mergers and acquisitions
EU probing GE’s US$17B takeover of Alstom’s power division
European Commission made move after initial investigation indicated “potential competition concerns” in heavy-duty gas turbine market
Uni-Select to sell U.S. auto parts business in US$340M deal
Icahn Enterprises subsidiary buying U.S. auto parts division; Quebec-based Uni-Select retaining paint distribution business
Montreal-based LED maker acquires Ariane Controls Inc.
Ariane Controls Inc. designs and builds PLC and controls technology
Montreal’s Gildan Activewear buys Comfort Colors for US$100M
Gildan said deal to buy garment-dyed shirt maker will complement its own efforts to go after younger consumers
Magna buys head-up display, electronic components maker
Acquisition from Philips & Lite-On Digital Solutions aimed at delivering more connected car technologies to market
Shareholders overwhelmingly approve Ainsworth-Norbord merger
Norbord said combined company would have generated US$1.63 billion in sales for 12 months ended Sept. 27, 2014
Bombardier selling military training unit to CAE for $19.8M
Sale comes as transportation giant adjusts to weak demand for some of its products, cost of two major aircraft programs
Schlumberger paying US$1.7B for minority stake in Russian firm
Buying 45.6 per cent stake in Eurasia Drilling Co. Ltd., the largest provider of onshore drilling services in Russia
‘Foolish’ to move Tilley hat production outside Canada, founder says
Alex Tilley, 77, said he cannot force his company’s buyer to keep production of his namesake hat in Canada
Weston Foods division buying cake maker Creative Occasions
Maplehurst Bakeries, a subsidiary of Weston Foods, is buying the Nashville-based cake maker for an undisclosed sum
