Danish industrial giant Danfoss A/S has issued a revamped bid for full control of Sauer-Danfoss (NYSE: SHS), the diversified machinery company in which it already owns a 75% stake. The proposed buyout offer values the entire company at nearly $3 billion and marks a significant increase from an earlier offering that would have valued the company at about $2.4 billion.
Although Sauer-Danfoss's board of directors has unanimously more »
In an amended 13G filing earlier this week, Ralph Whitworth of Relational Investors disclosed his firm had lowered its stake in Flowserve Corporation (NYSE: FLS) to 2.34 million shares, a decrease of over 30% from its 2Q stake of 3.09 million shares. Whitworth founded the firm in 1996 with the idea of investing in strategic blocks.
At the end of 2Q, Flowserve was Whitworth’s fifth largest position more »
Although 2012 has started with a bang on Wall Street, some investors need to add more stable investments to balance out some of the fast-movers they have purchased. Deciding on a solid investment is more than picking a stock with a cheap price or one that pays a dividend. Stocks from businesses with little or no debt provide an appealing option since they indicate companies that are not going to more »