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EQT abandons bid for Australia's Vocus
2019-06-05 09:25:00| Telecompaper Headlines
(Telecompaper) Australian operator Vocus announced that it has terminated discussions with EQT Infrastructure in relation to its buyout proposal. On 27 May, Vocus received an from EQT to acquire all of the shares in Vocus at a price of AUD 5.25 per share in cash. Following an accelerated period of due diligence, EQT has decided not to proceed with the transaction outlined in the indicative proposal. Accordingly, discussions with EQT in relation to the proposal have now ceased, Vocus said.
Tags: bid
abandons
vocus
australias
Veon abandons bid for Jazz, Banglalink after fall in rupee, shareholder resistance
2018-10-11 08:35:00| Telecompaper Headlines
(Telecompaper) Veon said it's ended its offer to acquire the assets of Global Telecom Holding in Pakistan and Bangladesh. The sharp fall in the Pakistan rupee and resistance by GTH minority shareholders to the offer led to the decision. Veon said it would continue to explore options to address its strategic relationship with GTH and its minority shareholders.
Tags: fall
jazz
bid
resistance
Tesla abandons Elon Musk's plan to delist company
2018-08-25 06:52:01| BBC News | Business | UK Edition
The electric car maker's share price dropped 20% since Elon Musk said he wanted to take it private.
Tags: company
plan
tesla
abandons
Qualcomm abandons NXP takeover, starts USD 30 billion share buyback
2018-07-26 07:10:00| Telecompaper Headlines
(Telecompaper) Qualcomm has abandoned its takeover of NXP Semiconductors after it was unable to obtain regulatory approval in China by the agreed deadline of 25 July. The failure to close the deal, first announced in October 2016, means Qualcomm will pay NXP a termination fee of USD 2 billion. Qualcomm also announced plans to buy back USD 30 billion of its own shares, alongside its results for the fiscal third quarter to June.
Tags: share
usd
starts
billion
Apple abandons plan for new Irish data centre after local opposition
2018-05-10 12:21:00| Telecompaper Headlines
(Telecompaper) Apple has abandoned plans to build a new data centre in Ireland, after long-running opposition from local residents. The planned data centre in Athenry, County Galway was first announced in 2015. In a statement, the company said despite its best efforts, delays in the planning approval process had forced it to make other plans, RTE reports.
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