transaction

Mitsubishi-Hitachi Metals Machinery to acquire Siemens’ stake in Primetals Technologies

October 4, 2019 by David Edwards

Deal would make MHMM sole owner of Primetals Technologies

Mitsubishi-Hitachi Metals Machinery (MHMM) and Siemens have reached agreement for MHMM to acquire Siemens’ 49 percent stake in Primetals Technologies.

Closing of the transaction is subject to customary conditions and is expected by early 2020.

Siemens will support the process to ensure a successful closing of the transaction. Following closing, MHMM will assume sole control of Primetals Technologies. Financial details of the transaction were not disclosed. [Read more…] about Mitsubishi-Hitachi Metals Machinery to acquire Siemens’ stake in Primetals Technologies

Qualcomm confirms it is buying NXP for $47 billion

October 28, 2016 by David Edwards

Qualcomm and NXP Semiconductors have announced a definitive agreement, unanimously approved by the boards of directors of both companies, under which Qualcomm will acquire NXP.

Qualcomm will pay $110 per share in cash, representing a total enterprise value of approximately $47 billion.

NXP is a specialist in high-performance, mixed-signal semiconductor electronics, with innovative products and solutions and leadership positions in automotive, broad-based microcontrollers, secure identification, network processing and RF power. [Read more…] about Qualcomm confirms it is buying NXP for $47 billion