In late September 2008, M-real announced the sale of its Graphic Papers business to the South African Sappi Limited for EUR 750 million.
The application regarding the voluntary public takeover offer of Kyocera Mita Corporation (President: Katsumi Komaguchi), a wholly owned subsidiary of Kyocera Corporation (President: Makoto Kawamura), to the shareholders of TA Triumph-Adler AG (Spokesman: Robert Feldmeier), a German distributor of information devices, has officially been approved by the German Financial Supervisory Authority (BaFin) on December 15, 2008. The voluntary public takeover offer will start on December 16, 2008.
Metso has concluded the employee negotiations on temporary lay-offs of personnel commenced on November 4 regarding all personnel at the boiler workshop in Tampere, Finland.
American Media, Inc. (“AMI”) announced today that its subsidiary American Media Operations, Inc. (“AMOI” and, together with AMI, the “Company”) has extended the expiration date for and amended its previously announced cash tender offers (the “Tender Offers”) and consent solicitations (the “Consent Solicitations”) in respect of an aggregate of approximately $570 million of its outstanding senior subordinated notes (the “Existing Notes”), consisting of (1) $400,000,000 aggregate principal amount of 10-1/4% Series B Senior Subordinated Notes due 2009 (CUSIP No. 02744RAH0) and $14,544,000 aggregate principal amount of 10-1/4% Series B Senior Subordinated Notes due 2009 (CUSIP No. 02744RAM9) (collectively, the “2009 Notes”) and (2) $150,000,000 aggregate principal amount of 8-7/8% Senior Subordinated Notes due 2011 (CUSIP No. 02744RAK3) and $5,454,000 aggregate principal amount of 8-7/8% Senior Subordinated Notes due 2011 (CUSIP No. 02744RAP2) (collectively, the “2011 Notes”).
Autodesk, Inc. (Nasdaq: ADSK), a world leader in design innovation technologies, announced today that it has signed a definitive agreement to acquire ALGOR, Inc., a leading provider of analysis and simulation software, for approximately $34 million.
– 4Q 2008 EPS guidance is now $(.18)-(.03) – 4Q 2008 adjusted EPS guidance is $.00-.15 (Continuing Operations, excluding non-recurring items) – Full year 2008 EPS guidance is $.55-.70; adjusted EPS guidance is $.85-1.00 – 2009 cash flow from operations expected to adequately fund both capex and dividends
SP Newsprint Co., LLC announced today that it will take market related downtime at its two paper mills in the first quarter of 2009. The planned shut-downs will result in approximately 25,000 metric tons of reduced newsprint production.
