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Vodafone agrees deal to buy Ono for over EUR 7 bln - report
2014-03-14 09:36:00| Telecompaper Headlines
(Telecompaper) The shareholders of Spanish cable operator Ono have approved plans for an initial public offering as some Spanish press sources, including business daily Expansion and online newspaper El Confidencial, report that Vodafone has had a bid of around EUR 7.2 billion accepted by the Spanish company. The increased offer, which includes Ono's net debt of around EUR 3.3 billion, is Vodafone's third bid for the operator, which continued working on alternative plans for a flotation after rebuffing previous offers of EUR 6 billion and EUR 6.5 billion. The new bid is around 10 times Ono's EBITDA for 2012 of EUR 752 million and is said to have convinced Ono's key shareholders including Providence Equity Partners, Thomas H. Lee Partners, CCMP Capital Advisors LLC and Quadrangle Capital Partners, which hold about 54.4 percent of the operator. Neither party has made any official announcements regarding the takeover which, according to Expansion, could be finalised by 17 March after the full equity value of the deal, as well as compensation for antitrust issues and the cost of upgrading customers or networks, are agreed upon.
Greenway trail group agrees to alignment compromise through Albina rail yards
2014-03-13 20:53:28| Railroads - Topix.net
"It was not easy to give up our vision of a near-river side alignmenta The UPRR's willingness to surrender more than one-half mile of active rail line within the city for a multi-purpose trail is unprecedented and offers a Greenway Trail alignment, we believe, that better serves all of north Portland."
Tags: group
trail
alignment
rail
Energy XXI Agrees to Acquire EPL Oil & Gas for $1.5 Billion
2014-03-13 01:35:17| Oil & Gas - Topix.net
Energy XXI Ltd. agreed to acquire EPL Oil & Gas Inc. for $1.5 billion to become the largest publicly traded independent producer on the Gulf of Mexico shelf.
Covanta Agrees with Waste Harmonics on Waste Transport Deal
2014-03-12 14:47:00| Waste Age
Covanta Holding Corp. has agreed with Waste Harmonics LLC for that company to manage the transport of waste, recycling and organics to disposal sites for Covanta. read more
Tags: deal
transport
waste
agrees
Governor Rick Snyder agrees, Benton Harbor's official financial emergency is over
2014-03-10 17:58:16| Appliances - Topix.net
With a new state loan, Benton Harbor now operates with a budget surplus. It's made contributions to its pension fund for the first time in years, cut city staff nearly in half, and paid off its old debts.
Tags: over
financial
official
emergency
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