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(Reuters) – MYOB Group Ltd (MYO.AX) said on Monday it would recommend U.S. private equity giant KKR & Co’s (KKR.N) buyout offer for the Australian accounting software maker. Last week, KKR cut its A$1.8 billion buyout proposal for the struggling Australian company. This came seven weeks after KKR upped its indicative bid to access MYOB’s financial records. MYOB’s acceptance comes after it initially said on Thursday it would reject the new suggested price of A$3.40 per share, which was slashed from A$3.77 yellow gold cufflinks uk online.
Shares of the Melbourne-based company tumbled 14 percent following KKR’s lowered offer price and last traded at A$2.870 on Friday, representing a 18.5 percent discount to the new price. KKR cut its offer price at a time when global technology players such as Facebook Inc (FB.O) and Google owner Alphabet Inc (GOOGL.O) have fallen sharply amid concerns about incursions on privacy, sparking a sell-off across the broader sector. MYOB Chairman Justin Milne said the proposal was in the best interest of shareholders, considering “market uncertainty and the longer-term nature of the strategic growth plan the Company has embarked upon.” yellow gold cufflinks uk online.
(Reuters) – Tesla Inc (TSLA.O) chief executive Elon Musk said the electric car company will reimburse customers if delays to car deliveries cause them to miss out on a significant tax credit. Under a major tax overhaul passed by the Republican-controlled U.S. Congress late last year, incentives in the way of tax credits that lower the cost of electric vehicles are available for the first 200,000 such vehicles sold by an automaker yellow gold cufflinks uk online. The tax credit is then reduced by 50 percent every six months until it phases out..
Earlier this year, Tesla said orders for cars placed by Oct. 15 would be eligible for the full tax credit of $7,500 and that customers would receive their cars by the end of the year yellow gold cufflinks uk online. From Jan. 1, 2019, the tax credit drops to $3,750. With only a few days of 2018 remaining, some customers still waiting for their vehicles have used social media to complain about the delays and what they called a lack of communication by the company. Responding on Saturday to a Twitter user who asked what will happen if cars did not arrive in time, Musk replied: “If Tesla committed delivery & customer made good faith efforts to receive before year end, Tesla will cover the tax credit difference.”..
(Reuters) – U.S. food companies Kraft Heinz Co (KHC.O) and Mondelez International Inc (MDLZ.O) have been short-listed to participate in the second round of Campbell Soup Co’s (CPB.N) auction of its international business, people familiar with the matter said. The development boosts Campbell Soup’s chances of divesting its international portfolio, which includes its Australian cookie brand Arnott’s and Danish baked snacks maker Kelsen Group, with one deal, two sources said on Sunday yellow gold cufflinks uk online.