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Industrial company and market news.

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...
Travelport Worldwide Limited (NYSE: TVPT) announced on December 10 that it has entered into a definitive agreement to be acquired by Siris Capital Group and Evergreen Coast Capital Corp. in a transaction worth approximately $4.4 billion. All outstanding common shares of Travelport will be purchased by Siris...
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...
The United States Steel Corporation, an integrated steel producer, says it plans to lay off up to 1,545 of its workers. The workers facing layoffs are employed at the Great Lakes Works facility in Michigan. The U.S. Steel Corp recently decided to pause a significant portion of...
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...
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...