Parker Hannifin Closes Sporlan Buy
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Parker Hannifin Corp., a maker of motion-control equipment, said Monday it completed its acquisition of refrigeration and air conditioning company Sporlan Valve Co.
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The company has decided to leave the public markets.
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Austria's OMV, Central Europe's leading oil and gas group, closed the acquisition of a 51% stake in the largest Romanian company, Petrom.
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Stock falls on news treatment failed a mid-stage trial, company will cease developing drug. NEW YORK  - AtheroGenics Inc.
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Stocks of branded and generic drug makers closed down a bit Tuesday as clinical study results mixed with merger updates. One of the big winners on the day was Nektar Therapeutics, on news that Exubera, the
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US Foodservice, the American unit of the Dutch supermarket Royal Ahold, has postponed its sale of $650 million in bonds that were expected to finance the unitâs equity buyout.
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The FTSE 100 closed up after a turbulent trading session that was dominated by consolidation within the mining sector following Rio Tinto&#39;s 38.1 billion dollar bid for Alcan, dealers said Thursday.
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The Express-News&#39; Johnny Ludden reports that Tony Parker has ended his contract talks with the Spurs. The Spurs have offered Parker a six-year, $64 million contract, but he is holding out for a better deal.
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Leading shares in London closed lower Tuesday hit by heavy falls on Wall Street while rumours of a potential problem at a London based hedge fund offset news of a significant stake build at Cadbury Schweppes, dealers said.
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NEW YORK/FRANKFURT  - ArcelorMittal   has ended a $1.35 billion deal to sell its Sparrows Point steel plant to E2 Acquisition Corp because E2 had been unable to secure financing, the world's largest steelmaker said on Monday.
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Goldman Sachs and Kohlberg Kravis Roberts agreed to end their $8 billion buyout of Harman International, which makes speakers, and instead buy $400 million of the companyâs bonds.
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WASHINGTON, Mo. - Parker Hannifin Corp. has completed its acquisition of Washington, Mo.-based Sporlan Valve Co., a leading maker of refrigeration and air conditioning components and systems.
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Harman International Industries Inc  said its private equity buyers are pulling out of their $8 billion buyout deal, a severe blow to the company whose shares fell more than 25 percent on Friday.
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ULSTER BANK CLOSES Ulster Bank is to close its Isle of Man operation a ' a move which will affect 11 of its staff.
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Ameriquest Mortgage Co, the largest  U.S. subprime lender as recently as 2005, is closing, the  latest home loan provider to shut down amid the nation&#39;s  housing market slump.
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Huntsman Corporation agreed to a $6.5 billion buyout offer from Apollo Management, terminating an earlier deal with Dutch manufacturer Basell.
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Harman International Industries Inc   said its private equity buyers are pulling out of their  $8 billion buyout deal, a severe blow to the company whose  shares fell more than 25 percent on Friday.