Hydraulics supplier Swanson Industries has acquired majority ownership of Tiefenbach North America, effective October 31. The company confirmed the deal November 4 but did not disclose financial details. Tiefenbach Control Systems (TCS) will retain minority interest in TNA. Established in 2000, West Virginia-headquartered Tiefenbach North America is a leading supplier of hose, fittings and hydraulic components for longwall systems to…
Read MoreDay: November 7, 2022
Bidding war erupts for Yamana Gold
Canadian-based Yamana Gold confirmed on November 4 that it received an “unsolicited binding proposal” from Agnico Eagle Mines and Pan American Silver that was superior to a previous takeover bid from South African miner Gold Fields. The joint cash and stock offer from Agnico Eagle and Pan American valued Yamana at around $4.8 billion, while the Gold Fields all-stock deal…
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