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Spokane officials, seeing change in near future, study incinerator takeover - Fri, 14 Mar 2014 PST
2014-03-14 15:23:15| Waste Management - Topix.net
Receive FREE access by logging in to or creating your Spokesman.com account. With potentially major changes coming over the next few years in how and where the region's garbage is disposed, Spokane City Council members this week authorized a study of whether it would be more effective to operate the Waste-to-Energy Plant with city workers rather ... (more)
Co-op takeover deals 'destructive'
2014-03-14 14:54:09| BBC News | Business | UK Edition
Lord Myner's review of the Co-operative Group has found it spent too much time on takeover deals that proved "breathtakingly value-destructive."
Tags: deals
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Grain handler GrainCorp reveals downsides of failed takeover
2014-03-09 14:16:45| Agriculture - Topix.net
Australia's biggest grain handler GrainCorp is warning of tough times ahead in the wake of the failed US takeover of the company.
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Bouygues, Numericable make takeover bids for SFR
2014-03-06 09:18:00| Telecompaper Headlines
(Telecompaper) Vivendi has confirmed that Bouygues Telecom and Altice, the owner of cable operator Numericable, have made binding offers for its French operator SFR. It did not disclose financial details of the offers, but Bouygues said its offer values SFR at around EUR 14.5 billion. Mindful of the French government's concerns about unemployment, Bouygues also said if its bid succeeds, there would be no forced redundancies. Bouygues bid includes EUR 10.5 billion cash and a 46 percent stake for Vivendi in the merged entity. The new company would be listed on the stock market after the merger, helping it raise cash for investments. This would also give Vivendi the option to sell another 15 percent stake. Bouygues would hold 49 percent in the new company and consolidate its results fully. Bouygues expects EUR 10 billion of synergies from the merger of the two companies, which already have a mobile network-sharing agreement in place. Altice did not disclose further details of its bid. Vivendi said its supervisory board will study the offers, but did not give a deadline for taking a decision.
Megafon Q4 profits lower on Olympics costs, Yota takeover
2014-03-05 14:53:00| Telecompaper Headlines
(Telecompaper) Russian mobile operator Megafon reported fourth-quarter revenues up 11.4 percent year-on-year to RUB 79.732 billion. Mobile service revenue rose 10.0 percent to RUB 69.109 billion, led by a 40 percent increase in data revenues to RUB 15.058 billion and the consolidation of Scartel (Yota). Wireline revenues were up 5.9 percent to RUB 4.812 billion, and equipment sales jumped 37.4 percent to RUB 5.811 billion, as smartphones reached just over 50 percent of handsets sold. OIBDA declined by 2.9 percent to RUB 30.522 billion, and the OIBDA margin dropped by 5.1 percentage points to 38.3 percent, hurt by costs for the Olympics and the introduction of number portability in Russia. The net profit decreased by 45.7 percent to RUB 10.082 billion, amid negative forex effects, higher financing costs and a one-time gain in the year-earlier period. Capital expenditure totaled RUB 23.853 billion, up by 47.8 percent on the roll out of the LTE network, which reached 39.5 percent of the population at year-end. Free cash flow over the full year was still up 16.3 percent to RUB 82.293 billion, and net debt was down 14.1 percent to RUB 102.235 billion at the end of 2013. The subscriber base totaled 70.1 million, up by 8.5 percent compared to the end of 2012. For 2014, Megafon forecast revenue growth of 6-8 percent and OIBDA margin of at least 44.0 percent. Capital expenditures will increase again in 2014, to an estimated RUB 58-64 billion.
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