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Following the completion of these acquisitions, including payment of deal-related fees and charges as well as payments of approximately $4.2 million in net positive working capital adjustments, management estimates KIT digital will have approximately 37.9 million common shares outstanding and approximately US$115 million in cash.
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"Most of these people were hired after the completion of the acquisitions.
Neither of those reviews is expected to pose any obstacles to the completion of the acquisition.
The investigation may delay completion of the acquisition, Timothy Quinn, a Stephens Inc. analyst, said.
Petrobank said it would sell Ranger natural gas properties to the Alberta Energy Company for $177 million upon completion of the acquisition.
Fortis will also assume $500 million of CH Energy's outstanding debt upon completion of the acquisition, according to a company statement.
The formal completion of the acquisition closes the book on one of the most intense takeover battles in the UK in recent years.
Balfour Beatty, a British company, will pay $30 million in cash upon completion of the acquisition, with a further $20 million payable against the achievements of agreed financial targets.
The Wall Street Journal estimates Mr. Icahn left more than $3.5 million on the table by selling before the completion of the acquisition.
But Schroders fell 19p to £22.36 despite a positive note from JP Morgan Cazenove which said: Following completion of the acquisition of Cazenove Capital we resume coverage of Schroders with an overweight (price target 2281p) recommendation.
Upon completion of the acquisition, Webvan's founder, Louis H. Borders, also a co-founder of Borders Books, will remain chairman of Webvan and Mr. Shaheen will be president and chief executive of the combined company.
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