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Tag: mln
UPDATE 1-Canada's CCL to buy anti-theft tag maker Checkpoint for $422 mln
2016-03-02 20:29:59| Industrial Machines - Topix.net
Canadian label and packaging maker CCL Industries Inc is buying U.S.-based Checkpoint Systems Inc, which makes anti-theft tags used by retailers, for about $422 million. CCL's offer of $10.15 per share in cash represents a premium of about 29 percent to Checkpoint's Tuesday closing.
Cisco buys chipmaker Leaba for USD 320 mln
2016-03-02 16:01:00| Telecompaper Headlines
(Telecompaper) Cisco announced an agreement to acquire Israel-based Leaba Semiconductor for USD 320 million cash, plus additional retention-based incentives. The Leaba team will report into Cisco's Core Hardware Group, led by Senior Vice President, Ravi Cherukuri. According to a blog posting by Cisco's VP for business development, Rob Salvagno, Leaba will help the company accelerate its plans for Cisco's next-generation product portfolio and bring new capabilities to the market faster. Leaba is a fabless semiconductor company backed by venture capital and still operating in 'stealth mode'. The company said it's working on "innovative solutions for significant infrastructure challenges" and "assembling one of the best teams of engineering".
Vivendi, Liberty Media agree USD 775 mln settlement
2016-02-26 15:27:00| Telecompaper Headlines
(Telecompaper) Vivendi announced that it has agreed to settle a lawsuit filed by Liberty Media in March 2003 related to the formation of Vivendi Universal Entertainment in May 2002. Vivendi has agreed to pay Liberty Media USD 775 million to settle, although it rejects having committed any wrongdoing. Vivendi said it was pleased to resolve the long-running dispute on terms it sees as being in the interest of the company and its shareholders.
Tags: media
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settlement
SES PS buys RR Media for USD 242 mln
2016-02-26 09:54:00| Telecompaper Headlines
(Telecompaper) SES Platform Services, part of the SES family, said it has agreed to acquire all of RR Media for USD 13.291 per share, or a total enterprise value of USD 242 million, with the aim of creating a world-leading global media solutions provider. The deal, funded by the existing financial resources of SES, is subject to regulatory approvals, which are expected to complete in the second or third quarter of this year. After the closing, RR Media and SES PS will be combined to create a new, stand-alone world-leading media services provider, offering full continuity and enhanced service to their existing customers.
TeliaSonera preparing EUR 600 mln Yoigo sale - report
2016-02-26 09:31:00| Telecompaper Headlines
(Telecompaper) TeliaSonera has signed up Deutsche Bank to prepare the sale of its 77 percent stake in Spanish mobile unit Yoigo, according to unnamed sources cited by business daily Expansion. The report adds that TeliaSonera expects to receive bids of around EUR 600 million in the coming weeks, with rival operator Masmovil Ibercom and Zegona, the investment vehicle that last year acquired regional broadband operator Telecable, said to be most interested in Spain's number four operator. After nine years of activity in Spain, Yoigo still boasts over 3.4 million customers but its relatively low market share of just over 6 percent remains a concern to the Swedish parent company.
Tags: report
sale
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