Transom Capital Group, an El Segundo, California-based private equity company, has bought the professional liquids division of hair products maker Conair Corp. for an undisclosed amount.

Wescam Inc. (TSX:WSC)has agreed to be acquired by L-3 Communications (NYSE:LLL)of New York for $188 million in cash. L-3 said its $9.50 per share offer represents a 45 per cent premium on Wescam's ...