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Orange interested in potential merger with Telecom Italia
2015-03-02 08:51:00| Telecompaper Headlines
(Telecompaper) Orange is interested in a potential merger with Telecom Italia, Orange chairman and CEO Stephane Richard told Le Journal du Dimanche. "There are no negotiations, simply an exchange of views with directors, but it could be a good opportunity for European consolidation," he said. "It is not a competitor and our European strategies could be complementary," according to Richard. Orange's CEO is looking at Telecom Italia's operations in its home market, much more than those of its subsidiary in Brazil. The latter could be sold for nearly EUR 20 billion to repay Telecom Italia's debt and raise its share price. Separately, a Telecom Italia spokesman told Bloomberg that there are neither talks nor "exchanges of views" with Orange.
Tags: potential
interested
italia
orange
NXP, Freescale Semiconductor agree merger
2015-03-02 08:06:00| Telecompaper Headlines
(Telecompaper) NXP Semiconductors and Freescale Semiconductor have agreed a merger creating a new chipmaker with over USD 10 billion in annual sales. The new company will be market leader in automotive semiconductors and general purpose microcontroller products, while also holding a strong portfolio in growth areas such as security, connectivity and processing. Synergies from the merger are expected to lead to cost savings of USD 200 million in the first year and USD 500 million by completion of the integration. Under the terms of the agreement, Freescale shareholders will receive USD 6.25 in cash and 0.3521 of a NXP ordinary share for each Freescale common share held at the close of the transaction. This price values Freescale at USD 11.8 billion, based on NXP's most recent share price, and and a total enterprise value of USD 16.7 billion including Freescale's net debt. Subject to regulatory and shareholder approval, the transaction is expected to close in the second half of 2015. NXP will fund the deal with USD 1.0 billion of cash on hand, USD 1.0 billion of new debt and 115 million NXP shares. After the takeover, Freescale shareholders will own 32 percent of the combined company.
Tags: agree
merger
semiconductor
freescale
NXP, Freescale Plan Mega Merger
2015-03-02 04:14:12| Semiconductors - Topix.net
SAN JOSE, Calif. In one of the biggest consolidations in the semiconductor industry to date, NXP and Freescale have announced plans for a merger.
Tags: plan
mega
merger
freescale
NEWS & ANALYSIS: NXP, Freescale Plan Mega Merger
2015-03-02 04:14:11| Semiconductors - Topix.net
SAN JOSE, Calif. In one of the biggest consolidations in the semiconductor industry to date, NXP and Freescale have announced plans for a merger.
Weekly Overview: Merger of Denmark's Top Pig Processors
2015-03-02 01:00:00| ThePigSite - Industry News
GLOBAL - As two of Denmark's leading pig processors announce their intention to merge, we take a look at how such a move might impact the market. In Viet Nam, pig numbers and pork output are on the rise.
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