BorgWarner Takes Over Supplier Beru
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US automotive company BorgWarner Inc. said Monday it is buying a controlling stake in German supplier Beru AG and would make an offer for the remaining shares in a nearly $800 million deal that it hopes will strengthen its position with global automakers.
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The software company has undergone an extreme makeover.
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Private equity firm Fortress  Investment Group LLC agreed to buy Stelmar Shipping Ltd. for  $677 million only a few months after the oil tanker operator  fended off a hostile bid from its rival, OMI Corp. OMM.N,  Stelmar said on Monday.
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The company is trying to look strong in a land of subsidies and stiff competition.
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Jerker Johansson of Morgan Stanley was selected to run the troubled unit, which is being revamped following the bankâs problems with U.S. subprime investments.
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Rexel , the world's biggest electrical parts distributor, officially launched its 3.1 billion euro ($4.45 billion) bid for Dutch rival Hagemeyer  on Friday, assisted by privately owned Sonepar.
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French and German business leaders, headed by Cie. de Saint-Gobain SA Chief Executive Jean-Louis Beffa and ThyssenKrupp AG supervisory board chairman Gerhard Cromme, will form a working
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Germany's MAN AG is planning a more   attractive bid to win over resistant shareholders of Swedish   truckmaker Scania SCVb.ST, the Wall Street Journal on Friday   quoted MAN Chief Executive Hakan Samuelsson as saying.
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Private equity firm Fortress  Investment Group LLC agreed to buy Stelmar Shipping Ltd. for  $677 million only a few months after the oil tanker operator  fended off a hostile bid from its rival OMI Corp. OMM.N,  Stelmar said on Monday.
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US car parts maker BorgWarner Inc. (BWA.N: Quote, Profile, Research) launched a 621-million-euro ($790 million) takeover bid for German rival Beru
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By Larry Avila, The Post-Crescent, Appleton, Wis.  Sep. 19--MADISON -- The new operators of Berbee Information Networks has  plans to expand its local presence.
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Private equity firm Fortress Investment Group LLC has agreed to buy oil tank operator Stelmar Shipping Ltd. (SJH) for $677 million, Stelmar said on Monday.
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The Carlyle Group has completed its third European exit in the space of three months with the sale of its minority holding in German automotive supplier Beru to BorgWarner Inc.
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Car parts maker BorgWarner Inc. on Wednesday said it expects to generate $1.4 billion in net new business from 2005 to 2007, projecting growth that will outpace the auto industry.
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Icelandic investment group Baugur extends its presence on the UK High Street with the purchase of budget fashion chain Mk One.
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Aker Finnyards, a part of Aker Yards, has signed a Letter of Intent with Sweden's B & N Nordsjofrakt covering construction of three container vessels.
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The company has decided to leave the public markets.