ME Newswire / Businesswire

MUMBAI, India - Monday, April 7th 2014

Sun Pharma and Ranbaxy today announced entering into definitive agreements for Sun Pharma to acquire 100% of Ranbaxy in an all-stock transaction. Under these agreements, Ranbaxy shareholders will receive 0.8 share of Sun Pharma for each share of Ranbaxy. This exchange ratio represents an implied value of Rs 457 for each Ranbaxy share.

This combination creates the 5th largest specialty generics company in the world, and the largest pharma company in India. The combined entity will have operations in 65 countries, 47 manufacturing facilities across 5 continents, and a significant specialty + generic portfolio, including 629 ANDAs. On a pro forma basis, the combined entity’s revenues are estimated at US$ 4.2 billion with EBITDA of US$ 1.2 billion for the twelve month period ended December 31, 2013. The transaction value implies a revenue multiple of 2.2 based on 12 months ended December 31, ... Read more »

TOKYO - Monday, April 7th 2014 [ME NewsWire]

Aircraft Interiors Expo 2014

(BUSINESS WIRE)-- TEAC Corporation (TEAC) (TOKYO:6803), the leading manufacturer of technologically advanced aerospace products, announced today that TEAC is returning to the In-Flight Entertainment (IFE) business with the release of a new solid state video reproducer.

In 1996, TEAC’s first IFE products were developed with advanced TEAC airborne video technology designed specifically for the stringent qualification, performance, and reliability requirements for commercial airline operations.

TEAC quickly became the world leader in IFE audio and video products, and TEAC IFE products became the standard for airlines around the world.

In 2004, TEAC spun-off the airborne video IFE business as a separate company, TEAC Aerospace Technologies, which was then acquired four years later by Goodrich and then United Technologies.

However, TEAC continued to design and m ... Read more »

Eximbank implements fingerprint identification and authentication for over-the-counter and ATM transactions

COLUMBUS, Ga. & HO CHI MINH CITY, Vietnam. - Monday, April 7th 2014 [ME NewsWire]

(BUSINESS WIRE) TSYS (NYSE: TSS) announced today that its leading Vietnamese client, Vietnam Export Import Commercial Joint Stock Bank — Vietnam Eximbank, has begun to deploy fingerprint authentication technology for over-the-counter or ATM transactions.

Vietnam Eximbank is one of the first banks in Vietnam to apply this technology that enables customers to make a transaction without having the physical card, ID, phone or card number present for identification, and uses only fingerprint verification when performing transactions at the counter or at the ATM.

As a client of TSYS since 2003, Vietnam Eximbank licenses TSYS’ PRIME single-platform payment processing solution to manage its issuing, acquiring and payment acceptance services. The rollout of ... Read more »