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Stock Market & Financial Investment News

News Breaks
February 10, 2014
10:21 EDTCGContinental to acquire Veyance Technologies from Carlyle for $1.9B
Continental AG announced it has signed an agreement to acquire Veyance Technologies, which engineers, manufactures and sells products made of rubber and plastics, for $1.9B from The Carlyle Group. In 2013, Veyance Technologies Inc. has generated revenues of approximately $2B, of which more than 50% are allocable to the NAFTA-Region. The transaction is subject to merger control clearance.
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August 14, 2014
06:40 EDTCGCarlyle hires firms for Axalta IPO, Reuters says
Carlyle Group (CG) gave Citigroup (C) and Goldman Sachs (GS) leading positions in the possible IPO of Axalta Coating Systems just eighteen months after it acquired the firm from DuPont (DD) for $4.9B, according to Reuters, citing people familiar with the matter. One of the sources said that the IPO could bring in nearly $1B. Reference Link
August 8, 2014
07:18 EDTCGCarlyle divides PQ to reignite interest in firm, Reuters says
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