Motorola Splits In Two - March 27
Motorola will split into two publicly traded companies in order to separate its loss-making handset division from its other businesses, reports Reuters. Also, Brazil's Vale has terminated talks on a takeover of Swiss miner Xstrata that could have generated $90 billion in M&A volume. Meanwhile, Tata Motors will pay Ford Motor about $2.3 billion for Jaguar and Land Rover and Ford will contribute up to about $600 million dollars to the two brands' pension plans under terms of a sale agreement, The Financial Times reports. Finally, Caterpillar Incorporated will take control of a Japanese venture with Mitsubishi Heavy Industries to help expand in Asia, Bloomberg News reports.
Author: emiiwebsite
Keywords: EMII Institutional Investor
Added: March 27, 2008
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