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Monitise opens itself to takeover, merger bids
2015-01-22 14:52:00| Telecompaper Headlines
(Telecompaper) Mobile money specialist Monitise said it has started a major strategic review with Moelis & Company and that it has opened an "offer period" for formal takeover or merger bids. The specialist gave a trading update for its fiscal first half-results, saying it expects revenues of GBP 42.4 million, with subscription & transaction revenue up 8 percent from the previous six months to GBP 16.2 million, license revenue down 47 percent sequentially to GBP 4.4 million and development & integration revenue down 13 percent sequentially to GBP 21.8 million. The company said the change in revenue mix is consistent with its business model transition. As announced in March, Monitise has started moving its business to a product-based recurring revenue model. Monitise said the transition is still ongoing. Gross cash at end December of GBP 129 million will enable cash flow to cover breakeven levels, the company said.
Tags: opens
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American Sarver bids for Rangers
2015-01-04 17:56:47| BBC News | Business | UK Edition
The American owner of Phoenix Suns basketball team has made an 18m offer to buy a controlling stake in Rangers.
The last Dillon bids farewell to Dillon's parent Kroeger
2014-12-26 16:04:13| Grocery - Topix.net
Although Cincinnati-based Kroger bought up Dillon's stores more than three decades ago, the company has always had a Dillon in an executive role. But when David Dillon 's career ends on Dec. 31, there will be no more Dillons in the grocery business, according to the paper.
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dillon
Grocer David Dillon bids farewell to prestigious career at the store where he started
2014-12-25 07:30:23| Grocery - Topix.net
The retiring chairman of Kroger, parent company of Dillon Stores, returned to where he got his start in the grocery business, the Dillons store at 1319 N. Main St. He visited with customers, thanked employees and even bagged groceries and loaded them into the car for Dianne Coons, an old family friend. His parents, Paul and Ruth Dillon, came to the store to witness the end of an era.
Tags: where
store
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started
Kellogg and Abraaj up bids in battle for Egypt's Bisco Misr
2014-12-24 19:11:01| Food - Topix.net
Kellogg Co, the world's largest breakfast cereal maker, once again raised its bid for Egyptian snackmaker Bisco Misr on Wednesday, topping a rival offer from the UAE's Abraaj in an intensifying $144 million takeover battle. Kellogg's latest bid, for 89.86 Egyptian pounds per share, followed an offer earlier in the day by Abraaj Asset Management for 88.09 pounds, the head of Egypt's financial regulator Sherif Samy told Reuters.
Tags: battle
bids
kellogg
bisco
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