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Telco shareholders reject Telefonica buy-out offer - report
2013-09-17 10:21:00| Telecompaper Headlines
(Telecompaper) The Italian shareholders in the Telco pact controlling Telecom Italia have rejected an offer from Telefonica to buy part of their shares, Il Sole 24 Ore reports without naming its sources. Telefonica had sought to maintain its Italian partners in Telco, in order to avoid raising regulatory problems in South America, where it competes against Telecom Italia in Brazil and Argentina. However, an offer in early September to Mediobanca, Generali and Intesa Sanpaolo to buy part of their shares for EUR 800 million was unsuccessful, the paper said. Telefonica already holds over 46 percent in Telco, and the Italian financial companies can exercise an option this month to sell their stakes. Telefonica is reportedly not interested in a full takeover of Telecom Italia, as it would increase the Spanish company's already substantial debt as well as require the divestment of some activities in South America.
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Telecom Italia shareholders reject $1 billion Telefonica offer: press
2013-09-17 09:40:48| Telecom - Topix.net
Core Italian shareholders in Telecom Italia this month rejected an 800 million euro offer from Spain's Telefonica to buy part of their stakes, Italian business newspaper Il Sole 24 Ore said on Tuesday.
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Taro Announces Results of Its Annual General Meeting of Shareholders
2013-09-14 20:43:37| Biotech - Topix.net
Taro Pharmaceutical Industries Ltd. announced today that the Company held its annual general meeting of shareholders on September 12, 2013 at Euro Park, Italy House, Yakum, Israel .
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Under Armour's New Growth Plans Should Reward Shareholders
2013-09-13 08:20:23| Footwear - Topix.net
Apparel maker Under Armour has been a darling of the stock market since going public over eight years ago.
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Advisory Firm Recommends Smithfield Shareholders Vote for Deal
2013-09-13 02:00:00| ThePigSite - Industry News
US - Proxy advisory firm, ISS, is recommending that Smithfield Foods' shareholders vote in favour of the strategic combination with Shuanghui International.
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