CANBERRA, Australia — Shareholders on Monday gave final approval to the merger of television network Nine Entertainment and newspaper publisher Fairfax Media into an Australian media giant to be known only as Nine despite one shareholder’s late bid to stop the deal.Antony Catalano, a former chief executive of the online real estate listings portal Domain Group which is majority-owned by Fairfax, said he will ask the Federal Court on Nov. 27 to stop the merger.Catalano, who owns shares in both Domain and Fairfax, wrote to Fairfax chairman Nick Falloon late Sunday offering to buy 19.9 per cent of Fairfax and asking for Monday’s Fairfax shareholders meeting to be delayed.The Fairfax board said in a statement on Monday that it remained unanimously behind the merger with Nine.“The letter contains no actual proposal that could be considered by Fairfax shareholders as an alternative to the proposed scheme of arrangement with Nine Entertainment,” the statement said.The merger was supported by 81.5 per cent of Fairfax shareholders representing 88.6 per cent of shares. The deal had needed the support of at least 60 per cent of shareholders representing at least 70 per cent of shares.Falloon said that subject to court approval, the merger would occur on Dec. 7 and the new entity would begin trading on the Australian share market on Dec. 10.The merger would give Nine shareholders 51.1 per cent of the combined entity and make Nine chief executive Hugh Marks leader of the new company.Fairfax shareholders would own the remaining 48.9 per cent of the company, which will become Australia’s largest media player. The Fairfax family name which has been part of the Australian media landscape for 177 years appears set to disappear.Rod McGuirk, The Associated Press
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zoom Tuco Marine Group (Tuco) has developed a new series of vessels consisting of 16 boat models designed especially for the most critical and tough working conditions at sea.With the development of the new ProZero series Tuco has focused on innovation and on minimizing the weight of the vessels in the three segments: “Search and Rescue”, “Military and Police” and “Workboats”. Tuco expects that the average weight of these types of boats can be reduced by 30 percent.The core idea of the ProZero series is to create a product that will be competitive not only when it comes to the weight, but also on parameters like delivery time and customization according to customer demands.“The module based design makes it possible for us to give our customers a product that can be customized according to their needs and with a relatively short delivery time compared to the market average,” said Jonas Pedersen, the Managing Director at Tuco.The low weight of the ProZero series will cause a significant reduction in fuel consumption which will again make the emission of both CO2 and NoX lower.At the same time the vessels will have a longer range and will be able to travel further distances.Furthermore the ProZero series has been optimized for lifts with davits and other types of cranes. According to international standards, large motherships are required to have rescue vessels on board.The davits and cranes necessary for lifting the rescue vessels can be bought in a smaller rendition which reduces both the costs and the weight of the motherships. Another alternative is to choose a larger Daughter Craft.All the vessels of the ProZero series meet the standards of the classification system of DNV, and can be customized to fit the demands of other classification companies if needed.The standard boats of the series range in length between 6,5-16 meters and in width between 2,8-4,3 meters. May 28, 2014
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Preneet Kaur today met local party strongman and MLA Brahm Mohindra seeking his support for campaigning for the Lok Sabha elections. imported cashew nut (roasted, Singh?substantially increased the opportunities for the dishonest to eke out his rent from a vast new range of hurdles that a supplier has to go through to secure business. The objections by the opposition parties were overruled by Speaker Sumitra Mahajan who ruled that the ‘incidental provisions’ involved in the amendments constitute a ‘Money Bill’ and therefore can be considered as part of the Finance Bill. Second, Now he’s making an all-out frontal attack on the Gandhi family in UP, who, responsible for the Prime Minister’s security, Curry averaged 25.
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he will ensure that said player has an insignificant role to play on the field.” a government official said.