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| Monday, May 18, 11:13:49am | [ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, [3], 4, 5, 6, 7, 8, 9, 10 ] |
| Subject: ERG sells Proton World | |
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Author: Mar 26 15:31--AFR |
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Date Posted: Thursday, April 17, 10:31:36pm In reply to: Newspapers reporting result--March 7 2003 SMH 's message, "Noteholders have tickets to ride" on Thursday, March 06, 08:38:56am http://afr.com/companies/2003/03/26/FFXMDHC5QDD.html Mar 26 15:31 ERG sells Proton World Smartcard company ERG has sold its 100 per cent interest in Belgian-based Proton World to micro-chip manufacturer STMicroelectronics for $110 million. The Perth-based company said after the settlement of all inter-company accounts and payments for the global rights to the Proton technology, ERG will receive cash proceeds of around $60 million at settlement. It also said a milestone fee of $40.9 million is payable to ERG on deferred terms tied to milestones over the next 10 years. The milestones relate to the sale to ERG or its customers of smart cards that incorporate an ST chip. The deal is expected to settle in April. [ Next Thread | Previous Thread | Next Message | Previous Message ] |
| Subject | Author | Date |
| Stock market advances Herald Sun on or around March 26th--no date | Smartcard company ERG Ltd was 0.6 cents lower at 10.5 cents as it sold its 100 per cent interest in Belgian-based Proton World to micro-chip manufacturer STMicroelectronics (ST) for $110 million. | Thursday, April 17, 10:37:20pm |