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Tag: acquisition
Canadian govt rejects Accelero acquisition of Allstream
2013-10-08 07:59:00| Telecompaper Headlines
(Telecompaper) The Canadian federal government has rejected the proposed acquisition by Accelero Capital of the Allstream division of Manitoba Telecom Services (MTS Allstream). The Canadian operator said it was "extremely surprised and disappointed" by the decision, adding that both companies responded "openly and constructively" to Industry Canada's requests for information in the 136 days since the transaction was announced. Accelero proposed far-reaching, comprehensive and binding undertakings to the Canadian government, including a commitment to invest USD 300 million over three years to pursue Allstream's capital plans. The government rejected the deal on national security concerns, and also rejected an offer from MTS and Accelero to take whatever actions were necessary to address government concerns. As a result of the fall-out, the Allstream division will once again be reported as part of MTS Allstream consolidated results. Results will be impacted by a one-off cost of CAD 35 million connected to the lost transaction. Excluding the impact of the additional transaction and restructuring costs, results were otherwise expected to be near the lower end of the original guidance ranges. The MTS subsidiary, which has not been impacted, continues to generate increased cash flow and is performing in line with expectations.
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acquisition
govt
rejects
ABB Completes Acquisition Of Los Gatos Research
2013-10-08 04:11:25| chemicalonline News Articles
ABB, a global leader in electric power and automation, recently completed its acquisition of Los Gatos Research (LGR) of Mountain View, California.
Tags: los
research
acquisition
abb
ABB Completes Acquisition Of Los Gatos Research
2013-10-08 04:11:25| oilandgasonline News Articles
ABB, a global leader in electric power and automation, recently completed its acquisition of Los Gatos Research (LGR) of Mountain View, California.
Tags: los
research
acquisition
abb
B&G Foods completes acquisition of snack maker Rickland Orchards
2013-10-08 01:00:00| Food Processing Technology
US-based B&G Foods has completed the acquisition of snack maker Rickland Orchards from Natural Instincts in a $57.5m deal.
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maker
foods
snack
PRESS RELEASE: Cushman & Wakefield Brokers Building Acquisition for Arrowpac
2013-10-07 19:08:00| National Real Estate Investor
Evelyn Weiss Francisco Arrowpac, Inc. has acquired a 77,000-square-foot industrial property at 85 Twin Rivers Drive in East Windsor, announced Cushman & Wakefield, Inc. The firm has relocated its regional shipping operation to the property from Secaucus, N.J. read more
Tags: press
release
building
press release
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