mergers and acquisitions
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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
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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
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Montreal-based LED maker acquires Ariane Controls Inc.
Ariane Controls Inc. designs and builds PLC and controls technology
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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
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Magna buys head-up display, electronic components maker
Acquisition from Philips & Lite-On Digital Solutions aimed at delivering more connected car technologies to market
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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
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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
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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
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‘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
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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
