ARCHIVES Search | Login | Search Tips | FAQ | Pricing | About the Archive | Terms
ProQuest is no longer the archive provider for Los Angeles Times. Please visit their web site to view their new archive. If you have previously purchased articles, you may log in to view them. If you have an active article plan, you may log in and continue to use it.
Start a New Search
Buy Complete Document: AbstractAbstract Full Text Full Text
California and the West; German Firm May Bid for BAX Global of Irvine
Los Angeles Times - Los Angeles, Calif.
Date: Nov 10, 2005
Start Page: C.2
Section: Business; Part C; Business Desk
Abstract (Document Summary)

Another source said Deutsche Bahn was in exclusive talks to acquire BAX Global and could buy the business, a unit of U.S. security firm Brink's Co., if Bahn's supervisory board approved the deal by mid-November.

Shares of Richmond, Va.-based Brink's, which surged about 10% on Monday after Reuters reported that Deutsche Bahn was seeking to acquire BAX Global, opened little changed Wednesday and closed a penny higher at $46.27.

Buying BAX Global, which has about 12,000 employees and posted sales last year of $2.4 billion, would boost Deutsche Bahn's competitiveness in the U.S. and strengthen its logistics arm Schenker by adding air and sea transportation from the U.S. to Europe and Asia.

Buy Complete Document: AbstractAbstract Full Text Full Text

Most Viewed Articles  (Updated Daily)