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The Dixie Group acquires assets of Burtco Enterprises, Inc.

Wednesday, 24 Sep 2014 11:26am EDT

The Dixie Group Inc:Acquires substantially all of the assets of Burtco Enterprises, Inc.Dixie Group is hiring substantially all of the employees of Burtco, including its operations, sales and marketing staffs and will continue to operate its tufting facility in Chickamauga, Georgia.

Cassina Ixc. Ltd to acquire company

Thursday, 21 Aug 2014 01:00am EDT

Cassina Ixc. Ltd:To acquire 8,000 shares (100 pct stake) of a Tokyo-based company LMD KK. from Lmd International for 5.578 million yen on Sep. 1.

Ekornes acquires furniture producer IMG

Monday, 4 Aug 2014 02:49am EDT

Ekornes ASA:Says has entered into an agreement to purchase the furniture producer IMG.Says the transaction is a combination of purchase of shares and assets.Says will acquire IMG at an agreed consideration close to 400 million Norwegian crowns.Says will also pay additional consideration over three years of up to 150 million crowns, based on certain conditions.Says closing of the agreement is expected to be completed on or around Oct. 31.IMG produces seating furniture based on Norwegian design.

Mr Bricolage signs binding agreement with Kingfisher

Thursday, 24 Jul 2014 02:00am EDT

Mr Bricolage SA:Says it signed binding agreement on July 23 with Kingfisher following negotiations with works councils.Acquisition by Kingfisher of Mr Bricolage’s shares hold by its principal shareholders will now proceed subject to anti-trust clearances.Subsequently, mandatory offer would be made by Kingfisher to acquire shares held by minority shareholders.Remainder of the process is expected to be completed in early 2015.

Viking Offshore And Marine Ltd's subsidiary proposes purchase and lease-back of land drill rig

Monday, 14 Jul 2014 08:56pm EDT

Viking Offshore And Marine Ltd:Viking Asset Management Pte Ltd wholly-owned subsidiary of Company, has enters into legally binding heads of agreement dated July 14 (HOA) with land rig builder based in China (Vendor).Say for proposed purchase and lease-back of new-build 1,500 horsepower train-type land rig and related drilling equipment (Rig).Vendor shall sell, and purchaser or its wholly-owned subsidiary (Purchaser SPV) shall purchase, the Rig (acquisition); and.Purchaser or purchaser SPV shall lease rig to vendor on bareboat charter basis for term of 50 months on and from Sept. 1 (Bareboat Charter).Value of Bareboat Charter (which includes put option granted by Vendor to require Vendor to purchase the Rig at end of 50-month term of the Bareboat Charter (the Put Option) is about $32 mln.Parties shall negotiate in good faith and enter into definitive sale and purchase agreement and a definitive bareboat charter contract for acquisition and the Bareboat Charter (including the Put Option).Says on or prior to date falling 60 days from the date of the HOA (or such other date as may be agreed by the parties), failing which HOA shall cease and determine (save for certain provisions relating to, inter alia, confidentiality, governing law and dispute resolution).Definitive Agreements shall contain the provisions in the HOA (where relevant) and such other additional terms and conditions as the parties may agree.

Ehlebracht AG says board recommends to accept offer from E & Funktionstechnik Holding AG

Tuesday, 1 Jul 2014 10:42am EDT

Ehlebracht AG:Says board recommends to accept offer from E & Funktionstechnik Holding AG.Board suggests that each shareholder of company should decide if he accepts the offer or not.

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