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14/08/2001
Golden Vale takeover gets go ahead
The Kerry Group has been successful in its bid to take over Munster-based Golden Vale.
After an initial extended deadline, the Kerry Group’s offer became unconditional on Monday after receiving a valid acceptance from 82.6 per cent of shareholders.
As an agri-food business, Golden Vale employs 700 people in Northern Ireland through its subsidiaries, Golden Cow in Portadown; Derry Produce Packers in Coleraine; Saint Brendan’s in Londonderry; and Leckpatrick in Omagh and Artigarvan. The company also recently opened Rye Valley Foods in Enniskillen and expanded a processed cheese facility in Coleraine.
The Kerry Group is ranked as the tenth largest company in Ireland with earnings up over 90 per cent per annum since taking on public liability status 15 years ago.
Although 72 per cent of shareholders backed the original proposal on August 2, an 80 per cent acceptance target was needed before the deal was able to proceed. (MB)
After an initial extended deadline, the Kerry Group’s offer became unconditional on Monday after receiving a valid acceptance from 82.6 per cent of shareholders.
As an agri-food business, Golden Vale employs 700 people in Northern Ireland through its subsidiaries, Golden Cow in Portadown; Derry Produce Packers in Coleraine; Saint Brendan’s in Londonderry; and Leckpatrick in Omagh and Artigarvan. The company also recently opened Rye Valley Foods in Enniskillen and expanded a processed cheese facility in Coleraine.
The Kerry Group is ranked as the tenth largest company in Ireland with earnings up over 90 per cent per annum since taking on public liability status 15 years ago.
Although 72 per cent of shareholders backed the original proposal on August 2, an 80 per cent acceptance target was needed before the deal was able to proceed. (MB)
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15 March 2002
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London remains the world's most expensive city to rent office space, with average annual occupancy costs of around £1,072 per square metre. International property consultants Healey & Baker looked at 45 countries around the world, analysing the total costs of occupying office space in 100 locations.
11 October 2001
Motorola cuts a further 7,000 jobs
Mobile phone maker Motorola is set to axe a further 7,000 jobs worldwide bringing the company’s total job cuts to 39,000 since the start of the year. Motorola chief Robert Growney revealed that around 4,000 of the latest losses were associated with sold businesses, with a further 3,000 earmarked for loss through cuts and attrition.
Motorola cuts a further 7,000 jobs
Mobile phone maker Motorola is set to axe a further 7,000 jobs worldwide bringing the company’s total job cuts to 39,000 since the start of the year. Motorola chief Robert Growney revealed that around 4,000 of the latest losses were associated with sold businesses, with a further 3,000 earmarked for loss through cuts and attrition.
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Top Consignia directors decline 10 per cent pay hike
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21 February 2002
Oftel urges BT to cut internet costs
Telecommunications regulator Oftel has recommended that BT slash their costs for unmetered Internet access. Oftel wants BT to cut the amount it charges Internet service providers to use their existing telephone network by seven per cent.
Oftel urges BT to cut internet costs
Telecommunications regulator Oftel has recommended that BT slash their costs for unmetered Internet access. Oftel wants BT to cut the amount it charges Internet service providers to use their existing telephone network by seven per cent.
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
