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BG Group profit up ahead of takeover

2016-02-05 09:26:03| BBC News | Business | UK Edition

Oil and gas firm BG Group, whose takeover by Royal Dutch Shell is almost complete, reports a rise in its in final full-year earnings.

Tags: group profit ahead takeover

Here's how much Rite Aid execs stand to make from Walgreens takeover

2016-02-04 20:39:06| Footwear - Topix.net

Rite Aid CEO John T. Standley stands to reap an eye-popping sum in "merger-related" payments under the Walgreens takeover. Rite Aid shareholders stand to make $9-per-share from the Walgreens takeover approved today.

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EC approves Telenet takeover of Base

2016-02-04 12:11:00| Telecompaper Headlines

(Telecompaper) The European Commission has approved the sale of Belgian mobile operator Base by KPN to Telenet, the Belgian cable operator controlled by Liberty Global. The clearance takes account of concessions offered by Telenet to ensure competition from MVNOs on the Belgian market. Base is Belgium's smallest mobile operator, but served as a challenger on the market with its relatively low-price offers. Telenet is already the country's largest MVNO. "Without effective commitments, a merger of these two dynamic players would have significantly reduced competition, with a risk of higher prices and less choice and innovation for Belgian mobile consumers," the EC said. To allay these concerns, Base agreed to transfer two of the country's largest MVNOs, Mobile Vikings and Jim Mobile, to the company Medialaan, which will use this to develop into a full MVNO and stronger competitor on the mobile market. Liberty Global also agreed preferred conditions for Medialaan to continue using Base's network.

Tags: base approves takeover telenet

Telenor expands in marketing tech with Tapad takeover

2016-02-01 09:11:00| Telecompaper Headlines

(Telecompaper) Telenor Group entered into an agreement to acquire approximately 95 percent of Tapad, a US-based marketing technology firm. The purchase price is USD 360 million, on a debt and cash-free 100 percent basis. Telenor expects the acquisition of Tapad to bring it a solid position within advertising and marketing technology and significantly strengthen its data analytics capabilities. Tapad will be operated as a stand-alone company. Traasdahl, the current CEO of Tapad, and Dag Liodden, co-founder and CTO, will maintain their positions. Traasdahl and his Norwegian co-founder, Dag Liodden, have together retained a 5 percent stake in Tapad. The closing of the transaction is subject to regulatory approvals. Closing is expected in first quarter 2016.

Tags: marketing tech expands takeover