Steve Fisher, general manager of Caterpillar Reman said: "This acquisition is an excellent strategic fit
, providing an opportunity to leverage a combination of Wealdstone and Caterpillar Reman strengths to provide a portfolio of remanufacturing services to original equipment manufacturers in the automotive industry."
Commenting on the transaction, David Simon, SPG CEO, stated, "Chelsea is a significant opportunity for Simon as it represents a great strategic fit
and a strong driver of growth for us going forward.
WDB chief executive Ralph Findlay said the Wizard buy was 'a good strategic fit
' with the 473pubs and bars and 1132 tenanted inns they already own throughout the country.
Trinity Mirror's chief executive, Sly Bailey, said: "These are tremendous assets to own but for Trinity Mirror there was limited strategic fit
. We were pleased with the high level of interest in these titles, and believe we have achieved a good price and realised value for our shareholders by their disposal."
Mr Snook said: ``In Llewellyn we have found an acquisition which is an excellent strategic fit
with Rok's existing operations and provides the platform to expand our activities throughout southern England.''
The move represents an excellent strategic fit
, extending the companies coverage of North America and expanding relationships with several of their major international customers.
"The Clearasil acquisition is an excellent strategic fit
, substantially increasing BHI's global scale and coverage," says managing director Barry Clare.
Penton executive vice president James Zaremba said that "PTS events are a strong strategic fit
with Penton's Manufacturing and Design Engineering groups and will help strengthen our market positions in a number of market segments we serve..."
It does not appear likely at this point that any company will acquire AI for its strategic fit
, and it will most likely be sold to an investment firm rather than another instrument maker.
With that said, Maris tells investors that "deals at such premiums are rarely killed because of a bad strategic fit
or longer -term value outlook in the absence of other bidders." Though he would not completely rule out an activist investor disrupting the deal, he thinks it is unlikely given there has been a strategic review of the company for some time.
According to the group's executive chairman Jan Bennink, Sara Lee is evaluating currently whether the two units form a strategic fit
into the organisation.