[NTIACNews]Onex Buys Kodak's NDT Business
Chris Coughlin
ccoughlin@ntiac.com
Fri, 12 Jan 2007 14:42:30 -0600
Hello All,
Canadian company Onex Corp. has announced its intended acquisition of
Kodak's Health Group, including Kodak's nondestructive testing business,
in a transaction worth approximately US$2.35 billion. The NDT business
sells systems and supplies for both digital and conventional radiography.
According to their press release, the group had revenues of
approximately US$2.54 billion for the twelve months ending September 30
2006.
At the time of this writing, Onex's TSE-traded stock OCX was up 8 cents
to $28.39 and Eastman Kodak (EK) was up 9 cents to $25.42. Onex's press
release is available from their web site at
http://www.onex.com/index.taf?pid=68&_UserReference=8DD6E10AB357D32B45A7EF9D#
.
Regards,
Chris
--
Chris Coughlin / NTIAC / 415 Crystal Creek Drive / Austin TX 78746
Phone (800)684-2239 or (512)263-2101x227 / FAX (512)263-3530
Email ccoughlin@ntiac.com <mailto:ccoughlin@ntiac.com> / Web http://www.ntiac.com ; http://www.chriscoughlin.com