BAE Systems Puts U.S. Component Unit Up for Sale

British defense company BAE Systems (BAESY) hired two banks to sell its U.S. component manufacturing businesses.

The company confirmed Monday that it had hired Wells Fargo (WFC) and JP Morgan (JPM) “to advise on strategic options” regarding its Platform Solutions unit, including a possible sale, Reuters reported.

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BAE could raise as much as $2 billion by selling part of its North…

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BAE Systems Puts U.S. Component Unit Up for Sale originally appeared on DailyFinance on Mon, 13 Sep 2010 08:32:00.

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HP to Buy Cyber Security Company ArcSight for $1.5 Billion

Hewlett-Packard (HPQ) will purchase cybersecurity software company ArcSight (ARST) for $1.5 billion, or $43.50 a share.

The deal will close by the end of this year, the companies said in a statement.

“The combination of HP and ArcSight will provide…

HP to Buy Cyber Security Company ArcSight for $1.5 Billion

Hewlett-Packard (HPQ) will purchase cybersecurity software company ArcSight (ARST) for $1.5 billion, or $43.50 a share.

The deal will close by the end of this year, the companies said in a statement.

“The combination of HP and ArcSight will provide…

3G Capital Appoints New Burger King CEO

Burger King (BKC) will have a new CEO once it is sold to 3G Capital.

3G today announced that it plans to appoint Bernardo Hees, a partner at the investment group, as CEO of the fast-food retailer once the deal is complete.

Hees was previously CEO of America Latina Logistica, a railroad and logistics company.

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“Bernardo is an experienced executive with an impressive track record of…

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3G Capital Appoints New Burger King CEO originally appeared on DailyFinance on Thu, 09 Sep 2010 09:11:00.

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