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Proposed Acquisition by Optimal Payments of Skrill to Create Leading Global Player in Online Payment and Digital Wallet Services

2015-03-26 11:31:09| Industrial Newsroom - All News for Today

Acquisition Will Diversify Customer Base, Product Offering, Geographic Exposure and Sector Presence MONTREAL and NEW YORK  Optimal Payments Plc (LSE AIM: OPAY, "Optimal Payments" or the "Optimal Payments Group"), a global provider of online and mobile payment processing services, has entered into an agreement to...

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Optimal Payments to buy Skrill for EUR 1.1 bln

2015-03-23 13:42:00| Telecompaper Headlines

(Telecompaper) UK-based online and mobile payment services provider Optimal Payments announced an agreement to acquire Skrill, a provider of prepaid services in Europe, for EUR 1.1 billion including debt. Skril's holding company Sentinel is owned by the private equity funds CVC, Investcorp and other shareholders. They will receive EUR 720 million cash and a 7.9 percent stake in the merged group. The deal values Skrill's equity at 9.4 times EBITDA for the year to September, including expected synergies from the merger of EUR 40 million per year. Skril provides a range of digital wallet services, including the paysafecard for online purchases, while Optimal Payments operates the online money transfer service Netelller. Optimal Payments has received backing from its shareholders to raise GBP 451 million in a rights issue. A new credit facillity of EUR 500 million will also support the acquisition plans. Subject to shareholder approval and the rights issue, the acquisition is expected to close in Q3. 

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Spray Foam Insulation yields optimal performance with less waste.

2015-02-09 14:31:40| Industrial Newsroom - All News for Today

Formulated for optimized yield as well as minimized waste and required application time, APX can insulate and air seal residences, schools, and commercial buildings. This low-density, open-cell polyurethane spray foam insulation has R-value of 3.7 at 1 in. and meets ICC-ES fire test standards for use in attics without protective fire coating. Also compliant with IBC, IRC, and IECC, this half-pound, low VOC-compliant density foam passes AC377 Appendix X test.

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3 ways mineral supplementation is key to optimal performance in beef cattle

2015-01-27 21:09:36| Beef

Although mineral supplements are just a small part of the total diet of a beef animal, they are an important detail to get right when it comes to maximizing cattle performance. BEEF Daily read more

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ASUSTOR and DIGIEVER Create Optimal Surveillance Storage Solution

2015-01-20 11:30:51| Industrial Newsroom - All News for Today

All ASUSTOR NAS devices come equipped with high performance Intel processors and feature cross-platform file sharing, Rsync, FTP and Cloud backup, Windows PC backup utility Backup Plan and Time Machine support for Mac. Provides DIGIEVER professional surveillance NVRs and hybrid enterprise environments with an...

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