Month: July 2011

Canaccord Financial Inc. executes definitive agreement to acquire a 50% equity interest in BGF Equities to form Canaccord BGF PR Newswire TORONTO, July 31, 2011 Strategic expansion into Australia and Hong Kong TORONTO , July 31, 2011 /PRNewswire/ – Canaccord Financial Inc. […]

Cooper Industries plc Update Regarding Laird plc PR Newswire DUBLIN, July 31, 2011 DUBLIN , July 31, 2011 /PRNewswire/ — Subsequent to Laird’s announcement on 28 July which indicated a willingness to make available reasonable specific information to allow Cooper to assess better the fundamental value of the Company, Cooper Industries plc (NYSE: CBE) confirmed its willingness to engage on this basis and to potentially increase its proposed offer from 200 pence per share as indicated to Laird on 27 July and as announced on the same day. However, Laird has indicated to Cooper that unless Cooper was, after reviewing such information, able to propose an offer at 220 pence (ex dividend) or more the Board of Laird would not be prepared to recommend an offer nor to allow confirmatory due diligence and the necessary extension of the UK Takeover Panel’s deadline beyond 5:00pm , Monday 1 August to allow that due diligence and final preparations for a firm offer. Laird required that Cooper agree on this position as a pre-condition to the sharing of any information […]

Gadi Lesin, President & CEO of Strauss Group and Chairman of Strauss Coffee, and Todd Morgan, CEO of Strauss Coffee, Announced Today Another Phase in the Continued Expansion of the Strauss Coffee Business in Russia, With the Acquisition of the Ambassador Brands and Products in CIS – Strauss Coffee B.V. (74.9% owned by Strauss Group, 25.1% owned by TPG Capital) signed an agreement today with Sucafina Group to acquire the “Ambassador” brands of freeze-dried instant coffee and roast and ground coffee products sold in Russia, Ukraine and Moldavia – The transaction totals $10.4 million PR Newswire TEL AVIV, Israel, July 31, 2011 TEL AVIV, Israel , July 31, 2011 /PRNewswire/ — Gadi Lesin , President & CEO of Strauss Group, said today : “The Ambassador transaction is another important step in Strauss Coffee’s expansion in Russia and CIS” Todd Morgan , CEO of Strauss Coffee, said today: “Our acquisition of the Ambassador brand further enhances our competitive position in the Russian and CIS markets, and is another phase in developing our instant coffee bushiness on top of the Le Cafe transaction in Q4 last year. About the Transaction Strauss Coffee B.V […]