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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
bids
merger
takeover
Old school: Takeover of Stardust an easy call for Bill Boyd
2015-01-21 17:24:46| Trucking - Topix.net
Bill Boyd said a 1983 decision to take over management of the troubled Stardust was an easy choice. He worried that 2,000 workers would lose their jobs if Boyd Gaming Corp. didn't step in after state gaming regulators filed an emergency order of closure against the failing Strip hotel-casino.
Announcement under Irish Takeover Rules Relevant Securities in Issue...
2015-01-21 16:59:53| Industrial Machines - Topix.net
In accordance with Rule 2.10 of the Irish Takeover Rules, Covidien plc confirms that, as of the close of business on January 20, 2015, the Company's issued share capital, excluding treasury shares, consisted of 454,507,245 ordinary shares, par value US$0.20 per share . The International Securities Identification Number of the Ordinary Shares is IE00B68SQD29.
Tags: issue
rules
relevant
securities
3UK talking to O2 about 9bn takeover
2015-01-19 01:00:00| Total Telecom industry news
Consolidation wave continues as Hutchison Whampoa holds talks with Telefonica; Spanish telco could still float U.K. unit, paper says.
Tags: talking
takeover
9bn
3uk
Iusacell gets new CEO as AT&T closes $2.5bn takeover
2015-01-19 01:00:00| Total Telecom industry news
U.S. telco reiterates plan to create North American service area, names company veteran as Mexican operator's chief exec.
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