Stephen Simpson, CFA
Feb. 12, 2014, 4:48 PM
- Colfax (CFX) agrees to acquire Victor Technologies, a manufacturer of cutting, gas control and specialty welding solutions, from Irving Place Capital for $947M, including the assumption of debt.
- CFX says it expects the acquisition to be immediately accretive to adjusted EPS and free cash flow.
- To finance the deal, CFX will begin a public offering of 6.5M common shares.
- CFX -1.5% AH.
Sep. 12, 2011, 6:49 AM
U.S. pumps and valves manufacturer Colfax (CFX) will buy U.K. toolmaker Charter International (CHITF.PK) for £1.53B ($2.4B) in cash and shares, beating off rival bidder Melrose (MLSPF.PK) (PR). Despite the sweeter bid, Colfax still needs to convince Charter's shareholders that it can do a better job of a turnaround.| Sep. 12, 2011, 6:49 AM
Sep. 12, 2011, 6:46 AM
Sep. 5, 2011, 5:00 AM