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Samsung Earnings to Bolster South Korea's Campaign for Shareholders

2015-01-28 11:03:58| Semiconductors - Topix.net

Samsung Electronics Co. is likely to report its fifth consecutive quarter of year-to-year earnings declines Thursday-and offer further evidence that the government's hard line on corporate cash hoarding is making South Korea a more hospitable place for shareholders.

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Norbord and Ainsworth Shareholders Approve Proposed Merger

2015-01-28 03:12:18| Air Courier - Topix.net

Ltd. today announced that at special meetings held by each company earlier today, Norbord shareholders and Ainsworth shareholders and optionholders approved the previously announced proposed combination of Norbord and Ainsworth by way of a plan of arrangement. The transaction was approved by approximately 99.46% of the votes cast by all of the Norbord shareholders eligible to vote at the Norbord meeting and approximately 98.45% of the votes cast by minority shareholders of Norbord.

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Eurobites: Portugal Telecom Shareholders Approve Oi Deal

2015-01-24 03:36:21| Telecom - Topix.net

Also in today's EMEA regional roundup: Orange nurtures startups; Austrian spectrum row; will anyone download the bride-valuation app? Shareholders in Portugal Telecom SGPS SA have approved the $8.4 billion sale of Brazilian operator Oi's Portuguese assets to French group Altice, reports Bloomberg. It is thought the sale could pave the way for greater consolidation in the Brazilian market.

Tags: deal portugal telecom approve

Portugal Telecom shareholders approve PT sale to Altice

2015-01-23 09:10:00| Telecompaper Headlines

(Telecompaper) Shareholders of Portugal Telecom have approved the sale of PT Portugal to Altice. After earlier suspending the vote on the matter, the shareholders at their second gathering agreed to the sale proposed by Oi, which gained control of the Portuguese assets whent the two companies merged last year. Some shareholders had hoped the deal with Oi could still be undone, but Portugal Telecom warned it would only end up in a long court battle. Proceeds from the sale to Altice are expected to help Oi reduce its debt and participate in the consolidation udnerway in the Brazilian market. Portugal Telecom will be left as a holding company with a number of foreign assets, such as stakes in operators in Angola, East Timor and Macau. The sale of PT Portugal remains subject to regulatory clearance.

Tags: sale portugal telecom approve