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Heavy Machinery & Vehicles

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American Securities submits letter to special committee of Blue Bird's board for acquisition of Blue Bird

Thursday, 21 Jul 2016 07:00am EDT

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.

Joy Global to be acquired by Komatsu in $3.7 billion all-cash transaction

Thursday, 21 Jul 2016 03:55am EDT

Joy Global : Board unanimously approved merger agreement under which subsidiary of Komatsu Ltd will buy Joy Global in all-cash transaction .Komatsu intends to operate Joy Global as a separate subsidiary of Komatsu.

Konecranes: commitments to European Commission regarding MHPS acquisition

Wednesday, 20 Jul 2016 02:30am EDT

Konecranes Abp : Says has offered commitments to European Commission (EC) in relation to acquisition of Terex's MHPS business (MHPS Acquisition) . Offered commitments will be subject to a market test by EC .EC has extended its review period for transaction.

Weichai Power updates on subscription of shares in Kion Group AG<000338.SZ>

Monday, 18 Jul 2016 06:32pm EDT

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 amount of 10 pct of the share capital at eur 46.44 per share

Monday, 18 Jul 2016 03:44pm EDT

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 to buy Power Flame assets

Thursday, 7 Jul 2016 12:58pm EDT

Astec Industries Inc : Astec Industries, Inc. to acquire Power Flame . Aggregate purchase price for assets is $43 million dollars . Definitive agreement to acquire substantially all of assets and certain liabilities of Power Flame, Inc .Says Power Flame will continue to operate as Power Flame, Inc.

Nortek says upon termination of merger, co required to pay Melrose about $50 mln

Wednesday, 6 Jul 2016 04:15pm EDT

Nortek :Upon termination of merger agreement,under specified circumstances,co required to pay melrose termination fee of about $50 million - sec filing.

Melrose Industries says to buy Nortek Inc for $1.44 bln

Wednesday, 6 Jul 2016 02:00am EDT

Melrose Industries Plc : Proposed recommended acquisition of Nortek Inc . Proposed recommended acquisition of Nortek Inc and fully underwritten 1.66 bln stg rights issue . Acquisition will be implemented principally by way of a cash tender offer to Nortek shareholders by Mergerco, a wholly owned subsidiary of Melrose, followed by a merger of Mergerco with and into Nortek . Offer price of $86 per Nortek share, net, in cash and without interest, values entire issued share capital of Nortek at $1.44 bln with an enterprise value of $2.81 bln . Proposed recommended acquisition of Nortek Inc .Offer price of $86 per Nortek share, net, in cash and without interest, values entire issued share capital of Nortek at $1.44 bln.

Palfinger closes acquisition of Norwegian Harding Group

Thursday, 30 Jun 2016 08:00am EDT

Palfinger AG : Closes Norwegian Harding Group acquisition . Full consolidation into Palfinger as of 2nd quarter of 2016 .As a result of takeover, Palfinger's marine business will almost double its business volume and generate revenue of over 300 million euros ($332.79 million), which is substantially more than 20 pct of group's total revenue.

AGCO Corp says to acquire Cimbria Holdings for about $340 mln

Wednesday, 29 Jun 2016 08:58am EDT

AGCO Corp - : AGCO extends its grain storage and seed handling business with acquisition of cimbria . AGCO Corp says has agreed to acquire Cimbria Holdings Ltd. for approximately $340 million from silverfleet capital .AGCO Corp says deal is expected to close in q3 of 2016.

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