KUALA LUMPUR: Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines, has successfully concluded a meeting with creditors as part of its comprehensive restructuring plan.
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Renesas and Dialog Semiconductor to Join Forces to Advance Global Leadership in Embedded Solutions
February 8, 2021 GMT
TOKYO & LONDON (BUSINESS WIRE) Feb 8, 2021
Renesas Electronics Corporation (“Renesas”, TSE: 6723), a supplier of advanced semiconductor solutions, and Dialog Semiconductor Plc (“Dialog”, XETRA:DLG ), a provider of power management, charging, AC/DC power conversion, Wi-Fi and Bluetooth® low energy (BLE) technology, today announced they have reached an agreement on the terms of a recommended all-cash acquisition by Renesas of the entire issued and to be issued share capital of Dialog (the “Acquisition”) for EUR 67.50 per share, representing a total equity value of approximately EUR 4.9 billion (approximately 615.7 billion yen).
2 months ago
Key Transaction Highlights:
Acquisition of Dialog’s low-power technologies and connectivity expertise centered around its mixed-signal integrated circuits (ICs) adds complementary product lines, strengthening Renesas’ global footprint across large, high-growth markets in the IoT, industrial and automotive fields,
Expected to result in incremental revenue growth of approximately 200 million USD (non-GAAP operating income, approximately 21.0 billion yen) from cross selling and access to fast-growing industries alongside continued innovation of solution offerings; expects cost savings from operational efficiencies to result in a financial impact of approximately 125 million USD (non-GAAP operating income per year on a run rate basis, approximately 13.1 billion yen),
MONDI PLC - Directorate Change
Registered number: 6209386
JSE share code: MNP
Retirement of Stephen Harris
Mondi Group announces that Stephen Harris, Mondi s Senior Independent Director, has informed the Board of his decision to retire. Stephen will step down from the Board of Mondi plc at the conclusion of the Annual General Meeting on 6 May 2021.
Mondi s Chair, Philip Yea, commented: I would like to take the opportunity, on behalf of the Mondi Board, to thank Stephen for his significant contribution to Mondi since his appointment in 2011. Stephen has played a key role in his nine years on the Board, initially as a non-executive director and chair of the Sustainable Development Committee, and latterly as Senior Independent Director. His extensive experience in engineering and manufacturing and his CEO background have provided valuable insight to the Board during his tenure. We wish him all the best for the future.
Group net fees for the full year declined 8% YoY , demonstrating resilience against COVID-19 s impact and the continued recovery of the underlying business in H2.
Full year adjusted profit before tax of £30.1 million (2019: £59.1 million).
Significant sequential improvement of underlying Group performance in the second half.
Contractor order book stabilised
Productivity per head up 4% in H2 YoY
Continued market share gains in the USA, Germany, the Netherlands and the UK despite disruption, in line with 2024 strategic ambitions.
Contract net fees demonstrating resilience, down 7% . Contract represents 76% of Group net fees (2019: 74%) in line with strategic focus.
Permanent net fees also showing resilience, down 13% .