Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Article excerpt

MiTek buys Oregon firm * MiTek Industries, a Chesterfield-based supplier of structural components and services for the construction industry, announced Wednesday it had acquired Benson Industries LLC, of Portland, Ore., a producer of curtain wall systems for large buildings. Terms were not disclosed. The deal will extend the company's offerings into the high-rise commercial building market, according to the company, which is owned by Warren Buffett's Berkshire Hathaway.

IMPACT buys Vandover * IMPACT Group, a Town and Country-based provider of corporate relocation services, has acquired Vandover, a Maryland Heights-based company that also provides corporate relations services. Terms of the acquisition were not disclosed. Combined revenue for the two businesses is expected to reach $16 million this year, according to the company. Vandover employees will eventually relocate to the Town and Country headquarters.

Dell nixes voting terms * Dell's board rejected CEO Michael Dell's attempt to change the voting rules for his bid to buy the slumping personal computer maker, a decision that is likely to doom the deal. But the endangered buyout could still get a reprieve if Michael Dell and his allies accept a counterproposal that would extend the voting period for a third time and allow a bigger pool of shareholders to cast ballots. The rebuff announced Wednesday marks the latest blow that Michael Dell and his main backer, Silver Lake Partners, have absorbed since reaching an agreement with Dell Inc.'s board nearly six months ago to buy the Round Rock, Texas, company for $24.4 billion, or $13.65 per share. A vote on Michael Dell's offer is scheduled to be held Friday.

DuPont gets seed company * After a nearly three-year battle with South African regulators, DuPont Co. said Wednesday that it has completed the purchase of a majority stake in South Africa's Pannar Seed. …

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