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Lonza buys Cambrex units for $460M

EAST RUTHERFORD, N.J., Oct. 24 (UPI) -- New Jersey's Cambrex Corp. said Tuesday it is selling its bioproducts and biopharma businesses to Lonza Group AG for about $460 million.

Kenexa buys BrassRing for $115 million

WAYNE, Pa., Oct. 6 (UPI) -- Kenexa Corp., a Philadelphia-area employment software firm, is buying BrassRing, which makes human resources software for $115 million.

Open Text paying $489M for Hummingbird

WATERLOO, Ontario, Oct. 2 (UPI) -- Canadian software maker Open Text Corp. is paying about $489 million to buy Hummingbird Ltd., a smaller domestic rival.

INVESTools buys thinkorswim for $340M

CHICAGO, Sept. 19 (UPI) -- INVESTools Inc., an investor education company, is buying thinkorswim Group Inc., a Chicago online brokerage platform, for $340 million.

Plymouth Rubber out of Chapter 11

PLYMOUTH, Mass., Sept. 5 (UPI) -- Massachusetts' Plymouth Rubber Company Inc., and its wholly owned Brite-Line Technologies Inc. unit, said Tuesday they have emerged from bankruptcy.

Tiara Medica to Viasys for $24.3 million

OAK FOREST, Ill., July 12 (UPI) -- Viasys Healthcare Inc. said Wednesday it paid $24.3 million to buy Tiara Medical Systems Inc., which is based in Oak Forest, Ill.

Saxon buys seven drilling rigs

CALGARY, Alberta, June 27 (UPI) -- Canada's Saxon Energy Services Inc. is paying $55 million for Kinnell Drilling Ltd. and Kinnell Resource Consultants Ltd. Closing of the all-cash deal, which includes seven drilling rigs, is set for July 1, Saxon said Tuesday.

ShopKo in sale-leaseback deal

GREEN BAY, Wis., May 10 (UPI) -- Spirit Finance Corp. will pay $815.3 million to buy the real estate assets of Wisconsin's ShopKo Stores Inc. and its parent.

XM with refinancing transaction plan

WASHINGTON, April 13 (UPI) -- XM Satellite Radio is going ahead with a refinancing transaction to replace its higher interest rate debt with lower rate debt.

Otelco buys Mid-Maine for $37.8 million

ONEONTA, Ala., April 11 (UPI) -- Alabama's Otelco Inc., a sole wireline phone service provider, will pay $37.8 million in cash to buy Mid-Maine Communications Inc.

GM's cash-flow problems hit flood level

DETROIT, March 30 (UPI) -- The already significant financial woes of Detroit's General Motors Corp. have worsened with another credit rating cut.

Solutia's DIP loan gets bigger and cheaper

ST. LOUIS, March 17 (UPI) -- Bankrupt Solutia Inc. of St. Louis said Friday it enlarged its debtor-in-possession loan, cut the interest rate and extended the maturity.

Calpine gets $2 billion in DIP financing

SAN JOSE, Calif., Feb. 24 (UPI) -- Calpine Corp., a bankrupt California utility, said Friday it obtained funding for a $2 billion debtor-in-possession facility.

UAL gets financing of as much as $3B

CHICAGO, Jan. 9 (UPI) -- Chicago-based UAL Corp., parent of bankrupt United Airlines, said Monday it secured an exit financing loan for as much as $3 billion.

EPIQ paying $125 million for nMatric Inc.

KANSAS CITY, Kan., Nov. 15 (UPI) -- Kansas-based EPIQ Systems Inc. said Tuesday it was paying $125 million to buy nMatrix Inc.
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