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Marubeni to Buy Gavilon Group for $3.6B

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  • Description

    FBN’s Diane Macedo on Marubeni’s deal to buy Gavilon Group for $3.6 billion.

  • Duration 1:49
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There are an answer and then direct say that it has more business have lives -- -- Diane heyday in those shares into line brands are trading higher in the pre market after the industrial products supplier agreed.

To be acquired by a private equity group led by Goldman Sachs capital partners and for nearly 812 million dollars the offer of 25 dollars and fifty cents a share is important -- percent premium to the stock's close on Friday.

Meanwhile get the latest on home prices this morning at 9 o'clock eastern with the S&P case Shiller report for march.

Prices are expected to remain unchanged on a non seasonally adjusted basis from February march and they're expected to be down by two point 6% from this time last year.

Major layoffs could be on the way at Panasonic's headquarters in Osaka Japan and the -- the electronics company is reportedly considering slashing its workforce to 7000.

In half.

Panasonic has been trying to streamline its business after reporting a record loss in the last fiscal year.

A person familiar with the matter says the cuts will likely involve early retirement but some people may be moved to other departments when plans are finalized this fall.

Earnings a major consumer electronics makers like Panasonic Sony and sharp.

Had deteriorated in recent years due to competition from Samsung and of course apple.

Japanese company -- -- is set to become one of the world's largest grain traders.

The trading houses agreed to by the US is cattle on group for three point six billion dollars.

It's -- many biggest deal ever and largest cross border acquisition by Japanese companies so far this year according to the research firm geologic.

Japanese trading house -- have been aggressively buying assets overseas to secure natural resources and commodities.

-- -- group is the third largest grain handler in the US behind archer met Daniels Midland.

And -- Day in back to you wouldn't bet.

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