 45.4%.
Latest News
Perion Network's share prices declined as the promised premium for the merger was lost. The share price for the Perion Network Ltd had its largest decline in more than three years as its investors were disappointed with the lack of a premium for its merger with Conduit Ltd's Client Connect business.
The cancellation of the Telecom Italia board meeting buys the firm more time to plan out ways to revitalize its flagging business.
Blue Victory Holdings Inc extend a USD 1 million credit facility to American Restaurant Concepts. American Restaurant Concepts Inc announced it was able to close a credit facility worth USD 1 million from Blue Victory Holdings Inc.
Ontario Teachers Pension Plan and Hastings Funds Management refinanced their existing loan worth AUD 1.646 billion or USD 1.54 billion.
Harsco announced an agreement to sell its infrastructure business to Clayton, Dubilier & Rice for USD 300 million.
Private equity backed Novacap bought a controlling share in China-based Taixing Yangzi Pharm Chemical.
Violin Memory, through the backing of Toshiba, would be doing an IPO of 18 million shares with an expected value of USD180 million.
BBC Worldwide and Ragdoll Productions sold "Teletubbies" to DHX Media. BBC Worldwide and Ragdoll Productions sold the joint venture firm that owns the rights to "Teletubbies," "In the Night Garden" and "The Adventures of Abney & Teal" to DHX Media.
TorQuest announced the closing of its third fund with USD 535 million. Canadian private equity firm TorQuest announced that it was able to raise USD 535 million for its third fund.
