Franchise News
Solvay Acquires Cytec, Boosts Customer Offerings
Solvay, a Belgian-based international chemical group, has agreed to acquire Cytec Industries, Inc. for $5.5 billion, according to Solvay’s press release.
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AIG Hires Douglas Dachille as Chief Investment Officer, Acquires First Principles Capital Management
In a press release, American International Group, Inc. (AIG) has named Douglas A. Dachille, CEO and Chief Investment Officer of First Principles Capital Management, as AIG’s Executive Vice President and Chief Investment Officer.
Honeywell Acquires Elster Division of Melrose Industries, Increasing Own Business Profile
Honeywell International, Inc. has announced the acquisition of gas measuring and metering company, Elster, from Melrose Industries Plc for approximately £3.3 billion or $5.1 billion, according to a press release by Honeywell.
Ford Reports Quarterly Profit Of $2.6 Billion In North America
Ford Motor Co. officials have reported a quarterly profit of $2.6 Billion from North America, the Associated Press reports.
Volkswagen Brand Sales Drop 2.6 Percent Compared To 4.4 Percent Overall Industry Increase In 1st Half Of 2015
Sales of the Volkswagen brand have dropped 2.6 percent compared to the 4.4 percent overall automobile industry increase for the first half of 2015.
Medical Properties to Increase Portfolio of Hospital Real Estate with Acquisition of Capella Healthcare
"Medical Properties Trust, Inc. has announced, in a press release, that it has entered into a “definitive agreement” to acquire Capella Holdings, Inc. for $900 million in cash."
P&G Set to Announce David Taylor as Successor to CEO A.G. Lafley, Lafley to Remain as Chairman
"Proctor & Gamble Co. is set to announce David Taylor, a company veteran, to be the next CEO, according to a report from the Wall Street Journal."
U.S. Capital Equipment Rise, Boosted by Non-Military Aircraft Orders
"According to the data released by the U.S. Census Bureau News, new orders for all manufactured durable goods increased by 3.4 percent or $7.7 billion to $235.3 billion in June."
Beacon Roofing Acquires Roofing Supply, Expanding its Geographical Footprint
In a press release, Beacon Roofing Supply Inc. announced that it entered into a “definitive merger agreement” to acquire Roofing Supply Group from investment firm Clayton, Dubilier & Rice for cash and stock transaction that is worth about $1.1 billion.
Mitsubishi To End Production in U.S., Partners with United Auto Workers to Look for Suitable Buyers of the Plant
Mitsubishi Motors North America Inc., a subsidiary of Mitsubishi Motors Corporation in the U.S., has just announced, in a press release, that it will be ending the production of the Outlander Sport, its sole production model at the Normal plant, by the end of November 2015.
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