Heavy Machinery & Vehicles
American Securities submits letter to special committee of Blue Bird's board for acquisition of Blue Bird
American Securities : Submitted indication of interest letter to special committee of Blue Bird's board for acquisition of Blue Bird Corp . American Securities LLC says proposal to buyout Blue Bird Corp made by ASP BB Holdings LLC . American Securities Says Proposal To Buyout Blue Bird Based On A Per Share of common stock valuation of $12.80 to $13.10 - SEC filing . American Securities says its proposal requires completion of a full due diligence review of blue bird . American Securities says it and its affiliates own 57.15 percent stake in blue bird . American Securities says believes that blue bird fits well within profile of companies in which American Securities seeks to invest .American Securities anticipates that the purchase price to buy blue bird will be funded from combination of debt and equity financing.
Weichai Power Co Ltd <000338.SZ>: Discloseable transaction subscription of shares in Kion Group AG <2338.HK> . Company entered into an agreement with Kion . Says consideration payable by the company to Kion in respect of the subscription shall be approximately EUR275.6 million . Says consideration expected to be funded by borrowings . Number of the new Kion shares to be issued by Kion under the said share issuance represents 10% of the issued share capital of Kion .
Kion Group AG: Places new shares in the amount of 10 per cent of the share capital at eur 46.44 per share . 9.9 million new shares were placed at a price of eur 46.44 each . 5.9 million new shares, corresponding to 60 per cent of the new shares, will be acquired by Weichai Power .Total gross proceeds from the capital increase amount to eur 459.3 million.
Astec Industries Inc
Nortek :Upon termination of merger agreement,under specified circumstances,co required to pay melrose termination fee of about $50 million - sec filing.
Melrose Industries Plc