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Skyworks agrees to buy PMC-Sierra for USD 2 billion

2015-10-06 09:17:00| Telecompaper Headlines

(Telecompaper) Semiconductor company Skyworks Solutions has announced a definitive agreement to acquire semiconductor and software company PMC-Sierrra for USD 10.50 per share in an all-cash transaction valued at approximately USD 2 billion. The price represents a 37 premium on PMC's closing share price on 5 October. The operation will be funded with cash on hand and new debt financing. This acquisition solidifies Skyworks' position as a highly diversified analogue, RF and mixed signal semiconductor provider by significantly expanding its product portfolio, customer base and end market applications. The acquisition is expected to close in the first half of 2016, pending PMC shareholder approval, regulatory authorisation and customary closing conditions.

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Altice agrees to buy Cablevision for USD 17.7 billion

2015-09-17 07:14:00| Telecompaper Headlines

(Telecompaper) European telecom group Altice has reached a definitive agreement to acquire US operator Cablevision Systems for USD 17.7 billion in cash, at a price of USD 39.40 per share. This is Altice's second step in the US market, after its announced acquisition of Suddenlink in May. Cablevision is the leading cabler in the New York metro area (New York, New Jersey, Connecticut) and has 3.1 million residential and business customers out of over 5 million premises passed by its network. The transaction will be financed with USD 14.5 billion of new and existing debt at Cablevision, cash on hand at Cablevision and USD 3.3 billion of cash from Altice. BC Partners and CPP Investment board have an option to participate for up to 30 percent of Cablevision. Altice intends to raise equity by issuing Class A shares and has received full financing commitments from JP Morgan, BNP Paribas and Barclays. The transaction is expected to close in the first half of next year. The shareholders of Cablevision, which is owned by the Dolan family, have approved the transaction, said CEO James Dolan. The family will still own AMC Networks and Madison Square Garden after the Cablevision sale.

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FedEx Agrees to Buy $10 Billion of Boeing 767 Jet Freighters

2015-07-22 05:17:40| Air Courier - Topix.net

The order gives new life to the 767, which was developed in the 1980s and pioneered long-range flights for twin-engine jets. FedEx Express, the world's biggest cargo airline, is the last remaining customer as passenger carriers shift to newer aircraft such as Boeing's 787 Dreamliner and Airbus Group SE's A330.

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