GOODRICH REACHES SETTLEMENT WITH NORTHROP
Date: 28 December 2004
By Bloomberg News
Bloomberg News
Goodrich Corp says Northrop Grumman Corp will pay it $99 million to settle claims related to its 2002 purchase of Northrop's aeronautical-systems business (S)
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IMMUNOGEN TO LICENSE TUMOR TECHNOLOGY TO CENTOCOR
Date: 29 December 2004
By Bloomberg News
Bloomberg News
ImmunoGen says Centocor, unit of Johnson
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ASHFORD HOSPITALITY TO PURCHASE 21 HOTELS
Date: 28 December 2004
By Bloomberg News
Bloomberg News
Ashford Hospitality Trust agrees to buy 21 hotels from sellers including George Soros for $250 million to gain more upscale properties (S)
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EL PASO SETTLES ALLEGATIONS OF PRICE MANIPULATION
Date: 28 December 2004
By Bloomberg News
Bloomberg News
El Paso Corp will provide $3.4 million in grants to Arizona and make $43 million in gas pipeline investments in state to settle claims it manipulated energy prices during Western energy crisis in 2000 and 2001 (S)
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MTC TO BUY MANUFACTURING TECHNOLOGY FOR $61 MILLION
Date: 28 December 2004
By Bloomberg News
Bloomberg News
MTC Technologies, which provides electronics, engineering and other services for the military, agreed yesterday to acquire Manufacturing Technology for $61 million. MTC, based in Dayton, Ohio, said it expected the purchase to add to earnings immediately. Manufacturing Technology, based in Fort Walton Beach, Fla., specializes in electronics and engineering for the military and had an estimated $50 million in revenue in 2004. Shares of MTC fell 94 cents, or 2.8 percent, to $33.03.
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WEST PHARMACEUTICAL TO SELL UNIT TO WARBURG PINCUS
Date: 28 December 2004
By Bloomberg News
Bloomberg News
West Pharmaceutical Services said yesterday that it had agreed to sell most of its drug-delivery unit to a new company formed by the buyout firm Warburg Pincus for $7.1 million in cash. Warburg will own a majority of the new company, while West would own 14 percent and be entitled to as much as $19 million in royalties, Julie Huang, a West Pharmaceutical spokeswoman, said. West, based in Lionville, Pa., said it was selling the unit to focus on its main business of making syringe components.
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DUPONT TO BUY STAKE IN GERMAN MAKER OF SECURITY LABELS
Date: 29 December 2004
By Bloomberg News
Bloomberg News
DuPont Co acquires stake in unit of November AG, German maker of genetically coded product labels; agreement will give DuPont right to sell Identif's security technologies for five-year period (S)
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UNIVISION TO BUY TWO TV STATIONS IN PUERTO RICO
Date: 29 December 2004
By Bloomberg News
Bloomberg News
Univision Communications will pay about $190 million to buy leased TV stations WLII and WSUR in Puerto Rico (S)2
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CORN PRODUCTS TO BUY BACK STAKE IN KOREAN UNIT
Date: 28 December 2004
By Bloomberg News
Bloomberg News
Corn Products International, which makes a sweetener used in soft drinks, agreed yesterday to buy the remaining minority interest in its Korean business from the Doosan Corporation for about $65 million. The unit, to be called Corn Products Korea, will be run as a wholly owned subsidiary as of Jan. 1. Corn Products, based in Westchester, Ill., said Doosan had the right to sell the stake back to the company in 2005. The deal is expected to be completed Dec. 29, Corn Products said.
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