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Club Med investors in takeover bid
2013-05-27 12:58:59| BBC News | Business | UK Edition
French holiday firm Club Med looks set to be taken over by two of its shareholders in a deal that values the company at 541m euros (463m; $700m).
Etisalat makes top bid for Maroc Telecom - report
2013-05-27 09:29:00| Telecompaper Headlines
(Telecompaper) UAE-based operator Etisalat has offered a higher price for Vivendi's Maroc Telecom stake than rival Qatari bidder Ooredoo, Reuters reported citing two people familiar with the matter. Etisalat's bid needs further work, however, and has more legal conditions than Ooredoo's offer, so Vivendi has not yet made a final choice, the people said. While the exact prices of the offers were not clear, sources earlier told Reuters that they had come in lower than the EUR 5 billion Vivendi had initially hoped for and closer to the market value of the stake. Vivendi has been in talks in recent weeks with Etisalat to remove some of the legal clauses in its bid, the sources said. Etisalat has scheduled an extraordinary shareholder meeting on 28 May to approve the financing package for the bid. Ooredoo, meanwhile, crafted its offer with minimal conditions to make it simple and less risky for Vivendi, the group's strategy chief told Reuters earlier. Vivendi has not asked Ooredoo to improve its offer so far, the first source said.
US Senate reject bid to reform sugar policy
2013-05-27 09:12:56| Sugar Industry News
he US Senate has voted to leave intact the US sugar policy keep that includes operating loans, import restrictions and market intervention to guarantee a minimum price for sugar.
Britain resists EU bid to set new target on renewable energy
2013-05-25 22:16:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: The government will oppose attempts to set a new renewable energy target within the EU, in a move that could put at risk tens of billions of pounds of green investment and tens of thousands of new jobs. But in a sop to environment campaigners, ministers will agree to tough greenhouse gas emissions targets by 2030. The question of a renewable energy target for 2030 to take over from the current goal, of generating 20% of energy in the EU from renewable sources by 2020 has been a vexed issue...
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Yahoo joins Hulu bid; Market flip-flops
2013-05-25 04:24:05| Apparel - Topix.net
Wall Street endures its first three-day slide since the month of March with investors still unsure about the Federal Reserve's stimulus plan.
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