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BAT agrees to buy cigarette firm TDR
2015-06-01 17:11:26| BBC News | Business | UK Edition
British American Tobacco agrees to buy cigarette firm TDR from Croatia's Adris Grupa.
Avago agrees Broadcom takeover for USD 37 bln
2015-05-28 15:00:00| Telecompaper Headlines
(Telecompaper) Avago Technologies confirmed an agreement to acquire Broadcom for USD 37 billion in cash and shares. The latest merger in the semiconductor industry creates a company with annual revenues of USD 15 billion and a complete range of products for the fixed and wireless communications industries. Avago's CEO Hock Tan will lead the combined company, which will continue under the name Broadcom. Henry Samueli, co-founder, CTO and chairman of Broadcom, will serve on the new company's board, as will one other director from Broadcom. Samueli will also remain CTO of the company and serve as strategic adviser. Under the terms of the deal, Avago will pay USD 17 billion cash and 140 million of its shares, valued at USD 20 billion according to the latest share price, for all of Broadcom's stock. Shareholders of Broadcom will be able to elect for cash, shares or a combination of the two. A pro rata allocation assuming 50 percent shares and 50 percent cash would give shareholders of Broadcom 32 percent of the new group. Avago will fund the cash consideration with cash on hand from the combined companies and a new debt facility from a bank consortium worth USD 9 billion. The transaction has been unanimously approved by the boards of directors of both companies, as well as a special committee of the independent directors of Broadcom. Closing of the deal is expected by the end of the first calendar quarter of 2016, subject to regulatory and shareholder approvals.
Tags: usd
agrees
takeover
broadcom
Ireland accepts Aer Lingus offer as IAG agrees to continue slots at Heathrow
2015-05-28 13:17:00| Airport Technology
The Irish Government has agreed to sell its stake in budget airlines Aer Lingus to International Airlines Group (IAG) after the latter accepted certain conditions imposed by the country.
Tags: offer
continue
ireland
accepts
Knot agrees to acquire Knot Shuttle Tankers for $103m
2015-05-28 01:00:00| Offshore Technology
UK-based Knot Offshore Partners' subsidiary has signed an agreement to acquire Knot Shuttle Tankers 21 for $103m.
Tags: acquire
agrees
shuttle
knot
ConAgra's Grocery Products Unit Agrees To Pay $11.2 Million in Salmonella Settlement
2015-05-27 21:11:00| Food Processing
ConAgra Grocery Products unit agrees to plead guilty to a charge that it shipped contaminated peanut butter linked to a 2006-2007 nationwide outbreak of salmonella poisoning
Tags: products
pay
million
unit
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