Mergers and Acquisitions: Triangle Partners With First Reserve, Accenture Buys Nokia Siemens Assets
Triangle Petroleum Corporation (AMEX:TPLM) and the private equity energy company First Reserve have formed a joint venture that will aim at resolutions of transportation bottlenecks, which are being experienced by energy producers in the North Dakota Bakken shale region. The new entity will start by building pipeline gathering systems that will link more than 100 widely located oil and natural gas well sites to rail terminals.
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Washington Post Co. (NYSE:WPO) will acquire a majority interest in the healthcare provider Celtic Healthcare for an unreported amount. Chief Executive Donald Graham believes the that the purchase fits the firm’s “decentralized operating philosophy” to seek out companies that possess strong earnings potentials.
The consulting and outsourcing major Accenture (NYSE:ACN) purchases Nokia Siemens’ (NYSE:NOK)(NYSE:SI) IPTV software assets for an amount that was not divulged. The buyer intends to join the software with Accenture Video Solution, which is a software platform that permits service providers to deliver Internet-based video services. For its part, Nokia Siemens has been assertively reducing both assets and jobs.
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