Drax Group - Factbites

Drax Group - Factbites
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Topic: Drax Group

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	Drax says takeover talks end - Boston.com
		Drax Group Ltd, owner of Europe's largest coal-fired power station, said on Wednesday it has ended takeover talks with a U.S. consortium over a 2.23 billion-pound offer and aimed to go ahead with its share flotation next month.
		BCHP, which includes private equity investors Hellman and Friedman and the Blackstone Group, met with Drax's owners last week in a bid to persuade them to accept its proposal, which included the option for existing investors to buy up to 40 percent of the shares in the new Drax group in lieu of cash.
		Drax said earlier this week that it made a pretax profit of 26.1 million pounds in the nine months to end-September after a loss of 50.9 million pounds a year ago.
	www.boston.com /news/world/europe/articles/2005/11/23/uks_drax_says_takeover_talks_over (535 words)

	Update 1: Britain's Drax Considers Takeover Overture - Forbes.com
		Drax Group, based in northern England, said it was considering a possible cash offer valuing the company at 1.9 billion pounds ($3.5 billion), although it believed that figure underestimated its market value.
		Britain's Drax Group Ltd., which operates one of the biggest coal-fired power stations in Europe, said Tuesday it is considering a possible $3.5 billion takeover overture from a consortium including Constellation Energy Group Inc. of the United States.
		Drax, which is preparing to to sell shares for the first time on the London stock exchange, said it would continue with those plans.
	www.forbes.com /technology/feeds/ap/2005/09/13/ap2222519.html (647 words)

	Drax has 'broad support' of investors to snub Constellation approach - source - Forbes.com
		The power group is held by a large group of investors comprising both banks and hedge funds, none of whom though hold a stake larger than Drax employees.
		A report in yesterday's Sunday Telegraph had claimed Drax was having to resist pressure from hedge fund investors to open its books to Constellation, who has yet to table a formal offer.
		LONDON (AFX) - The management of Drax Power, owner of Europe's largest coal-fired power station, is minded to reject any 'discount' offer of 1.9 bln stg from Constellation Energy, and has the 'broad support' of its investors to do so, according to a source close to the company.
	www.forbes.com /finance/feeds/afx/2005/09/19/afx2231004.html (722 words)

	Bloomberg.com: U.K.
		Drax got takeover bids from International Power Plc and Goldman Sachs Group Inc. after the collapse two years ago of TXU Europe, it's largest customer.
		The proposal would give bondholders and shareholders of plant owner Drax Group Ltd. ``a full-cash alternative to the current plans for a possible listing of Drax,'' Constellation and Perry said today in a statement.
		Based on Drax's 2005 profit forecast, Constellation's bid is comparable to pending utility purchases in the U.S., he said.
	www.bloomberg.com /apps/news?pid=10000102&refer=uk&sid=aA7YPCSS0Mng (456 words)

	Business Unlimited Business latest Bidders target Drax amid power upheaval
		Drax, whose six generators produce 4,000 megawatts or 7% of Britain's electricity, is controlled by a group of bond and equity holders after a financial reconstruction.
		The consortium is understood to have asked Drax for permission to undertake due diligence ahead of a formal offer, which comes as the once-stricken firm prepares for a return to the stock market.
		The British power market was in upheaval last night after the country's biggest coal-fired station, Drax, faced a potential takeover bid and four nuclear reactors owned by British Energy went offline amid safety fears.
	business.guardian.co.uk /story/0,3604,1569390,00.html (344 words)

	Business Wire: Fitch Comments On Drax Termination Of TXU Primary Hedge Agreement
		Following the termination of the PHA, Drax submitted on Nov. 18, 2003 a claim for capacity damages of GBP267 million to TXUEET and TXU Europe Group plc (TEG) as the guarantor of TXUEET.
		AES Drax is the owner and operator of the 3.96GW coal fired Drax power station located near Selby in the UK.
		Going forward, the resolution of the Rating Watch on Drax's senior and high yield debt will depend on the details of the restructuring eventually agreed with the banks and bondholders and the extent to which it takes account of the company's exposure to the current UK wholesale energy market.
	www.findarticles.com /p/articles/mi_m0EIN/is_2002_Nov_19/ai_94388829 (862 words)

	Drax the Destroyer: Facts and details from Encyclopedia Topic
		Drax the Destroyer is a fictional character fictional character quick summary:
		(Drax was eventually killed by a psychic attack from Moondragon.
		The infinity watch is a group of fictional characters in marvel comics universe....
	www.absoluteastronomy.com /encyclopedia/d/dr/drax_the_destroyer.htm (853 words)

	Goldman_sachs - Great UK Deals
		Goldman Sachs has offered £130m to take control of the Drax coal-fired power station in Yorkshire.
		Goldman Sachs has been appointed by NRG of the US to...
		Echtzeitkurse zu allen Goldman Sachs Optionsscheinen und Zertifikaten.
	www.findspot.com /goldman_sachs.htm (853 words)

	Encyclopedia article on Space Shuttle program [EncycloZine]
		One of the first fictional uses of the space shuttle was in the 1979 James Bond film, Moonraker in which a fleet of privately-produced shuttles was used to ferry personnel to a space station operated by the evil Sir Hugo Drax.
		After the shuttle's launch, the craft played a role in a number of NASA-themed films such as SpaceCamp (in which a group of teenagers accidentally launch a shuttle into orbit) and a late-1990s series entitled The Cape which followed the lives of a group of fictional shuttle astronauts.
		In the 1998 film "Armageddon" two modified Shuttles are launched on a mission to intercept an asteroid with modified footage of actual shuttle launches being used.
	encyclozine.com /Space_Shuttle_program (4677 words)

	Greater London Industrial Archaeology Society
		Adding to the Database is going hand in hand with working on the proposed Industrial History of Croydon guidebook, which I am writing at the suggestion of GLIAS and the Surrey Industrial History Group.
		For comparison Drax power station in Yorkshire had a chimney 850ft high, completed in 1969.
		Electric pylons for carrying cables across navigable rivers are among the tallest structures in the country.
	www.glias.org.uk /news/204news.html (4072 words)

	Gallifrey One Archives
		Jason Haigh-Ellery and India Fisher participated in a skit, while Simon Bucher-Jones attempted musical comedy (and was himself removed from the stage!) The Federation's Robert Warnock, Scott Alan Woodard and Jennifer Kelly performed "Derided Loyalties" while the group of British authors did their usual hack job with "Go West".
		Stephen Cole did a brilliant job hosting, including a rendition of "My Way", while Peter Anghelides and Justin Richards continued their comic sense with "The Glitz & Drax Insurance Hour".
		The Sunday SF TV writers' roundtable: Mark Altman; Robert Burnett; Steve Kriozere; Harry Werksman; Gabrielle Stanton; Steve Melching; Kay Reindl; Two shots of all of our Who authors on the "Guilty Pleasures" panel (yes, we put them all on it!); the Guest Brunch Banquet gathering, minus Sarah Sutton: top row l.
	www.gallifreyone.com /gallarch.php?id=g12 (1564 words)

	ltcs.org.uk - The Landfill Tax Credit Scheme
		Groundwork will be working with local schools and community groups to create interpretative arts features that celebrate the natural and built heritage of the area, the funding has come in part from landfill tax credits through three contributors, Waste Recycling Group, AES Drax and British Energy Eggborough
		Lincolnshire Wildlife Trust is to benefit from £9,215 in landfill tax credits through WREN.
		Nature reserves and vulnerable beauty spots in North Lincolnshire are to benefit, after The Lincolnshire Wildlife Trust received £9,215 in landfill tax credits through Waste Recycling Environmental Limited.
	www.ltcs.org.uk /news/summary/12-2003.asp (181 words)

	Police Station at ShoppingWizz.com
		Drax said it had been told to expect a shortfall of 750,000 tonnes in the year to March while there may be a gap of 500,000 tonnes in each year up to 2009.
		The mining group blamed geological problems at its Kellingley colliery for an expected shortfall with the nearby North Yorkshire power station
		Police in Israel have arrested a man whose business account had allegedly been the intended recipient of a £13.9m share of the cash.
	www.shoppingwizz.com /Police-Station.html (181 words)

	Paperback Reader : Review of Drax the Destroyer #1(of 4)
		Arthur Douglas was a saxophone player, he and his family were killed by aliens in the Mohave Desert, a rival group of Aliens was able to preserve Douglas’ astral form and used it to create a superhuman body to fight Thanos, after defeating Thanos, Drax was killed by his own daughter Moondragon.
		He was resurrected to fight Thanos again during Infinity Gauntlet, Infinity War and Infinity Crusade, but the resurrection went wrong and Drax pretty much became stupid.
		After Thanos was defeated again, Drax became part of Infinity Watch and guardian of the Power Gem, in order to protect it he swallowed it.
	www.paperbackreader.com /review.php?ReviewID=970 (450 words)

	D R A X : Supporting the Talent of the Future with the NSPCC
		According to Cliff Rich, Head of Community Appeals at the NSPCC ' The NSPCC is delighted to be working in partnership with The Drax Group.
		The NSPCC believes that all children have the right to a safe, secure and happy childhood and has a vision of a society that places a high value on childhood and the quality of children's experiences as they grow up.
		For over 100 years, the NSPCC has been the UK's leading charity specialising in child protection and the prevention of cruelty to children in England, Wales and Northern Ireland.
	www.draxexecutive.com /nspcc.html (335 words)

	BEHARRELL FAMILY HISTORY. A history of the three Beharrell families that came to England from Northern France and Holland in 1628
		After the drainage of the Isle of Axholme was finished, the families split, one group moving south about 70 miles to the Fens around Peterborough.
		The other moved a short distance of 10 miles north to the area around Snaith and Drax, then moving some 30 miles east to settle in Wawne in the East Riding of Yorkshire.
		As a result, some of the community left France and fled to Holland, becoming centred on the town of Middleburg on the small island of Walcheren immediately north of the border with France.
	members.aol.com /fdickenson (708 words)

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