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Manufacturing company $HON said it has agreed to acquire Intelligrated, a private supply chain company for $1.5Bil from a company backed by the Permira funds. The purchase price translates to about 12 times Intelligrated's estimated 2016 EBITDA. The transaction is expected to close by the end of the third quarter, subject to conditions.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.