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Stock Market & Financial Investment News

News Breaks
May 15, 2014
12:05 EDTCGCarlyle offer to acquire Schneider Electric unit accepted
Schneider Electric announced that it has accepted the binding offer from The Carlyle Group (CG) and PAI partners, which was received and announced on April 3, to acquire Custom Sensors & Technologies Inc. based on an enterprise value of $900M. As part of the transaction, Schneider Electric will reinvest approximately $100M alongside Carlyle, PAI and CST management to own a shareholding of about 30% of CST. This offer has been accepted after consultation with the relevant works councils and trade unions, Schneider noted. The transaction is expected to close by the end of the year, subject to various regulatory approvals.
News For CG From The Last 14 Days
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September 2, 2014
07:27 EDTCGAkzoNobel pitched Carlyle $7B coatings unit, Bloomberg says
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August 31, 2014
16:26 EDTCGCarlyle Group to settle allegations of collusion for about $115M, WSJ says
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13:31 EDTCGHart Energy to hold a conference
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August 27, 2014
06:39 EDTCGCarlyle, Vanke in advanced discussions for mall acquisitions, Reuters says
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