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SES PS buys RR Media for USD 242 mln

2016-02-26 09:54:00| Telecompaper Headlines

(Telecompaper) SES Platform Services, part of the SES family, said it has agreed to acquire all of RR Media for USD 13.291 per share, or a total enterprise value of USD 242 million, with the aim of creating a world-leading global media solutions provider. The deal, funded by the existing financial resources of SES, is subject to regulatory approvals, which are expected to complete in the second or third quarter of this year. After the closing, RR Media and SES PS will be combined to create a new, stand-alone world-leading media services provider, offering full continuity and enhanced service to their existing customers.

Tags: media ses usd buys

 

Global Specialty Pulp & Paper Chemicals Market Is Expected To Reach USD 25.41 Billion By 2020

2016-02-23 06:40:34| pulpandpaperonline News Articles

The global specialty pulp and paper chemicals market relies on the use of specific chemicals to lend its products a unique texture, appearance, moisture-repellant qualities and strength. The variants of these chemicals are: Basic, bleaching, functional, and process chemicals – each of which serves a specific purpose

Tags: market paper global expected

 
 

Verizon to buy XO fibre network business for USD 1.8 bln

2016-02-22 15:49:00| Telecompaper Headlines

(Telecompaper) Verizon has agreed to buy XO Communications' fibre-optic network business for USD 1.8 billion. The deal gives Verizon access to XO's fibre-based IP and Ethernet networks to serve business and wholesale customers as well as boost backhaul for its mobile network. In addition, Verizon will lease XO's wireless spectrum, with an option to buy that spectrum by the end of 2018. Pending regulatory approval, the companies expect to close the deal in the first half of 2017. XO was saved from bankruptcy by Carl Icahn in 2003, and he is the sole shareholder of the parent company XO Holdings. Icahn said in a statement that while the sale to Verizon "does not represent a significant annualized return" on the investment in XO, "in today's environment it does represent the best achievable outcome for the company's customers, employees and owner".

Tags: business buy network usd

 

Ingram Micro sells for USD 6 bln to HNA

2016-02-18 10:09:00| Telecompaper Headlines

(Telecompaper) US-based electronics distributor Ingram Micro has agreed to be acquired by China's Tianjin Tianhai for USD 38.90 a share in cash, with the equity value reaching around USD 6 billion. Ingram Micro will become a part of HNA Group, a Hainan-based Fortune Global 500 enterprise group and a leader in aviation, tourism and logistics and the largest stockholder of Tianjin Tianhai. The transaction, which has been unanimously approved by both Ingram Micro's and Tianjin Tianhai's boards of directors and is expected to close in the second half, represents a premium of 39 percent over the average closing share price of Ingram Micro for the 30 trading days to 16 February.

Tags: to usd micro sells

 

Global Titanium Dioxide Market Set for Explosive Growth, To Reach Around USD 17.00 Billion by 2020

2016-02-16 06:00:00| Coatings World Breaking News

Tags: set market global growth

 

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