All Mergers and acquisitions articles – Page 49
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Fairstar rejects Dockwise take over bid
April 23 - Fairstar Heavy Transport has received an unsolicited, conditional, offer from Dockwise to acquire Fairstar shares at a purchase price of NOK9.3 (USD1.6) per share.
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India's UGL to acquire LANS
March 30 - India's Unique Global Logistics (UGL) is to acquire Mumbai-based LANS Projects Pvt Ltd in a bid to increase its share of the wind energy and oil and gas sectors.
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Magnone takes the helm at Skelton Sherborne
March 30 - Australia's largest freight forwarder of mining and construction equipment, Skelton Sherborne, has appointed Julie Magnone as chief executive officer (CEO).
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Volga-Dnepr set to boost presence in Germany
March 19 - Volga-Dnepr's planned acquisition of Air Cargo Germany is now waiting for anti-trust clearance from the authorities says the airline.
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Art for art's sake
March 8 - An artwork, Max Bill's 66 tonne sculpture 'Continuity', has been lifted into place by a Terex mobile crane - but not an ordinary crane. It was the 200th unit of the AC 500-2 delivered from the Terex Cranes facility in Zweibr
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Panalpina reports a successful 2011
March 7 - The Panalpina Group, which handles project cargo through its Panprojects division, can look back on a successful 2011 after further expanding its profit margins and achieving a consolidated profit of USD 138.3 million.
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Gulf Stream Marine recapitalised
March 2 - The CapStreet Group, LLC and Crutchfield Capital Corporation has reported the majority recapitalisation of Gulf Stream Marine, Inc by CapStreet Group. Crutchfield served as the exclusive financial advisor to Gulf Stream Marine throughout the tra
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Chinese market coming of age
March 1 - US management consulting firm A.T. Kearney is "very optimistic" about the prospects for China's breakbulk market, saying important structural changes in the country's economy and a growing sophistication among Chinese shippers suggest opportunit
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Rickmers-Linie expands its China coverage
March 1 - Rickmers-Linie is expanding its market coverage in China and is enhancing sales and marketing activities into central and southern China.
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Widdows to take over from Steffens at Rickmers
February 16 - After ten very successful years with the Rickmers Group and especially, with Rickmers-Linie, Jan B Steffens will, by 31 March 2012, step down from the twin positions of CEO of Rickmers Holding and of Rickmers-Linie although he will continue
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First for Demag Cranes in Bermuda
February 7 - A Gottwald HMK 170 Ewill be taking up commercial operations in the spring of 2012 at the port of Hamilton, the capital of Bermuda, where it will be handling containers and general cargo.
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Prangl expands telescope boom fleet
February 7 - Austrian crane and material handling hirer Prangl has acquired a further range of Liebherr mobile cranes with telescopic booms.
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SDV invests in FAST Overseas Group and FAST France
January 26 - After several years of cooperation, SDV International Logistics has taken a minority interest in the FAST Overseas Group, which has a presence in Lebanon, Syria, Jordan and Italy.
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Shipping confidence picks up despite eurozone fears
December 16 - Overall confidence levels and the likelihood of major new investments in the shipping industry in the next 12 months picked up marginally in the quarter ended November 2011, according to the latest Shipping Confidence Survey from accountant
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Toll Group announces retirement date for head of strategy and M & A
December 14 - Toll Group has announced the impending retirement of long-time head of strategy, M & A, Stephen Stanley, effective 30 June 2012.
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Noatum names new commercial director
December 14 - Kim Gadegaard has been appointed new commercial director for Noatum Terminals, one of Spain's leading maritime terminal and port operation services companies.
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Doug Tilden joins Brookfield Ports Team
December 12 - Brookfield Infrastructure Group has announced that Doug Tilden (pictured below), former chief executive officer of Marine Terminals Corp, has joined the company as senior consultant for its ports business.
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Big questions over TBS International's future following announcement
November 10 - In its latest financial results, TBS International has reported that its equity in the eyes of its lenders has 'no value' leaving uncertainty over the company's future in light of its ongoing difficulties in complying with all financial cove
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Dockwise to sell yacht transport arm
November 8 - Following last week's announcement of the granting of a grants waiver request by its lending syndicate, Dockwise Ltd has announced it has signed a letter of intent to sell its wholly-owned subsidiary, Dockwise Yacht Transport (DYT) to Coby En