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Microsoft completes acquisition of Nokia phone business
2014-04-25 14:17:00| Telecompaper Headlines
(Telecompaper) Nokia has completed the sale of substantially all of its mobile phones business to Microsoft. The transaction, which also includes an agreement to license patents to Microsoft, was first announced in September 2013. At closing, the price was adjusted somewhat in Nokia's favour and is expected to be slightly higher than the earlier-announced EUR 5.44 billion, Nokia said. The final deal also excludes Nokia's manufacturing facilities in Chennai in India and Masan in Korea. The Indian site remains subject to a tax dispute with the local authorities. Nokia has agreed to continue to provide Microsoft with devices from the site until the dispute is resolved and the assets can be transferred. For the Korean facility, which employs around 200 people, Nokia plans to end the activities. As part of the sale, Nokia executives Stephen Elop, Jo Harlow, Juha Putkiranta, Timo Toikkanen and Chris Weber will be transferring to Microsoft, as well as another 25,000 Nokia employees. Elop will head the mobile business at Microsoft, along with its Xbox games console and Surface tablet. Nokia said it plans a board meeting next week to consider its future strategy and more details will be discussed at its quarterly report on 20 April.
Tags: business
phone
microsoft
nokia
B&G Foods completes acquisition of Specialty Brands of America
2014-04-25 01:00:00| Food Processing Technology
US-based B&G Foods has completed its acquisition of Specialty Brands of America and related entities from American Capital affiliates for around $155m in cash.
Tags: of
america
brands
specialty
Penford Completes Acquisition Of Gum Technology Corporation
2014-04-11 08:45:36| foodingredientsonline News Articles
Penford Corporation, a leader in ingredient systems for food and industrial products, announced recently that it has completed the acquisition of Gum Technology, an Arizona close corporation
Tags: technology
corporation
acquisition
gum
iQor Completes Acquisition of Jabil Aftermarket Services
2014-04-01 23:35:21| Electronics - Topix.net
Apr 1, 2014--iQor, a global provider of business process outsourcing services, today announced it has completed the acquisition of the Aftermarket Services business of Jabil Circuit, Inc. .
Tags: services
acquisition
completes
aftermarket
XPO Completes Pacer Acquisition
2014-04-01 18:04:01| Logistics - Topix.net
XPO Logistics Inc. said it completed the acquisition of Pacer International Inc., an intermodal and logistics management company, for $335 million in cash and stock.
Tags: acquisition
completes
pacer
completes acquisition
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