74.8 F
New York
Tuesday, July 7, 2020
Home Industrials

Industrials

Industrial company and market news.

credit: wikimedia commons L3 Technologies Inc. (NYSE: LLL) and Harris Corporation (NYSE: HRS) announced on October 14 that they have agreed to enter into an all stock merger of equals. This merger is part of the two companies’ shared goal of creating a...
Charter airline, Omni Air International (private), is to be acquired for $845M by Air Transport Services Group (ATSG). Omni Air will operate as a subsidiary within ATSG and continue to be led by current CEO, Jeff Crippen. "We have tremendous respect for the ATSG team", Crippen said as he...
Univar Inc announced the acquisition of Nexeo Solutions $1.8B in cash and stock representing a 16% premium to the last closing price. The transaction will make for a combined chemicals distributor with revenues of nearly $12B.  The acquisition is expected to yield approximately $100M in cost savings...
Amcor Limited (ASX: AMC) announced on August 6 that it will acquire Bemis Company Inc (NYSE: BMS) in an all-stock transaction worth $7.3b. The transaction will be carried out via an exchange ratio of 5.1 Amcor shares per Bemis share with Amcor shareholders owning approximately 71% of...
NCI Building Systems, Inc. (NYSE: NCS) and Ply Gem Parent, LLC announced on July 17th that they have agreed to an all-stock merger valued at approximately $3.6 billion. Ply Gem shareholders will receive 58.7 million shares from NCI. NCI shareholders will own approximately 53% of the combined...
WestRock Co (NYSE: WRK) announced on January 29 that had agreed to purchase KapStone Paper and Packaging Corp (NYSE: KS) in a cash and stock deal worth approximately $5 billion. WestRock plans to finance this transaction through the issuance of new debt and expects to be able...