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Amid fight over US Foods merger, Sysco lawyers prepare to take FTC to court
2015-03-12 19:36:02| Food - Topix.net
After the Federal Trade Commission blocked Houston-based Sysco Corp.'s $8.2 billion merger with Rosemont, Illinois-based US Foods for allegedly violating antitrust laws, Sysco is preparing for its next move. Sysco denies that the merger breaks antitrust or anticompetitive regulations.
Wind, 3 Italia in advanced talks over merger - report
2015-03-11 09:12:00| Telecompaper Headlines
(Telecompaper) Hutchison Whampoa and VimpelCom are in advanced negotiations about a possible merger of their respective Italian mobile phone units, 3 Italia and Wind Telecomunicazioni, according to unnamed sources cited by the Financial Times. The companies have been holding on-off talks since December 2013, with Wind's net debt level and the exact split of ownership representing the main hurdles to a deal. However, an agreement is now close according to two of the sources, which suggested that Hutchison could end with a slightly larger share of the merged group. Another person familiar with the talks said Hutchison's share could be around 51 percent, although a decision could be weeks away and there is no certainty that a deal will be agreed. Wind is currently the third largest mobile operator in Italy behind Telecom Italia (TIM) and Vodafone, with 3 Italia coming in fourth. A merger would create a company with around 33 million customers and annual revenues of some EUR 7 billion. Wind recently said it expects to close the EUR 693 million sale of its mobile tower unit to Spanish infrastructure company Abertis by the end of the month, and that it would use the proceeds from the sale to reduce its net debt.
Tags: advanced
report
italia
wind
3 Italia, Wind reportedly close to mobile merger deal
2015-03-11 01:00:00| Total Telecom industry news
Hutchison Whampoa could take 51% stake in merged entity, according to latest press report.
Tags: close
mobile
deal
italia
MWV and Rock-Tenn Announce Expiration of Hart-Scott-Rodino Waiting Period for Merger
2015-03-10 18:55:46| Paper - Topix.net
Rock-Tenn Company and MeadWestvaco Corporation today announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 with respect to the pending business combination transaction between RockTenn and MWV has expired. The 30-day waiting period is required by the Federal Trade Commission and U.S. Department of Justice as part of the premerger notification program before such a combination transaction can close.
Tags: period
waiting
announce
expiration
Advanced Photonix and Luna Innovations Merger Update
2015-03-10 11:31:08| Industrial Newsroom - All News for Today
ANN ARBOR, Mich. Advanced Photonix (NYSE MKT: API) and Luna Innovations Incorporated jointly announced an update as to the timing of their planned merger. As previously disclosed, the closing of the proposed merger is subject to the satisfaction or waiver of a number of customary closing conditions, including...
Tags: advanced
update
luna
innovations
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