Intersil Corp. agreed to acquire Techwell Inc. for about $418 million, as the semiconductor company looks to boost its industrial business, which will become its largest market.
The company will pay Techwell $18.50 a share, a 49% premium to Friday’s closing price. Net of cash on Techwell’s books, Intersil anticipates paying about $370 million. The Milpitas, Calif., company has received $390 million of financing through Morgan Stanley.
Alliant Tech Systems announced Monday that it received $372 million in orders from the U.S. Army Contracting Command in Rock Island, Ill., to be produced at the Lake City Army Ammunition ... Read More
Jazz Air LP plans to replace some of its aging fleet of passenger aircraft and spend up to US$937 million to purchase as many as 30 new turboprops from Bombardier, the ... Read More
Sales of vehicles produced at Ford Motor Co.’s Kansas City Assembly Plant in Claycomo were a key reason Ford’s sales increased by more than 20 percent for the fifth straight month. ... Read More
The Food and Drug Administration on Thursday approved the first treatment that uses a so-called cancer vaccine, a drug that trains the body’s own immune system to fight the disease. The ... Read More
Landshire Inc., which makes and distributes packaged sandwiches for gas stations, plans to move its headquarters and 50 jobs from Belleville, Ill., to downtown St. Louis. The company, which has called ... Read More
With projected growth in offshore wind farms, turbine makers are adopting direct-drive generators, a technology which could help address concerns over cost and reliability of offshore wind. Siemens Energy last week ... Read More
Tektronix, Inc. completed the acquisition of privately-owned SyntheSys Research, Inc. Details of the transaction were not disclosed. SyntheSys Research (Menlo Park, Calif.) develops and manufactures high-speed signal integrity test and measurement ... Read More
Hewlett-Packard Co. has agreed to acquire Palm for $1.4 billion in cash, uniting a pair of companies that have failed to make much recent headway in the smart phone business. H-P ... Read More
Eaton Corp. announced on April 29 that it will collaborate with Takaoka Electric Manufacturing Company, Ltd. to develop and launch DC Quick Chargers, a key component in the charging of electric ... Read More
Medical device company Medtronic Inc. said Thursday it has agreed to buy heart device maker ATS Medical Inc. for $315.2 million in cash, expanding its products for cardiac surgery. Medtronic’s offer ... Read More