Heavy Machinery & Vehicles

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Wabtec signs definitive agreement to acquire majority ownership of Faiveley Transport

Tuesday, 6 Oct 2015 04:30pm EDT

Faiveley Transport SA:Signs definitive agreement to acquire majority ownership of Faiveley Transport.Says the total purchase price is about $1.8 billion, including assumed debt.Says Wabtec plans to purchase the shares for EUR100 per share, payable 25% in cash and 75% in Wabtec preferred stock.Plans to fund the cash portion of the transaction with cash on hand, existing credit facilities and potentially other debt financing.Says Wabtec has also entered into a definitive tender offer agreement with Faiveley Transport.Combination of Wabtec and Faiveley Transport will create company with revenues of about $4.5 billion.Says to acquire from members of the Faiveley family approximately 51% of Faiveley Transport.Says wabtech also entered into definitive shareholders agreement with the majority shareholders of Faiveley Transport.Entered into tender offer agreement with Faiveley Transport and shareholders agreement with majority shareholders of Faiveley Transport.

Tiong Woon Corporation Holding Ltd acquires Tiong Woon Logistics Pte Ltd

Wednesday, 23 Sep 2015 05:43am EDT

Tiong Woon Corporation Holding Ltd:Acquired 100,000 ordinary shares (representing 10 pct equity interest) in the capital of Tiong Woon Logistics Pte. Ltd. (TWLPL) from an ex-employee, who is not related to any of the directors or substantial shareholders of the company, at a price consideration of S$60,381.Consequent to the aforesaid acquisition, TWLPL has become a wholly-owned subsidiary of the company.

Zhuzhou Tianqiao Crane completes stake acquisition and fund raising

Wednesday, 26 Aug 2015 08:00pm EDT

Zhuzhou Tianqiao Crane Co Ltd:Issued 97,220,911 shares at 4.83 yuan per share and pay cash consideration, and exchanged 100 pct stake in Hangzhou Huaxin Mechanical & Electrical Engineering Co Ltd (target company).Transaction price is 469,577,000.13 yuan.Issued 32,298,137 shares at 4.83 yuan per share through private placement.Raised 147,370,480.95 yuan in total through placement.Hangzhou-based electric power research institute's stake in the company has increased to 5.27 pct (29,606,837 shares) from 0 pct.


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