Steel deal.Steel Deal: Platinum Equity Platinum Equity is an American information technology and private equity firm. It was founded by billionaire Tom Gores in 1995 and is headquartered in Beverly Hills, California. announced plans to purchase PNA PNA Palestinian National Authority PNA Phoneline Networking Alliance PNA Peptide Nucleic Acid PNA Personal Navigation Assistant PNA Pacific/North American PNA Polish National Alliance (established 1880 in Chicago, Illinois) Group Inc., a steel products processor and distributor with annual revenue of $1.2 billion, from German travel and tourism giant TUI AG TUI AG (Touristik Union International) (ISIN: DE000TUAG000) is a German based company. Until 2001 it was an industrial and transportation company named Preussag AG, which in the mid-1990s decided to reinvent itself as a tourism, shipping, and logistics company. . Financial details of the deal were not disclosed. TUI tui: see honeyeater. (Telephone User Interface) The combination of Touch-tone input from the telephone keypad coupled with speech output from the connected voicemail or IVR application. , the largest travel and tourism company in Europe, has recently been divesting some of its industrial holdings to focus on its core tourism and shipping sectors, Platinum Equity said in a statement. TUI said it expects the sale to be completed in the second quarter of 2006. Atlanta-based PNA Group processes steel and distributes it to fabricators, manufacturers and distributors, primarily in the U.S. |
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