Notable Mergers and Acquisitions of the Day 08/28: (XLNX) (ADSK) (RAX) (CRS)
- Valeant (VRX) Continues Deal Hunt; Close to Buying Bausch & Lomb for $9B
- A.G. Lafley Returns as President/CEO of Procter & Gamble (PG)
- Chile Slaps Barrick Gold (ABX) with $16.4M Fine, Halts Construction at Pascua-Lama
- StreetInsider.com Pre-Open Movers 5/24: (BLOX) (IOC) (P) Higher; (RSOL) (SHLD) (ANF) Lower (more...)
- Xilinx, Inc. (Nasdaq: XLNX) announced the acquisition of embedded Linux solutions provider PetaLogix.
As Linux solutions become must-haves for a growing number of embedded applications relying on Xilinx All Programmable technologies, the addition of PetaLogix and their PetaLinux technology strengthens Xilinx's capabilities and commitment to customers to provide the best Linux solutions possible.
- Autodesk, Inc., (Nasdaq: ADSK) has acquired certain assets of Inforbix, LLC. Inforbix is a software company focused on cloud-based SaaS solutions aimed at increasing the value of product data, productivity, and improved decision making for manufacturing-based companies. Terms of the transaction were not disclosed. As a part of this acquisition, Autodesk also announced that it appointed Oleg Shilovitsky as Senior Director of PLM and Data Management. Shilovitsky is a co-founder of Inforbix, LLC.
Autodesk plans to incorporate Inforbix technology for indexing, search, personalization and data visualization into Autodesk PLM360, which will help to accelerate the vision for the Autodesk 360 cloud services.
This transaction is expected to have no impact on Autodesk’s earnings guidance issued on August 23, 2012.
- Rackspace Hosting (NYSE: RAX) entered into a definitive agreement to acquire Mailgun, Inc.. Rackspace believes the Mailgun acquisition will further enhance Rackspace’s product portfolio, making it easy to integrate cloud-based email services into applications and websites. The acquisition is expected to close this week.
Mailgun provides a set of APIs that allows users to send, receive, and track email easily from within their applications – without managing an email server or becoming an expert in email setup, operations and deliverability. The company is currently servicing customers such as 37Signals, Parse, Financial Times and many others.
- Carpenter Technology Corporation (NYSE: CRS) has commenced a process to sell Latrobe Specialty Steel Distribution (LSSD) and its Mexican distribution business, Aceros Fortuna.
Carpenter expects that proceeds from a sale will be reinvested in Carpenter’s premium product businesses. Carpenter will continue to service sales of its special alloy products in Mexico and South America through the retention of selected warehouses and employees.
Carpenter acquired LSSD as part of its 2012 acquisition of Latrobe Specialty Steel. LSSD’s 170 employees provide a broad range of quality steels and value-added services to customers in North America from six distribution centers across the United States and Canada. LSSD recorded sales of $113 million in the 2012 fiscal year.
Aceros Fortuna distributes alloyed, stainless and tool steels, specialty alloys and industrial products in Mexico and Brazil and generated sales of $42 million in the 2012 fiscal year. The company has eight distribution and sales offices across Mexico. Carpenter acquired the 40-year-old company in 1994. About 25 of Aceros Fortuna’s 275 employees support the specialty alloy market and will remain with Carpenter.
Carpenter has engaged KeyBanc Capital Markets Inc. to assist it in the sale of its distribution businesses.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Abercrombie & Fitch Co. (ANF) Misses Q1 EPS by 4c; Guides FY Below Views
- Trading Radar for 05/24: Foot Locker (FL), Hibbett (HIBB), Abercrombie (ANF) Report
- salesforce.com, Inc. (CRM) Reports In-Line Q1 EPS; Issues In-Line Q2, FY14 Outlook