Nokia Buys Earthmine, GE Sells Equipment to Clean Energy: Merger and Acquisitions Recap
Nokia Corporation (NYSE:NOK) purchases Earthmine, which is a mapping company that specializes in producing three-dimensional maps with street views. The transaction should close by the end of 2012, but Nokia spokesman Dour Dawson did not release the financial details. Earthmine is based in Berkeley, California.
Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.
In a move to reach the Upper Beaver project in the Kirkland Lake region of Ontario, Osisko Mining (OSKFF.PK) acquires Queenston Mining (QNMNF.PK) on a fully diluted basis. Osisko Chief executive Sean Roosen said on a conference call that, “We thought the opportunity was now … we saw it (Upper Beaver) as a strategic asset.” Presently, Queenston holds a huge land parcel around the lake through which it mines gold with more than 3.5 million ounces produced from 1913 up to the mid-1980s.
General Electric Company (NYSE:GE) will divest equipment to Clean Energy Fuels Corp. (NASDAQ:CLNE). The latter is currently building out a line of liquefied natural gas fueling stations for use by American truck drivers and is purchasing two GE-made MicroLNG facilities through which to supply liquefied natural gas for a network of 70 natural gas fueling stations it’s launching at truck stops on interstate highways in 2012, according to a company statement released on Tuesday.