Norampac Purchases AIM Corrugated for an Undisclosed Price
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Norampac Inc., Canada&#39;s largest containerboard maker, bought AIM Corrugated Container Corp. for an undisclosed price to expand its presence in the Northeastern US.
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Canadian mining company Goldcorp Inc.  G.TO GG.N plans to buy competitor Wheaton River Minerals  Ltd WRM.TO WHT.A for $2.09 billion in stock, the companies  said in a statement, marking further consolidation in the  mining industry.
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HD supplier in $1bn bid to match Seagate and Hitachi Western Digital has bought hard disk media manufacturer Komag, in a $1bn cash deal that sets it on course to go vertically-integrated, like Seagate and Hitachi GST.â¦
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Noranda, Canada's largest mining company, said on Friday that it may be acquired by the China Minmetals Corporation in a deal worth more than $4.7 billion.
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DECEMBER 21, 2004  - In a move aimed at bolstering its product line, storage vendor EMC Corp. is buying SMARTS Inc.
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Canadian mining company Goldcorp Inc. (G.TO: Quote, Profile, Research) (GG.N: Quote, Profile, Research) plans to buy competitor Wheaton River Minerals Ltd (WRM.
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Storage vendor EMC has reached an agreement to acquire Smarts, a provider of event automation and real-time network systems management software.
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(InfoWorld) - Emulex will buy Sierra LogicÂ to build a bigger enterprise storage portfolio. Emulex said Tuesday it has reached a definitive agreement to acquire Sierra Logic for $180 million to expand its position in the embedded storage components market. The acquisition will combine two suppliers of network storage components and may improve the reliability of storage networks that enterprise customers depend on. Sierra's line of embedded bridges and routers will join Emulex's portfolio of embedded switches and multiple protocol input/output controllers. The combination will make Emulex more competitive in selling to storage system makers, said Mike Smith, Emulex's executive vice president for worldwide marketing. Emulex's current customers include Sun Microsystems, Hitachi Global Storage Technologies, and Network Appliance. "There is always a trend toward integration, and you can offer more integrated solutions the more pieces you provide. It makes you more of a single, trusted supplier," Smith said. The deal gives Emulex access to key technology developed by Sierra Logic to make SATA (Serial Advanced Technology Attachment) storage systems more reliable, said storage industry analyst Arun Taneja, founder of The Taneja Group, in Hopkinton, Massachusetts. Fibre Channel disk drives are used in high-end storage environments, while SATA drives are a lower cost alternative. But SATA drives are less reliable than Fibre Channel. Sierra Logic's technology makes SATA more reliable, Taneja said. "Sierra makes a SATA drive look like a Fibre Channel drive but maintains the price advantage of SATA," said Taneja. "Emulex looked at the technology and said 'It's too important to this industry. I want to own it.'" Consistent with its integration strategy, Emulex also acquired Arohi Communications, a maker of data center networking and intelligent storage platforms, in May for $39 million. The Sierra Logic deal is expected to be completed by Sept. 30 and to contribute an incremental $8 million to $10 million in revenues to Emulex in the fourth quarter. Emulex, based in Costa Mesa, California, has about 600 employees worldwide, while Sierra Logic, based in Roseville, California, has 70 employees. Smith expects most of them to come to Emulex, including Sierra Logic Chief Executive Officer Bob Whitson.ADVERTISEMENTMAKE SOA REAL WITH IBM WEBSPHERE PODCASTStreamline processes and maximize efficiency within a proven service oriented architecture. Take back control of your business processes with IBM WebSphere.
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(InfoWorld) - There was a time when EMC was considered a rather staid tech company in a boring, if profitable market: storage. No longer. With regulations bearing down on enterprises, EMC is now a major player in areas such as security and content management. That change was evident last week, as EMC wrapped up its massive, $2.1 billion acquisition of RSA and announced that it was buying yet another security company: Network Intelligence, for $175 million. Network Intelligence produces enVision, a data management product that aggregates information such as log files, applications, hosts, and network devices. The company and its products will be added to EMCâs new security division, which will be located at RSAâs campus in Bedford, Mass. RSAâs identity management, access management, and data encryption products will be the heart of EMCâs âinformation-centric security strategy,â CEO Joe Tucci said in a statement. Network Intelligenceâs wares will allow EMC to offer customers compliance and security policy management tools as part of that strategy. EMC also showed some progress in integrating past acquisitions. Infoscape, unveiled on Monday, is a data storage management product that ties together technology from EMCâs purchase of Documentum and Legato in 2003, as well as Smarts in 2005. The product works with EMCâs Celerra storage environment and DART OS and allows customers to organize unstructured documents such as spreadsheets, presentations, and word processing files.ADVERTISEMENTMAKE SOA REAL WITH IBM WEBSPHERE PODCASTStreamline processes and maximize efficiency within a proven service oriented architecture. Take back control of your business processes with IBM WebSphere.
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Equipment maker ADC Telecommunications  Inc said on Wednesday it had agreed to buy Andrew Corp in an  all-stock deal worth about &#36;2 billion, which will bolster its  position in the wireless equipment industry.
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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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Western Digital said it will pay about $1 billion in cash for component-maker Komag Inc. The proposed merger comes amid a sharp fall in prices. In April, rival Seagate Technology scaled back its outlook, blaming a price war over high-capacity desktop computer drives.
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British advertising firm WPP has agreed to buy smaller U.S. rival Grey Global for &#36;1.31 billion, equally divided in cash and shares, to put it on par with industry leader Omnicom.
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IF Xstrata&#39;s Scotch CEO Mick Davis thought he could get WMC Resources on the cheap he now knows otherwise. The Swiss miner is offering $7.4 billion, or $6.35 a share, for Australia&#39;s third biggest resources company.
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China Minmetals Corp has entered into exclusive talks to acquire mining group Noranda, the Canadian firm announced.
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Iamgold, a Canadian mining company, said that it would buy Cambior, a rival, for about 1.33 billion Canadian dollars ($1.2 billion) in stock, to create a gold mining operation with more than one million ounces of annual production. The deal will push Iamgold to the top of the midtier gold producers and comes six months after the miner bought Gallery Gold of Australia. ÂWe believe it sets the stage for us to join the senior ranks as we move forward in this company,Â IamgoldÂs chief executive, Joe Conway, left, said.
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Teck Cominco, a mining company and metals producer, has agreed to buy Aur Resources for 4.1 billion Canadian dollars ($3.9 billion) in cash and stock.