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first_imgDecember 16, 2018 Police Blotter121618 Decatur County Fire Report121618 Decatur County Jail Report121618 Decatur County EMS Report121618 Decatur County Law Report121618 Batesville Police Blotterlast_img

first_img Swedish leaders warn Minister Shekarabi of channelisation consequences   May 6, 2020 Betsson outrides pandemic challenges as regulatory dramas loom July 21, 2020 Swedish CEOs challenge ‘unrealistic demands’ against threat of igaming becoming obsolete June 8, 2020 Stockholm-listed online gambling group Cherry AB is the subject of an of SEK 9.193bn (£802m) takeover offer from a consortium fronted by British private equity firm Bridgepoint, fronted by chairman Morten Klein and Betsson CEO Pontus Lindwall. The Independent Bid Committee established by Cherry, set up specifically to consider the takeover bid on the board’s behalf but excluding chairman Klein, has recommended that its shareholders accept the public offer of SEK87 (£7.59) per share submitted by European Entertainment Intressenter Bidco.EE Intressenter is a company jointly controlled by Bridgepoint Advisers, which is acting on behalf of a series of partnerships, namely Bridgepoint Europe VI Fund, Prunus Avium, Klein Group, Audere Est Facere, Pontus Lindwall, Berkay Reyhan and Can Yilanlioglu.The offer has been fully financed through a combination of equity provided by Bridgepoint and other consortium members, as well as debt financing provided by Ares Management. The acceptance period for the offer is expected to commence on December 20, expiring around January 23, 2019, subject to extensions. Mika Herold, a partner at Bridgepoint Advisers, commented on behalf of the consortium: “We have followed Cherry closely for a long time and have the highest regard for the success and impressive track record that Cherry and its divisional management teams have achieved through driving innovation in the iGaming sector.“However, we also believe that many of the opportunities and challenges facing Cherry and its subsidiaries are easier to approach in a private setting and with a more favourable capital structure.”One of the conditions of the takeover is the handover of at least 90 per cent of the total outstanding shares in Cherry to EE Intressenter. EE Intressenter does not currently possess any shares in Cherry at this present time, although its members currently possess a total of 50,100,368 shares, equating to approximately 47.4 per cent of the total number of shares and 37.9 per cent of the total number of votes in the company.In a statement, Cherry said that irrevocable undertakings to accept the offer have been received from shareholders who represent 12,298,332 shares, meaning the consortium holds shares – or have secured commitments to accept the offer – corresponding to 59.1 per cent of the capital and 66.5 per cent of the votes.The Independent Bid Committee’s recommendations emphasised a number of considerations in connection with the offer, most notably that the bid presents a premium of 20 per cent compared to the closing price of Cherry’s series B shares on Nasdaq Stockholm on December 17, the final trading day before the announcement of the offer.Herold added: “The changing regulatory environment together with necessary measures to defend and increase Cherry’s market share over time, will require significant investment. “We have presented a financially attractive offer for the shareholders, which is reaffirmed by the support received from some of Cherry’s largest shareholders.”EE Intressenter has said the consortium believes that Cherry will be able to “maximise value by focusing on driving the performance of the individual business units rather than managing the combined entity as a publicly listed company.”The news breaks as Cherry’s home market of Sweden prepares to launch its re-regulated igaming market on January 1. StumbleUpon Related Articles Share Share Submitlast_img read more

first_img(L-r) Assistant Registrar General Clifford Robinson and Registrar General, Prince Decker, The Assistant Registrar General for Copyright, Clifford Robinson, has been accused of attempting to forcefully take over as the acting director general of the Liberia Intellectual Property Office (LIPO). But Robinson has refuted the claim.“It’s a lie,” he told the Daily Observer.The agency’s director general, Atty. Roosevelt Gould and his two principal deputies, K. Rufus Moore and Fanta Barclay lost their jobs after the Executive Mansion issued a release relieving the heads of ministries and agencies, and ordering the human resource directors to run the affairs of such entities until new heads are appointed.The allegation against Robinson was corroborated by Ernest C. B. Bruce and K. Rufus Moore, board chairman and former deputy director general for industrial property, respectively. They said on Tuesday and Wednesday, Robinson took about six men with him to the office informing the staff that he was now the acting director general of the agency.They said he did not show any letter of appointment from the Joint Presidential Transitional Team (JPTT).“His attitude is deeply disturbing and has caused confusion among the staff. When I approached him about it, Robinson told me that he is not obligated to report to me and if I need clarity, I should call the president,” Bruce explained.But Robinson told the Daily Observer that the allegation against him is false and misleading and is intended to tarnish his reputation.“This is a CDC government, and no one should question the decision. These people are afraid that I’m qualified and may be appointed to the position by the government. I did not take anyone to the agency’s headquarters in an attempt to install myself as its new head. I have worked at the agency and know the line of succession,” said Robinson.However, Prince Decker, the registrar general of LIPO who, per agency leadership structure, is the acting director general, said Robinson attempted to impose himself as the agency’s head.“We have not received any communication from the Joint Presidential Transitional Team appointing him as the acting director general for the agency. Until then, he remains in his position as Assistant Registrar and Registrar General,” Decker said. “I’ve instructed the staff not to take instructions from him and the public not to do business with him.”Decker added that if Robinson is appointed as director general by the President, the staff will welcome him with open arms.“Mr. Robinson’s act is not only uncivilized, but also unspeakable; it’s disgusting. I am sick in my stomach to hear of such behavior in this modern day and age,” Decker added.Meanwhile, Fanta Barclay, director general for copyright, said she is shocked to hear that Robinson tried to impose himself as the head of the agency.“While I was at the office on Tuesday, I saw him entering the building with a few people. But I don’t know what happened at the end since I left earlier,” she said.LIPO is the agency that formulates policies on intellectual property rights and/or intellectual property regulations and grants applications for patents, including utility models, copyright/related rights, trademarks, industrial designs, geographical indications and layout-designs (topographies) of integrated circuits, among others.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more