London minicab firm Addison Lee, which started with one car in 1975, is sold to the Carlyle Group for £300m.
Read the original here: London minicab firm sold for £300m
Alliance Semiconductor Corporation
Bulls are hibernating while the bear awakens. Stocks have sold off this week in reaction to bad news. But that’s not a bad thing.
Visit link: Bear party: Stocks in overdue sell-off
Mobile phone maker Blackberry says it sold one million of its new Z10 smartphones, but has lost three million users.
Follow this link: Blackberry reports 1m Z10 sales
Spanish owner Abertis sells struggling airport, where passenger numbers have halved, in attempt to pay down debt mountain
Cardiff airport has been sold by its debt-laden Spanish owner to the Welsh government for £52m.
Abertis had been in negotiations with officials since November last year as it tried to pay down its €14.1bn debt mountain. Cardiff is the first of three UK airports it hopes to offload.
The deal will see the Welsh government manage the struggling airport at arms’ length in the hope of improving passenger numbers, which have halved in the past five years to just a million.
Barcelona-based Abertis, which is one of the world’s largest toll-road operators, also owns Belfast airport and controls the 30-year lease at Luton airport and could sell both, after Stansted and Edinburgh airports were sold by rival Heathrow Holdings for a combined £2.3bn. Luton council, the lease owner for Luton airport, forced the company to invest £100m or risk losing its contract, in the hope of doubling passenger numbers to 18m.
Abertis runs 29 airports around the world, but is looking at downsizing after finding itself struggling during the recession.
SAN FRANCISCO, CA–(Marketwire – Mar 22, 2013) – Marin Software Incorporated (NYSE: MRIN) today announced the pricing of its initial public offering of 7,500,000 shares of common stock at $14.00 per share. The shares are expected to begin trading on The New York Stock Exchange on March 22, 2013 under the symbol MRIN. Marin Software is selling all of the shares being sold in the offering. The underwriters have been granted a 30-day option to purchase up to an additional 1,125,000 shares of common stock from Marin Software at the initial public offering price.
Read more: Marin Software Prices Initial Public Offering