Dallas,Tx 4/9/2010 10:02:48 PM
News / Business

Top Stock Mergers & Acquisitions (CASY, CVVT, BWA, CLX, IRIX)

Top Stocks

 

Alimentation Couche-Tard Inc. today announced that it has submitted a proposal to the Board of Directors of Casey's General Stores, Inc. ("Casey's") (NASDAQ: CASY) to acquire all of the outstanding shares of common stock of Casey's for $36.00 per share in cash.

 

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China Valves Technology, Inc. (NASDAQ: CVVT) today announced that on April 8, 2010, the Company completed the acquisition of Shanghai Pudong Hanwei Valve Co., Ltd. ("Hanwei Valve"), a Shanghai-based valve manufacturer with several patents for high-tech valve specifications in the petrochemical and bioengineering industries, for approximately $21 million.

 

BorgWarner (NYSE: BWA) has acquired Dytech ENSA SL, a producer of exhaust gas recirculation (EGR) coolers, EGR tubes, and integrated EGR modules including valves for automotive and commercial vehicle applications, both on- and off-road. With locations in Spain, Portugal and India, Dytech ENSA employs approximately 1,000 people and supplies customers such as Renault/Nissan, VW/Audi, Ford, Fiat, Navistar, GM, Daimler, PSA, Suzuki, Mahindra & Mahindra, TATA, Ashok Leyland, MAN, and IVECO. Dytech ENSA's annual sales for 2009 were approximately $180 million. Terms were not disclosed.

 

Clorox (NYSE: CLX) may sell its automotive-care brands which includes STP and Armor All, according to reports from the Wall Street Journal.

 

IRIDEX Corporation (NASDAQ: IRIX) today announced that it has acquired certain assets from RetinaLabs, Inc., a privately held company based in Atlanta, Georgia.

 

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