U.S. crane maker Terex and Finnish competitor Konecranes to merge

Posted on Tuesday, September 1st, 2015 at 7:34 pm    

Amid a more stringent competition and weak European and Chinese markets, U.S. cranes and heavy equipment manufacturer Terex and its Finnish competitor Konecranes have recently agreed to a $10 billion all-share merger, Reuters reported on Tuesday, August 11.

According to the deal, Terex investors will own 60% of the combined company while shareholders from Konecranes will own the rest of the company. The enlarged entity, which will be called Konecranes Terex, will be based in Hyvinkaa, Finland, as well as Westport, Connecticut.

The two companies said the deal would help them save costs and aim for cross-selling amid market challenges. They also hope that the move will generate $119 million in annual net income benefits three years after its completion.

The merger is expected to end early next year.

Mergers such as this are strategic – especially when dealing with market challenges. At Arenson & Maas, PLC, we guide businesses in Cedar Rapids when pursuing such transactions. Call us at (319) 363-8199 for assistance today.

Blake Shelton and Miranda Lambert announce divorce in statement

Posted on Friday, August 7th, 2015 at 2:34 pm    

Country music stars Blake Shelton and Miranda Lambert have officially announced their split in a statement filed by their representatives on July 20, according to a report by the U.S. News.

In the statement, the two said the decision to file for divorce was not something that they had ever envisioned. The couple’s personal lives and Lambert’s weight have recently been the center of tabloid gossip.

Blake Shelton is known for his role as one of the judges on “The Voice” and has also co-hosted the American Country Music Awards. Miranda Lambert is an award-winning country music singer who has secured several Grammys and repeatedly dominated the Country Music Association’s and Academy of Country Music’s awards.

Reaching a divorce agreement that is favorable for you and your children is possible with the help of assertive and seasoned family law attorneys who understand how to best advocate for your rights. To learn more about how our team at Arenson & Maas, PLC, might be able to help you, call our Cedar Rapids office at (319) 363-8199 today.

P&G merges its beauty brands with Coty Inc.

Posted on Friday, July 17th, 2015 at 4:39 pm    

Multinational consumer goods company Procter & Gamble (P&G) is selling 43 of its hair care, fragrance, and cosmetics brands to beauty products manufacturer Coty Inc. in a merger worth $12.5 billion, the Business Insider reported July 9.

P&G expects the deal to result in a one-time gain of $5 billion to $7 billion. P&G CEO A.G. Lafley said Coty Inc. will be a strategic company to house the brands and the people handling them. Meanwhile, analysts from Bank of America Merrill Lynch predicted that the deal would enable Coty to double its sales.

Among the brands involved in the merger are Gucci fragrances and CoverGirl makeup.

Mergers are strategic business transactions that can fortify your business amid market challenges. To get the most out of such business transactions in Cedar Rapids, enlist the help of a business lawyer at Arenson & Maas, PLC, for assistance through the complex legal requirements these processes entail. Call us at (319) 363-8199 today.

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