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FedEx Agrees to New BTS Lease at $23M Center

2013-05-15 06:45:00| National Real Estate Investor

Jones Development is building the 181,000-sq.-ft. distribution center, and the state is providing incentives. read more

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New England grid operator agrees to cost-cutting

2013-05-14 14:04:40| Energy - Topix.net

New England's electric grid operator has agreed to cut nearly $3 million in spending and end a pension plan for new employees in a settlement with officials in five states who said spending was excessive.

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Drug manufacturer agrees to $500 million penalty

2013-05-14 06:31:11| Biotech - Topix.net

A subsidiary of India's largest pharmaceutical company has agreed to pay a record $500 million in fines and penalties for selling adulterated drugs and lying to federal regulators in a case that is part of an ongoing crackdown on the quality of generic drugs flowing into the U.S. Federal prosecutors say the guilty plea by Ranbaxy USA Inc.

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UK Government agrees to extend HS2 tunnel in Midlands

2013-05-14 01:00:00| Railway Technology

The UK government has agreed to extend a tunnel on the proposed route of Britain's High Speed 2 rail network that will allow plans to progress on a major development next to East Midlands Airport.

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AsiaInfo-Linkage agrees takeover for USD 890 million

2013-05-13 15:43:00| Telecompaper Headlines

(Telecompaper) BSS provider AsiaInfo-Linkage has agreed a takeover by a group of private investors led by CITIC Capital Partners valuing the company at USD 890 million. The possibility of taking the China-based company private was first discussed in January 2012, and the companies have now agreed a definitive offer worth USD 12 per AsiaInfo share. This is a 52 percent premium on the share price the day before the takeover talks were first announced. A special committee of independent directors as well as AsiaInfo's board of directors are recommending shareholders accept the offer. Closing of the deal depends on shareholder and regulatory approval. The takeover consortium is led by CITIC Capital Partners and Edward Tian, co-founder and a significant stockholder of AsiaInfo-Linkage, and their respective affiliates, including CITIC PE and China Broadband Capital Partners II, which will provide equity financing for the deal.

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