SA News • Nov. 15, 2011
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Nov. 15, 2011, 10:39 AMColfax (CFX +4.2%) trades higher after UBS upgrades its rating to Buy from Neutral. Shares now trade just a hair under their 52-week high after running up 33% over the last month as the company continues to meet with lenders to line up financing for its acquisition of Charter International (CHITF.PK). | Comment!
Sep. 12, 2011, 6:49 AMU.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. | Comment!
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