Textron will buy David Brown Group for $326.6 million

Article Abstract:

Textron Inc. will acquire David Brown Group PLC for about $326.6 million. The company will also assume about $105 million in David Brown's debt. David Brown is a Huddersfield, England-based maker of industrial pumps, gears and transmission systems. The acquisition is part of Textron's efforts to expand into the industrial-fluid and power-systems market. The company also recently acquired two smaller gear makers in Europe. The company's annual revenue in its Fluid & Power Systems unit is expected to increase to about $1 billion with the new acquisition.

Comment:

Will acquire David Brown Group of the UK for about $326.6 million

Pumps, Pump and Pumping Equipment Manufacturing, Textron Inc., Article, David Brown Group PLC

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CSR to buy U.S. company for $211 million

Article Abstract:

CSR Ltd. is planning to acquire American Limestone Co. for $211 million (226.4 million euros). CSR is planning to buy the company from Grupo Mexico SA.

CSR Ltd., American Limestone Company Inc.

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Bank of Scotland may sell Australian stake to St. George

Article Abstract:

Bank of Scotland could sell off its share in Bank of Western Australia Ltd. (BankWest) to St. George Bank Ltd. Bank of Scotland owns 55.8% of BankWest.

Commercial Banks, Commercial Banking, Strategy & planning, Banking industry, Bank of Scotland, Bank of Western Australia Ltd., St. George Bank Ltd.

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