| To: richardred who wrote (4286) | 11/19/2016 6:51:53 PM | | From: richardred | | | | Germany's Mutares bids for Plastic Omnium's truck supply business.
German investment firm Mutares AG has made a binding offer to buy Cie. Plastic Omnium SA’s truck supplier business.
The business makes thermoplastic and thermoset body panels and structural parts, including Class A painted panels, in Europe, China and Mexico.
Terms of the deal were not disclosed. The deal is subject to regulatory approval and, in accordance with French law, the offer must be submitted to the works council for their position. Plastic Omnium said in a release that it expects the deal to be finalized in 2017.
The business consists of five plants in France, two in China and one each in Germany and Mexico. The plants employ more than 1,500, and generated 190 million euros in sales in 2015, according to the companies.
Products include exterior components and modules for truck cabins, and customers include major European truck manufacturers, according to the companies.
Munich-based Mutares said it will combine the business with its existing truck supplying business, including two plants recently acquired from Mecaplast Group, to create a global business with about 400 million euros in annual sales and 2,700 employees in 15 plants.
Mutares added that it expects “further add-on acquisitions” that will help it take a leading role in consolidating that market.
Plastic Omnium is focusing on body and structural auto components, following its recent acquisition of Faurecia SA’s automotive exteriors business.
plasticsnews.com |
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| From: richardred | 11/21/2016 9:08:51 AM | | | | | | The start of a infrastructure acquisition trend ? Exactly why China's Zoomlion wanted TEX.
Still holding MNTX on this thought.
Australia's Boral Picks up U.S. Building Products Supplier Headwaters
Tom Terrarosa
TheStreet.comNovember 21, 2016
Building products provider Headwaters (HW) said Sunday that it has agreed to be acquired by Australian construction materials supplier Boral for $24.25 per share, or $2.6 billion, in cash. Per the terms of the agreement, Headwaters' shareholders will receive $24.25 per share in cash, representing a roughly 21% premium to the target's closing $20.09 per share stock price on Nov. 18, and a 34% premium over its 30-day volume-weighted average closing stock price through Nov. 18. The deal comes after a recent acquisition spree for South Jordan, Utah-based Headwaters, which scooped up Dallas-based vinyl and aluminum windows and patio doors manufacturer Krestmark Industries in August for $240 million.
finance.yahoo.com |
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| To: richardred who wrote (4264) | 11/21/2016 9:52:12 AM | | From: richardred | | | | Bulleye TODAY- AMCC- Applied Micro Circuits- Small premium, but hey, I won't put down a gift horse in the mouth. Qualcom do you have any money left? :+ ) I don't like the 30 mill. termination fee rider on the deal. Unless there's a shop around period.
MACOM Technology Acquires Applied Micro Circuits for $8.36 per Share in $770 Mln Deal; Shares Halted.
Message 30750144
Message 30730638 |
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| From: richardred | 11/21/2016 10:37:23 AM | | | | | | | Thinking frozen foods today. Plowed the driveway with about a foot and a half of snow. Then sold the balance of SENEA position today. |
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| From: richardred | 11/21/2016 11:36:13 AM | | | | | | Added to DSCI today. IMO the company kinda mortgaged itself with the BioD acquisition terms. However IMO compelling High risk / High reward. IMO the latest acquisition along with the latest divestiture, gives scale & compelling margins. This on a on a small cap, formally unprofitable company. I see their burn products being medical necessities . I could get burned, but the healing process has started.
P.S. The scale of wound care market by way of the BioD acquisition, although still small. IMO make it a compelling niche for a bigger player's medical portfolio. 3M - Allergen - J&J come to mind. |
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