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The Wall Street Journal: Safeway to pay hedge funds $44.50 a share to settle buyout suits
2015-06-02 20:13:20| Grocery - Topix.net
Safeway Inc. will pay a group of investment funds about 27% more than other shareholders received when the grocery chain was sold to private-equity-backed Albertsons earlier this year for $7.6 billion, a big win for hedge funds that challenge deals in court. Albertsons will pay three funds, which owned about 6% of Safeway stock, $44.50 a share in cash, or about $134 million more, as part of a court settlement in a buyout-related lawsuit, according to people familiar with the matter.
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Altice shareholders approve EUR 1 bln share buyback plan
2015-06-02 09:50:00| Telecompaper Headlines
(Telecompaper) French telecom group Altice's shareholders have approved a EUR 1 billion share buyback programme for the next 3 years. Over 83 percent of the company's share capital was present or represented at the annual general meeting on 1 June where the financial statements for 2014 were approved.
Spark NZ plans NZ$100m share buyback
2015-06-02 02:00:00| Total Telecom industry news
New Zealand operator gears up balance sheet after divestments; announces trials of new rural Internet product.
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No one likes to pay more than their fair share
2015-06-01 23:38:35| Energy - Topix.net
When you walk into a fast food restaurant you wouldn't expect to pay $25 for a hamburger, fries and Coke. Nor would you expect to pay $300 for a garden-variety pair of tennis shoes or a polo shirt.
Analyst Says Wireless Potential Makes DISH Worth At Least $114 Per Share
2015-06-01 22:58:27| Wireless - Topix.net
The note follows a May 14 leak hinting that DISH could be planning to enter the wireless market. WHAT'S NEW: Wells Fargo's Marci Ryvicker quantified the various outcomes of DISH Network's wireless strategy, saying that regardless of which direction the company chooses to take, its stock should see a 60%-75% upside.
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