Monday, June 18, 2012, 3:27 AM
British buyout group Melrose confirms it's in talks to buy German gas-and-electric meter company Elster Group (ELT) for $2.3B.
Monday, September 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.
Wednesday, June 29, 2011, 8:46 AM
U.K. firm Melrose (MLSPF.PK) makes a preliminary £1.3B ($2.1B) offer for embattled tool and equipment maker Charter (CHITY.PK). The £7.80 a share bid is a 30% premium to Charter's closing price on Monday. News of the approach sends Charter's shares surging 27% to £7.79 in London. Comment![M&A]