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Port of Melbourne Lease Cautiously Welcomed
Sep 27, 2016The Port of Melbourne. The Victorian Government has successfully leased the Port of Melbourne for more than $9.7 billion. The Lonsdale Consortium, comprising of the Future Fund, QIC, GIP and OMERS signed a lease of the port’s ...
Tags: Port of Melbourne, lease
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II-VI Inc Sells Certain RF Assets of Anadigics for $45m
Jun 21, 2016In advance of the Citi Technology Conference on 9 June, engineered materials and optoelectronic component maker II-VI Inc of Saxonburg, PA, USA updated its investor presentation to note the sale of certain RF assets formerly owned by ...
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Concourse Sports Agrees to Acquire Team Express
Apr 20, 2016Concourse Sports LLC has reached an agreement to acquire Team Express Inc., which filed for bankruptcy protection in mid-December. Concourse will act as the stalking horse bidder in the case and may be outbid at an auction set for May 4. ...
Tags: Concourse Sports, Team Express, Acquisition
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Everstone Completes Acquisition of Modern Foods
Apr 6, 2016India-based private equity firm Everstone Group has completed the acquisition of Modern Foods, a bakery business of the Hindustan Unilever Limited (HUL). Following the acquisition, Everstone aims to triple the brand's revenue to Rs 10bn ...
Tags: Everstone, Modern Foods, Acquisition, Bakery business, HUL
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Unsecured Creditors Objects to Sports Authority's Plan
Apr 5, 2016The unsecured creditors committee in the Sports Authority’s bankruptcy case has filed a strong objection to the retailer’s proposed DIP financing package. The committee, representing largely vendors and landlords, called it a ...
Tags: Sports Authority, DIP
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Sainsbury's Confirms HRG Offer
Mar 23, 2016Sainsbury's has confirmed that it will proceed with its offer for Home Retail Group (HRG), owner of Argos, and is "pleased" by last Friday's turn of events, which saw rival bidder Steinhoff international abandon pursuit in favour of ...
Tags: Sainsbury's, HRG, Argos
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Skylanders Figure Designed By Former Stig Ben Collins To Be Auctioned For Make-A-Wish
Mar 23, 2016Formula 1 driver Max Chilton has also created an exclusive Skylanders toy for Make-A-Wish. Ben Collins (former The Stig) and Formula 1 driver Max Chilton have designed special Skylanders SuperChargers toys to raise money for the ...
Tags: Skylanders, Make-A-Wish, Ben Collins, Stig
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LPS Industries Develops Flexible Material
Mar 2, 2016LPS Industries, a leading producer of flexible packaging solutions, recently announced that its Vapor Flex Division is playing a key role as the manufacturer for a distributor that was recently awarded a two-year General Services ...
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Australia Approves Sale of Dairy Farm Tasmanian Land to China-Based Moon Lake Investments
Feb 29, 2016The Australian treasury has given its approval to the sale of the country's largest dairy farm Tasmanian Land Company (TLC) including Van Diemen's Land Company (VDL), to Chinese billionaire Lu Xianfeng's Australian arm Moon Lake Investments ...
Tags: VDL, Dairy Farm
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Anadigics Declares Competing $0.81 Per Share Chinese Bid a 'superior Offer'
Feb 29, 2016Broadband wireless and wireline communications component maker Anadigics Inc of Warren, NJ, USA says that on 20 February II-VI Inc of Saxonburg, PA, USA submitted a further revised set of proposed amendments to its original 15 January ...
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II-VI Inc Raises Offer to Acquire Anadigics From $0.66 to $0.73 Per Share
Feb 22, 2016Broadband wireless and wireline communications component maker Anadigics Inc of Warren, NJ, USA says that, on 18 February, II-VI Inc of Saxonburg, PA, USA delivered a set of proposed amendments to its 15 January agreement to acquire ...
Tags: wireline communication
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Anadigics' Board Declares Competing $0.78 Per Share Chinese Bid a 'superior Offer'
Feb 19, 2016Broadband wireless and wireline communications component maker Anadigics Inc of Warren, NJ, USA says that on 16 February the competing bidder designated 'Party B' delivered a further set of amendments to its latest proposal (made on 1 ...
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Anadigics Receives 'superior Offer' of $0.54 Per Share After Gaas Labs Matches Competing Bidder's $0.48
Dec 28, 2015Broadband wireless and wireline communications component maker Anadigics Inc of Warren, NJ, USA says that affiliates of GaAs Labs LLC has raised its offer to acquire the firm from $0.35 per share in cash (announced on 11 November) to $0.48 ...
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Japan Display Becomes Latest Bidder for Apple iPhone 8 OLED Panel Orders
Dec 11, 2015Rumors of Apple’s intention to trade existing LCD display technology for the lighter and thinner OLED screens has been circulating awhile on the market, a recent report from Japanese newspaper Nikkan has named Japan Display as the ...
Tags: OLED Panel, Apple iPhone 8, LCD displays
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Quirky Files for Chapter 11 Bankruptcy Protection, to Sell Smart Home Platform
Oct 14, 2015Quirky (“Quirky”) and its affiliates (together, the “Company”) announced today that it filed a voluntarily petition under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern ...
