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Shareholders back takeover
1:46pm Wednesday 16th April 2008
Shareholders in Saltaire-based set top box company Pace Micro Technology plc have given the go-ahead for the £63m take-over of its French rival, Royal Philips Electronics.
The move was approved at a meeting of shareholders at the Pace headquarters in Salts Mill today.
It will put Pace among the world's top three designers and producers of set top boxes for digital television.
The acquisition of Royal Philips Electronics is expected to be completed on 21 April upon admission of the new Pace shares to the Official List and to trading on the London Stock Exchange.
Editor's choice
Rocker tells of kidney trauma
Bradford rocker Tom Bairstow is back beating the drums after a road accident almost cost him one of his kidneys.
Vanda batters airline over lost bags
Fish and chip shop owner Vanda Bardgett is naming and shaming budget airline Jet2 as she serves customers.
Gatehaus voted building of year
Flagship Bradford regeneration project The Gatehaus has been voted building of the year at the Bradford District Design Awards.
Hundreds of MoD laptops stolen
The Ministry of Defence is facing fresh security questions after admitting that 658 of its laptop computers had been stolen over the past four years - nearly double the figure previously claimed.
Mortgage lending at two-year low
The rate at which mortgage lending is falling has accelerated as the credit crunch tightens its stranglehold on the market, figures show.
Chambers loses Beijing Games battle
Sprinter Dwain Chambers has lost his High Court bid to be allowed to compete at next month's Olympic Games in Beijing.
Norman rolling back the years
Twenty two years after first lifting the Claret Jug, Greg Norman today set a testing clubhouse target in the second round of the 137th Open Championship.
Decision day looms for Colgan
Nick Colgan will find out if he has any future with City after tomorrow’s friendly against Bradford Park Avenue.
Menzies joins Bulls 'to win trophies'
Record-breaking Aussie superstar Steve Menzies today told Bulls fans: “I want to do it all again in Super League.”
In this section
- 23 years ago we vowed to retire together ...and we have
- Regeneration chief slates Odeon building
- 'Shots fired' in arrest
- Acting B&B boss upbeat for future
- City Hall’s delight as number of complaints fall
- Mo given doctorate honour
- No stalling for the market
- Six arrested by armed officers
- Vanda batters airline over lost bags
- Police used CS spray to arrest burglar
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