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Vodafone makes formal EUR 7 bln bid for Ono report

2014-02-10 09:37:00| Telecompaper Headlines

(Telecompaper) Vodafone has made a formal bid to acquire Spanish cable operator Ono for around EUR 6.9 billion, reports Spanish business daily Expansion, citing unnamed sources close to the matter. The binding offer for 100 percent of the capital will be studied at Ono's board meeting on 11 February, which was initially scheduled to choose the investment banks that would advise the company on its plans to float on the stock exchange. However, rather than pressing ahead with the IPO, Ono's owners, which include private equity investors Thomas H Lee Partners, Providence Equity Partners, Quadrangle and CCMP Capital, may opt for a straight buyout. If the sale goes ahead at the reported price, Ono's shareholders would receive around EUR 3.48 billion, in view of the company's debt of around EUR 3.42 billion.

Tags: report makes eur bid

 

Australia: Cool change makes bushfire threat worst since Black Saturday

2014-02-09 13:38:20| Climate Ark Climate Change & Global Warming Newsfeed

Sydney Morning Herald: Up to 150 fires have burnt throughout Victoria today as firefighters scrambled to combat the worst bushfire conditions since Black Saturday. Strong winds and recent high temperatures have seen fires break out across the state. CFA chief Craig Lapsley said many had been extinguished, but 37 fires are still burning. The mercury has started to drop from Sunday`s maximum of 37 to 31.3 in the CBD, bringing relief from recent heatwave conditions. The change first hit townships west of Colac,...

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Kia Niro B-segment hybrid concept makes US debut in Chicago

2014-02-07 14:30:28| Green Car Congress

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AUDIO: Finnish company 'makes Sochi snow'

2014-02-07 10:25:46| BBC News | Business | UK Edition

Mikko Martikainen, chief executive of Snow Secure, explains how his company provided snow for the Sochi Winter Olympics.

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Dow Industrials Gain 150 Points as Market Makes Positive Payroll Bet

2014-02-06 18:51:42| Auto Parts - Topix.net

Yesterday, the bulls nearly erased a big early-day loss. Today, they've pushed the market higher, as better economic data and earnings results helped boost General Electric , American Express , Caterpillar , Akamai Technologies and O'Reilly Automotive .

Tags: market makes points positive

 

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