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Wesfarmers bosses cash in chips to pay tax

2013-09-12 18:34:38| Agriculture - Topix.net

Managing director Richard Goyder yesterday declared an on-market sale of $2.3 million in shares, while finance director Terry Bowen offloaded shares worth $1.1 million.

Tags: pay tax cash chips

 

Turner Rewards Innovation with Cash

2013-09-12 18:29:53| ENR.com: Headline News

The construction management company nurtures internal innovation by awarding $75,000 a year in prizes for new ideas and programs that it adopts.

Tags: cash innovation turner rewards

 
 

Extreme Networks buys Enterasys for USD 180 mln cash

2013-09-12 16:24:00| Telecompaper Headlines

(Telecompaper) Ethernet switching specialist Extreme Networks has entered into a definitive agreement to acquire Enterasys Networks for USD 180 million in cash. The combined entity will continue to support the product roadmaps of both companies going forward, in order to protect the investments of current customers and avoid any disruption to businesses. The companies wants to combine the ExtremeXOS and Enterasys network operating systems within two years, and so fully support both hardware platforms. Combined revenues are expected to be double that of either company alone. Significantly increased scale is expected to enable greater investments in R&D. The operating margin of the combined entity is also expected to increase over time as synergies are realised. The acquisition, excluding transaction, integration and purchase accounting related costs, is expected to be immediately accretive. The deal is subject to customary closing conditions and regulatory approvals and is expected to close in the fourth quarter. The acquisition was approved by the board of directors of each company. Extreme Networks has received a preliminary debt commitment to finance at least USD 75 million of the purchase price, with the balance to be funded from cash on hand. The closing of the transaction is not conditioned upon the receipt of any bank financing.

Tags: cash networks usd extreme

 

Ocado cash pile grows as Morrisons deal makes headway

2013-09-12 11:57:13| Grocery - Topix.net

More and larger online supermarket orders have helped Ocado to grow sales in the third quarter, as it made progress towards launching its partnership with Morrisons in early 2014.

Tags: makes deal cash grows

 

iPhone 5C: A play-it-safe device that milks Apples cash cow, but hands the rest of the market to Samsung

2013-09-11 18:09:44| Extremetech

The iPhone 5C is an odd device. It is essentially the same smartphone as the iPhone 5, but with a plastic body instead of aluminium. Beyond increasing sales slightly, and thus driving more profits, it's actually hard to find a purpose for the iPhone 5C.

Tags: to the market rest

 

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