(CRL) EURONEXT: BES WILL BE REMOVED FROM PSI 20 AT PRICE EU0.00

BN 08/05 10:44 *EURONEXT SAYS WILL CONFIRM BES PSI ACTIONS AUG. 6
BN 08/05 10:43 *EURONEXT: BES WILL BE REMOVED FROM PSI 20 AT PRICE EU0.00
EURONEXT: BES WILL BE REMOVED FROM PSI 20 AT PRICE EU0.00
2014-08-05 10:46:04.372 GMT

(The following press release from Euronext was received by e-mail. It was
not confirmed by the sender.)




-0- Aug/05/2014 10:46 GMT

(BFW) Vivendi Supervisory Board to Meet End of August, Liberum Says

Vivendi Supervisory Board to Meet End of August, Liberum Says
2014-08-05 10:44:38.924 GMT


By Blanche Gatt
Aug. 5 (Bloomberg) -- Vivendi’s Supervisory Board meeting
will be at end August, ahead of expiry of Telefonica bid for GVT
on Sept. 3, Liberum says in emailed comments, citing
conversation with co.
* Liberum (buy) says this will also allow any other bids to be
presented, considered
* Offer of purchase of 8.1% stake in Telecom Italia was
offered in lieu of part of the cash component of the bid
for GVT, meaning Vivendi could choose to take the stake
instead of the cash
* Doesn’t see why Vivendi would do this, so likely that
co. will take the cash, if the Telefonica bid is
accepted
* NOTE today: VIVENDI STREET WRAP: Telefonica GVT Bid Positive
for Shares
* Vivendi 1H earnings on Aug. 28


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>>> Gannett (GCI) - To Create Two Industry-Leading Companies With Scale Through

To Create Two Industry-Leading Companies With Scale Through Spin-Off Of Publishing Business To Gannett Shareholders; to acquire remaining 73% stake in Cars.com for $1.8B 

Announced its plan to create two publicly traded companies with scale: one exclusively focused on its Broadcasting and Digital businesses, and the other on its Publishing business. The planned separation of the Publishing business will be implemented through a tax-free distribution of Gannett's Publishing assets to shareholders. The transaction will create two focused companies with increased opportunities to grow organically across all businesses as well as pursue strategic acquisitions. 

Gannett believes the separation will result in material benefits to both companies, including: 
- Creation of a stronger growth profile and a more competitive position for each company with enhanced management focus and resources more directly aligned with strategic priorities to drive innovation and value creation 
- Optimization of capital structures based on the profitability, cash flow, and growth opportunities of each independent company 
- Realization of more targeted investment opportunities for shareholders with trading valuations that more accurately reflect the distinctive characteristics of each business 
- Opportunity to pursue value-enhancing acquisitions in each company with fewer regulatory obstacles 
- Gannett expects the Publishing business will be virtually debt-free after the separation, with all of Gannett's existing debt retained by the Broadcasting and Digital company. Gannett anticipates the initial combined dividend of the two independent companies will not be less than Gannett's current $0.20 per share quarterly cash dividend. 

Following the separation, Gannett's Broadcasting and Digital company, which has yet to be named, will remain headquartered in McLean, Virginia, and will trade on the NYSE. Gracia Martore will serve as Chief Executive Officer of the Broadcasting and Digital company at that time. Following the separation, the Publishing company, which will retain the Gannett name, is expected to be listed for trading on the NYSE and will remain headquartered in McLean, Virginia. Robert J. Dickey, currently president of Gannett's U.S. Community Publishing division, will become Chief Executive Officer of the Publishing company upon completion of the separation. 

Cars.com 
Gannett has also signed a definitive agreement to acquire full ownership of Cars.com, one of the leading digital companies in the automotive space. Under the agreement, Gannett will acquire the 73% interest it does not already own in Classified Ventures LLC, which owns Cars.com, for $1.8 billion in cash. The transaction is expected to contribute approximately $155 million in annual incremental 2014 pro forma EBITDA to Gannett, which includes the impact of the new affiliate agreements. The transaction price implies a multiple of 11.7x pro forma 2014 estimated incremental EBITDA. Based on the more favorable economics associated with the new affiliate agreements, as well as anticipated cost efficiencies, the company expects a pro forma 2015 estimated incremental EBITDA multiple of 9.2x. The company will maintain a strong balance sheet, with anticipated pro forma net leverage initially at approximately 2.8x, which will be reduced over time. Gannett will finance the acquisition through cash on hand, the issuance of approximately $650-675 million in new senior notes and borrowings under the company's revolving credit agreement.The acquisition of the remaining interest in Cars.com, which is subject to regulatory approval and other customary closing conditions, is expected to be completed in the fourth quarter of this year. 

Tribune Publishing Company Announces Five-Year Affiliate Agreement with Cars.com 
Announced that it expects to enter into a five-year agreement with Classified Ventures, LLC (CV) to extend its affiliate agreement with Cars.com. The agreement is contingent upon the closing of the sale of CV to Gannett Co., Inc. (NYSE: GCI) by the equity partners, which is expected to close by the end of 2014, subject to customary regulatory reviews. Upon the close of the sale, Tribune Publishing will enter into a five-year affiliate agreement with CV that will allow it to continue to sell Cars.com products and services exclusively in the eight key markets in which Tribune Publishing operates, including: Los Angeles; Chicago; Central- and South Florida; Baltimore; Hartford, Ct.; Allentown, Pa. and Newport News, Va.

(BFW) Mercedes-Benz to Recall 57,843 Vehicles in China From Aug. 22

BFW 08/05 09:24 *MERCEDES-BENZ TO RECALL 57,843 VEHICLES IN CHINA
BN 08/05 09:24 *CHINA AQSIQ POSTS STATEMENT ON WEBSITE ON RECALL
BN 08/05 09:23 *MERCEDES-BENZ TO RECALL 57,843 VEHICLES IN CHINA
Mercedes-Benz to Recall 57,843 Vehicles in China From Aug. 22
2014-08-05 09:40:56.396 GMT


By Bloomberg News
Aug. 5 (Bloomberg) -- Smart fortwo models produced between
2010 and 2014 are recalled, according to a statement on website
of General Administration of Quality Supervision, Inspection and
Quarantine today.
* Recall due to an electric circuit problem that poses safety
risk, statement says, without specifying what the risk is
* Link to statement: http://tinyurl.com/lqzo2mp

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lliu255@bloomberg.net

To contact the editor responsible for this story:
Simon Lee at +852-2977-6935 or
slee936@bloomberg.net

(NY Post) Goldman-backed app may challenge Bloomberg termina

Goldman-backed app may challenge Bloomberg terminals

Lloyd Blankfein has a message for Mike Bloomberg: We’re coming for you. The CEO’s bank, Goldman Sachs, is leading a about a half-dozen other Wall Street firms in investing in the free messaging app Perzo as a direct challenge to Bloomberg’s $24,000-a-year terminal. The Bloomberg terminal is ubiquitous on Wall Street, used by traders and researchers to do everything from find the price of a Treasury bond to structure the most complex derivatives. It also has a chat feature that’s been used by prosecutors to show how traders rigged markets. Wall Street firms have found that users who don’t usually use Bloomberg’s chat feature are more likely to give up their terminal for cheaper alternatives, two people aware of plans for a bank-led chat service said. That’s given banks like Goldman an opening in prying its employees away from the expensive machines. The banks have reportedly received term sheets and signed non-disclosure agreements for the investment. Reuters first reported details of the potential investment. Michael DuVally, a Goldman spokesman, and Mark Murphy of Bloomberg declined to comment. David Gurle, founder and CEO of Perzo, didn’t respond to questions about the offer. In June, Blankfein discussed how Goldman has focused more on technology during an interview on Bloomberg TV with the former mayor. "We’re a technology firm and it doesn’t stay still," Blankfein said.

>>> Eike Batista to transfer 10.52% stake in MMX to Mubadala

Eike Batista to transfer 10.52% stake in MMX to Mubadala
MMX Mineracao e Metalicos (MMXM3: BZ) informs its shareholders and the market in general that, in the context of the investment restructuring of Mubadala Development Company in EBX Group, its controlling shareholder Eike Batista Fuhrken signed binding agreements with Mubadala by which he undertook to assign to Mubadala, directly and/or through his affiliates, 17,065,162 common shares of the Company, representing 10.52% of the shares issued by the Company. The assignment of such shares is subject to usual conditions precedent and is expected to be concluded in the course of the third quarter of 2014.

The Company will keep its shareholders and the market in general informed of any update regarding the relevant assignment of shares.

>>> Telefonica submits bid for GVT; offers Vivendi Telecom Italia stake

Telefonica submits bid for GVT; offers Vivendi Telecom Italia stake
Telefónica S.A. and Telefónica Brasil have submitted an offer to Vivendi for the combination of Telefónica Brasil and Global Village Telecom (GVT), which includes a cash consideration of 11,962m Brazilian Reais and newly issued shares representing 12% of the share capital of the new Telefónica Brasil, after its combination with GVT.

Considering the current market price of Telefónica Brasil, the offer amounts to a total of 20,100m Brazilian Reais (equivalent to EUR 6,700m at current exchange rates). The cash consideration would be financed via a capital increase at Telefónica Brasil subscribed by Telefónica S.A. in proportion to its current stake (74%), whose contribution will be funded, in turn, via a capital increase.

The offer envisages that, should Vivendi be interested in acquiring a stable stake in Telecom Italia, Telefónica could offer Vivendi the acquisition, in cash, of up to 1,110m ordinary shares of Telecom Italia, currently representing a stake of 8.3% of the Telecom Italia voting share capital. The transfer of the shares would take place at closing of the transaction between Vivendi and Telefónica Brasil.

The offer is subject to obtaining the relevant regulatory authorizations and to the fulfillment of other customary conditions in this type of transaction. According to the terms of the offer, it expires on September 3, 2014, unless it is previously accepted by Vivendi, S.A., or if bidders decide to extend the Offer’s validity period.

Vivo, commercial brand of Telefónica in Brazil, is the leader operator in the mobile wireless market and leading broadband services provider in the city of Sao Paulo. GVT is the most successful and fastest growing alternative operator in Brazil. A combination of Vivo and GVT would create the largest telecom operator in Latin America’s largest market, providing a unique platform for the generation of synergies and value creation.

This offer underlines Telefónica’s commitment to Brazil, a country where the Group has been making strong investments to consolidate the growth of the telecommunication market.