June 2007

Posted on June 28, 2007 at 3:19 PM
Filed under: Movers & Shakers

On July 9, Keith Cowan will become Sprint Nextel Corp.'s president of strategic planning and corporate initiatives. He will report to chairman and CEO Gary Forsee. Cowan was most recently executive vice president at Genuine Parts Co. He previously spent more than a decade at BellSouth Corp., now AT&T Inc....  Continue reading

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Posted on June 28, 2007 at 1:29 PM
Filed under: Acquisitions | Research and development | Trends

Deals involving U.S. targets totaled $845 billion during the first five months of 2007, 53% of the total for all of 2006. And despite recent strains in the financing market for buyouts, the transaction services group of PricewaterhouseCoopers expects the wave to continue, saying that private equity firms are...  Continue reading

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Posted on June 27, 2007 at 1:59 PM
Filed under: Acquisitions | Corporate Strategy

Oracle Corp. is beating analysts' expectations after a number of acquisitions, reporting a fourth-quarter profit rise of 23%. The Redwood Shores, Calif.-based software maker spent about $20 billion over the past two years on deals, including its PeopleSoft Inc. and Siebel Systems Inc. acquisitions. Just this past Monday, it...  Continue reading

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Posted on June 27, 2007 at 9:17 AM
Filed under: Acquisitions

Almost a year after telecommunications equipment maker CommScope Inc.'s $1.7 billion bid for smaller rival Andrew Corp. was rejected, the firms reconvened and settled on a $2.6 billion price tag. There's something to be said for not burning bridges. Andrew's CEO Ralph Faison wasn't looking for deals last summer, even...  Continue reading

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Posted on June 26, 2007 at 10:53 AM
Filed under: Acquisitions | Joint Ventures and Alliances

French engineering group Alstom SA is entering the wind power sector, signing a deal to acquire Spanish wind turbine company Ecotècnia for €350 million ($471.6 million) in cash. Alstom, which is number two worldwide in urban transportation and has an 18% share of the global market in rail transport,...  Continue reading

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Posted on June 21, 2007 at 9:52 AM
Filed under: Acquisitions | Corporate Strategy

Engineering firm Weir Group plc is shelling out £328 million ($653 million) in cash for high-pressure pump maker SPM Flow Control Inc. In May, the Glasgow-based firm said it would sell Weir Pumps to industrial investor Clyde Bowers Ltd. for $90 million. Apparently, Weir found a better fit with...  Continue reading

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Posted on June 20, 2007 at 1:42 PM
Filed under: Outsourcing

There's a saying among outsourcing proponents that cautions companies to "avoid outsourcing your mess for less." The caution being that it is dangerous business to expect that your outsourcing vendor can fix a mess you haven't been able to clean up in-house — and they may even make it worse....  Continue reading

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Posted on June 20, 2007 at 10:59 AM
Filed under: CD Community | Corporate Strategy

Much has been made of the importance of cultural compatibility in mergers and acquisitions. But for serial acquirer IBM Corp., the issue is not one that will make or break the decision to pursue a deal. During a presentation Tuesday at the Conference Board's Post Merger Integration Conference in San...  Continue reading

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Posted on June 19, 2007 at 3:11 PM
Filed under: Joint Ventures and Alliances | Trends

More and more, alliances and flexible business models look like the way forward in the global automotive industry. DaimlerChrysler AG said Tuesday it has allied with Italy's Fiat SpA to supply its Misubishi Fuso truck group with 80,000 light-duty diesel engines starting in 2009. The two companies are also...  Continue reading

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Posted on June 19, 2007 at 2:14 PM
Filed under: Corporate Strategy | Movers & Shakers

Three months after Warren Buffet's Berkshire Hathaway Inc. acquired TTI Inc., the specialty electronics distributor says it's on the prowl for some acquisitions. Fort Worth-based TTI, which employs 1,700 people in more than 50 locations throughout North America, Europe and Asia, created the position of senior vice president of mergers...  Continue reading

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