Press Releases for Middle East
Teva Sends Letter to Mylan Board
Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) today announced that it has sent a letter to Robert J. Coury, Executive Chairman of the Board of Directors of Mylan N.V. (NASDAQ: MYL). The full text of the letter reads as follows:
Teva Reiterates Commitment to Cash-and-Stock Acquisition of Mylan for $82.00 Per Share
Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) today reiterated its commitment to its proposed combination with Mylan N.V. (NASDAQ: MYL). As previously announced on April 21, 2015, Teva has proposed to acquire Mylan for $82.00 per share, with the consideration to be comprised of approximately 50 percent cash and 50 percent stock. Teva’s proposal for Mylan implies a total equity value of approximately $43 billion.
Teva Files for Hart-Scott-Rodino Notification Regarding Proposed Acquisition of Mylan
Teva Pharmaceutical Industries Ltd. (NYSE:TEVA) (TASE:TEVA) today announced that it has filed for premerger notification under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR) with the U.S. Department of Justice Antitrust Division and the Federal Trade Commission regarding its proposed acquisition of Mylan N.V. (NASDAQ: MYL). As announced on April 21, 2015, Teva proposed to acquire Mylan for $82.00 per Mylan share, with the consideration to be comprised of approximately 50 percent cash and 50 percent stock. Teva’s proposal for Mylan implies a total equity value of approximately $43 billion and an enterprise value of approximately $50 billion.
Teva Proposes to Acquire Mylan for $82.00 Per Share in Cash and Stock
Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) today announced a proposal to acquire all of the outstanding shares of Mylan N.V. (NASDAQ: MYL) in a transaction valued at $82.00 per Mylan share, with the consideration to be comprised of approximately 50 percent cash and 50 percent stock. The Teva cash and stock proposal provides Mylan stockholders with a substantial premium and immediate cash value, as well as significant potential for future value creation through participation in a financially and commercially stronger company.
AKOYA Oxygen Golfing Community Offers 20% Higher Investment Values
Luxury real estate developer DAMAC Properties has revealed more details within AKOYA Oxygen, making it one of the most progressive family lifestyle communities in Dubai.
Everything is Awesome! Merlin Entertainments Announces New 4D Film Based On The LEGO® Movie™ From Warner Bros. to Launch Exclusively To LEGOLAND® Parks And LEGOLAND® Discovery Centers Worldwide
Merlin Entertainments announced today it is partnering with Warner Bros. Consumer Products and The LEGO Group to bring a new 4D animated film based on the popular characters of The LEGO® Movie™, from Warner Bros. Pictures, Village Roadshow Pictures and LEGO System A/S, to guests at LEGOLAND® Parks and LEGOLAND® Discovery Centers around the world later this year. The new 4D animated film will open exclusively at the six LEGOLAND Parks and 11 LEGOLAND Discovery Centers in North America, Asia and Europe.
MKU Introduces New Breakthrough Trauma Reduction Technology for Helmets at IDEX 2015
MKU, a leading manufacturer of armour solutions for personnel and platforms, is showcasing the pathbreaking new RHT Technology for helmets that offers Double Protection to soldiers. It protects soldiers from bullets and fragments, reducing the resultant trauma occurring from the impact of bullets and fragments on the helmet shell by over 40% (as compared to standard helmets) according to tests conducted by HP White Laboratory, USA.
Warid Telecom First to Offer Businesses and Consumers in Pakistan 4G Small Cell Systems To Deliver Reliable Mobile Coverage and Capacity
SpiderCloud Wireless, Inc., the leading provider of scalable small cell systems, today announced that Warid Telecom, a 4G mobile operator in Pakistan, has started deployments of scalable small cell systems from SpiderCloud Wireless, with Emtel Communications as the system integrator, to empower business and consumer customers in major cities of Pakistan with reliable indoor and public space 4G mobile coverage and capacity.
Nedaa and Hytera Provide World-Class TETRA Radios for Dubai Tour 2015
Professional Communication Corporation – Nedaa, the sole and largest TETRA operator in Dubai proudly teamed up with Hytera Communications, a world’s leading Professional Mobile Radio communications solution provider, which offered reliable and smooth communications support to the grand cycling event Dubai Tour 2015, which kicked off on Feb. 4th and is to complete on Feb. 7th.
Western Union Expands Its Presence with UAE Exchange in Europe
The Western Union Company (NYSE: WU), a global leader in payment services expanded its global relationship with UAE Exchange, an international money transfer retailer, from North Africa and Middle East to securing retail presence in 16 major city centres in the United Kingdom, Ireland, Germany & Netherlands.
Arecont Vision® Showing MegaView® 2 IP Megapixel Bullet Cameras With New Features and Functions at Intersec
Arecont Vision®, the industry leader in IP megapixel camera technology, has added a number of significant features to the company’s popular MegaView® 2 true day/night bullet style megapixel cameras.
DAMAC Properties’ Dubai Shopping Festival Car Promotion Back with Mercedes-Benz & Aston Martin
Luxury real estate developer DAMAC Properties is offering new buyers of its villas or apartments the opportunity to live a James Bond lifestyle, with an exclusive offer during the Dubai Shopping Festival.
Arch Reinsurance Ltd. Announces Strategic Support Measures for Its Gulf Re Joint Venture
Arch Reinsurance Ltd. (Arch) announced today a number of strategic initiatives to provide additional support to Gulf Reinsurance Ltd. (Gulf Re), a specialty reinsurer based in the Dubai International Financial Centre (DIFC) founded jointly by Arch and Gulf Investment Corporation (GIC) in 2008. Arch has agreed in principle to acquire complete ownership of Gulf Re, subject to approval by the Dubai Financial Services Authority. To further support Gulf Re’s business in advance of the January 1 renewal season, Arch is also entering into an uncapped 90% whole account quota share retrocession arrangement of Gulf Re’s net liabilities and a loss portfolio transfer of all of Gulf Re’s existing business, effective as of October 1, 2014. With these new agreements being implemented, Arch will cancel its existing stop loss agreement with Gulf Re.
enVista Opens EMEA Office, Expands Global Transportation Services Footprint
enVista, a leading supply chain consulting and IT services provider, announced today that it has opened an office in Ellesmere Port, Cheshire, United Kingdom that will serve as its EMEA (Europe, Middle East and Africa) headquarters. enVista has long provided industry-leading transportation spend management solutions to its North American-based clients with global shipping operations. This expansion, coupled with enVista’s existing office in India, enables enVista to better respond to demand for carrier invoice audit and payment services globally and provides enVista’s client base with support at the local and regional levels within EMEA.
MIRAGE by mobli: A Whole New Way to Communicate in Just a Tap
mobli (www.mobli.com), the leading social platform for sharing photos, videos and live broadcasting, announced today the release of MIRAGE, a brand new stand-alone camera messaging app that gives users the easiest way to message each other through photos and videos that last for just a moment.
Greif to Close Flexible Products Plant in Saudi Arabia
Greif (NYSE: GEF, GEF.B), a world leader in industrial packaging products and services, announced today that it will cease operations at its Flexible Products & Services (FPS) plant in the Kingdom of Saudi Arabia by August 31 and reallocate equipment to other Greif FPS facilities.
American Express Enters into Agreement to Create Joint Venture for Business Travel
American Express Company (NYSE:AXP) today announced that it has signed an agreement to create a joint venture for its Global Business Travel division (“GBT”). Under the agreement, American Express will share ownership of the joint venture with an investor group led by Certares. In the proposed transaction, American Express will separate its GBT operations into a dedicated holding structure, which will include certain assets and liabilities that currently comprise GBT, and will have a 50% ownership stake in the joint venture following the closing. In exchange for an investment of $900 million in the joint venture, the investor group will hold the remaining 50%. American Express initially announced its intention to pursue this joint venture transaction in September 2013.
Dole Fresh Fruit Europe and Matanuska Africa Limited Establish Commercial Partnership
Dole Fresh Fruit Europe is announcing it has reached a long term commercial partnership with Matanuska Africa Limited by which Dole will assume all sales operations and become the sole distributor of Matanuska’s Mozambique banana production in the Middle East, Europe and Africa. In addition Dole will assist Matanuska logistically and supply technical support in its farming operations.
Atlantis, The Palm Hosts Front Row Seats to the Largest Fireworks Display Ever, Breaking the World Record!
Dubai has broken the world record for the biggest fireworks display ever with Atlantis, The Palm hosting front row seats to the greatest celebration on earth! Bigger and brighter than the previous world record held by Kuwait for the 50th anniversary of it’s constitution, thousands of guests at Atlantis, experienced a part of history last night, watching the spectacular fireworks extravaganza from Dubai’s leading entertainment resort.
Mobli Announces a Strategic Investment by América Móvil
Mobli (www.mobli.com) the social-mobile photo and video-sharing multi-platform, today announced that América Móvil (NYSE: AMX), the leading provider of integrated telecommunications services in the Americas has made a strategic investment in Mobli as part of Mobli’s $60 Million Funding Round and has reached a business collaboration arrangement to introduce Mobli’s innovative products to América Móvil’s mobile users.
WFP Launches E-Cards for Syrian Refugees in Lebanon with MasterCard’s Support
As part of its massive humanitarian response to the Syrian crisis, the United Nations World Food Programme (WFP) is rolling out an innovative electronic voucher programme in Lebanon that will allow hundreds of thousands of Syrian refugees to meet their food needs and help boost the local economy.
MasterCard Announces Two New Retailer Partnerships in Support of the World Food Programme and the Fight against Global Hunger
MasterCard, http://newsroom.mastercard.com/ (NYSE:MA) today announced that major Middle Eastern retailer Lulu Hypermarket and Auchan Italy have become the latest partners in MasterCard’s campaign in support of fundraising efforts for the United Nations World Food Programme (WFP). Through these fundraising campaigns, MasterCard is leveraging its network, tools and marketing expertise to enable brands and consumers to connect and engage with the issue of hunger worldwide. The campaign simplifies the donation process and provides retailers and consumers more options in how to donate to WFP.
Panduit Named a Major Player in IDC MarketScape: Worldwide Datacenter Infrastructure Management 2013 Vendor Analysis
Panduit Corp., provider of the SmartZoneTM Solutions that bring together a range of software, intelligent appliances, gateways, and services, has recently been named a Major Player in the IDC MarketScape: Worldwide Datacenter Infrastructure Management 2013 Vendor Analysis (doc #241280, May 2013).
Jon W. Harvey and F. Robert Pargac Join Navigant’s Global Investigations and Compliance Practice
Navigant (NYSE: NCI) announced today that Jon W. Harvey and F. Robert Pargac have joined Navigant’s Global Investigations and Compliance Practice. Harvey is a Managing Director and the leader for the Europe, Middle East and Africa (EMEA) region for the practice and is located in Navigant’s London office. Pargac is a Director in the New York office.
Dubai Summer Surprises 2013 Makes Dubai the Center of Summer Celebrations in the Region
With events and activities to keep visitors to Dubai enthralled with fun, amusement and edutainment, Dubai’s annual summer extravaganza has got off to a rousing start with hundreds of thousands of visitors arriving in the emirate in the first two weeks of the Dubai Summer Surprises, which also flagged off the wider “Summer is Dubai” campaign on 7th June.
Rimini Street Appoints Industry Veteran Jill Harrison to Lead EMEA Expansion
Rimini Street, Inc., the leading third-party maintenance and support provider for enterprise software, including SAP AG’s (NYSE:SAP) Business Suite and BusinessObjects software and Oracle Corporation’s (NASDAQ: ORCL) Siebel, PeopleSoft, JD Edwards, E-Business Suite, Oracle Database and Hyperion software
Panduit Introduces SmartZone™ Intelligent Infrastructure Management
Panduit Corp., a global leader in Unified Physical InfrastructureSM (UPI)–based solutions, announces SmartZone™ Solutions for physical infrastructure management, which bring together Panduit intelligent appliances, gateways, software and services for the data center and enterprise to deliver optimized monitoring and analysis of environmental and energy data at a zone level critical to your business requirements.
Rimini Street Doubles New Client Sales in EMEA
Rimini Street, Inc., the leading third-party maintenance and support provider for enterprise software, including SAP AG (NYSE:SAP) software and Oracle Corporation’s (NASDAQ: ORCL) Siebel, PeopleSoft, JD Edwards, E-Business Suite, Oracle Database and Hyperion software, today announced that in fiscal year 2012 it more than doubled new sales in EMEA, with 117 percent year-over-year growth in new client invoicing; achieved more than $42 million in new EMEA sales bookings, a 175-percent year-over-year increase; and nearly doubled the total number of clients in EMEA. The Company also announced its expansion and additional investment in EMEA to meet continued growing demand for its SAP and Oracle support services.
Monopoly Fans Worldwide Decide Cat Token Will Make Purr-Fect Addition to Classic Game
The next MONOPOLY game token to ‘Pass GO!’ and collect $200 will be…the cat! After a month of voting on Facebook, and an overwhelming response from fans and organizations from 185 countries around the world, the cat has been chosen and will become the newest addition to the classic game from Hasbro (NASDAQ: HAS). The cat was able to scratch past the toy robot, guitar, helicopter, and diamond ring in the MONOPOLY “Save Your Token” campaign by receiving 31 percent of the fan vote.
Hilton Honors Rewards ‘Planning Ahead’ with Minibreaks Promotion
Winter and springtime weather can leave people in need of a weekend getaway. This season, Hilton HHonors, the loyalty program for Hilton Worldwide’s 10 distinct hotel brands, is rewarding travellers who book their getaways in advance with its Minibreaks promotion.