Conglomerates industry news provided by Financial News USA (OTC: FNWU) GE (NYSE:GE) Antares Capital, a unit of GE Commercial Finance - Global Sponsor Finance, recently announced that it has provided a $50 million senior debt credit facility to facilitate Audax Group's acquisition of Broadcast Electronics, Inc. ("BE"), a Quincy, Illinois-based leader in providing equipment and software solutions to the radio broadcast market. GE served as Lead Arranger for the transaction, which closed February 14. Tyco Fire & Building Products (TFBP), a division of Tyco International Ltd. (NYSE:TYC) and a world leader in water-based fire suppression systems and technology, announced recently a $3.5 million plan to renovate its current Cranston, RI-based R & D facility into a new, state-of-the-art Global Technology Center. The renovation plan consists of a multi-phase remodel of the existing center.
Neutron Enterprises, Inc. (OTCBB:NTRN), a developer of technology-based proprietary point-of-sale and digital media solutions, announced RECENTLY that EA Games, a unit of Electronic Arts, the world's leading interactive entertainment software company, will deploy Glo-Mation for use in an upcoming marketing campaign in Germany. Additional details were not disclosed due to competitive reasons. Federal Express Corporation has selected Pratt & Whitney, a United Technologies Company (NYSE: UTX), to provide an off-wing Fleet Management Program (FMP) in an exclusive 20-year contract that covers the company's fleet of PW4000-94 engines. In performing this contract, Pratt & Whitney Global Service Partners will manage the performance of the PW4000 fleet using its Advanced Diagnostics and Engine Management (ADEM) system.
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