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Bharti Airtel will take over about $150 million debt of the ISP as part of the agreement, said Bajpai. Rajesh Tiwari, one of the co-founders of Tikona who left the company in 2009, however sought to put a spanner in the deal, filing a legal notice against both the companies for not providing details of how the proceeds will be split among shareholders. Tiwari, who owns just over 1% in Tikona, had said the deal should not go ahead until there’s clarity about his entitlements and his interests were protected. The current business and assets of Tikona Digital Networks, other than the 4G business and the spectrum, will be moved to Tikona Infinet Limited (TIL), which will become an integrated data services operator to the home, enterprise and public WiFi markets or customer segments in India. Bajpai said that Tikona Infinet will continue to provide wireless broadband services which were earlier offered by Tikona Digital in India’s top 25 cities and grow them further.
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This wasnt the first time Jones has walked back earlier coverage of Pizzagate, which at times became rather graphic. In a segment last year in which he talked about Pizzagate, Jones asserted , “Hillary Clinton has personally murdered children.” Jones said Alefantis had reached out to Infowars asking to retract certain statements, and that videos and radio segments in which Pizzagate was mentioned were taken down even before that. “If Mr. Alefantis has other objections, we invite him to let us know,” Jones said, inviting Alefantis to appear on his program. “In issuing this statement, we are not admitting that Mr. Alefantis, or his restaurant, have any legal claim. We do not believe they do,” Jones said. “But we are issuing this statement because we think it is the right thing to do. It will be no surprise to you that we will fight for children across America.
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"We need effective competition in this sector so companies are pushed to develop products that are ever safer for people and better for the environment," European Competition Commissioner Margrethe Vestager said in a statement. "Our decision today ensures that the merger between Dow and DuPont does not reduce price competition for existing pesticides or innovation for safer and better products in the future." The merger is expected to achieve cost savings of US$3bn. Dow said the deal also had the potential for US$1bn in growth synergies. "Longer term, the intended three-way split is expected to unlock even greater value for shareholders and customers and more opportunity for employees as each company will be a leader in attractive segments where global challenges are driving demand for their distinctive offerings," the company added. Merger and acquisition activity elsewhere in the sector has been rumoured.
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This is in sync with our declared policy of focusing on these markets to create enhanced value for all our stakeholders including investors." PKC has over 20 manufacturing facilities across Russia, Lithuania, Serbia, Poland, Estonia, Finland, China, United States, Brazil and Mexico."The wiring harness business registered revenues of around €800-900 million in the last financial year. The turnover from this segment will more than double post the completion of this acquisition," said MSSL's chief financial officer GN Gauba. As per preliminary estimates PKC Group clocked revenue of €846 million in 2016. The combination of MSSL and PKC Group is expected to be value accretive since there is minimal overlap between their existing operations in terms of geographical presence and synergies in product segments. This is the 16th acquisition by MSSL since 2002.