Acquisitions

Networking Management Software Enables Consumers to Enjoy Digital Technology That Simply Works and Simply Connects

SAN JOSE, Calif., July 23, 2008 -- Cisco today announced its intent to purchase privately held Pure Networks, a Seattle-based leader in home networking-management software and tools. Pure Networks' home networking-management solution allows users to easily set up and manage a home network and connect a range of devices, applications and services within a home.
Cisco to Acquire Pure Networks    » read more »

ARMONK, NY, July 2, 2008 -- IBM (NYSE: IBM) today announced it has acquired Platform Solutions, Inc. (PSI), a privately held technology company headquartered in Sunnyvale, California. PSI's technologies and employees will become part of the IBM System z business unit of the IBM Systems and Technology Group. Financial terms were not disclosed.

PSI's technologies and skills, along with its intellectual capital, will become part of IBM's long-term mainframe product engineering cycles and part of IBM's future product plans.    » read more »

PARIS, July 02, 2008 -- H. J. Heinz Company (NYSE: HNZ) announced today its intention to acquire Bénédicta, a French manufacturer of table top sauces, mayonnaises and salad dressings. Terms of the intended transaction were not disclosed.

The acquisition is subject to normal regulatory and Works Council review. The management of Bénédicta has today informed its local Works Council of this prospective transaction.    » read more »

ST. PAUL, Minn., July 02, 2008 -- 3M announced today that it has completed its acquisition of IMTEC Corp., a manufacturer of dental implants and cone beam computed tomography (CBCT) scanning equipment for dental and medical radiology headquartered in Ardmore, Okla. Terms of the transaction were not disclosed.

IMTEC becomes a wholly-owned subsidiary of 3M and will be known as IMTEC, a 3M Company. This acquisition gives 3M ESPE access to two of the fastest growing segments in the dental industry and enables a digital ‘total restorative’ approach with more options than ever, including IMTEC implants, 3MTM ESPETM LavaTM crowns, and 3M’s advanced digital workflow solutions.    » read more »

CHARLOTTE, N.C., July 1, 2008 -- Bank of America Corporation today completed its purchase of Countrywide Financial Corp. to create the nation's leading mortgage originator and servicer. Bank of America will focus on responsible home lending, serving as a reliable source of mortgages for the American consumer. Bank of America also will assist new and existing customers with selecting the right product to meet their needs.    » read more »

Acquisition from Country Gourmet Foods Strengthens Campbell's Organic and Premium Soup Offerings

CAMDEN, N.J. July 1, 2008 — Campbell Soup Company (NYSE: CPB) today announced it has acquired the Wolfgang Puck soup business from Country Gourmet Foods. Separately, Campbell has entered into a master licensing agreement with Wolfgang Puck Worldwide, Inc. for the use of the Wolfgang Puck brand on soup, stock and broth products in North American retail locations, with an option to extend the brand into other related categories and channels. Wolfgang Puck is one of the leading organic soup brands in the United States.

Financial terms of the agreement were not disclosed. Campbell anticipates that the acquisition will not have a material impact on its business results in fiscal 2009.    » read more »

HOUSTON, July 1, 2008 -- Halliburton (NYSE: HAL) announced today that it has closed the previously announced acquisition of the 49 percent equity of Shell Technology Ventures Fund 1 B.V. in WellDynamics B.V. With this transaction complete, Halliburton owns 100 percent of WellDynamics.

David King, president of Halliburton's Completion and Production Division stated: "Combining WellDynamics' leading market and technology position with Halliburton's robust well completions and reservoir monitoring portfolio provides us significant competitive advantage in delivering increased reservoir productivity and maximized ultimate recovery to our clients."    » read more »