GA Trade July-Aug 2014 - page 4

MERGERS&ACQUISITIONS
Westlake Chemical to
BuyGermanRival for
about $667Million
Petrochemicals companyWestlake
Chemical Corp said it would buy
Germany polyvinyl chloride (PVC)
maker Vinnolit Holdings GmbH and
its subsidiary companies for 490
million euros ($667million) from
private-equity firmAdvent Interna-
tional.
SprintMergerwith T-Mobile
Inches Closer in theUSA
Amerger between the US-based
mobile networks, Sprint and
T-Mobile USA has reportedlymoved
much closer following a deal
between the two companies’ major
shareholders. Germany's Deutsche
Telekom is reported to have agreed to
sell its 67% stake in T-Mobile USA to
Softbank, which owns amajority
stake in Sprint.
uTest AcquiresGermanCom-
pany TesthubGmbH inMulti-
million-Dollar Deal
Technology company uTest Inc. said
today it has a new investor and has
acquired aGerman business. Also
known as Applause, uTest reported it
has acquired TesthubGmbH for an
unspecified amount of cash and
equity. The company described the
deal as amultimillion-dollar agree-
ment. Testhub is based inBerlin and
will become the European headquar-
ters for Applause.
OmnicomGroup's
TBWAAcquiresGerman
AgencyHeimat
TBWAWorldwide, an Omnicom
Group (NYSE: OMC) advertising
network, today announced its
acquisition of Germany's Agency of
the Year and leading independent
advertising agency Heimat. TBWA
will take amajority share inHeimat,
headed by founding partners
Matthias von Bechtolsheim, Guido
Heffels andAndreasMengele. Heimat
CEO and co-founder Matthias von
Bechtolsheimwill act as Chairman of
the newly formed TBWAOperating
Group Germany, which combines the
leaders of TBWA's German specialist
agencies.
T R A N S A T L A N T I C T I C K E R
4
GermanAmerican Trade July/Aug 2014
1,2,3 5,6,7,8,9,10,11,12,13,14,...40
Powered by FlippingBook