Topic: Technology Sector
India's Bharti says funds raised for Zain buyout
AFP South Asian Edition
Indian telecom giant Bharti Airtel said on Sunday it had raised 8.3 billion dollars to finance its proposed takeover of the African unit of Kuwait's Zain telecom group. "The financing was oversubscribed, with major international banks committing to underwrite the total amount," the company said in a statement ...
Novell rejects $2 billion Elliott Associates offer
Reuters US Online Report Business News
LOS ANGELES (Reuters) - Novell Inc <NOVL.O> spurned a $2 billion takeover offer from investment fund Elliott Associates on Saturday, calling the bid inadequate and saying it undervalued the business software maker. Novell said its board had instead initiated a review of alternatives, including a share buyback, cash ...
Canon stake in Oce hiked to 84 pct after tender offer
Reuters US Online Report Business News
TOKYO (Reuters) - Japan's Canon Inc <7751.T> said its tender offer for shares in Oce NV <OCEN.AS> has raised its stake in the Dutch printer maker to 84 percent, moving closer to its target of turning Oce into a wholly owned subsidiary. The company ...
Airvana expects plunge in 1Q revenue
AP News
Airvana estimates 1st-quarter revenue plunged to $3 million or less; board still behind buyoutAirvana Inc., which makes mobile broadband network products, on Friday predicted fiscal first-quarter revenue of $2.5 million to $3 million, 67 percent to 72 percent below the same period last year. Airvana also said its board ...
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