Office Equipment

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R&I affirms KONICA MINOLTA, INC.'s rating at "A" and announces stable outlook

Thursday, 3 Jul 2014 02:00am EDT

KONICA MINOLTA, INC:Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A".Rating outlook stable.

PSI Group ASA acquires 100 pct in New Vision Baltija UAB from NV Invest UAB

Wednesday, 2 Jul 2014 05:34pm EDT

PSI Group ASA:Acquires 100 pct of the shares in New Vision Baltija UAB from NV Invest UAB, which is owned by the founder and CEO and managers in New Vision Baltija UAB.New Vision Baltija operated within Retail Solutions in Lithuania, Latvia and Estonia, and is headquartered in Vilnius, Lithuania and also has subsidiaries in Finland and Russia.New Vision Baltija UAB will become a fully owned subsidiary of PSI Group ASA from July 2.The consideration for the shares is based on an earn-out model of 5 x EBITDA in 2014 x 51 per cent, plus 5 x EBITDA in 2015 x 49 per cent. The purchase price will be adjusted for net interest bearing debt as of Dec. 31.An upfront payment of 1,840,000 euros in cash and 277,854 PSI shares equivalent to 200,000 euros based on the volume weighted average share price of the last 30 trading days, transferred at closing on July 11.Says the parties have also agreed that the seller makes an additional investment by acquiring 277,854 shares in PSI on the same terms.Says all shares will be allocated from PSI Group's own holding.Says one third of the total settlement will be in shares in PSI Group ASA, and the remaining consideration in cash.The cash amount will be financed with a credit facility.

R&I affirms Glory Ltd's rating at "A" and announces stable outlook

Friday, 27 Jun 2014 02:00am EDT

Glory Ltd:Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A".Rating outlook stable.

Fiducial Office Solutions closes Saciprint; comments on FY 2013/2014 financial guidance

Friday, 20 Jun 2014 12:00pm EDT

Fiducial Office Solutions SA:Says it is closing Saciprint printing operations.Sees FY 2013/2014 revenue of close to 200 million euros.Says FY 2013/2014 operating result will be affected by closure of Saciprint.

Pricer AB appoints Jonas Vestin chief executive

Monday, 9 Jun 2014 08:00pm EDT

Pricer AB:Says Jonas Vestin will take office as chief executive at Pricer as of Aug. 14.

Mutoh Holdings and TCS HOLDINGS to set up joint venture

Monday, 9 Jun 2014 02:00am EDT

Mutoh Holdings Co Ltd:To set up a joint venture with TCS HOLDINGS CO., LTD. in Tokyo, on June 10.Joint venture will be engaged in three-dimensional (3D) print sealing machine and image machine business.The company will hold 60 pct stake and TCS HOLDINGS will hold 40 pct stake in the joint venture.

FEI Co increases cash dividend by 108pct

Thursday, 5 Jun 2014 06:01am EDT

FEI Co:Says increase in quarterly cash dividends to shareholders from $0.12 to $0.25 per share.Payable on July 22 to all shareholders of record as of the close of business on July 9.

FEI Company gives long term revenue guidance - Conference Call

Tuesday, 3 Jun 2014 06:35pm EDT

FEI Company:Targets long-term revenue growth of 12pct overall.FY 2014 revenue of $1.0 billion - Thomson Reuters I/B/E/S.FY 2015 revenue of $1.1 billion - Thomson Reuters I/B/E/S.FY 2016 revenue of $1.2 billion - Thomson Reuters I/B/E/S.


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