POST Online Media Lite Edition



 

Highlights: June 1 - June 5, 2015

Staff writer |
The summary of the last week's key headlines and the most interesting stories.

Article continues below






Equinix to buy Telecity for $3.6 billion
Monday June 1, 2015 2:30AM
U.S. data center company Equinix said it would buy British TelecityGroup in a deal worth 2.35 billion pounds ($3.6 billion)....

Lotte Group buys New York hotel for $805 million
Monday June 1, 2015 8:22AM
South Korea's Lotte Group said that it had signed a contract to buy the New York Palace Hotel in Manhattan for $805 million from real estate management firm Northwood Investors....

Intel to buy Altera for $16.7 billion
Monday June 1, 2015 1:05PM
Intel agreed to buy Altera for $16.7 billion. By combining with Altera, Intel will be able to bundle its processing chips with the smaller company's programmable chips....

Enterprise buys Eagle Ford midstream assets for $2.15 billion
Monday June 1, 2015 3:57PM
Enterprise Products Partners has executed definitive agreements to purchase all of the member interests in EFS Midstream from affiliates of Pioneer Natural Resources Company and Reliance Industries for $2.15 billion....

BIOREM revenues 138% better
Tuesday June 2, 2015 4:45AM
BIOREM announced results for the first quarter ended March 31, 2015. Revenues totaled $4.7 million an 18% increase over the previous quarter....

Ferrellgas to buy Bridger Logistics in $837.5 million deal
Tuesday June 2, 2015 5:50AM
Propane retailer Ferrellgas Partners agreed to buy Bridger Logistics for about $837.5 million to expand its midstream services business....

Apollo Global Management to buy OM Group for $1.03 billion in cash
Tuesday June 2, 2015 6:28AM
OM Group has entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo Global Management for $34 per share in cash....

Tobacco makers to pay $12.5 billion in Quebec ruling
Tuesday June 2, 2015 9:32AM
Subsidiaries of British American Tobacco, Philip Morris International, and Japan Tobacco have been ordered to pay around 15.6 billion Canadian dollars ($12.5 billion) in damages after losing a court case in Quebec....

Internet of Things spending to reach $1.7 trillion in 2020
Tuesday June 2, 2015 3:01PM
The Internet of Things (IoT) continues to gain momentum as vendors and enterprises begin to embrace the opportunities this market presents....

AO World total revenue was up 24%
Wednesday June 3, 2015 4:28AM
AO World reported a narrowed full year loss but said the current trading environment in the U.K. remains challenging....

Iraq's oil export in May reaches record level in decades
Wednesday June 3, 2015 10:00AM
Iraq's oil export in May, at 3.145 million barrels per day (bpd), was the highest in decades, the Oil Ministry said....

HGGC and Charlesbank Capital Partners sold Citadel Plastics for $800 million
Wednesday June 3, 2015 1:58PM
HGGC and Charlesbank Capital Partners have completed the sale of Citadel Plastics Holdings, a global provider of thermoplastic and engineered composite compounds, to A. Schulman for $800 million....

Wendy's to buy back $1.4 billion of shares
Thursday June 4, 2015 5:05AM
Wendy's will buy back $1.4 billion of shares, including $211 million from Nelson Peltz's Trian Group, its largest shareholder, in its biggest repurchase program....

Washington Trust Bancorp to buy Halsey Associates with $850+ million AUM
Thursday June 4, 2015 6:15AM
Washington Trust Bancorp, the parent company of The Washington Trust Company, has signed a definitive agreement to acquire Halsey Associates, a SEC-registered investment advisory firm located in New Haven, Connecticut....

Egypt and Eni sign $2 billion offshore exploration agreement
Thursday June 4, 2015 6:32AM
Egypt has signed a $2bn offshore oil exploration deal with Italian oil and gas company Eni....

Five Below Q1 net sales increased by 22%
Thursday June 4, 2015 8:15AM
Five Below announced financial results for the first quarter ended May 2, 2015. Net sales increased by 22% to $153.7 million from $126 million in Q1 2014; comparable store sales increased by 1.7%....

SoftBank to invest $1 billion in Korean e-commerce site Coupang
Thursday June 4, 2015 8:58AM
SoftBank is investing $1 billion in South Korean online retailer Coupang. The move comes two days after SoftBank said it had increased its controlling stake in Supercell, the Finnish mobile games maker best known for Clash of Clans....

Air China's Shenzhen Airlines to buy Boeing aircraft for $4.3bn
Thursday June 4, 2015 12:35PM
Air China announced that its unit Shenzhen Airlines entered into the Aircraft Purchase Agreement with Boeing....

Cardinal Health to buy Harvard Drug Group for $1.12 billion
Friday June 5, 2015 8:25AM
Cardinal Health will buy privately held drug distributor Harvard Drug Group for $1.12 billion to expand its customer base and bolster its generics business....

Millicom to buy Zantel for $1
Friday June 5, 2015 9:45AM
Millicom has signed an agreement to acquire an 85% stake in Zanzibar Telecom (Zantel) from Etisalat Group. Zantel is mobile telecom operator with 2014 gross revenues of $82 million and 1.7 million subscribers in Zanzibar and mainland Tanzania....


What to read next

Billions of benefits, thousands of jobs from new hub airport
Highlights: August 29 - September 2, 2016
Highlights: October 30 - October 1, 2017