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SunOpta to buy private frozen fruit supplier for about $450 mln
2015-07-31 15:03:20| Agriculture - Topix.net
Canadian organic food provider SunOpta Inc said it would buy organic frozen fruit supplier Sunrise Holdings Delaware Inc from private equity firm Paine & Partners LLC for about $450 million. The deal is expected to add 10 cents to SunOpta's adjusted earnings per share in fiscal 2016, the company said.
Tags: buy
private
fruit
supplier
Vivendi sells Telefonica Brasil stake for USD 877 mln
2015-07-30 12:53:00| Telecompaper Headlines
(Telecompaper) French media conglomerate Vivendi has announced the sale of its remaining 4 percent stake in Telefonica Brasil for USD 877 million. The company's move comes a day after it agreed to exchange another 3.5 percent stake in the Brazilian operator for a 0.95 percent stake in the unit's parent company, Telefonica. Vivendi had acquired the 7.5 percent stake in Telefonica Brasil as part of the sale of its Brazilian broadband unit GVT to Telefonica, which also ceded an 8.24 percent stake in Telecom Italia to the French company. However, Brazil's competition authority CADE ruled that Vivendi couldn't continue as an indirect shareholder in Telecom Italia's Brazilian unit TIM Brasil as well as Telefonica Brasil. The French media giant has now proceeded to exit Telefonica Brasil through the share swap and sale, while becoming Telecom Italia's largest shareholder with a 14.9 percent stake.
Twitter narrows net loss as Q2 revenues lift to USD 502 mln
2015-07-29 07:46:00| Telecompaper Headlines
(Telecompaper) Twitter reported second-quarter revenues of USD 502 million, up 61 percent from the year-earlier figure and above its guidance of USD 470-485 million. Without forex effects, revenues would have increased 68 percent. Advertising revenues rose 63 percent from the year before to USD 452 million, with mobile advertising revenues making up 88 percent of the total. The net loss narrowed to USD 137 million or 21 cents a share from 145 million or 24 cents a share the year earlier. Adjusted EBITDA exceeded the company's target for Q2, coming in at USD 120 million from 54.1 million, representing an adjusted EBITDA margin of 24 percent. Twitter CEO Dick Costolo was pleased with the good progress in monetization but was not satisfied with audience growth. In order to realise its full potential, the CEO said the company had improve in three key areas: it needed to ensure more disciplined execution, simplify its service to deliver value faster, and better communicate that value.
Precision Castparts to buy Noranco for $560 mln
2015-07-28 08:58:42| Industrial Machines - Topix.net
Precision Castparts Chairman and Chief Executive Mark Donegan said in prepared remarks Monday that the addition of Noranco "strengthens our existing market position in airframe products and their engine, landing gear, and machining capability will expand our product offering on current and next generation aircraft." Precision Castparts stated that Noranco's largest customers include Honeywell International Inc., Safran SA, Bombardier Inc., and Spirit AeroSystems Holdings Inc. Noranco, which has 1,100 employees in North America, has strong content positions on the next generation commercial platforms made by Boeing Co.
Tags: buy
precision
mln
castparts
Zegona acquires Spain's Telecable for EUR 640 mln
2015-07-27 10:23:00| Telecompaper Headlines
(Telecompaper) Zegona, an investment vehicle set up by former Virgin Media finance director Eamonn O'Hare, has reached an agreement to acquire Spanish regional broadband operator Telecable from Carlyle Group and Liberbank for an enterprise value of EUR 640 million. In a statement Zegona said it expected to close the deal by mid-August and that it would fund the acquisition with a combination of GBP 251 million of new equity, backed by institutional investors, funds from its recent float and a new debt facility arranged by Goldman Sachs. The deal for Telecable, present in the northern Spanish region of Asturias, comes just a few days after Euskaltel, operating in the Basque Country, agreed to purchase rival cable provider R, operating in Galicia, for EUR 1.16 billion.
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