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Tag: merger
Monitise opens itself to takeover, merger bids
2015-01-22 14:52:00| Telecompaper Headlines
(Telecompaper) Mobile money specialist Monitise said it has started a major strategic review with Moelis & Company and that it has opened an "offer period" for formal takeover or merger bids. The specialist gave a trading update for its fiscal first half-results, saying it expects revenues of GBP 42.4 million, with subscription & transaction revenue up 8 percent from the previous six months to GBP 16.2 million, license revenue down 47 percent sequentially to GBP 4.4 million and development & integration revenue down 13 percent sequentially to GBP 21.8 million. The company said the change in revenue mix is consistent with its business model transition. As announced in March, Monitise has started moving its business to a product-based recurring revenue model. Monitise said the transition is still ongoing. Gross cash at end December of GBP 129 million will enable cash flow to cover breakeven levels, the company said.
Tags: opens
bids
merger
takeover
Exelon, Pepco Holdings Reach Settlement Agreement with NJ BPU in Proposed Merger
2015-01-20 20:58:00| Transmission & Distribution World
Exelon Corp. and Pepco Holdings Inc. have reached a settlement in the proceeding before the New Jersey Board of Public Utilities to review the two companies proposed merger, which was announced on April 30, 2014. read more
Tags: agreement
reach
proposed
settlement
Rockwood Holdings Inc. (ROC): OZ Management Stake Erased Following Merger
2015-01-20 09:49:51| Chemicals - Topix.net
In a new filing with the U.S. Securities and Exchange Commission, OZ Management , a hedge fund managed by Daniel S. Och , has disclosed that it no longer holds stake in Rockwood Holdings Inc. as a result of the company's merger with Albemarle Corporation . In its previous filing, the hedge fund disclosed ownership of 4.16 million Rockwood shares.
Tags: management
holdings
merger
stake
Oi-Portugal Telecom merger seen set to hold
2015-01-19 18:56:04| Telecom - Topix.net
But lawyers, analysts and the two companies have all said that trying to rescind the merger would be too costly and trigger years of litigation. PT SGPS also said in a regulatory filing last week that even if the Altice sale is blocked on Thursday that would not preclude Oi selling the Portuguese business in the future, as the power of veto is a temporary one which will end once the shareholding structure of the merged entity is complete.
Editorial: CN merger beneficial, but keep working to help Barrington
2015-01-16 13:52:34| Railroads - Topix.net
There's no doubt Canadian National has, overall, been a positive presence in Chicago and the suburbs. Since buying the EJ&E line for $300 million in 2008 the railroad has spent another $400 million on improving its system in northeastern Illinois and in nearby Indiana; rail freight business has grown significantly and jobs -- good-paying ones -- have been created.
Tags: to
help
working
editorial
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