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Article: The real M&A work begins at deal's end.(News)
- Article from:
- Plastics News
- Article date:
- September 28, 2009
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Nina Ying Sun
At a time when caravans of affluent Chinese buy homes in the U.S. with cash, the nation's corporate overseas buying spree continues with a new level of global mergers and acquisitions knowledge and sophistication.
But unlike a real estate deal, cross-border M&A demands harder work after the transaction is completed.
There's no exception for China's Zhongding Sealing Parts Co. Ltd., which is buying two plastic and rubber molding subsidiaries from Akron, Ohio-based Myers Industries Inc. for $8.5 million.
The net assets of Buckhorn Rubber Products Inc. and Michigan Rubber Products Inc. are valued at $14 million.
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