buy side. something up..., page-23

re: buyers are getting impatient I would of thought this should of been announced.
It happened Aug 1..
although note last para, it takes a month to clear the sale.

cheers
tm


BRUSSELS (MarketWatch) -- The European Union Tuesday cleared L.A. private investment firm Platinum Equity LLC to buy the global Fastening Systems business of American Textron Inc. (TXT).
Platinum will pay $630 million for Textron Fastening Systems.
Textron Fastening Systems, headquartered in Michigan, supplies a range of engineered fasteners, components and automated assembly systems. Its customers include companies in the aerospace, construction, electronics and automotive industries.
It had revenue of $1.8 billion in 2005.
Textron Inc. announced earlier that it would sell Textron Fastening Systems in order to focus on its core businesses.
Los Angeles-based Platinum Equity invests in companies including telecommunications and entertainment. The more than 60 businesses it controls have around $13 billion annual revenue.
The buyout was cleared under the commission's simplified procedure. This clears deals automatically after one month if no third party complains.