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US: TowerBrook closes 824m True Religion deal
2013-07-31 13:37:00| Daily apparel & textile news and comment - from just-style.com
TowerBrook Capital Partners has completed its $824m acquisition of denim and sportswear brand True Religion Apparel.
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True postpones search for strategic partner
2013-07-29 03:55:00| Telecompaper Headlines
(Telecompaper) Thai communications group True plans to resume its search for a strategic partner once it has completed the establishment of its infrastructure fund and sold non-core businesses. Chief financial officer Noppadol Dejudom said that the company has halted talks with a number of companies on a possible partnership to focus on the infrastructure fund first. Once the fund is completely set-up - which is expected in October - True will resume the talks on a strategic partnership, The Nation writes. Noppadol said that the stake that would be offered to potential partners would be in line with what is allowed under the law, which caps foreign shareholding in telecommunications companies at 49 percent. In addition to the infrastructure fund, True is also working on selling non-core subsidiaries. Earlier, the board approved the sale of shares in eight non-core business subsidiaries for THB 5.4 billion to Thana Telecom, a subsidiary of True's major shareholder Charoen Pokphand Group.
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MediaTek to launch a 'true' 8-core chip in Q4
2013-07-25 15:24:33| InfoWorld: Top News
Smartphone and tablet chip vendor MediaTek has unveiled an octo-core processor it says can run all eight cores simultaneously when active. The Taiwan-based company plans to launch the chip in the fourth quarter, MediaTek spokeswoman Sharon Lo said Thursday.
Zuckerberg dismisses Facebook teen drop-off: 'Just isn't true'
2013-07-24 23:39:43| CNET News.com
Despite the consistent criticisms aimed at Facebook's inability to hold on to the coveted teen market, CEO Mark Zuckerberg dispels the rumors. [Read more]
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True board approves infrastructure fund plan
2013-07-24 03:12:00| Telecompaper Headlines
(Telecompaper) The board of Thai communications group True has approved planned transactions for an infrastructure fund that aims to raise over THB 70 billion. True plans to sell certain infrastructure assets that can be shared with other operators to the fund and will lease back the infrastructure in a transaction that will not exceed THB 55 billion for a term of no more than fifteen years, to continue its operations in mobile, fixed, and pay-TV services. The plan will also see True take-out a stake in the fund that is no more than 33 percent. The company will use the proceeds from the asset sale to partially pay off debts with financial institutions and may also use some of the funds for future projects. The plan still needs to be approved by shareholders.
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