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Apr 18, 2013

U.S. urges Dutch to stick by F-35 fighter order

AMSTERDAM, April 18 (Reuters) – The U.S. Department of
Defense urged the Netherlands on Thursday not to cut its order
for advanced F-35 warplanes, saying it could end up paying more
per plane if it did.

Fearing that major cuts to orders could ultimately doom the
delayed and over-budget $400 billion F-35 Joint Strike Fighter
project, U.S. officials have been stepping up pressure on buyers
to stick to their initial undertakings.

Apr 17, 2013

ASML picks finance chief Wennink as new CEO

AMSTERDAM (Reuters) – ASML (ASML.AS: Quote, Profile, Research, Stock Buzz), the world’s biggest supplier of computer chip-making equipment, has named finance chief Peter Wennink as CEO, and pledged to stick to its strategy to develop technology used to make the next generations of smartphones and tablets.

Wennink, a 55-year-old Dutchman who has been chief financial officer since 1999, will succeed Eric Meurice, a 56-year-old Frenchman and former Dell Computer executive, as CEO in July. Meurice will become chairman and advisor to the new management.

Apr 12, 2013

Germany’s JAB to buy Douwe Egberts firm in 7.5 billion euro deal

AMSTERDAM (Reuters) – German investor Joh A Benckiser (JAB) is to buy the owner of Douwe Egberts coffee in a 7.5-billion-euro (6.3 billion pounds) deal to create a global hot drinks empire aimed at taking on market leaders Nestle (NESN.VX: Quote, Profile, Research) and Mondelez International (MDLZ.O: Quote, Profile, Research).

D.E Master Blenders 1753 (DEMB.AS: Quote, Profile, Research), the Dutch owner of Douwe Egberts coffee and Pickwick tea, said on Friday it had reached conditional agreement on a 12.50 euros per share cash takeover offer from a group of investors led by JAB.

Apr 12, 2013

Germany’s JAB to buy Douwe Egberts firm in $9.8 bln deal

AMSTERDAM, April 12 (Reuters) – German investor Joh A
Benckiser (JAB) is to buy the owner of Douwe Egberts coffee in a
7.5-billion-euro ($9.8 billion) deal to create a global hot
drinks empire aimed at taking on market leaders Nestle
and Mondelez.

D.E Master Blenders 1753, the Dutch owner of Douwe
Egberts coffee and Pickwick tea, said on Friday it had reached
conditional agreement on a 12.50 euros per share cash takeover
offer from a group of investors led by JAB.

Apr 11, 2013

German investor close to bid for Douwe Egberts firm -source

AMSTERDAM, April 11 (Reuters) – German investor Joh A
Benckiser is close to making a formal bid for D.E Master
Blenders 1753, owner of Douwe Egberts coffee, a source
close to the situation said, in a deal valuing the Dutch firm at
about 7.6 billion euros ($10 billion).

JAB, the investment vehicle of the billionaire Reimann
family, wants to create a global coffee brand on a par with
global leader Nestle SA, bolstering its position in a
hot sector driven by new products and the growing middle classes
in many emerging markets.

Apr 10, 2013

KPN may launch rights issue after Q1 results

THE HAGUE, April 10 (Reuters) – Dutch telecoms operator KPN
, in which Mexican billionaire Carlos Slim’s America
Movil took nearly 28 percent last year, could launch
its 3 billion-euro ($3.9 billion) rights issue soon after
publishing quarterly results on April 23, its CEO said on
Wednesday.

Eelco Blok said KPN needed to see the market’s reaction to
its first-quarter results first but might then publish its
prospectus for the rights issue.

Apr 4, 2013

New-look Rijksmuseum puts Dutch masterpieces into context

AMSTERDAM, April 4 (Reuters) – The Dutch national museum
reopens this month after a decade-long overhaul in which nearly
everything has been changed except for the setting of its most
famous painting.

Rembrandt van Rijn’s “The Night Watch” will be the only work
still hanging in the same place when Queen Beatrix officially
opens the Rijksmuseum on April 13 after a 375 million euro
($482.02 million) renovation to a treasure trove of Dutch art.

Mar 28, 2013

Douwe Egberts coffee group gets $8.2 bln bid from German firm

AMSTERDAM, March 28 (Reuters) – D.E Master Blenders 1753
said on Thursday it received a 6.4-billion-euro ($8.2
billion) takeover offer from German investor Joh A Benckiser
(JAB), sending shares of the Dutch coffee and tea maker up more
than 25 percent.

The maker of Douwe Egberts coffee and Pickwick tea said it
had agreed to open its books to JAB based on JAB’s proposal to
pay 12.75 euros for every share it does not already own. That
represents a nearly 33 percent premium to the shares’ prior
closing price and values the entire company at around $9.7
billion.

Mar 28, 2013

German investor eyes $8.2 billion bid for Douwe Egberts firm

AMSTERDAM (Reuters) – German investor Joh A Benckiser (JAB) is in talks over a 6.4-billion-euro deal ($8.2 billion) to buy the owner of Douwe Egberts coffee and bolster its position in a hot drinks industry benefiting from innovation and emerging market growth.

Shares in Dutch coffee and tea firm D.E Master Blenders 1753 (DEMB.AS: Quote, Profile, Research, Stock Buzz) leapt over a quarter on Thursday after it said it had received a bid proposal from JAB, the investment vehicle of the billionaire Reimann family which is already its top shareholder.

Mar 28, 2013

German investor eyes $8.2bln bid for Douwe Egberts firm

AMSTERDAM, March 28 (Reuters) – German investor Joh A
Benckiser (JAB) is in talks over a 6.4-billion-euro deal ($8.2
billion) to buy the owner of Douwe Egberts coffee and bolster
its position in a hot drinks industry benefiting from innovation
and emerging market growth.

Shares in Dutch coffee and tea firm D.E Master Blenders 1753
leapt over a quarter on Thursday after it said it had
received a bid proposal from JAB, the investment vehicle of the
billionaire Reimann family which is already its top shareholder.

    • About Sara

      "Sara Webb, bureau chief for Indonesia, has lived in Jakarta since 2007. She has worked as a journalist in Asia, Europe and the United States."
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