Siemens and Gamesa form world leading wind turbine group
Siemens and Gamesa Corp. Tecnologica plan a merger to create the largest wind turbine maker with about 69 gigawatts installed globally. Siemens will own 59 percent, Gamesa 41 percent plus 1 billion euro cash. Headquartered in Spain with offshore unit hubs in Hamburg and Vejle, the deal targets completion in early 2017 pending regulators.
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Revlon to Acquire Elizabeth Arden in $419 Million Deal
Revlon will acquire Elizabeth Arden for about 419 million dollars in a cash deal at 14 dollars a share, a 50 percent premium to Arden’s close. The merger aims to revive both aging cosmetics brands with a stronger distribution network and marketing push in Asia and other regions.
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