Océ announces that Hermes and Universities Superannuation Scheme have filed a request with the Enterprise Chamber of the Court of Appeals in Amsterdam for an investigation with respect to the negotiations between Canon and Océ about the tender offer for Océ shares and subsequent events.
St Ives Web, the magazine printing division of St Ives plc, has won the contract to print the Financial Times magazine, ‘How To Spend It’. The new contract, along with several others to be announced later this year, indicates that the company is in a strong position for positive business development throughout 2010.
News Corporation today announced that it has reached an agreement to buy a 9.09 per cent stake in Rotana Group, the Middle East media group. Under the terms of the agreement, News Corporation will acquire newly-issued shares in Rotana for $70 million. The company has an option to increase its stake to 18.18 per cent in the 18 months following completion.
It will be held from the 22nd to the 26th March next year in the Fira Barcelona’s Gran Via exhibition centre
Open Text Corporation (NASDAQ:OTEX) (TSX: OTC), the preeminent provider of Enterprise Content Management (ECM) capabilities, and Nstein Technologies Inc. (TSX-V: EIN), a leader in digital content management solutions for information-rich organizations, today announced that they have entered into a definitive agreement by which Open Text will acquire all of the issued and outstanding common shares of Nstein through an Nstein shareholder-approved amalgamation with a subsidiary of Open Text under the Companies Act (Quebec).
The Reader’s Digest Association, Inc. (“RDA”) announced today that it has successfully completed its financial restructuring and has emerged from pre-arranged Chapter 11 well capitalized, having reduced its debt by 75 percent and lowered its gross operating leverage from 17.5x to 3.2x.
Press-sense announced today the appointment of Amir Shaked, President of Press-sense Americas for the past two years, to the position of CEO of Press-sense. The managerial changes are effective immediately.
