TITLE

The Overseas Edge

AUTHOR(S)
Jasch, Mary
PUB. DATE
April 2008
SOURCE
njbiz;4/7/2008, Vol. 21 Issue 15, Special section p6
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that European and Asian buyers are shopping for U.S. companies with cash or looking to form strategic joint ventures, as currencies, such as the won and euro, increase in value against the U.S. dollar. In 2007, Ingersoll-Rand sold its Compact Equipment Business and its Utility Products Business to Korean company Doosan Infracore for $4.9 billion. Michael Lorch, Ingersoll-Rand's director of development, said that they ran an auction, and Doosan offered the highest price.
ACCESSION #
31692338

 

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