Content about Acquisition

Chevy Chase-based GEICO, one the largest insurance companies in the nation and with primary offices across the Maryland/D.C. border in Montgomery County is set to appear in front of the Montgomery County Planning Board on November 17, 2011 but for reasons not to the liking of either side.

The Planning Board is set to vote on the validity of an extension request for plans to redevelop GEICO's headquarters, and depending on which way the board votes could be a lose-lose situation for both parties.

Bethesda-based RLJ Lodging Trust (NYSE: RLJ)the real estate investment trust (REIT) that completed an initial public offering (IPO) in May 2011-- reported its second quarter 2011 results.

Total revenue for the quarter amounted to $211.5 Million, which beat analyst average estimates of  $202.85 Million.

That total revenue was much higher than a disclosed second quarter 2010 amount of $139.4 Million

The nation's largest lodging REIT reported earnings and acquisitions for its second quarter of 2011.

The Bethesda-based Host Hotels & Resorts, Inc (NYSE: HST) said revenues totaled $1.37 billion and net income for the quarter of $83 million or $0.11 cents per diluted share, besting $64 million in the same quarter last year.

NAREIT Funds From Operations (“FFO”) per diluted share was $0.32 cents per share. The average analyst estimate was a penny higher at $0.33 per share on revenues of $1.36 billion.

Fulton, Maryland-based Colfax Corporation (NYSE: CFX), has taken interest in another foreign mechanical technology supplier after the acquisition of Charter international which has propelled the companies quarterly revenues to figures approaching $1 billion.

The manufacturing and engineering company said it would pay $235 million for Soldex S.A, a welding products supplier based in the South American country of Peru. Soldex has manufacturing plants in Lima, Peru and Bogota, Colombia.

Baltimore-based Under Armour, Inc. (NYSE: UA) boosted revenues in its first quarter of 2012,led by increases infootwear and accessories sales. The sportswear maker pulled in net revenues of $384 million a 23 percent increase from $313 million in the same period last year.

Net income from first quarter 2012 revenues totaled $15 million or $0.28 cents per diluted common share, a 21 percent increase compared to $12 million or $021 cents per diluted common share in the first quarter of 2011.

D.C.-based Danaher Corporation (NYSE:DHR) wants to buy Grand Rapids, MI-based X-Rite, Incorporated (NASDAQ: XRIT) and has made a cash offer to acquire all outstanding shares of the technology company.

Danaher would pay $5.55 per share for X-Rite stock for a total offer price of approximately $625 million including debt.

X-Rite specializes in color measurement technology and includes design industry color provider Pantone. If the merger goes through X-Rite would become part of Danaher's Product Identification group.

Bethesda-based lodging real estate investment trust, DiamondRock Hospitality Company (NYSE: DRH) Chief Executive Officer, Mark W. Brugger made the following stock transactions on April 4, 2012.

Fairfax-based ICF International (NASDAQ:ICFI) is expanding into the web development business with the signing of a definitive agreement to purchase another Virginia based firm, Ironworks Consulting, L.L.C.

Richmond-based Ironworks has several offices around the country including one in Tysons Corner. The company is expected to bring in $57 million in revenue for 2011.

Herndon-based GTSI Corp. (NASDAQ: GTSI) has decided to sell interest in Eyak Technology LLC.

GTSI -- a government contractor -- said that it had entered into a Settlement and Redemption agreement with The Eyak Corporation, Global Technology Group, LLC and EyakTek, August 19, 2011 to sell remaining interest in Eyak Technology LLC which will end litigation and arbitration proceedings between parties as well as other owners invloved.

Defense contractor General Dynamics (NYSE:GD)completed its purchase of Westford, Mass based Fortress Technologies. The small firm wireless technology firm has 70 employees.

General Dynamics based in the unincorporated area of Falls Church in Fairfax County, did not disclose monetary terms of the deal besides it being a cash transaction.

Another area based biotechnology company has partnered with a company on the other side of the country, a much larger company, far, far away from here.

This time it's Rockville based Micromet, Inc.

Micromet, Inc labels itself as a biopharmaceutical company focused on finding treatments for cancer through commercialization of innovative antibody based therapies. The company traces its root back to 1993 in Munich, Germany where a small group of scientists set upon treating cancer via T cell based therapies.