At the Reuters Tech Summit, Trulia chief executive Pete Flint says private equity investors are starting to pull back from buying U.S. real estate, while overseas buyers are coming on strong once again. Video
WASHINGTON - Small business optimism rose to a one year-high in May, a hopeful sign for an economy that has hit a soft patch.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
LMI Aerospace to buy Valent Aerostructures for about $246 million
(Reuters) - LMI Aerospace (LMIA.O), which supplies components to the aerospace and defense industries, said it will buy Valent Aerostructures for about $237 million, plus about $9.7 million of certain retained obligations.
LMI Aerospace is expected to generate over $480 million in revenue based on projected 2013 results of the combined entities, the company said in a statement.
The deal is expected to close Dec 31, 2012, LMI Aerospace said.
(Reporting by Mridhula Raghavan in Bangalore; Editing by Joyjeet Das)
- Tweet this
- Share this
- Digg this