News: Anite PLC (AIE.L)

AIE.L on London Stock Exchange

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Fri, Oct 3 2014

BRIEF-Anite buys Xceed Technologies for $30 mln

* Acquisition of Xceed Technologies Inc for consideration of $30 million paid in cash upon closing on a cash free/debt free basis from anite's existing cash resources

UPDATE 2-Anite profit hit by weak handset-testing demand; sees recovery

* Current trading ahead of last year in the first two months - CEO

Anite profit halves on weak handset-testing demand

July 2 - Anite Plc, which tests handset and telecom networks, said adjusted full-year pretax profit fell about 50 percent, hurt by weakened revenue at its core handset-testing business.

BRIEF-Anite FY pretax profit falls to 15 mln stg

* Revenue from continuing operations 109.2 mln stg(2013: 113.1 mln stg)

Deals of the day- Mergers and acquisitions

(Adds Citigroup, Yes Bank, Anite, Siemens, Reliance Industries; updates Tyson, Banca Popolare, Deutsche Telekom)

Anite sells travel reservation business for 45 million pounds

- Anite Plc, which tests handset and telecom networks, said it had sold its travel reservation software business to the private equity arm of Lloyds Banking Group Plc to focus on its wireless business.

UPDATE 1-Anite sells travel reservation business for 45 mln stg

(Adds analyst comments, details about deal, share movement)

Anite sells travel reservation business for 45 million pounds

- Anite Plc, which tests handset and telecom networks, said it sold its travel reservation software business to the private equity arm of Lloyds Banking Group Plc.

Anite sells travel reservation business for 45 mln stg

May 29 - Anite Plc, which tests handset and telecom networks, said it sold its travel reservation software business to the private equity arm of Lloyds Banking Group Plc.

BRIEF-Anite sells travel business for 45 mln stg

* Consideration is subject to customary completion adjustments and £1.7m will be held in escrow at completion Source text for Eikon: Further company coverage:

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