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Eurobites: Portugal Telecom Shareholders Approve Oi Deal

2015-01-24 03:36:21| Telecom - Topix.net

Also in today's EMEA regional roundup: Orange nurtures startups; Austrian spectrum row; will anyone download the bride-valuation app? Shareholders in Portugal Telecom SGPS SA have approved the $8.4 billion sale of Brazilian operator Oi's Portuguese assets to French group Altice, reports Bloomberg. It is thought the sale could pave the way for greater consolidation in the Brazilian market.

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Portugal Telecom shareholders approve PT sale to Altice

2015-01-23 09:10:00| Telecompaper Headlines

(Telecompaper) Shareholders of Portugal Telecom have approved the sale of PT Portugal to Altice. After earlier suspending the vote on the matter, the shareholders at their second gathering agreed to the sale proposed by Oi, which gained control of the Portuguese assets whent the two companies merged last year. Some shareholders had hoped the deal with Oi could still be undone, but Portugal Telecom warned it would only end up in a long court battle. Proceeds from the sale to Altice are expected to help Oi reduce its debt and participate in the consolidation udnerway in the Brazilian market. Portugal Telecom will be left as a holding company with a number of foreign assets, such as stakes in operators in Angola, East Timor and Macau. The sale of PT Portugal remains subject to regulatory clearance.

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Greene King shareholders approve Spirit Pub Co deal

2015-01-14 15:30:00| Daily beverage news and comment - from just-drinks.com

Greene King's shareholders have given the green light for the company to acquire Spirit Pub Co in a GBP773.6m (US$1.24bn) deal.

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Viasystems shareholders approve company's sale

2014-12-17 15:14:24| Electronics - Topix.net

On Tuesday, Viasystems shareholders gave the OK to California-based TTM Technologies Inc.'s acquisition of the company for $368 million. Viasystems reported a third quarter loss of $16.4 million, wider than the $9.1 million loss reported in the third quarter of 2013.

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EMCORE shareholders approve $150 million sale

2014-12-06 17:23:20| Electronics - Topix.net

Emcore's shareholders on Friday approved the sale of all of the assets used in EMCORE's space photovoltaics business to SolAero Technologies Corp. The company announced in September it was selling its Albuquerque-based space photovoltaics business to Veritas Capital for $150 million in cash. The shareholder vote on Friday finalized the deal, which will close on Dec. 10, according to a release from the company.

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