Month: June 2015

Direct Energy to Acquire Water Heater Rental and Protection Plan Business Purchase gives leading home services provider additional assets and customers. PR Newswire SARASOTA, Fla., June 29, 2015 SARASOTA, Fla. , June 29, 2015 /PRNewswire/ — Direct Energy , one of North America’s leading energy, commercial retail energy and energy related services providers, has entered an agreement to acquire all the assets of an appliance rental company based in the Northeast United States for $4.5 million . […]

Barnhart Agrees to Purchase Sicklesteel Cranes PR Newswire SEATTLE, June 29, 2015 SEATTLE , June 29, 2015 /PRNewswire/ — Barnhart has reached a definitive agreement to purchase Sicklesteel Cranes, Inc. of Mount Vernon, Washington . Sicklesteel Cranes, Inc., which has 50 employees and a fleet of 56 cranes, will continue to operate as Sicklesteel but will have full access to Barnhart’s national network of equipment, engineers, and branches. […]

Safariland Acquires VIEVU, a Leader in Body Worn Video Cameras for Law Enforcement Officers Highly Complementary Addition to Safariland’s Suite of World-Class Safety and Survivability Product Brands PR Newswire ONTARIO, Calif., June 29, 2015 ONTARIO, Calif. , June 29, 2015 /PRNewswire/ — The Safariland Group (“Safariland”), a leading provider of a diverse range of safety and survivability products designed for the public safety, military, professional and outdoor markets, today announced that it has acquired VIEVU, a leader in body worn video and data management solutions. […]

Ballard Announces Acquisition of Protonex PR Newswire VANCOUVER, BC and SOUTHBOROUGH, MA, June 29, 2015 Transaction to deliver benefits in key areas – diversification, growth, scale and profitability VANCOUVER, BC and SOUTHBOROUGH, MA , June 29, 2015 /PRNewswire/ – Ballard Power Systems (NASDAQ: BLDP; TSX: BLD) today announced that it has signed a definitive agreement to acquire Protonex Technology Corporation (“Protonex”; www.protonex.com ), a leading designer and manufacturer of advanced power management products and portable fuel cell solutions. As consideration for the transaction, valued at $30 million , Ballard is assuming and paying Protonex’s debt obligations at closing, currently estimated at approximately $4.4 million , and paying the balance of approximately $25.6 million through the issuance of 11.2 million Ballard shares. The number of Ballard shares to be issued is subject to adjustment based on the final debt obligations at closing. […]

KongZhong Announces Receipt of a Preliminary Non-Binding Proposal to Acquire the Company PR Newswire BEIJING, June 29, 2015 BEIJING , June 29, 2015 /PRNewswire/ — KongZhong Corporation (NASDAQ: KZ), a leading online games publisher and developer in the PRC, today announced that its board of directors (the “Board”) has received a preliminary non-binding proposal letter, dated June 29, 2015 , from Mr. Leilei Wang , chairman and chief executive officer of the Company, and IDG-Accel China Growth Fund II L.P. (“IDG) to acquire all of the outstanding ordinary shares of the Company not owned by them or their affiliates (the “Transaction”) for US$8 .56 in cash per American depositary share (“ADS”, each representing forty ordinary shares), or approximately US$0.2140 per ordinary share, which represents a premium of approximately 20% to the average closing price of the Company’s ADSs over the last 30 trading days and a premium of approximately 21.8% to the closing price of the Company’s ADS on June 26, 2015 , the last trading day. […]

CPA:17 – Global Acquires $88 Million Bon-Ton Department Store Portfolio Sale-leaseback proceeds funds repayment of existing mortgage PR Newswire NEW YORK, June 29, 2015 NEW YORK , June 29, 2015 /PRNewswire/ — W. P. Carey Inc., a global net-lease REIT specializing in corporate sale-leaseback financing , build-to-suit financing and the acquisition of single-tenant net lease properties, announced today that CPA :17 – Global has acquired a portfolio of six retail properties. […]

European Commission Cleared Proposed Merger between Dresser-Rand and Siemens Closing Scheduled for June 30, 2015 PR Newswire HOUSTON, June 29, 2015 HOUSTON , June 29, 2015 /PRNewswire/ — Dresser-Rand Group Inc. (“Dresser-Rand” or the “Company”) (NYSE: DRC), a global supplier of rotating equipment and aftermarket parts and services, has been notified that the European Commission cleared the Company’s proposed merger with Siemens. All of the conditions precedent regarding regulatory matters have now been satisfied […]

Spinifex Pharmaceuticals to be Acquired by Novartis PR Newswire STAMFORD, Connecticut and MELBOURNE, Australia, June 29, 2015 STAMFORD, Connecticut and MELBOURNE, Australia , June 29, 2015 /PRNewswire/ — US$200 million upfront pay ment plus undisclosed clinical development and regulatory milestones Expands Novartis ‘ neuroscience portfolio with no vel angiotensin II type 2 receptor antagonist technology for th e treatment of chronic pain Spinifex Pharmaceuticals, Inc. (“Spinifex”), a company focused on the development of new drugs for the treatment of chronic pain, today announces that it has agreed to the sale of Spinifex to Novartis International AG (“Novartis”), for an upfront cash consideration of US$200 million plus undisclosed clinical development and regulatory milestone payments. The acquisition is centred on Spinifex’s lead candidate EMA401, a novel angiotensin II type 2 (AT 2 ) receptor antagonist, being developed as a potential first-in-class oral treatment for chronic pain, particularly neuropathic pain, without central nervous system (CNS) side effects […]

Recommended Cash Acquisition of Northern Offshore, Ltd. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY RESTRICTED JURISDICTION PR Newswire HOUSTON, June 29, 2015 HOUSTON , June 29, 2015 /PRNewswire/ — The boards of directors of Northern Offshore, Ltd. […]

Talen Energy Announces Agreement to Sell Renewable Energy Business PR Newswire ALLENTOWN, Pa., June 26, 2015 ALLENTOWN, Pa. , June 26, 2015 /PRNewswire/ — Talen Energy announced Friday (6/26) an agreement to sell Talen Renewable Energy, LLC to funds managed by California -based Energy Power Partners. The sale will include 25 projects in four states with a total of 65 megawatts of nameplate generating capacity […]