Mergers and Acquisitions Review: Siemens Ready To BUY Ansaldo, Google ACQUIRES Sparrow
Siemens A.G. (NYSE:SI) is ready to offer €1.3 billion, or $1.6 billion, to purchase the electricity turbines firm Ansaldo Energia from Italian group Finmeccanica Spa (FINMF.PK) and U.S. fund First Reserve, according to Reuters. Ansaldo is relatively small, but an analyst in London says that “Siemens will get access to those markets where it is not present”.
Google, Inc. (NASDAQ:GOOG) has acquired Sparrow, which develops popular Mac and iOS e-mail applications that feature a Twitter-like interface. Harry McCracken of Time believes that Sparrow will soon be discontinued, however. Verge reports Google paid less than $25 million for the company, and wants it so as to enhance Gmail’s polish and ease-of-use.
Shares of Magellan Health Services, Inc. (NASDAQ:MGLN) rise again Friday, following Thursday’s 8 percent jump, on word that the firm has been working with Credit Suisse for months, looking at strategic alternatives, which might include a potential sale. Chatter has it that the sale process has reached an advanced stage.
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