Manufacturing conglomerate 3M Co. has agreed to pay $810 million for Arizant Inc., a company that makes heating devices for surgical patients. It's one of a string of recent acquisitions for 3M ( MMM - news - people ) as it stretches beyond its traditional business of making Post-It Notes and Scotch Tape. Last month, 3M agreed to buy Attenti Holdings SA, an Israeli company that makes ankle bracelets used to keep track of people, for $230 million. It also announced it would put up $943 million for Cogent Inc., which provides equipment that reads finger and palm prints. Arizant, which is majority owned by the New York private equity firm Court Square Capital, is based in Eden Prairie, Minn., near 3M's own headquarters in St. Paul. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
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INVESTMENTS IN INDIA
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http://in.groups.yahoo.com/group/investwise/
INVESTMENTS IN INDIA
We are low-risk, long-term investors.
Stocks, mutual funds and the entire investment gamut. Only financing/investment avenues in India will be discussed.
For any assistance, questions or improvement ideas, contact investwise-owner@yahoogroups.co.in
****************************************************************
NEW! ==== Check our LINKS and FILES sections for a world of information. REGULARLY UPDATED.
NEW! ==== Check "Tracklist" in Links and Files sections for Investment Ideas.
****************************************************************
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