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Telecity, Interxion agree all-share merger
2015-02-11 08:44:00| Telecompaper Headlines
(Telecompaper) The European data centre operators Interxion and Telecity have agreed an all-share merger. The deal will take the form of a Telecity bid for Interxion, with the new company to remain listed in London. Interxion shareholders would receive 2.3386 new TelecityGroup shares for each Interxion share held, giving them 45 percent of the combined group. Interxion CEO David Ruberg, who led negotiations on the deal, will remain CEO for at least the first year, and Telecity's executive chairman John Huges will be chairman of the new company. In addition to an enhanced footprint of data centres, the companies expect an extra GBP 40 million in EBITDA per year from cost and revenues synergies as well as GBP 300 million in savings on capital expenditure. The deal remains subject to a definitive agreement, due diligence and approval by both companies' boards. Telecity has agreed to not consider other proposals until 04 March. Pending shareholder and regulatory approval, the merger is expected to close in the second half of this year.
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merger
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Global Hot Drinks Market: Merger and Acquisitions December 2014
2015-02-09 01:00:00| Beverage industry market research - from just-drinks.com
The report provides a review of the mergers and acquisitions (M&As), partnering deals, and agreements entered into by companies active in the global hot drinks market during December 2014.
Tags: december
market
hot
global
$9.2B Merger of Grocery Giants Checks Out
2015-02-04 09:02:56| Grocery - Topix.net
BOISE, ID and PLEASANTON, CA-Days after the Federal Trade Commission gave its final okay, the $9.2-billion merger of grocery giants Albertsons and Safeway has been loaded into bags and the buyers have been handed their receipt. The acquisition of Pleasanton, CA-based Safeway by a Cerberus Capital Management -led investor group creates a network of 2,230 stores, 27 distribution facilities and 19 manufacturing plants across 34 states and the District of Columbia.
Tags: out
grocery
checks
merger
Cement Makers LaFarge and Holcim Push Global Mega Merger, But Unions Protest
2015-02-03 20:06:54| ENR.com: Headline News
Workers in 22 countries fear job losses and lack of employee protections as assets are sold to meet antitrust issues in the deal..
Bad news for Boca headquarters? Office Depot, Staples talk merger
2015-02-03 16:29:40| Industrial Machines - Topix.net
If the deal were to happen - and that's a big if, considering anti-trust concerns - the combined company seems likely to be based in Framingham, Mass., home of Staples. Staples has a bigger market value, more sales and far heftier profits than Boca-based Office Depot .
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