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US airlines settle merger suit
2013-11-12 19:00:06| BBC News | Business | UK Edition
American Airlines and US Airways settle an anti-trust suit, paving the way for a merger which would create the world's biggest airline.
Tags: suit
airlines
settle
merger
Govt in agreement to allow American merger
2013-11-12 18:43:59| Airlines - Topix.net
The agreement requires the airlines to scale back the size of the merger at Washington's Reagan National Airport and in other big cities.
Tags: american
agreement
merger
govt
Mitel, Aastra Technologies agree merger
2013-11-11 12:38:00| Telecompaper Headlines
(Telecompaper) Enterprise communications specialists Mitel Networks and Aastra Technologies have agreed to merge. Mitel will acquire Aastra for USD 6.52 cash plus 3.6 Mitel shares for each Aastra share, valuing Aastra at CAD 392 million. The price of CAD 31.96 per Aastra share is a 20.9 percent premium to the 30-day volume weighted average price of Aastra shares prior to the announcement. The deal creates a company with increased scale, strengthening Mitel's position in the European market and preparing the two companies for the shift to cloud services. The combined company will be headquartered in Ottawa, Canada and will operate under the name Mitel while continuing to leverage Aastra's brand in select European markets. Mitel CEO Richard McBee will lead the group. Aastra' s co-CEOs Francis Shen and Tony Shen will serve as respectively Chief Strategy Officer and Chief Operating Officer, and they have already committed their combined 14 percent stake in the company to the takeover bid. Aastra will have the right to appoint three members of the nine-member board. The new company has pro forma sales of USD 1.1 billion per year, and the group expects synergies of USD 45 million per year within two years, driven by supply chain optimization, facilities consolidation and economies of scale.
Tags: agree
technologies
merger
mitel
Allegiant says it can benefit from AMR-US Airways merger
2013-11-08 01:55:11| Airlines - Topix.net
U.S. small businesses stepped up hiring in October, despite uncertainty brought by a partial shutdown of the federal government, a survey showed on Wednesday.
Tags: benefit
merger
airways
allegiant
NC appeals court weighs Duke Energy merger deal
2013-11-06 10:38:38| Oil & Gas - Topix.net
The North Carolina Court of Appeals is being asked to decide whether the deal that made Charlotte-based Duke Energy Corp. the country's largest electric company should be revised to do more for consumers.
Tags: energy
deal
court
appeals
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