Telit Continuing Commercial Talks With U-blox, DBAY Regarding Possible Offer

Telit Communications Plc (TCM.L) issued a statement regarding the announcements made by DBAY on 4 December 2020. The Board of Telit believes that an offer at 1.948 pounds per Telit share would fundamentally undervalue Telit. The Board said the industrial logic in a combination with u-blox could create value for shareholders of both companies.

Telit said the company is continuing commercial discussions with both u-blox and DBAY with a view to ensuring that any possible transaction with either party would be in the best interests of all shareholders.

SPX FLOW To Acquire UTG Mixing Group – Quick Facts

SPX FLOW, Inc. (FLOW) has agreed to launch a voluntary recommended public tender offer, through its German unit, to acquire all issued and outstanding shares in Plc Uutechnic Group Oyj for a cash consideration of 0.60 euros per share. UTG is a publicly traded producer of specialty mixing technologies for the chemical, food and beverage, metallurgical and fertilizer, environmental technology, water treatment and pharmaceuticals markets.

SPX FLOW said the completion of the tender offer is subject to certain customary conditions to be fulfilled or waived by SPX FLOW on or by the date of SPX FLOW ‘s announcement of the final result of the tender offer, including, among other things, SPX FLOW gaining control of more than 90 percent of the issued and outstanding shares and votes in UTG on a fully diluted basis and the obtaining of all necessary regulatory approvals.

Frasers Group in talks to buy collapsed British retailer Debenhams

LONDON, Dec 7 (Reuters) – Mike Ashley’s Frasers Group said it is in negotiations to buy collapsed British department store chain Debenhams from administrators in a potential rescue deal.

Frasers said that it hoped a deal, previously reported by The Sunday Times, could be reached and jobs saved, but cautioned that the transaction was complicated by the recent administration of Debenhams-concession holder Arcadia Group.

“There is no certainty that any transaction will take place, particularly if discussions cannot be concluded swiftly,” Frasers said in a statement on Monday.

Fresh Attitude Baby Spinach Recalled For Salmonella Risks

Vegpro International is recalling Fresh Attitude baby spinach citing potential to be contaminated with Salmonella, according to the U.S. Food and Drug Administration.

The recall involves Fresh Attitude baby spinach of 5oz with best before dates of December 4 & 5; and 11oz with best before date of December 4.

The affected products were produced in Vegpro’s Eastern Canadian plant and have been distributed only in Eastern Canada, as well as in six states of Northeastern United States.

All other Fresh Attitude product sold in the US is produced in Belle-Glade Florida and is not linked to the recall.

The recall was initiated after it was discovered that the product was possibly contaminated with Salmonella, an organism that can cause serious and sometimes fatal infections in young children, frail or elderly people, and others with weakened immune systems.

Symptoms of Salmonella infection include diarrhea, abdominal pain and fever. In some people, the illness may be so severe that the patient needs to be hospitalized.

However, no illnesses have been reported to date.

Consumers are urged to return the affected products to the place of purchase for a full refund.

In similar incidents involving Salmonella risks, natural grocery retailer Vitamin Cottage Natural Food Markets Inc. in early November called back Natural Grocers Brand 4-ounce Organic Whole Elderberries. Meijer, a privately-owned retailer, in October recalled whole cantaloupe and select cut cantaloupe fruit trays and bowls.

U.K. House Prices Climb Most in Over Four Years, Halifax Says

U.K. house prices surged the most since 2016 last month as realtors remained open for business while much of the rest of the economy entered a second coronavirus lockdown.

Home prices rose 7.6% in November from a year earlier, mortgage lender Halifax said Monday. On the month alone, prices gained 1.2%.

Britain’s property market has boomed since reopening after restrictions in the spring that shuttered the industry. It has been bolstered by city dwellers looking to move out of urban centers, a temporary tax break on purchases and government promises of more generous loans for young buyers.

Under a lockdown in England that ended last week, house viewings were still allowed. Realtors may find it hard to maintain the upswing though. Unemployment is rising and the tax incentive will expire at the end of March.

“The housing market has been much more resilient than many predicted at the outset of the pandemic,” said Russell Galley, managing director at Halifax. “A slowdown” in activity “is likely over the next 12 months.”

JinkoSolar Holding Co., Ltd. Q3 adjusted earnings of RMB7.22 per share

Below are the earnings highlights for JinkoSolar Holding Co., Ltd. (JKS):

-Earnings: RMB6.85 million in Q3 vs. RMB363.56 million in the same period last year.
-EPS: -RMB6.20 in Q3 vs. RMB4.66 in the same period last year.
-Excluding items, JinkoSolar Holding Co., Ltd. reported adjusted earnings of RMB321.35 million or RMB7.22 per share for the period.
-Revenue: RMB8.77 billion in Q3 vs. RMB7.48 billion in the same period last year.

U.K. House Prices Climb Most in Over Four Years, Halifax Says

U.K. house prices surged the most since 2016 last month as realtors remained open for business while much of the rest of the economy entered a second coronavirus lockdown.

Home prices rose 7.6% in November from a year earlier, mortgage lender Halifax said Monday. On the month alone, prices gained 1.2%.

Britain’s property market has boomed since reopening after restrictions in the spring that shuttered the industry. It has been bolstered by city dwellers looking to move out of urban centers, a temporary tax break on purchases and government promises of more generous loans for young buyers.

Under a lockdown in England that ended last week, house viewings were still allowed. Realtors may find it hard to maintain the upswing though. Unemployment is rising and the tax incentive will expire at the end of March.

“The housing market has been much more resilient than many predicted at the outset of the pandemic,” said Russell Galley, managing director at Halifax. “A slowdown” in activity “is likely over the next 12 months.”