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Chiquita Brands signs deal to take over Irish fruit firm Fyffes
2014-03-11 01:00:00| Food Processing Technology
Chiquita Brands International, a US-based producer and distributor of bananas and other produce, has signed an agreement to acquire Fyffes, an Irish fruit distributor, in a $526m deal.
UTC Deal Raises Concern: For Millions, No Job Guarantees In Return
2014-03-10 23:53:02| Paper - Topix.net
The state's tax deal with United Technologies Corp. , hailed Monday by lawmakers, business groups and labor, leaves open the possibility for the company to cut more than 1,000 jobs and still reap hundreds of millions of dollars.
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UTC Deal Raises Concern: For Millions, No Job Guarantees In Return
2014-03-10 23:28:13| Industrial Machines - Topix.net
The state's tax deal with United Technologies Corp. , hailed Monday by lawmakers, business groups and labor, leaves open the possibility for the company to cut more than 1,000 jobs and still reap hundreds of millions of dollars.
Tags: return
job
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millions
UN climate deal could 'revive' offset market says CDM chief
2014-03-10 12:21:00| Climate Ark Climate Change & Global Warming Newsfeed
RTCC: The main tool that funnels finance to developing countries could get a new lease of life from a possible global climate deal at the end of next year, as deeper carbon targets will mean more demand for offsets, the head of the UN`s main carbon offset scheme said. Hugh Sealy, who was recently elected as chair of a panel that overseas carbon reduction projects in developing countries, said the Kyoto Protocols Clean Development Mechanism (CDM) would remain relevant for policymakers despite chronic...
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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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