Mergers and Acquisitions Recap: 3M ENTERS Toll Industry, News Corp. BIDS for CMH
3M (NYSE:MMM) says that paying $110 million for an acquisition is a nominal fee for entry into the $3 billion toll industry, which could grow by as much as 12 percent yearly, “as government agencies increasingly rely on tolling to fund roadway infrastructure”.
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A biding war could be developing in Oz, as the Australian TV holding company CMH goes on the block. News Corp. (NASDAQ:NWS) has already bid $2 billion, but Rupert Murdoch and fellow tycoon Kerry Stokes might now get into the act and make things much more entertaining.
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