TITLE

Dresser Rand in Spanish Buy

AUTHOR(S)
Cody, Tamika
PUB. DATE
March 2011
SOURCE
Mergers & Acquisitions Report;3/7/2011, Vol. 24 Issue 10, p17
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reveals the plan of Dresser-Rand Group to acquire Grupo Guascor S.L. for 690 million U.S. dollars. In a press release, Dresser-Rand Chief Executive Officer and President Vince Volple announced that a portion from the purchase price will be made through stock and that they are planning to repurchase 130 million U.S. dollars of its common shares to complete its previously authorized 200-million-U.S. dollar share repurchase program. Moreover, Dresser-Rand is planning to raise 330 million U.S. dollars of term loan financing.
ACCESSION #
59240292

 

Related Articles

  • CORRECTIONS/CLARIFICATIONS.  // Central Penn Business Journal;2/27/2009, Vol. 25 Issue 9, p2 

    Two corrections to articles concerning the acquisition of Enginuity LLC by Dresser-Rand Group Inc. on the list of mergers and acquisitions in the January 30, 2009 issue and the rating of the High Real Estate Group LLC in the commercial developers list in the January 2009 issue are presented.

  • GE May Spark Another Siemens Bidding War Over Dresser. GILLIAN RICH // Investors Business Daily;9/19/2014, p00 

    The article reports that the U.S. electronics company General Electric Co. (GE) held talks with oil and gas equipment manufacturer, Dresser-Rand Group Inc. for a possible takeover that could spark bidding war with European company Siemens AG. It states that the firm has not made offer but is...

  • Dresser Purchases Gimpel From Tyco Flow Control.  // Supply House Times;Jun2007, Vol. 50 Issue 4, p18 

    The article reports on the acquisition of the Gimpel branded product line by Dresser-Rand Group Inc. from Tyco Flow Control in the U.S. Under the terms of agreement, Dresser-Rand will take orders for Gimpel products and servicing equipment in the Gimpel line. According to Vincent Volpe Jr.,...

  • Business.  // Pipeline & Gas Journal;Nov2007, Vol. 234 Issue 11, p98 

    The article offers news briefs related to petroleum pipeline industries. Mark F. Maihad was appointed vice president and general counsel and secretary of Dresser-Rand Group Inc. EMS Acquisition Canada Inc. has acquired the assets and business of BlackWatch's pipeline construction division....

  • GLOBAL WRAP-UP.  // India Business Journal;Oct2014, Vol. 10 Issue 4, p44 

    This section offers business news briefs as of October 2014. Engineering and electronics conglomerate company Siemens is buying the Dresser-Rand Group for 7.6 billion U.S. dollars, including debt. Dutch consumer electronics company Philips is splitting off its lighting business. German...

  • Dresser-Rand Purchases Gimpel Valve Business From Tyco.  // Pipeline & Gas Journal;May2007, Vol. 234 Issue 5, p6 

    The article announces the consolidation of Dresser-Rand Group Inc. and Tyco International Ltd. in the U.S. It has been stressed that the Gimpel valve business from Tyco Flow Control was purchased by Dresser-Rand. It could be noted that Tyco Flow is a reporting unit of Tyco International. Among...

  • D&B, Renal TLs Rise on Break. Kellerhals, Richard // High Yield Report;5/31/2010, Vol. 21 Issue 22, p9 

    The article reports on the increase in price of a 245 million-U.S. dollar term loan backing the merger between U.S. Renal Care and Dialysis Corp., and a 150 million-U.S. dollar term loan backing the buyout of Dave & Buster by Oak Hill Capital Partners in May 2010 after breaking on the secondary.

  • OneStopPlus Holdco Offers $365M in Loans. Sibayan, Karen // High Yield Report;1/21/2013, p24 

    The article reports that the acquisition of plus size apparel retailer OneStopPlus Group from French retail-to-luxury firm PPR S.A. will be funded by a 280 million first-lien term loan due 2020 and an 85 million U.S. dollars second-lien term loan due 2020.

  • DRC - Dresser-Rand Group Inc - Company Analysis and ASR Ranking Report. Orr, Hunter // Alpha Street Research Reports;Spring2013, p1 

    www.AlphaStreetResearch.com - Full Coverage of 3,000 U.S. equities. Reports include Financials, Ratios, Competitor Comparison, and our proprietary ASR Ranking indicating Buy/Sell/Hold. Dresser-Rand Group Inc operates in the Energy Equipment & Services industry, a subset of the Energy sector. The...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics