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Orange buys remaining shares in Mobinil
2015-02-23 09:21:00| Telecompaper Headlines
(Telecompaper) Orange and Orascom Telecom Media and Technology (OTMT) have agreed that Orange will purchase all the shares and voting rights held directly or indirectly by OTMT in the Egyptian Company for Mobile Services (ECMS) for EUR 209.6 million. ECMS is the holding company of Egyptian mobile operator Mobinil. Orange said the transaction will be completed through the exercise of Orange's call option under the shareholders agreement signed by the two parties in April 2012. The transfer of OTMT's direct stake in ECMS will be completed as an 'over the counter' transaction between the two main shareholders. The parties expect that the transaction will be finalized by the end of Q1.
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Altice offers Vivendi EUR 3.9 bln for remaining 20% in SFR
2015-02-18 09:14:00| Telecompaper Headlines
(Telecompaper) Telecom holding company Altice and its French subsidiary Numericable-SFR have made an offer to buy the 20 percent outstanding stake in Numericable-SFR held by Vivendi for EUR 40 per share. The offer values the 20 percent stake at EUR 3.9 billion and takes the total price paid for SFR to EUR 17 billion. Under the proposal, half of the stake would be bought through a share buyback programme to be approved at a Numericable-SFR general assembly. The other half will be bought by Altice France for approximately EUR 1.95 billion, plus 3.8 percent interest, before 7 April 2016. The payment has already been secured with a bank guarantee. The two stake purchases will close after the general assembly to be held no later than 30 April. Vivendi said its board will consider the offer at its next meeting 27 February.
Housing Bureau Boldly Demands Almost All of City's Remaining Surplus Cash
2015-02-05 18:22:52| PortlandOnline
Denis C. Theriault in the Portland Mercury, February 3, 2015
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Bassett Announces Intention to Acquire Remaining Portion of Zenith
2015-01-21 15:14:17| Furniture - Topix.net
Bassett Furniture Industries, Inc. announced today its intention to acquire the remaining 51% of Zenith Freight Lines, LLC in a transaction that is expected to close early next month. Commenting on the deal, Robert H. Spilman, Jr., Bassett's President and CEO, said, "Our initial investment in Zenith dates back to 1999.
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Dollar declines ahead of inflation data as RBNZ seen remaining on hold
2015-01-20 23:10:23| Food - Topix.net
The New Zealand dollar declined ahead of consumer prices data due this morning which is expected to show annual inflation dipped below the Reserve Bank's target, likely keeping interest rates on hold for an extended period. The kiwi fell to 76.74 US cents at 8am in Wellington, from 77.17 cents at 5pm yesterday .
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