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Australia: Government rejects $2bn cost scrap carbon pricing
2013-10-10 03:58:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: The federal government has rejected suggestions that it could be forced to pay companies more than $2bn if it presses ahead with scrapping the carbon price before 2015. New analysis from energy advisory firm RepuTex warns that the government could be facing a $2bn bill if companies rush to cash in their freely allocated permits before the carbon price is repealed. Brown coal generators and other high-emitting companies were given free permits to help them get used to carbon pricing, which they...
Tags: cost
government
australia
pricing
UPDATE: US: Men's Wearhouse rejects Jos A Bank takeover bid
2013-10-09 18:35:19| Daily apparel & textile news and comment - from just-style.com
Men's Wearhouse has rejected a US$2.3bn takeover offer from rival Jos A Bank, saying it "significantly undervalues" the US men's apparel company.
Canadian govt rejects Accelero acquisition of Allstream
2013-10-08 07:59:00| Telecompaper Headlines
(Telecompaper) The Canadian federal government has rejected the proposed acquisition by Accelero Capital of the Allstream division of Manitoba Telecom Services (MTS Allstream). The Canadian operator said it was "extremely surprised and disappointed" by the decision, adding that both companies responded "openly and constructively" to Industry Canada's requests for information in the 136 days since the transaction was announced. Accelero proposed far-reaching, comprehensive and binding undertakings to the Canadian government, including a commitment to invest USD 300 million over three years to pursue Allstream's capital plans. The government rejected the deal on national security concerns, and also rejected an offer from MTS and Accelero to take whatever actions were necessary to address government concerns. As a result of the fall-out, the Allstream division will once again be reported as part of MTS Allstream consolidated results. Results will be impacted by a one-off cost of CAD 35 million connected to the lost transaction. Excluding the impact of the additional transaction and restructuring costs, results were otherwise expected to be near the lower end of the original guidance ranges. The MTS subsidiary, which has not been impacted, continues to generate increased cash flow and is performing in line with expectations.
Tags: canadian
acquisition
govt
rejects
Drug maker Transcept rejects Shkreli play to boost ownership stake
2013-10-01 04:47:27| Biotech - Topix.net
Transcept Pharmaceuticals Inc. rejected a request from Retrophin Inc. to triple its ownership stake in the Richmond drug developer from 4.9 percent to up to 15 percent.
Tags: play
drug
ownership
maker
CenturyLink's largest union rejects contract
2013-09-30 16:41:03| Telecom - Topix.net
According to the Denver Post , the Communications Workers of America District 7, which represents legacy Qwest employees, voted 54 percent to 46 percent to turn down the deal on Sunday.
Tags: largest
union
contract
rejects
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