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Skyworks Scraps Deal for PMC After Microsemi's Increased Bid

2015-11-24 14:21:46| Semiconductors - Topix.net

Skyworks Solutions Inc. withdrew its agreed takeover bid for PMC-Sierra Inc. after an increased offer of $2.3 billion from Microsemi Corp. gained the backing of the target's board, ending a month-long bidding contest for the maker of semiconductors for network drives. Skyworks said in a statement it won't modify its bid and that the company is entitled to a $88.5 million termination fee from PMC.

Tags: increased deal bid pmc

RBS scraps bonuses for bank staff

2015-11-19 13:45:23| BBC News | Business | UK Edition

Royal Bank of Scotland says it is scrapping sales bonuses for staff working at its retail banks.

Tags: staff bank bonuses scraps

SABMiller scraps senior job changes in wake of Anheuser-Busch InBev's takeover

2015-11-13 10:14:00| Daily beverage news and comment - from just-drinks.com

SABMiller's director of integrated supply & human resources is to postpone his retirement in the wake of the company's takeover by Anheuser-Busch InBev.

Tags: job senior wake takeover

U.S. Steel scraps plans to build headquarters at former Civic Arena site

2015-11-06 03:09:33| Steel - Topix.net

United States Steel Corp. has decided to scrap plans to build a new headquarters at the site of the former Civic Arena in Pittsburgh's Lower Hill District. Last November, it had been announced that the company would build a five-story building to house U.S. Steel's headquarters employees.

Tags: site plans build steel