Maguire Properties Extends Debt Maturity at City Parkway in Central Orange County (Business Wire) and Vodafone to take control of South Africa's Vodacom (AP)

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City of Industry, CA --(www.USEquityNews.com)-- 11/07/2008 - Mergers and Acquisitions industry alert provided by U.S. Equity News. LOS ANGELES--(BUSINESS WIRE)--Maguire Properties, Inc. (NYSE: MPG), a Southern California-focused real estate investment trust, today announced that it has extended the maturity of its mortgage loan at City Parkway in Central Orange County to May, 2010.


The Company has two one-year extensions remaining under this loan that allow it to extend the maturity to May 2012 , subject to certain conditions. There was no principal paydown or additional reserves funded in connection with this loan extension.President and Chief Executive Officer Nelson Rising commented, Given the current lending challenges and uncertain market conditions, we are pleased to exercise this option now. As previously announced, the Company has successfully addressed all of its debt maturity obligations for 2008 as well as some of our debt maturity obligations for 2009. [Read the full article]

LONDON (AP) -- Vodafone Group PLC, the world's biggest mobile phone provider by sales, announced Thursday it is planning to take majority control of South Africa's largest mobile phone company, Vodacom.

Vodafone, which currently owns 50 percent of Vodacom Group Limited, said it had agreed to buy a further 15 percent stake in the South African mobile company from South African telecommunications company Telkom SA for 22.5 billion rand ($2.28 billion).If approved by shareholders and regulators, the deal will leave England-based Vodafone owning a controlling 65 percent share in Vodacom. [Read the full article]

CINCINNATI, Nov. 6, 2008 /PRNewswire-FirstCall/ -- The Procter & Gamble
Company (NYSE: PG) recently announced the preliminary results of its exchange
offer for P&G common stock in connection with the separation of P&G's Folgers
coffee subsidiary and the closing of the previously announced merger of
Folgers and The J. M. [Read the full article]

ORRVILLE, Ohio, Nov. 6 /PRNewswire-FirstCall/ -- The J. M. Smucker Company
(NYSE: SJM) announced the completion of its previously disclosed
merger with The Folgers Coffee Company ("Folgers"), a subsidiary of The
Procter & Gamble Company ("P&G"). The cost of the transaction to Smucker is
approximately $3 billion, including the issuance of Smucker common shares and
$350 million of Folgers debt guaranteed by Smucker in connection with the
merger. On October 31, 2008, Smucker paid a special dividend of five dollars
per share to all Smucker shareholders of record at the close of business on
September 30, 2008.

Folgers, founded in 1850, is the leading producer of retail packaged
coffee products in the United States. [Read the full article]

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