Mergers & Acquisitions

FirstEnergy Announces Satisfaction of Financing Condition for Tender Offers

FirstEnergy Announces Satisfaction of Financing Condition for Tender Offers PR Newswire AKRON, Ohio, March 1, 2013 AKRON, Ohio , March 1, 2013 /PRNewswire/ — FirstEnergy Corp. (NYSE: FE) today announced that the financing condition related to the previously announced tender offers by FirstEnergy Solutions Corp. (“FES”) and Allegheny Energy Supply Company, LLC (“AE Supply” and together with FES, the “Companies”) to purchase for cash any and all outstanding 5.75% Notes due 2019 issued by AE Supply, any and all outstanding 6.75% Notes due 2039 issued by AE Supply, any and all outstanding 6.80% Senior Notes due 2039 issued by FES (each of the foregoing an “Any and All Offer”), and up to the Maximum Tender Amount (as defined below) of the 6.05% Senior Notes due 2021 (the “6.05% Notes” and, collectively with each series of notes subject to the Any and All Offers, the “Notes”) issued by FES (the “Maximum Tender Offer”), has been satisfied by FirstEnergy’s entry into an agreement earlier today to issue and sell $1.5 billion aggregate principal amount of its senior unsecured notes (the “FirstEnergy Notes”) in a registered public offering […]

Mergers & Acquisitions

Genstar Capital Announces Acquisition of Acrisure

Genstar Capital Announces Acquisition of Acrisure Genstar’s Success in Building Insurance Brokerage Platforms Will Help Grow Acrisure Beyond Midwest PR Newswire SAN FRANCISCO, March 1, 2013 SAN FRANCISCO , March 1, 2013 /PRNewswire/ — Genstar Capital, LLC, a middle market private equity firm that focuses on investments in selected segments of the insurance and financial services, software, life sciences, healthcare, and industrial technology industries, today announced the acquisition of Acrisure, a leading retail insurance brokerage organization. Based in Grand Rapids, Michigan , Acrisure is the 50 th largest privately owned insurance agency in the United States whose product lines include property & casualty, employee benefits and related third party administrator services, human resource outsourcing, loss & claims management, surety bonding and personal lines coverage. […]

Mergers & Acquisitions

Danfoss A/S and Sauer-Danfoss Sign Definitive Merger Agreement

Danfoss A/S and Sauer-Danfoss Sign Definitive Merger Agreement Danfoss A/S To Acquire Remainder Of Sauer-Danfoss For $58.50 Per Share In Cash Danfoss To Commence Tender Offer For 24.4% Of Sauer-Danfoss It Does Not Already Own Sauer-Danfoss Declares First Quarter Dividend Of $0.35 Per Share PR Newswire NORDBORG, Denmark and AMES, Iowa, March 1, 2013 NORDBORG, Denmark and AMES, Iowa , March 1, 2013 /PRNewswire/ — Danfoss A/S (“Danfoss”) and Sauer-Danfoss Inc. (NYSE: SHS) today jointly announced a definitive merger agreement for Danfoss to acquire the 24.4% of Sauer-Danfoss common shares not already owned by Danfoss and its affiliates for $58.50 per share in cash. […]

Mergers & Acquisitions

UBM Asia Announces Proposed Acquisition of NOVOMANIA in China

UBM Asia Announces Proposed Acquisition of NOVOMANIA in China PR Newswire HONG KONG, March 1, 2013 HONG KONG , March 1, 2013 /PRNewswire/ — UBM Asia announces that it has signed a binding agreement with NOVO Mania Limited, the organiser of NOVOMANIA, to acquire this annual urban fashion event in Shanghai . Upon completion, UBM will own 60% of a joint venture company, with NOVO Mania Limited, called UBM Novomania, to organise NOVOMANIA from 2013 onwards. […]