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Vodafone ups offer for Ono in preliminary deal - report

2014-03-10 09:16:00| Telecompaper Headlines

(Telecompaper) Vodafone has raised its offer for Spanish cable operator Ono to EUR 7 billion including debt and has reached a preliminary agreement to buy the company, reports Reuters citing unnamed sources close to the matter. Ono is said to have opened its books to allow Vodafone to initiate an accelerated due diligence process ahead of its shareholders meeting on 13 March. However, until Vodafone makes a firm offer to all shareholders, Ono intends to continue working on alternative plans for an IPO, which is due to be formally presented at next week's meeting. The Spanish operator previously rebuffed offers of EUR 6 billion and EUR 6.5 billion as too low and the sources suggest that Vodafone's revised bid will have to be substantially higher to persuade Ono's shareholders to drop the flotation. In fact, according to one of the sources, an offer would have to be in line with recent cable deals in the Netherlands, where Liberty Global agreed to pay 11.3 times EBITDA for Dutch rival Ziggo, and Germany, where Vodafone paid 11.9 times EBITDA for Kabel Deutschland. Ono's EBITDA for 2012 was EUR 752 million, so applying an 11 times multiple on it would translate to a Vodafone bid of around EUR 8.2 billion. 

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UPS, Amazon to Offer Refunds For Missed Christmas Deliveries

2014-01-01 01:29:56| Air Courier - Topix.net

Atlanta-based UPS says it will offer refunds on shipping costs to customers who did not receive packages by Christmas as promised, The Washington Post reports.

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Report: UPS to offer refunds for late deliveries

2013-12-29 07:11:31| Air Courier - Topix.net

Atlanta-based UPS is offering refunds on shipping costs, while Amazon said customers who failed to get their deliveries by Christmas Day will get $20 gift cards and refunds on shipping charges, The Washington Post reports.

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UPS to offer refunds due to late deliveries

2013-12-29 00:24:44| Trucking - Topix.net

The Atlanta-based shipping company is joining Amazon.com Inc. in offering refunds to customers who did not receive packages promised by Christmas.

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Amazon, UPS offer refunds for Christmas delivery problems

2013-12-27 04:39:15| Trucking - Topix.net

UPS delivery man Vinny Ambrosino prepares to deliver packages on Christmas Eve while wearing a Rudolf nose and antlers in New York.

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