Notable Mergers and Acquisitions of the Day 8/6 (GMR/ATB, NDSN)
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- Notable Mergers and Acquisitions of the Day 8/6 (GMR/ATB, NDSN)
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StreetInsider.com Notable Mergers and Acquisitions of the Day:
- General Maritime (NYSE: GMR) and Arlington Tankers Ltd. (NYSE: ATB) entered into a definitive agreement whereby the two companies will combine in a stock- for-stock combination.
Under the terms of the definitive agreement, approved unanimously by the Boards of Directors of both General Maritime and Arlington Tankers, shareholders of General Maritime will receive 1.340 shares of the combined company for each share of General Maritime held, and shareholders of Arlington Tankers will receive one share of the combined company for each share of Arlington Tankers held.
- Nordson Corporation (Nasdaq: NDSN) reported that it has acquired MLT Systems Holdings Ltd. and its subsidiary MLT Application Systems Ltd. of Cape Town, South Africa. Revenues of MLT were not disclosed.
MLT employs a total of 15, operates additional field offices in Johannesburg and Durban, and has been the exclusive distributor of Nordson products in South Africa since 1989. Today the company distributes and services Nordson's adhesive dispensing, EFD and Primarc UV product lines.
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