Hints and tips:
...While the USF has ensured universal access to a traditional phone line, it has faced growing criticism in recent years. Mr Genachowski said the USF was outdated, inefficient and unsustainable....
...USF fetched nearly 40 per cent of 2006 sales....
...USF’s disposal for about $7bn including debt, which rounds off a seven-month divestment programme that included the sale of underperforming US and European stores, will fire speculation about Ahold’s next...
...CD&R has teamed up with Kohlberg Kravis Roberts on USF, while Blackstone is working with Bain Capital. Texas Pacific Group and Thomas H Lee are also interested in USF....
...However, CD&R is well placed as it already knows USF well. In 2001, it sold Alliant, a business that is a major constituent of USF, to Ahold in a $1.45bn deal....
...US buy-out group Clayton Dubilier & Rice is in talks to buy Dutch food retailer Ahold’s US Foodservice (USF) unit in a deal that could value the business at about $5bn....
...Taking other recent deals as a guide, at 10 times 2007 earnings before interest, tax, depreciation and amortisation, Citigroup says USF could be worth €4.7bn on an enterprise value basis....
...The deal accelerates consolidation of the US trucking sector, less than three months after Yellow Roadway agreed to buy its rival USF for $1.37bn....
...Shares in the trucking company USF soared 23.1 per cent to $47.80 after Yellow Roadway unveiled a $1.4bn acquisition. Yellow Roadway’s stock eased 5.8 per cent to $57.75....
...Chesham has been bought out by Jonathan Reddaway and Philip Craig, who have worked there as brokers since the mid-1990s. Much has changed....
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