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Tag: mln
S.Korea's Samsung Heavy wins $409 mln order for two LNG vessels
2013-04-15 07:56:59| Grocery - Topix.net
Samsung Heavy Industries Co said on Monday it had won a 462.3 billion won order to build two liquefied natural gas carriers from a joint venture formed by Marubeni Corp and SK Shipping Co.
Tags: order
heavy
samsung
wins
Avago to buy CyOptics for USD 400 mln
2013-04-12 08:44:00| Telecompaper Headlines
(Telecompaper) Avago Technologies has agreed to acquire CyOptics, a maker of Indium Phosphide (InP) optical chips and components for the data communications and telecommunications markets, for USD 400 million in cash. Avago said the deal will strengthen its fibre-optics product portfolio for emerging 40G and 100G enterprise and data centre applications, helped by CyOptics' single-mode InP laser, receiver and photonics integration capability. Avago's optical transceiver products primarily leverage VCSEL-based technology today. In addition, the acquisition of CyOptics will facilitate Avago's establishment of a complementary optical components business, to serve growing segments of the access, metro and long-haul markets, as well as enterprise and data centre segments. CyOptics revenue has more than tripled over the past three years and reached USD 210 million in 2012. Avago intends to fund the transaction with cash on-hand. The takeover is expected to close during Avago's third fiscal quarter of 2013.
UPDATE 2-Bristol-Myers to spend $250 mln to expand biologics facility
2013-04-11 18:02:35| Biotech - Topix.net
ROB Insight is The Globe and Mail's exclusive feature led by a team of award-winning editors and writers who provide you with in-depth analysis on breaking business news and the issues that matter most.
Tags: update
expand
spend
facility
UnitedHealth units hit with $500 mln verdict in hepatitis case
2013-04-10 08:20:24| Beverages - Topix.net
A Nevada jury awarded $500 million in punitive damages in a closely watched case against two affiliates of UnitedHealth Group stemming from a hepatitis C outbreak in the state, according to a spokeswoman for a law firm in the case.
Tags: case
hit
units
hepatitis
Australia's Billabong says consortium cuts takeover bid to $300 mln
2013-04-09 11:57:47| Apparel - Topix.net
Australia's Billabong International Ltd said on Tuesday a consortium led by its former U.S. boss, Paul Naude, had cut its takeover bid for the struggling surf wear company by 45 percent to $300 million.
Tags: bid
cuts
consortium
takeover
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