| Dubai Ports seeks US$4.32B in largest Mideast IPO
DP World, the world's fourth-largest mover of containers, said on Sunday it will sell 2.822 billion shares priced at between $1 and $1.30 each, and probably a further 498 million shares as part of a so-called greenshoe option. Combined, the shares are equivalent to 20% of the state-owned company, valuing it at as much as US$21.6-billion. "We want people to share in our success," DP World Chief Executive Officer Mohammed Sharaf told reporters in Dubai. "It's also about Dubai being more transparent." Of the IPO proceeds, 25% will go to investors who bought US$3.5-billion of Islamic bonds that DP World's then owner -- Ports, Customs & Freezone Corp -- sold in 2005. The bonds, of which as much as 30% of the value are convertible to shares in DP World, mature in January.
Gilroy mayor to head cities association
Gilroy Mayor Al Pinheiro will be the next president of the Santa Clara County Cities Association beginning Dec. 6. The association's Board elected Pinheiro, who previously served as the group's vice president and treasurer. Pinheiro said the 17-year-old association has become increasingly important. "Regional impacts must be considered when dealing in many issues, traffic planning and mitigation being prime examples," according to a press release written by Joe Kline, the city's public information officer. The Association gives an equal voice to each of the county's fifteen cities, all of which appoint a city councilmen to and finance the body that meets monthly to improve regional commerce and monitor relevant state and federal legislation. '660' task force members needed The Gilroy City Council is forming a Task Force to provide input and guidance during the preparation of the East Gilroy Specific Plan.
And a song shall carry them home
Two years ago, a group of brothers left Acojtapachtlan, a village of about a dozen concrete houses in the hills of southern Mexico. They came to San Joaquin County without education, without money, certainly without permission. They brought little more than their ambition and hopes. One of them carried along a dream to save money, buy instruments and lead a band. The brothers Fermin were like millions of other Mexicans who have crossed the border and like thousands who, even today, will attempt it. But the ties of home and family are strong. Two years of work in San Joaquin County had earned the brothers enough money for televisions, clothing, tools, accordions, guitars, speakers - and a truck to haul it back. On Oct. 17, the village of Acojtapachtlan was to honor its patron saint, San Lucas, with a festival.
Don't cheer smoking ban; you may be next target
I want to add my opinion to the two letters published on Jan. 11 from Mike Lynch (``Stop bureaucrats from making decisions for us'') and Brian Thomas (``Don't let our government `protect' away freedom'').We are becoming a police country. Like Brian said, first it was seat belts, now a total smoking ban. I think the total ban went too far.Smoking is still legal. If the government wants to protect us from ourselves why not make smoking illegal? No, they won't do it because too much revenue is generated from cigarettes.What saddens me is to go to the VFW and watch our veterans who fought and died for the freedoms we used to enjoy, standing outside smoking at their private club.smoking police better wake up. One of your freedoms may be next and, believe, me you won't like it and there won't be anything you can do about it.Carol SylvesterBloomington .
DAVID LEASK and DOUGLAS FRASER
Finally, has the Herald come to the realization that an independent Scotland is a future reality and are planning to become the real voice of this new and wonderful Scoland. Oh I wish I lived back in Glasgow where I could work towards our glorious speration. .
2nd Annual Cayman Islands Conference: Hedge Fund Best Practices
Marran Ogilvie is a Partner, Chief Operating Officer and General Counsel of Ramius Capital Group, LLC. Ms. Ogilvie is also a member of the Senior Management Committee. Ms. Ogilvie joined Ramius in 1994, was appointed as its General Counsel in 1997 and as its Chief Operating Officer in 2007. She oversees the Firm's infrastructure areas which include legal, compliance, accounting, operations, technology and human resources. She is also involved in the strategic decision-making for Ramius products and its business. Ms. Ogilvie is NASD licensed as a Financial and Operations Principal, General Securities Principal, Municipal Securities Principal, Registered Options Principal, General Securities Representative, Commodity Futures Representative and Registered Equity Trader. In addition, she is a member of the American Bar Association and the New York State Bar Association.
Facebook photos show drinking by Woodbury students
Students at yet another metro-area high school face repercussions after photos pulled from the online site Facebook showed them drinking, according to a letter to be sent today to parents of Woodbury High School students. At least 12 students were identified and four were given "some kind of consequence," principal Linda Plante wrote in the letter, which was released to the Star Tribune late Monday by Woodbury schools spokeswoman Barbara Brown. Plante wrote that the pictures "were brought to our school on Friday." A student told WCCO TV that a senior used them in a health class presentation on student drinking. The letter did not say what punishment the four students will face. School officials first contacted district lawyers and the Minnesota State High School League, which bans students in athletics and other extracurricular activities from drinking, the letter said.
|
