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Nokia shareholders approve Microsoft deal

2013-11-19 01:00:00| Total Telecom industry news

Nokia to sell its loss-making mobile device business to Microsoft

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US/CANADA: Saks shareholders approve Hudson's Bay merger

2013-10-31 15:34:00| Daily apparel & textile news and comment - from just-style.com

Saks shareholders have approved its merger with Canadian department store retailer Hudson's Bay Company, in a move that creates a leading upscale North American fashion retail business.

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Alitalia shareholders approve capital increase

2013-10-15 20:52:35| Airlines - Topix.net

Shareholders in the Alitalia airline have agreed to a 300 million-euro capital increase to save Italy's flagship carrier from bankruptcy.

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Harris Teeter shareholders approve sale to Kroger

2013-10-03 18:51:01| Grocery - Topix.net

The approval by 83 percent of Harris Teeter shareholders moves the $2.4 billion deal one crucial step closer to completion.

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KPN shareholders approve E-Plus sale to Telefonica

2013-10-02 16:22:00| Telecompaper Headlines

(Telecompaper) The shareholders of KPN have approved the sale of the Dutch operator's German mobile operator E-Plus to Telefonica. KPN is selling the German unit for EUR 8.55 billion, including EUR 5 billion cash and a 20.5 percent stake in the new company created from the merger of E-Plus with Telefonica Deutschland (O2 Germany). The merger of the number three and four players on the German mobile market will allow the companies to approach the market share of leaders Telekom Deutschland and Vodafone. According to research by Telecompaper, E-Plus and O2 had 38.5 percent of customers at the end of June 2013, compared to 33 percent for Telekom and 31.5 percent for Vodafone. In terms of service revenues, the combined group would still be in third place, just behind Telekom and Vodafone. Completion of the sale still depends on regulatory clearance. KPN CEO Eelco Blok said at the EGM that this is expected by mid-2014. KPN secured the approval of a majority of shareholders, including notably its largest shareholder America Movil, after agreeing to increase the value of the deal with Telefonica, from an initial price of EUR 8.1 billion.

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