Olivetti plans bank financing of $7.28 billion

Article Abstract:

Olivetti SpA announced that it requires bank financing of 6.86 billion euros ($7.28 billion) from its credit lines in order to finance the cash segment of its hostile acquisition of Telecom Italia SpA. Olivetti has not yet ascertained how much needs to be borrowed. Approximately 10.6 billion euros in financing is available. Olivetti's loan was expected to reach 22.5 billion euros.

Comment:

Requires bank financing of 6.86 billion euros ($7.28 billion) from to finance cash segment of acquisition of Telecom Italia

Italy, Office & Computing Machines, Office equipment, Office equipment and supplies industry, Office equipment industry, Olivetti S.p.A.

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Christie's raises commission it charges for big-ticket art

Article Abstract:

Christie's International PLC of the United Kingdom is to raise commission fees for buyers of expensive artworks. The "buyer's premium" is increased to 20 percent on art objects of at least $500,000 with 12 percent of any higher balance. The art auction house sold $4.67 billion of art in 2006, an increase of 36 percent from 2005.

Commodity & service prices, Miscellaneous retail stores, not elsewhere classified, Prices and rates, Auction firms, Christie's International PLC, Commissions (Compensation), Commissions (Fees), Company pricing policy, Financial report

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Brambles plans $926 million buyback

Article Abstract:

Brambles Industri es PLC of the United Kingdom is planning a share buyback that will include 93.9 million shares for $926 million. The financial move is a percursor to a merger of the waste management conglomerates Australian and British interests.

Refuse systems, Refuse disposal industry, Waste management industry, Brambles Industries PLC

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