Vacon buys TB Wood's AC drives ops for $29 million
) said on Wednesday it had agreed to buy the AC drives business of TB Wood's Corp., part of U.S.-based Altra Holdings Inc (), for $29 million.

"After the acquisition, Vacon will hav ...[more]

UPM, Sveza plan $1.44 billion Russia mill investment
), said on Wednesday it has agreed to form a 50-50 joint venture with Russian Sveza, which aims to invest $1.44 billion in Russia.

Russia has started to raise duties on timber, lead ...[more]

CSM sells QA Products unit to Kerry Group
) said on Wednesday it had reached agreement on the sale of its QA Products unit in the U.S. to Kerry Group (), without disclosing financial details.

QA Products, which makes decora ...[more]

Matsushita, Hitachi in talks on major panel deals: source
) and Hitachi Ltd () are discussing multi-billion dollar deals on flat panels that could reshape an industry hit by fierce competition, a source familiar with the matter said.

The t ...[more]

Rexel confirms to proceed with Hagemeyer bid
) said it would proceed with its takeover bid for Dutch rival Hagemeyer HAGN.AS despite Hagemeyer's problems over charges related to a bankrupt unit.

"After discussions with Hagemey ...[more]

Sharp says considering LCD tie-up with Toshiba

Sharp's comment came in response to a Nikkei business daily report that Toshiba would likely procure LCD panels from a new factory that Sharp is building in Osaka prefecture, and that the two ...[more]

Russia's Vimpelcom to buy Golden Telecom: WSJ
), Russia's second-largest mobile operator, has agreed to buy Golden Telecom Inc GLDN.O for about $4.3 billion, the Wall Street Journal reported on its Web site on Thursday, quoting a source famili ...[more]
BEA buys more time to seek bid, Icahn ends lawsuit

BEA said it will delay its annual meeting by a month, which gives it extra time to drum up a bid close to its aim of $21 a share and allows it to release quarterly results ahead of the meetin ...[more]

Google wins U.S. antitrust OK to buy DoubleClick

The deal, which combines Google's dominance in pay-per-click Internet advertising with DoubleClick's market-leading position in flashier display ads, still faces scrutiny from European antitr ...[more]

Bertelsmann ditches plans to buy rest of RTL
)AUDK.LU it does not already own because of legal uncertainties.

Bertelsmann said on Thursday it was not possible to establish if Luxemburg takeover law would apply to the transacti ...[more]

Alitalia board seen picking Air France: sources

Sources close to the situation told Reuters on Thursday that Alitalia's board will propose that the government starts exclusive talks with the French carrier, putting pressure on Rome to excl ...[more]

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