Murray Goulburn Co-operative (MG) and Bega Cheese have revised their takeover offers for Warrnambool Cheese & Butter (WCB). As per the terms, MG offered to pay A$9 per share of WCB, valuing the Victorian dairy firm at A$505m. Bega ...
Tags: Murray Goulburn, Food
Prosafe has agreed a Letter of Intent (LoI) with COSCO (Qidong) Offshore Co. Ltd. for the Engineering, Procurement and Construction of two semi-submersible accommodation vessels, with options for four further units. The vessels will be ...
Tags: Accommodation Vessels, Mineral
Murray Goulburn, an Australian diary co-operative, has launched a A$420m ($404m) bid to acquire Warrnambool Cheese and Butter (WCB), following Canada's Saputo C$378m bid earlier this month. The proposal would create one of the largest ...
Tags: Murray Goulburn, Cheese, Butter
Elders Limited has agreed terms with its existing financiers to renew and extend its syndicated finance facilities to 31 December 2014, as part of a comprehensive plan to secure the repositioning and sustainability of the company as a pure ...
The Qantas Group has reported a profit before tax of $192 million but issued a reasonably cautious outlook, despite which the company's share price rose by 14%. The group has strengthened its financial position, with positive net free ...
On 16 July 2013, Billabong International Limited announced that it had entered into agreements with entities advised by Altamont and entities sub-advised by GSO Capital Partners (the credit arm of the Blackstone Group, and together with ...
Tags: Altamont-LED
Seadrill Limited ("Seadrill" or "the Company") has entered into turnkey contracts to build four new ultra-deepwater drillships. Two drillships will be built at the DSME yard and the other two at the Samsung yard, in South Korea. The project ...
Tags: Transportation, Service
Dialog Semiconductor has announced plans to acquire iWatt, a provider of digital-centric power management ICs, for as much as US$345 million. Dialog said it will pay approximately US$310 million in cash, plus up to US$35 million in ...
Tags: Semiconductor, Electrical, Electronics
Dialog Semiconductor Plc (FWB: DLG), a provider of highly integrated power management, audio and short-range wireless technologies, is pleased to announce that it has entered into an agreement to acquire iWatt Inc. ("iWatt"), a leading ...
South Africa-based coal producer Coal of Africa (CoAL) has announced its financial results for the second first half of 2012, reporting a net loss of $111.7 million compared to a net of $74.7 million in the corresponding period of the ...
Tags: Coal, Metallurgy, Mineral
Greencore reported a "satisfactory" start to the year today (29 January) as acquisitions in the US offset flat UK revenues. In a trading statement released ahead of its AGM, Greencore said that sales of at its convenience food business ...
Tags: Greencore, US offset flat, UK revenues
Chiquita Brands has indicated that fourth quarter and full year results for 2012 are down on 2011 due to a poorer performance from its salad business, poorer currency exchange and on-off charges. The banana group said today (28 January) ...
Tags: Chiquita Brands, fourth quarter, 2012
NEXUS Energy has exercised an option to sell a $75 million stake in the Crux gas and liquids field in Western Australia's offshore Browse Basin to the field's operator, Royal Dutch/Shell. The move will drop Nexus's stake in Crux from 17 ...
Convenience food group Greencore has reported a rise in third-quarter sales, boosted by growth across its business. The company today (31 July) posted a 6.7% increase in underlying sales for the 13 weeks to 29 June. The 6.7% "core ...
Tags: Greencore, sales, underlying sales, company news
Neiman Marcus Inc. reported financial results for both the fourth quarter and fiscal year ended July 28, 2012. For the fourth quarter of fiscal year 2012, the Company reported total revenues of $1.00 billion compared to $919.7 million in ...
Tags: Neiman Marcus, financial results, investment