Cemex Buys 18.8 Percent Stake in RMC
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Mexican cement company Cemex said on Monday it had spent about 432 million pounds (&#36;780 million) buying an 18.8 percent stake in RMC Group  as part of its planned takeover of its British rival.
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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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Mexican cement giant Cemex SA is buying British-based RMC Group PLC, the world's biggest supplier of ready mixed concrete, in a deal worth some &#36;4.15 billion, the broker for Cemex said Monday.
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Central European Media Enterprises (CME), the Nasdaq-listed east European broadcasting company, is to retake control of the largest Czech commercial station in a deal worth $642m.
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Pepco Communications said yesterday that it sold its stake in Starpower Communications LLC to RCN Corp., its partner in Starpower, for $29 million.
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SHARES in WMC Resources surged 36 per cent yesterday after it revealed it had become a takeover target for Swiss mining giant Xstrata.
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TOM ELLIOTT, MM&amp;E CAPITAL: Well, the bid that received the most attention was London-based Xstrata&#39;s offer to buy WMC Resources, the old Western Mining, at $6.
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UK BUILDING materials firm and world market leader RMC has agreed to a Â£2.3 billion takeover bid from the worldâs third largest concrete-maker, Cemex of Mexico.
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Mexican cement giant Cemex SA is buying British-based RMC Group PLC, the world&#39;s biggest supplier of ready mixed concrete, in a deal worth some 2.3 billion pounds (US$4.
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Mexican group Cemex is reportedly set to make a $4bn takeover bid for RMC, the UK firm that is the world's biggest supplier of ready-mixed concrete.
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Cobham, the niche defence and aerospace supplier, has bought Remec Defense &amp; Space, a company that specialises in battlefield communications equipment, for $260m from the Remec group.
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The Fortis financial group pays 13m euros ($18m) at a pioneer auction for the rights to emit 800,000 tonnes of CO2.
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Spanish power firm Iberdrola is expanding into the US by buying Energy East Corp for $4.5bn.
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Mandalay Resort Group on Friday  said its shareholders approved plans for the Las Vegas-based  casino operator to be acquired by MGM Mirage for $4.8 billion.
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CONCRETE maker RMC is set to be bought by Mexican rival Cemex in a deal valuing it about Â£2.3bn. Directors from both companies have approved the purchase of the world&#39;s biggest maker of ready-mixed cement.
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Chip designer ARM Holdings yesterday made its biggest ever acquisition, buying US rival Artisan Components for $913m (Â£502m). But investors balked at the high price and sent its shares crashing more than 18%.
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Compressor and machinery maker Atlas  Copco (ATCOa.ST) said it had agreed to sell most of its U.S.  equipment rental business for $3.8 billion to Ripplewood  Holdings and Oak Hill Capital Management.