mergers and acquisitions
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U.S. holding company buys Aleris’ aluminum recyling unit for US$525M
Signature Group buying global recycling and specification alloys business, including Mississauga, Ont., facility
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BASF to sell textile chemicals business to Swiss-based firm
Deal requires antitrust approval, is expected to close in next year’s first quarter, according to Germany-based BASF
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Magna buys Penetanguishene, Ont.-based auto parts maker
Techform, which makes hinges, door-locking rods and other auto parts, will join Magna’s closures division
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Encana buying U.S.-based Athlon Energy in US$7.1B deal
Deal will give Encana access to major Texas oil play, speed up its shift towards more liquids production
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Linamar boosts hot forging capabilities with 2 acquisitions
Company buying high volume hot forging business of Carolina Forge Co., 66 per cent interest in Germany’s Seissenschmidt
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Alberta’s Stantec to expand Quebec presence with Dessau acquisition
Dessau has been caught up in an ongoing provincial inquiry into corruption in Quebec’s construction industry
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Siemens to acquire oilfield equipment maker Dresser-Rand for US$7.6B
Dresser-Rand will operate as Siemens’ oil and gas business under its own brand name, retain its executive team
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BP’s Alaska business to lay off 275 workers, contractors
Job cuts a result of previously announced sale of interests in four Alaska oil fields to Hilcorp Energy Co.
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ZF Friedrichshafen buying TRW Automotive for US$11.74B
Move creates world’s second-largest auto supplier behind fellow German firm Robert Bosch GmbH
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Eastman Chemical acquires Taminco in US$1.73B deal
Eastman Chemical said the acquisition will strengthen its presence in markets such as food, feed and agriculture
