Pratt & Whitney Rocketdyne Completes Acquisition of ARDE, Inc. (PR Newswire) and CCC Information Services and Mitchell International Reaffirm Commitment to Merger; Intend to Contest FTC's Opposition (PR Newswire)

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City of Industry, CA --(www.USEquityNews.com)-- 11/26/2008 - Mergers and Acquisitions industry alert provided by U.S. Equity News. CANOGA PARK, Calif., Nov. 25 /PRNewswire-FirstCall/ -- Pratt & Whitney Rocketdyne has completed the acquisition of ARDE, Inc., an industry-leading
manufacturer of high performance spacecraft and missile propulsion components.

Financial details of the acquisition were not disclosed. Pratt & Whitney Rocketdyne is a United Technologies Corp. (NYSE: UTX) company. ARDE, located in Carlstadt, N.J., produces pressure vessels, propellant tanks and support structures, and provides integration of propulsion subassemblies. The company has more than 60 years of in-flight incident-free service to the space and missile industry, and has produced over 4,000 spacecraft and missile tanks."The addition of ARDE to Pratt & Whitney Rocketdyne enhances our offering of superior quality, leading edge products and services to our customers," said Jim Maser, president, Pratt & Whitney Rocketdyne. [Read the full article]

CHICAGO and SAN DIEGO, Nov. 25 /PRNewswire/ -- CCC Information Services
Inc., of Chicago, Ill., and Mitchell International, Inc., of San Diego, Calif., reaffirmed their commitment to the planned merger, and intend to contest the action taken by the Federal Trade Commission. The companies received notice today regarding the FTC's intent to oppose the merger. CCC and Mitchell reiterated their commitment to the value of the proposed merger and the competitive industry in which they serve.
Githesh Ramamurthy, CEO of CCC Information Services Inc. stated, "While we
are disappointed and disagree with the FTC's position, we intend to vigorously
challenge the FTC in court."Alex Sun, President and CEO of Mitchell International, added, "The driving force behind the proposed merger is the many benefits and innovations it can deliver to our customers. Our industry is -- and will remain -- intensely competitive. [Read the full article]

KAIFENG, China, Nov. 25 /PRNewswire-Asia-FirstCall/ -- China Valves
Technology, Inc. (OTCBB: CVVT), a leading metal valve manufacturer with operations in the People's Republic of China (the "PRC"), today appointed two new independent members to its Board of Directors. The Board of Directors of China Valves appointed Mr. Peter Li and Mr. William Haus as new independent directors. The effective dates for director contracts with Mr. Li and Mr. Haus are as of November 22, 2008 and December 1, 2008, respectively. Ms. Huifeng Chen and Mr. Renrui Tang voluntarily resigned from the Board of Directors on November 22, 2008. The size of the Company's Board of Directors remains at five members.Mr. Li was also appointed to serve as chairman of the Company's audit committee. [Read the full article]

ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it completed its acquisition of Grafoplast S.p.A., a manufacturer of wire identification systems for the wire and cable market. Terms of the transaction were not disclosed. Grafoplasts innovative productsâ€"from thermal printers and software to identification systems for special applications, cable holders and insulated end sleevesâ€"serve installers, contractors and automation industries across Italy and Europe. Grafoplastâ€(TM)s range of electrical permanent marking products complements 3M's existing range of tape marking system products and will help us to better serve the wire and
cable markets. [Read the full article]

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