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Tag Archives: merger

Burns & McDonnell Inc. acquires AZCO INC. (access required)

  After collaborating on projects for several decades, Burns & McDonnell, ranked No. 1 in the power industry by Engineering News-Record, is acquiring AZCO INC., one of the nation’s premier industrial contractors. The acquisition creates one of the most comprehensive ...

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One weak plus one weak equals too weak (access required)

I recall that in 1997, the pudding-heads at the Federal Trade Commission put the kibosh on a proposed merger of Office Depot (ODP-$3.95) and Staples (SPLS-$13.25) because it feared the power of these two big-box stores. ODP and OfficeMax (OMX-$11.69) is a merger of two weak companies with a decade of declining revenues, cash flows, book values, earnings and share prices.

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