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AT&T Q1 profits fall on acquisition costs, flat revenues
2015-04-23 07:38:00| Telecompaper Headlines
(Telecompaper) AT&T reported nearly flat revenues for the first quarter, due to tough competition in the mobile market and the sale of some of its wireline activities. Revenues were up just 0.3 percent year-on-year to USD 32.6 billion. If the divested Connecticut wireline properties are excluded, revenues rose 1.2 percent. Operating profit fell to USD 5.5 billion from USD 6.3 billion a year ago, hurt by a rise in costs for reducing staff and merger and integration expenses. Net profit dropped to USD 3.2 billion or USD 0.61 per diluted share, compared to USD 3.7 billion or USD 0.70 per share in the year-ago quarter. This includes 3 cents a share for voluntary employee separations, 4 cents for merger and integration expenses and a 5-cent gain from a tax item. After capital expenditures of USD 4.0 billion, free cash flow totaled USD 2.8 billion. AT&T said it was on track to meet its full-year guidance and close the acquisition of DirecTV in the second quarter. The company also increased the expected cost synergies from the acquisition to USD 2.5 billion per year, compared to an estimate of USD 1.6 billion when the deal was announced last year.
Power Tool Manufacturer Dynabrade, Inc. Announces Acquisition of National Detroit Pneumatic Tools
2015-04-21 12:31:08| Industrial Newsroom - All News for Today
Clarence, NY Dynabrade, Inc., the leading industrial abrasive power tool manufacturer, today announced that it has completed the acquisition of the assets of National Detroit, Inc., located in Rockford, IL, a manufacturer of pneumatic abrasive power tools. Terms were not disclosed. Production operations will be...
Tags: tools
power
national
tool
CommScope Granted Early Termination Of HSR Waiting Period For Acquisition Of TE Connectivity's Telecom, Enterprise And Wireless Businesses
2015-04-21 07:50:25| wirelessdesignonline News Articles
CommScope, Inc., a global leader in infrastructure solutions for communications networks, has been informed that the Federal Trade Commission and the Antitrust Division of the U.S. Department of Justice have granted early termination of the waiting period under Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in connection with the previously announced agreement to acquire TE Connectivity’s Telecom, Enterprise and Wireless businesses.
Tags: period
early
wireless
businesses
Merck aims to quickly repay loans for Sigma-Aldrich acquisition
2015-04-20 15:00:39| Chemicals - Topix.net
German pharmaceutical and chemical firm Merck plans to quickly repay up to $5 billion in loans it used to finance its purchase of Sigma-Aldrich in order to prepare for further acquisitions. Marcus Kuhnert , Merck's finance chief, told the Boersen-Zeitung newspaper that the company wants to reduce the loans "very aggressively within two to three years," Reuters reports.
Tags: quickly
loans
acquisition
aims
Merck aims to quickly repay loans for Sigma-Aldrich acquisition
2015-04-20 15:00:38| Chemicals - Topix.net
German pharmaceutical and chemical firm Merck plans to quickly repay up to $5 billion in loans it used to finance its purchase of Sigma-Aldrich in order to prepare for further acquisitions.
Tags: quickly
loans
acquisition
aims
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