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EATON ACQUISITION
This family sold its business for $1.7 billion and rewarded 540 factory workers with a $240 million giftA Louisiana-based company, Fibrebond, has made headlines after its sale for $1.7 billion, with former owner Graham Walker gifting a stagger...- This US CEO sold his family business for $1.7 billion, then shared $240 million with 540 employeesA Louisiana businessman, Graham Walker, distributed nearly $240 million to his 540 employees after selling his family company, Fibrebond, f...
- ICICI Prudential AIF acquires Pune IT park asset to expand yield-focused office portfolioAn investment fund managed by ICICI Prudential Asset Management has bought a large office space in Pune. This acquisition is part of a stra...
- Rs 4 crore for every employee: American boss' surprise Rs 2,250 crore gift to his 550 staff after he sold his companyIn a remarkable corporate gesture, Louisiana-based Fibrebond distributed around ₹2,250 crore among 540 employees after its sale to Eaton, g...
- No shares in company, but 550 employees received a $240 million gift from their owner for staying with him through tough timesIn an extraordinary move, Louisiana-based Fibrebond rewarded loyalty over ownership when over 550 employees with no company shares received...
- IPO makes Sachin Tendulkar more money than what Mitchell Starc got in IPL auctionOn March 6 this year, Tendulkar had picked up equity worth about Rs 5 crore in Azad Engineering, which makes precision forged and machined ...
- Morgan Stanley CEO Gorman expects bank to appoint successor in 12 monthsMorgan Stanley's CEO, James Gorman, announced that the company will likely name its next CEO in the next 12 months. Gorman stated that the ...
- Danfoss India hired over 300 people through the pandemicThe company is currently implementing a global programme called the One ERP solution where it is looking at a much more digital customer ex...
- Schneider-Temasek leads race to buy L&T’s electrical Biz for Rs 17,000 croreBoth parties have entered into an exclusivity agreement for bilateral discussions with an aim to close all outstanding matters by this cale...
- Schneider, Eaton frontrunners to buy L&T’s electrical businessSchneider has teamed up with Temasek, the Singapore's state investment company for the buyout, while Eaton has re-engaged after their 2011 ...
- Rajesh Sawhney's food tech startup InnerChef buys EatonGo, Flavour LabInnerChef has European, Mediterranean and Indian cuisines on its menu and specializes in salads with low-calorie dressing, Panini and salad...
- Aequs plans to enter Europe with SiRA buyAequs has acquired France-based Si-RA Group for an undisclosed amount, marking an entry into Europe a few months after it set up a base in ...
- JPMorgan, TPG, Carlyle lead race to invest $200 million in JSW InfraThe stake sale would be a prelude to the port business’s planned initial public offer about 18 months down the line, one of the sources sai...
- Eaton Corporation eyes Rs 3,000 crore sales from India operationsEaton Corporation, with interests in hydraulics, electrical, automotive, aerospace and truck segments, plans to make India its global R&D a...
- Bharti Airtel sells 4800 towers in Nigeria to American Tower Corp for about $1.05 billionAirtel though will be the anchor tenant on the portfolio under a lease with a 10-year initial term, the two companies said in a joint state...
- Global smart grid sector sees M&A deals worth $17 billion in 2012According to Mercom, a total of 23 M&A transactions were executed in 2012, amounting to almost $ 17 billion compared to 30 transactions wor...
- Schneider, Eaton Corp in race to buy L&T’s Electrical and Electronics businessLarsen & Toubro is looking to sell off its Electrical and Electronics business as part of the ongoing restructuring plans.
- Eaton looking at acquisition in power distribution businessThe $13 billion US engineering firm Eaton Corporation is looking at acquiring a power distribution company besides manufacturing power equi...
- Eaton looking at acquisition in power distribution businessThe $13 billion US engineering firm Eaton Corporation is looking at acquiring a power distribution company besides manufacturing power equi...
- Shoppers’ Stop to Build-A-Bear in their storesShoppers’ Stop will have a three-year non-exclusive agreement with the Murjani Group, which is bringing the brand into India, he added.
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