Intel To Acquire Mobileye
Pursuant to the agreement, a subsidiary of Intel will commence a tender offer to acquire all of the issued and outstanding ordinary shares of Mobileye for $63.54 per share in cash, representing an equity value of approximately $15.3 billion and an enterprise value of $14.7 billion.
Samsung Electronics Completes Acquisition Of HARMAN
Under the terms of the merger agreement, HARMAN stockholders will receive $112 per share in cash.
Lincoln Electric Enters Into Exclusive Negotiations With Air Liquide To Acquire Subsidiary
The companies have signed a Memorandum of Understanding and entered into exclusive negotiations to acquire Air Liquide Welding, a subsidiary of Air Liquide.
National Performance Warehouse Announces First Acquisition Of 2017
The company closed on its acquisition of Key Line Automotive in Idaho on March 1.
Highlander Partners Acquires Controlling Interest In Hi-Tech Industries
The business will continue to operate autonomously and all operations will remain unchanged and continue to be conducted from Hi-Tech’s two facilities in Farmington and Southfield, Michigan, where all manufacturing and distribution takes place. The business will continue to be led by Hi-Tech’s current CEO, Herschel Wright.
Flex To Expand Automotive Offering Through Strategic Acquisition Of AGM Automotive
AGM is a leading global supplier of automotive interior components and systems, including overhead console systems, interior lighting, electronic components and textile flooring solutions.
Bloomberg: Owners Of Service King Collision Repair Centers Mulling $2B Sale
Blackstone Group and Carlyle Group “have discussions with bankers about starting a sale process this year,” sources told Bloomberg’s Kiel Porter.
Kinderhook Forms New Performance Parts Platform Through Major Acquisitions
The company has acquired JE Pistons, Wiseco, Innovate Motorsports, K1 and ProX Racing.
Newcor Inc. To Be Acquired By CIE Automotive S.A.
This partnership with CIE represents an opportunity for Newcor to leverage CIE’s world-class capabilities as a machined components manufacturer, allowing Newcor to share these best practices as it continues serving its customers under its ongoing commitment to quality.
Valvoline Completes Acquisition Of Time-It Lube
The purchase of Time-It Lube’s 28 quick-lube locations will complement the existing base of Valvoline Instant Oil Change company-owned stores, the company says.
Icahn Enterprises’ Acquisition Of Federal-Mogul Is Now Complete
Federal-Mogul will continue to operate through its separate Powertrain and Motorparts segments, each with its own CEO reporting to the board of directors of Federal-Mogul.
Just Brakes Acquired by Pep Boys
The acquisition will grow Pep Boys’ national store footprint by 134 locations.
