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$TEX said it will sell its Material Handling and Port Solutions business for about $1.3Bil, which comprised of $820MM in cash and $19.6MM newly issued shares of Konecranes. Upon completion, $TEX will own about 25% of outstanding shares of Konecranes and have right to nominate 2 directors. The deal is expected to close in Jan. 2017.
Late realization to $T that it cannot compete in the unlimited data market with its existing plans! Its newly launched plans seem more reasonable.
Wow, the new $HPE Pro x2 612 G2. Finally, a Surface Tab you can use for business!
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!