Business news for Mon, 17 Dec 2007 & with word acquire. 16 news.

TRENTON, N.J. (AP) -- In a deal worth a cool $10 billion, Ingersoll-Rand Co. will acquire Trane Inc. and create one of the world's largest makers of commercial and residential home air conditioners, refrigerators for trucks and stores, and other climate control products....

TIANJIN Port Co, operator of the busiest port in northern China, says it has received "conditional" regulatory approval for a private share placement to buy assets worth 4.1 billion yuan (US$556 million) from its parent. In May it said it planned to issue up to 226 million new A shares at 18.17 yuan each to acquire berths and the container handling business from its state-owned parent, Tianjin Port (Group) Co. China Securities Regulatory Commission gave approval for the deal on Friday with some conditions, Tianjin Port said in a brief statement to the Shanghai Stock Exchange, without elaborating. Formal approval is expected later, it said. After the announcement, Tianjin Port rose 2.56 percent to 24.88 yuan yesterday when its shares resumed trading after a suspension on Friday. The Shanghai Composite Index was down 2.62 percent. The deal would reduce business overlap between Tianjin Port and its parent and the amount of connected transactions, as well as improve the

SOUTH Korea's largest retailer Lotte Shopping Co plans to acquire a stake in a Chinese discount-store chain to expand its presence on the Chinese mainland, the Seoul-listed company said in a regulatory filing yesterday. Lotte agreed to buy a 49-percent stake in CTA Makro, which now operates five discount stores in Beijing and two in Tianjin, from SHV Holdings NV for 57.6 million euros (US$82.90 million). The Netherlands-based SHV Holdings IV now operates CTA Makro with a 49-percent stake while China Trade Association Property Corp Ltd owns 51 percent. Lotte also plans to open another outlet in Beijing next year, according to the statement. However, the acquisition plan is still awaiting China's regulatory approval. Shanghai Daily's call to CTA Makro yesterday was not answered. The retailer, which controls more than 40 percent of South Korea's department store market and 14 percent of discount stores, is preparing to open new outlets through land purchases and buying existing

Organetix Inc. has executed a memorandum of understanding to acquire Seafarer Exploration Inc.

Ingersoll-Rand Acquire Trane, Creating Climate Control Behemoth in $10.1B Deal

Ingersoll-Rand Co. will acquire Trane Inc. in a US$10.1-billion deal that would create one of the world's largest makers of air conditioners, the two companies announced Monday.

LONDON (MarketWatch) -- Air France-KLM on Monday said it's made a non-binding offer to acquire all the shares of Alitalia and detailed plans to inject at least 750 million euros ($1.09 billion) of fresh capital into the struggling Italian airline.

Ingersoll-Rand is to buy Trane in a $10.1 billion cash-and-stock transaction that would create one of the world's largest makers of air conditioners and rank as one of the biggest such deals in years.

National Oilwell Varco, a maker of oil and gas drilling equipment, said Monday it will acquire Grant Prideco for about $7.4 billion in cash and stock, creating a new company with an estimated market value of $32 billion. The deal, the second major merger to be announced Monday, may herald a long-awaited return of deal making. [...]

US stocks were set to extend last week's losses amid renewed concerns about inflation while shares in Trane, the heating and air conditioning systems company, soared in pre-market trade after Ingersoll-Rand agreed to acquire the company for $10.1bn

NEW YORK (MarketWatch) -- Ingersoll-Rand Co. said Monday it would acquire Trane Inc., a provider of air-conditioning systems and services, in a $10.1 billion deal that will further diversify the company's global-wide climate-control businesses.

Ingersoll-Rand will acquire Trane in a $10.1 billion deal that would create one of the world's largest makers of air conditioners, ...

Ingersoll-Rand Co. will acquire Trane Inc. in a $10.1 billion deal that would create one of the world's largest makers of air conditioners, the two companies announced Monday.

Ingersoll-Rand Co. will acquire Trane Inc. in a $10.1 billion deal that would create one of the world's largest makers of air conditioners, the two companies announced Monday.

Chilean retailer buying the super market chain.