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Cypress, Spansion agree all-stock merger

2014-12-02 09:03:00| Telecompaper Headlines

(Telecompaper) Cypress Semiconductor and Spansion announced a definitive agreement to merge in an all-stock transaction valued at USD 4 billion. The post-merger company will generate more than USD 2 billion in revenue annually and create a leading global provider of microcontrollers and specialized memories for embedded systems. Under the terms of the agreement, Spansion shareholders will receive 2.457 Cypress shares for each Spansion share they own. The shareholders of each company will own approximately 50 percent of the post-merger company. The company will have an eight-person board of directors consisting of four Cypress directors, including T.J. Rodgers and Eric Benhamou, and four Spansion directors, including John Kispert and Ray Bingham, the Spansion chairman, who will serve as the non-executive chairman of the combined company. The group will be headquartered in California and called Cypress Semiconductor. The merger is expected to result in more than USD 135 million in cost synergies on an annualized basis within three years and to add to non-GAAP earnings within the first full year after closing. The combined company will continue to pay USD 0.11 per share in quarterly dividends to shareholders. Closing is subject to approval by Cypress and Spansion stockholders and review by regulators in the US, Germany and China. Cypress and Spansion expect the deal to close in the first half of 2015.

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JK Sucralose: We agree with Tate & Lyle, the behavior of some...

2014-12-02 04:55:23| Food - Topix.net

JK Sucralose - which claims to be the largest sucralose manufacturer in China - has weighed into the debate over sucralose pricing raised by market leader Tate & Lyle. Speaking on Tate & Lyle's second quarter earnings call , CEO Javed Ahmed said he was struggling to see "how we or frankly anyone else can make any money" at some of the prices being quoted in the market, adding: " The current behavior in the market doesn't strike us as very economically rational."

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EU states agree to reduce consumption of lightweight plastic bags by 2025

2014-11-26 17:04:00| Canadian Plastics Headlines

Representatives of European Union (EU) member states agreed on November 21 to a deal to reduce consumption of lightweight plastic bags to 40 bags per person, per year by 2025.

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EU states agree to reduce consumption of lightweight plastic bags by 2025

2014-11-26 17:04:00| Canadian Plastics Headlines

Representatives of European Union (EU) member states agreed on November 21 to a deal to reduce consumption of lightweight plastic bags to 40 bags per person, per year by 2025.

Tags: states agree reduce plastic

 

NJIT And Thai Conglomerate SCG Agree To Jointly Pursue Research And Technology Innovation

2014-11-25 07:58:22| pulpandpaperonline Home Page

NJIT signed an agreement last week with Siam Cement Group (SCG), one of Thailand’s leading industrial conglomerates, that will bring both Thai graduate students and research funds to the university to further technology innovation in areas of shared interest such as materials science, wastewater treatment and intelligent transportation

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