Julian Mitchell News
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General Electric Co. is tapping proceeds from the sale of NBC to fund its $3.3 billion purchase of Lufkin Industries Inc. as Chief Executive Officer Jeffrey Immelt takes advantage of an oil-drilling boom.
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Rexnord Corp., the ball-bearing maker controlled by Apollo Global Management LLC, climbed the most in almost three months after hiring Goldman Sachs Group Inc. to review options including a sale.
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KKR & Co., the private-equity firm run by Henry Kravis and George Roberts, agreed to buy industrial equipment maker Gardner Denver Inc. for about $3.7 billion after raising its offer.
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Rexnord Corp.’s review of its strategic options will probably spur the separation of its two units, providing takeover bait for suitors including Watts Water Technologies Inc. and Honeywell International Inc.
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Hawker Beechcraft Inc., the bankrupt business-jet maker owned by Goldman Sachs Group Inc. and Onex Corp., may draw higher bids after agreeing to sell itself to Superior Aviation Beijing Co. for $1.79 billion.
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Textron Inc. climbed the most in more than two years after forecasting higher 2012 profit than analysts estimated amid growing demand for Cessna aircraft and Bell helicopters.
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Textron Inc. climbed the most in more than two years after forecasting higher 2012 profit than analysts estimated amid growing demand for Cessna aircraft and Bell helicopters.
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Ingersoll-Rand Plc plans to spin off its commercial and residential security businesses within the next year after hedge-fund manager Nelson Peltz pressed for a breakup to boost shareholder value.
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Rockwell Automation Inc., the Milwaukee-based maker of factory-automation software, fell the most since February 2009 after quarterly operating profit trailed analysts’ estimates.
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The cost to protect debt from General Electric Co.’s finance unit against a default rose to the most in almost a month after Moody’s Investors Service cut its credit rating by two steps.
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