| Xerox buys Merizon for undisclosed sum and Caterpillar sells part of Bucyrus business |
| News - Financial News |
|
Xerox Corp. said Wednesday that its Global Imaging Systems subsidiary had acquired copier and printer distributor Merizon Group Inc., its latest acquisition of an office services company. Terms of the deal were not disclosed. Xerox said the purchase built on its strategy of "creating a nationwide network of locally-based companies focused on improving document workflow and office efficiency." The Global Imaging office technology division sells printers, copiers and other products. It has bought companies in Iowa, New York, Illinois, Virginia and Florida this year. Merizon's MBM division, based in Appleton, Wis., distributes Canon, Samsung and Kyocera Mita copiers, printers and other systems. MBM will begin offering Xerox's printing products and print services to its customers, the Norwalk, Conn., company said.U.S. [Read the full article] Reportedly, Apple Inc. (NasdaqGS:AAPL - News) is planning to acquire the Israel-based flash storage solutions provider Anobit, for approximately $400 million to $500 million. Anobit chips are already used in Apple devices such as iPhone, iPad and MacBook Air.Based in Herzeliya Pituach, Israel, Anobit also supplies Memory Signal Processing (NYSE:MSP - News) technology, which improves the performance of flash storage products and systems and also makes them cost-effective. Anobit also supplies its chips to Samsung and Hynix. Incidentally, Hynix recently became the main flash memory supplier for Apple's iPhone 4S.Apple is not known for multi-million dollar acquisitions unless absolutely necessary. If the deal goes through, this would be Apple(TM)s second acquisition where the company would have invested more than $400 million. The first such deal was the NeXT acquisition. Apple had purchased NeXT, a computer programming services company, for $404 million. [Read the full article] Sees mid-single digit organic sales growth in 2012, moderated volumes, positive pricing. Sees 3-4 percentage point benefit from CPT acquisition.U.S. stocks fell on Wednesday with traders focused on a sliding euro and rising Italian bond yields as market anxiety …Quotes delayed, except where indicated otherwise. Delay times are 15 mins for NASDAQ, NYSE and Amex. See also delay times for other exchanges. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. [Read the full article] 
|