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AMD given approval to acquire Xilinx

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Semiconductor giant AMD says it has received approval from “all necessary authorities” to proceed with the acquisition of Xilinx, a chip maker which specialises in the industrial sector.

With the exception of the remaining customary closing conditions, all conditions to the transaction closing have been satisfied and the company expects the transaction to close on or about February 14, 2022.

AMD announced its intention to acquire Xilinx in an all-stock transaction on October 27, 2020. [Read more…] about AMD given approval to acquire Xilinx

CFD Trading: What it is and How it Works

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CFDs are leveraged instruments traded over-the-counter with a securities firm, which is commonly referred to as a CFD provider. A CFD is a Specified Investment Product (SIP), on a need to sell or buy basis.

Dealing in CFD is attractive to day traders that can use leverage in trading assets that are more costly to buy and sell. However, the low industry regulation, potential lack of liquidity, and the need to maintain an adequate margin make CFD a risky trade. [Read more…] about CFD Trading: What it is and How it Works

Best Features of Email Templates for Conversions

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Email templates have been around for a long time, but it is mind-blowing how many people do not take advantage of them. It is understandable if you have years of experience with crafting emails and you are an expert copywriter.

But if you do not, then not using a sales email template may be a larger problem than you think. A sales email template has distinct features that make them effective, and below are just a few. They are in no particular order, and there are quite a few more that are not listed. [Read more…] about Best Features of Email Templates for Conversions

ThyssenKrupp sells its elevator business for more than $17 billion

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Giant industrial conglomerate ThyssenKrupp says it has successfully completed the sale of its elevator business, marking a further important milestone in the transformation of the company.

The transaction closed after all the responsible authorities had approved the sale to a bidding consortium led by Advent International and Cinven.

ThyssenKrupp had reached an agreement with the consortium on the purchase of the elevator business earlier this year. With the closing, the company has received the contractually agreed purchase price, which was reported to be $17.2 billion. [Read more…] about ThyssenKrupp sells its elevator business for more than $17 billion

Mitsubishi-Hitachi Metals Machinery to acquire Siemens’ stake in Primetals Technologies

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Deal would make MHMM sole owner of Primetals Technologies

Mitsubishi-Hitachi Metals Machinery (MHMM) and Siemens have reached agreement for MHMM to acquire Siemens’ 49 percent stake in Primetals Technologies.

Closing of the transaction is subject to customary conditions and is expected by early 2020.

Siemens will support the process to ensure a successful closing of the transaction. Following closing, MHMM will assume sole control of Primetals Technologies. Financial details of the transaction were not disclosed. [Read more…] about Mitsubishi-Hitachi Metals Machinery to acquire Siemens’ stake in Primetals Technologies

Kia car to feature ‘first’ CVVD engine technology

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Hyundai Motor Group, Kia Motors‘ parent company, has developed the world’s first Continuously Variable Valve Duration (CVVD) technology to feature in future Kia vehicles.

The innovation was revealed at Hyundai Motorstudio Goyang alongside the Smartstream G1.6 T-GDi, the first engine to feature the technology.

CVVD is claimed to optimise both engine performance and fuel efficiency while also being eco-friendly.

[Read more…] about Kia car to feature ‘first’ CVVD engine technology