je.st
news
Tag: usd
Mitel to buy Mavenir Systems for USD 560 mln
2015-03-02 09:04:00| Telecompaper Headlines
(Telecompaper) Mitel has signed a definitive deal to take over networking equipment provider Mavenir Systems for USD 560 million. Mitel will acquire all of Mavenir's outstanding shares in a cash and stock deal. Mavenir stockholders will get either all-cash or all-stock for each Mavenir share, with a value of USD 11.08 plus 0.675 of a Mitel common share, or USD 17.94 based on the Mitel closing price on 27 February. Upon closing, Mavenir will become the mobile business division of Mitel, operating under the brand Mavenir. Pardeep Kohli will join Mitel in the role of Mavenir president, reporting to Rich McBee. With the acquisition, Mitel expects to expand its total addressable market by USD 14 billion by 2018, and be well positioned to capitalize on increasing demand for LTE services. The deal extends Mitel's service provider and mobile operator footprint to over 130 operators, including 15 of the top 20 mobile carriers worldwide, covering 2 billion subscribers. Mitel said it will finance the deal using cash on hand and with proceeds from new senior secured credit facilities.
Avago to acquire Emulex for USD 606 mln
2015-02-26 08:17:00| Telecompaper Headlines
(Telecompaper) Avago Technologies announced a definitive agreement to acquire Emulex, a provider of integrated circuits for network connectivity, monitoring and management, for USD 606 million. Under the terms of the agreement, which has been approved by the boards of both companies, a subsidiary of Avago will make a bid of USD 8 per share cash for all of Emulex's shares. Avago expects to fund the transaction with cash available on its balance sheet. Avago said that Emulex's connectivity business fits well with Avago's existing portfolio serving the enterprise storage market. Emulex said it should benefit from Avago's capabilities to help accelerate its strategy to support next-generation server and storage architectures. Senior members of the Emulex management team and all of the directors of Emulex, collectively owning approximately 2.5 percent of Emulex's shares, have said they will support the bid. Pending regulatory approval, the takeover is expected to close in the second half of Avago's fiscal year ending 01 November.
Global Antimicrobial Coatings Market Expected to Reach USD 4,520.3 Million by 2020
2015-02-19 06:00:00| Coatings World Breaking News
Tags: market
global
million
expected
Global Nanocoatings Market Expected To Reach USD 8.17 Billion By 2020
2015-02-18 06:00:00| Coatings World Breaking News
Tags: market
global
expected
reach
Kuwait Styrene realizes USD 126 Million net profit in 2014 Sales value exceeds USD 807 million
2015-02-15 12:01:08| Chemicals - Topix.net
The Kuwait Styrene Company announced realizing a net profit of USD 126 million for the fiscal year ending 31 December 2014, in comparison to net profits of USD 180 million during 2013. On this occasion, TKSC Board Chairman Hadi Abul said, "As the only Kuwaiti producer and exporter of Styrene Monomer , the company has continued realizing notable net profits despite a number of challenges, mainly decreasing oil prices and the hike in feedstock costs.
Sites : [124] [125] [126] [127] [128] [129] [130] [131] [132] [133] [134] [135] [136] [137] [138] [139] [140] [141] [142] [143] next »