Abstracts » Business, general

Accord with AMP caps months of deal making by Tyco

Article Abstract:

AMP Inc., maker of electronic connectors based in Harrisburg, PA, has been courted by both AlliedSignal and Tyco International, with Tyco emerging with the winning bid to acquire. Tyco's stock deal is set at $11.3 billion. If the deal doesn't go through, Allied hopes its cash offer will be reconsidered. Tyco plans to consolidate AMP's 325 factories and distribution centers as one cost-cutting measure; job elimination will be another. Tyco is becoming known for its appetite for acquisitions that are low-public-profile. In addition to several large-scale purchases in the last couple years, it buys dozens of smaller companies routinely.

Other Electrical Equipment and Component Manufacturing, Electronic Components and Accessories, Electronic Components, Mergers, acquisitions and divestments, Abstract, TYC, AMP Inc., AMP, Tyco International Inc., Circuit components

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Kodak agrees to buy Imation's unit in medical Imaging for $520 million

Article Abstract:

Eastman Kodak Co. agreed to buy most of Imation Corp.'s medical-imaging unit for about $520 million. The acquisition fills a major hole in Kodak's medical-products line. Imation is the leader in dry laser-imaging systems which are rapidly replacing traditional chemical-based films. Kodak ran into difficulties developing its own dry-laser technology. Imation said that the DryView line accounts for about one-third of its $500 million annual medical unit revenue, and sales of the line is growing by 20% annually.

Photographic and Photocopying Equipment Manufacturing, Electromedical and Electrotherapeutic Apparatus Manufacturing, Photographic Equip & Supplies, Medical Image Recorders, Photographic industry, Eastman Kodak Co., Imation Corp., Medical imaging equipment

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Tyco to buy U.S. Surgical for $3.3 billion in stock

Article Abstract:

Tyco International Ltd. said that it intends to buy U.S. Surgical Corp. for approximately $3.3 billion in stock. The move serves to further the company's planned expansion into the medical-products industry. With about $4.5 billion in annual revenue, Tyco will become one of the world's biggest suppliers of disposable medical products.

Comment:

Said that it intends to buy U.S. Surgical Corp. for approximately $3.3 billion in stock

Communications Equipment Manufacturing, Communications Equipment, Medical Instruments & Equipment, Medical Equipment and Supplies Manufacturing, Telecommunications equipment, Medical equipment, Tyco International Ltd. (Pembroke, New Hampshire), United States Surgical Corp.

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