Sons And Daughters Of BBCMF , Wi-Fi Technology

[mick]

NDS Group: News Corporation, Permira and NDS announce signing of agreement to take NDS private (NNDS) 60.50 : News Corporation (NWS), two newly incorporated subsidiaries of funds advised by Permira Advisers and NNDS announce that they have signed an agreement pursuant to which NWS and the Permira Newcos would acquire all issued and outstanding NNDS Series A ordinary shares, including those represented by ADS traded on NASDAQ, for the previously announced per share consideration of $63 in cash. The consummation of the transaction would result in NNDS ceasing to be a public company, and the Permira Newcos and NWS owning approximately 51% and 49% of NNDS, respectively. Approximately 67% of the NNDS Series B ordinary shares held by NWS would be cancelled in exchange for $63 per share in a mix of cash of approximately $1.52 billion and a $242 million vendor note. The independent committee of the board of directors of NNDS has approved the agreement and will recommend to the holders of the NNDS Series A ordinary shares that they vote in favor of the scheme of arrangement implementing the transaction. The independent committee has received an opinion from Citi that the per share consideration of $63 in cash is fair, from a financial point of view, to holders of the NNDS Series A ordinary shares, including those in the form of American Depositary Shares.


http://finance.yahoo.com/marketupdate/inplay