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Uber buys rival Careem in $3.1 billion deal to dominate ride-hailing in Middle East

7 hours ago DieselGasoil Comments Off on Uber buys rival Careem in $3.1 billion deal to dominate ride-hailing in Middle East
SAN FRANCISCO (Reuters) – Global ride-hailing firm Uber Technologies Inc will spend $3.1 billion to acquire Middle East rival Careem, buying dominance in a competitive region ahead of a hotly anticipated initial public offering. The Uber Hub is seen in Redondo Beach, California, U.S., March 25, 2019. REUTERS/Lucy Nicholson     Uber said late Monday night Read More

Baytex Mails Information Circular in Connection With Annual and Special Meeting of Shareholders

18 hours ago DieselGasoil Comments Off on Baytex Mails Information Circular in Connection With Annual and Special Meeting of Shareholders
CALGARY, Alberta, March 25, 2019 (GLOBE NEWSWIRE) — Baytex Energy Corp. (TSX, NYSE: BTE) is pleased to announce that it has mailed a notice of meeting and management information circular to its shareholders of record as of March 14, 2019 in connection with its Annual and Special Meeting of shareholders to be held in the Read More

Bayer boss calls Monsanto takeover ‘good idea’ despite mounting lawsuits

23 hours ago DieselGasoil Comments Off on Bayer boss calls Monsanto takeover ‘good idea’ despite mounting lawsuits
The CEO of German chemical giant Bayer, Werner Baumann, has defended the multibillion-dollar takeover of Monsanto despite the huge legal costs that are piling up over the firm’s Roundup weed killer. “The Monsanto acquisition was and is a good idea,” Baumann told Frankfurter Allgemeine when asked if he would change his mind about buying the Read More

Autonomy founder Lynch inflated sales before HP deal, court told

1 day ago DieselGasoil Comments Off on Autonomy founder Lynch inflated sales before HP deal, court told
LONDON (Reuters) – British entrepreneur Mike Lynch artificially inflated revenue at his Autonomy software company before selling it to Hewlett Packard for $11 billion, the U.S. firm’s lawyer told a London court on Monday. FILE PHOTO: Mike Lynch, founder of Autonomy, poses for photographers at an awards ceremony in central London March 13, 2008. REUTERS/Toby Read More

Exclusive: Telecom equipment provider Avaya considers leveraged buyout – sources

2 days ago DieselGasoil Comments Off on Exclusive: Telecom equipment provider Avaya considers leveraged buyout – sources
(Reuters) – Telecommunications equipment and software vendor Avaya Holdings Corp is considering a leveraged buyout offer from a private equity firm that values it at more than $5 billion, including debt, people familiar with the matter said on Sunday. The sign at Avaya Inc. offices and lab in Westminster, Colorado is seen January 23, 2007. Read More

Apple gets ready for life after the iPhone with services push

2 days ago DieselGasoil Comments Off on Apple gets ready for life after the iPhone with services push
On Monday, Apple will do something it has never done when making a product announcement — focus largely on other companies, not itself. Apple is expected to launch two services on March 25, including its rumored video streaming service, at an event in Cupertino, Calif. that will be attended by Hollywood celebrities such as JJ Abrams Read More

EMGS receives Letter of Intent

3 days ago DieselGasoil Comments Off on EMGS receives Letter of Intent
Electromagnetic Geoservices ASA (“EMGS” or the “Company”) has today received a letter of intent for a fully pre-funded multi-client survey in the Norwegian Barents Sea. The total value of the letter of intent is approximately USD 2.5 million. The Company will mobilise the vessel Atlantic Guardian to carry out the survey, and expects to complete Read More

Tenaris to acquire IPSCO Tubulars from TMK $1.2 billion

4 days ago DieselGasoil Comments Off on Tenaris to acquire IPSCO Tubulars from TMK $1.2 billion
3/22/2019 LUXEMBOURG — Tenaris S.A. has announced that it has entered into a definitive agreement to acquire from PAO TMK, a Russian company and manufacturer of steel pipe, 100% of the shares of its wholly owned U.S. subsidiary IPSCO Tubulars, Inc., for $1,209 million, on a cash-free, debt-free basis, which includes $270 million of working Read More