Tag: 贵族宝贝

SA’s image ‘about to change forever’

first_img10 May 2010 The 2010 Fifa World Cup™ will forever change the world’s perception of South Africa, President Jacob Zuma said at the opening of the Tourism Indaba trade show in Durban on Saturday. “It is in our hands to make this the best World Cup ever,” Zuma said, adding that South Africa stood to benefit from hosting the event World Cup for decades to come. “The World Cup has changed the face of this country. Not only has it revatilised our economy, but it has given impetus to infrastructural development and job creation,” Zuma said. “It is estimated that over 3.6-million additional job opportunities will be created during the tournament,” Zuma said, while the country’s public transport network had been completely revitalised, with over US$10.9-billion having been spent on upgrading road infrastructure and the taxi recapitalisation programme. “The highways between the OR Tambo International Airport and Pretoria, and Johannesburg and Pretoria, are among the many roads that have been improved. The bus rapid transit system has been rolled out in most cities. The Rea Vaya bus service between Johannesburg and Soweto now transports 20 000 people a day.” By 2020, Zuma said, more than 85 percent of any South African city’s population will be living within a kilometre or closer to an integrated rapid public transport network feeder or corridor. The World Cup had “placed us on the high road,” Zuma said, while giving the country an unprecedented destination marketing opportunity. “Much has been invested in the six years leading up to kick-off next month, and investments in the tourism industry, infrastructure, airports, information technology and stadiums leaves South Africa poised to maximise growth in numerous areas going forward. “After the tournament South Africa will have more skilled people working in tourism and better tourism infrastructure to grow arrivals and foreign direct spend into the economy,” Zuma said. “The World Cup will also deliver about 350 000 more foreign visitors this year that will, in the medium to long term, result in greater repeat visits and word-of-mouth recommendations for the destination. “South Africa’s 10 World Cup-ready football stadiums give South Africa truly magnificent, capable and world-class sports venues. As important, they give the world a capable destination for global sporting and cultural events such as the world cups of other sporting codes, the Olympic Games and music concerts. “Other World Cup legacy bequests include broadcasting and information technology infrastructure that puts the nation at the forefront of the digital age in terms of digital broadcasting, high-definition television and broadband internet accessibility,” Zuma said. Indaba delegates were treated to an opening ceremony that included performances by TKZee, by South Africa’’ world-famous Drakensberg Boys Choir, and performances of the Diski Dance that has ignited the imagination of the world and the passion of the country for the 2010 football championship. “South Africa is ready for the World Cup,” Zuma said. “We look forward to welcoming the world, to hosting the world and to celebrating with the rest of the continent the first World Cup here in Africa.” Source: South African Tourismlast_img read more

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Cookbook celebrates South Africa’s culinary heritage

first_imgSouth African chef Nompumelelo Mqwebu is taking local cuisine to the world with the release of her new cookbook, Through the Eyes of an African Chef, to be published in October 2017.South African chef Nompumelelo Mqwebu’s new cookery book is a fresh take on traditional South African food. Through the Eyes of an African Chef is published on 6 October 2017. (Image: Africa Meets Europe)CD AndersonMqwebu runs the Africa Meets Europe/Mzansi International Culinary Festival chef school, skills training company, hospitality service provider. Before this, she spent 10 years training and developing her cooking skills in South Africa and around the world, including at cooking schools and kitchens in New York, London and Ireland.Her first love, though, is African food and in her new book of South African recipes, she writes about her intention to introduce the world to authentic South African food, as well as tell the story of how food plays an important role in the country’s diverse heritage.South African chef Nompumelelo Mqwebu’s new cookery book is a fresh take on traditional South African food. Through the Eyes of an African Chef is published on 6 October 2017. (Image: Africa Meets Europe)“This book aims to introduce authentic South African cuisine for both simple home and professional restaurant cooking. It reintroduces traditional practices and recipes cooked with ingredients straight from an organic garden with modern adaptations and fusion with other cultures who have touched this soil. Food evocative of a nation blessed with generous resources, arable land and inhomogeneous cultures. It is time to prove South African cuisine can rub shoulders with the food currently served in our restaurants,” Mqwebu says in the introduction to Through the Eyes of an African Chef.Mqwebu grew up in KwaZulu-Natal, in a family proud of its heritage and enthusiasm for African cooking. A chapter in the book is dedicated to her father’s favourite dishes, including unique takes on an umhlazi (tomato) and meat broth, as well as oxtail.“[My father] enriched our lives with his Sunday meals… and instilled in us a sense of culinary adventure,” she writes. “I appreciate and acknowledge those who passed on food recipes, styles, preferences, tastes, culture and life through generations… we should continue to honour [this].”Another of the book’s chapters covers the history of Khoisan food culture, and includes recipes for honey-glazed springbok and natural tsamma melon juice.Other chapters feature recipes Mqwebu developed during her travels across Africa and her training in Europe, including her tenure at the Ballymaloe Organic Farm & Cookery School in Shanagarry, Ireland. Here she learned the importance of small-scale organic farming and sustainable farming techniques.Developing small-scale food producersSouth African chef Nompumelelo Mqwebu’s new cookery book is a fresh take on traditional South African food. Through the Eyes of an African Chef is published on 6 October 2017. (Image: Africa Meets Europe)Currently, Mqwebu, through Africa Meets Europe, works with female small produce farmers around the country, developing their farming and business skills to supplement their incomes. On the company’s website, she writes: “producers… are a vital part of our growth and economy. I [want] to showcase unity in food… [and create] a revival and evolution of our food culture [that] pays respect to our history and teaches us how we can best bring life back as it should be in Southern Africa.”At Africa Meets Europe, the ethos is producing and using good, clean and fair food through the promotion and upliftment of small organic producers. The company also specialises in fresh produce market events and food security education.Additionally, Mqwebu is concerned with the advancement of women and young people in the hospitality industry. She teaches and employs new chefs and food industry entrepreneurs, and develops new skills for the community.With Through the Eyes of an African Chef, Mqwebu wants to ignite the world’s passion, as well as rekindle South Africans’ love for the country’s rich and diverse food heritage, through finding “fresh new ways of practising, preserving and upholding Africa’s finest culinary traditions”.Through the Eyes of an African Chef by Nompumelelo Mqwebu will be published on 6 October 2017.For more information on the book, visit the Africa Meets Europe website.Source: Africa Meets EuropeWould you like to use this article in your publication or on your website? See Using Brand South Africa material.last_img read more

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Living In The Light: A Tribute To The “Wheel Of Time”

first_imgBook 11: Knife of DreamsThe boy was now a man, still young and full of the arrogance of a young adult who has tasted some early success. There was also pain. Deep, emotional pain. He did not know it then, but this pain was a thing that many people his age experienced. It was an existential rift, threatening to tear his soul apart. The young man swallowed the pain, allowed it to harden him and make him cold, calculating. He believed that allowing the pain to make his heart a stone gave him strength. He did not know how foolish he was.The young man sat in his apartment, reading Knife of Dreams, the 11th book of the Wheel of Time, which had just been released. He was alone, except for his dog, and enjoyed the silence and solitude of his self-mandated exile to University. He had left his friends behind and looked to make a new life for himself.It was hard not to notice the similarities between himself and Rand al’Thor. The Dragon Reborn also faced an existential crisis, allowing himself to become hard to the point of breaking. A darkness was consuming him, to the detriment of the world he was destined to protect. While the young man sympathized with the Dragon Reborn and saw the correlation in their predicaments, he thought himself more like Mat Cauthon. Mat was a gambler and a carouser, a world-class complainer, a scamp, a rogue and a scoundrel. These were traits that the young man could get behind. Mat was also brilliant and crafty and, while he complained about it, would always end up doing the right thing. Even if it was difficult. 4 Keys to a Kid-Safe App dan rowinski Book 12: The Gathering StormIt had been years since the man had thought of the Wheel of Time. Robert Jordan had died in 2007 and the man wondered if the series would ever be finished. Finally, a new book had been released, completed by Brandon Sanderson, a fantasy writer picked by Jordan’s widow Harriet McDougal to finish the series. The man had, more or less, passed his existential crisis. Reading The Gathering Storm, the 12th book of the Wheel of Time, the man hoped that the Dragon Reborn would as well. After all, the fate of the world rested on his shoulders.The man, no longer a boy and past the angst of young adulthood, begun to think of himself like Perrin Aybara, the blacksmith turned wolfbrother, turned reluctant lord of his people, turned force of nature. Perrin, above all else, was responsible. Levelheaded and deep thinking, practical and meticulous, Perrin’s ability to think through all the aspects of a problem gave him power. Once set upon a task, Perrin would see it to the end and do it right. Though the man still embodied aspects of both Rand and Mat (especially Mat), Perrin was a guide through the heart of darkness.By the end of the 12th book, Rand indeed had found his heart again. He learned how to laugh, to accept his fate while marshaling his skill and resources to the task in front of him. It had taken a long time for Rand to come to grips with himself and learn to smile again, to trust people. Just like it had been so many other times in their lives together, the man and the Dragon Reborn had reached the same point in their lives at the same time. 5 Outdoor Activities for Beating Office Burnout EpilogueThe man wept. Uncontrollable, body-shaking sobs ran through him. He had been up most of the night before. A Memory of Light, it turned out, was almost all he had hoped it to be. Characters he cared for fought and died, hundreds of pages of endless battle making up for the middle books that had been nothing but dialogue. The Last Battle grew desperate, the characters weary and exhausted from fighting the Shadow in a battle that seemingly would never end. The man, fighting his own exhaustion, fell asleep with the book in his hand.When he woke, he could not simply put the book aside and start his daily work. After more than 20 years, he was not going to wait another hour to see if the Dragon Reborn would kill the Dark One.The last 300 pages of the Wheel of Time were intense and chaotic, hope mixed with despair. The man’s weeping had much to do with the plight of the characters, but also the path of his own life reflected through them. In the end, he felt raw, tired but happy. He knew the Wheel of Time was more than just an epic fantasy series written by a talented author. It was part of him and he was part of it. He closed the book and sighed, wiping tears from his cheeks.There are neither beginnings nor endings to the turning of the Wheel of Time. But it was an ending. Let the Dragon ride again on the winds of time. Book 14: A Memory of LightThe Last Battle was coming. The man could not wait. He took upon the massive undertaking in July to read all 14 books (including the prequel New Spring) before the 15th and final book, A Memory Of Light, arrived in January of 2013. It had been a long time since the man had read all the books. The longer the Wheel of Time series ran, the harder it was to re-read all the previous books leading up to the latest one. The man had taken to re-reading only the previous two or three before starting the newest release. It was like coming home. He relished the flight from the Two Rivers, having forgotten how engaging and exotic the first few books had been. He grew weary when the story dragged after the eighth book, when Jordan spent more time letting Aes Sedai argue than advancing the plot. He felt the tingle of anticipation reading the two Sanderson books before A Memory of Light, and respecting Sanderson for his brilliant stewardship of the beloved series. As the man moved through the series, all four million words of it, he recalled the path he had taken to this point and how the characters of the Wheel of Time had been his companions, his Light, through his life. It was a catharsis, the pain and joy, trials and tribulations of his teens and 20s put to bed through his journey, one last time, through the Wheel of Time. The series, like it had been so many times before, were his escape. His Pause. A respite from a life that had become dominated by smartphones and social media, the endless maw of his own writing, chronicling the world of technology in his day-to-day life. And finally, after so many years of waiting, the final chapter had arrived. PrologueWe live in a world dominated by technological immediacy. In so many ways, the interest and ability to get lost in a long story that takes us away from this world is fading from our popular consciousness. Sometimes, we need to take a Pause. Pick up a book you may never have thought of reading before and get lost in a different world. You just might find something that becomes an integral part of how you live your life, away from the distractions of Twitter and Facebook, iPhones and Android.My escape from technology (and all of the other tribulations of life) has come in the form of Robert Jordan’s Wheel of Time. The 15-book series was 23 years in the making. Each book has been a New York Times bestseller. The final book, A Memory of Light, was released earlier this month and is already an Amazon bestseller. Below is a tribute to the series, told in the style of Jordan, which chronicles my journey through the Wheel of Time and how it has long served to put the real world into perspective. Book 1: The Eye Of The WorldThe Wheel of Time turns, and Ages come and pass, leaving memories that become legend. Legend fades to myth, and even myth is long forgotten when the Age that gave it birth comes again. In one age, called the Modern Age by some, an Age yet to come, an Age long past, a wind rose among the islands of the Gulf of Maine. The wind was not the beginning. There are neither beginning nor endings to the turning of the Wheel of Time. But it was a beginning.Inland the wind blew. Cold and bitter, it whipped the trees on the coast and frothed the tops of blue-grey waves in to white caps. It blew through the sea walls and around small islands, casting icy tendrils of snow across the landscape lush with green pine trees. The wind followed a road, long with pavement broken by years of patching from the damage of excessive winters, towards a small two-story house that lay slumbering in the predawn light.The wind rattled the windows of the house, causing a boy, midway through his 10th year, to pull his blanket closer around his shoulders. It was Christmas Day, or the Festival of Lights as the boy was beginning to think of it, and he had woken before the rest of his family to raid his stocking, bulging full next to those of his brothers and sisters. He was allowed to open his stocking when he woke up – but not yet the massive pile of wrapped gifts under a well-decorated and brightly lit tree next to the hearth. A pile of candy and small toys lay strewn around the boy. His mother, he was long past the concept of Santa Claus, always liked to stuff the stockings with goodies for the children, along with items that would likely prove useful in the year to come. A paperback book lay among the rubble, small but thick, with a picture of two people on horseback, one a tall man in majestic armor, the other a small woman garbed in white. The boy looked at the book and set it aside, moving on to more exciting discoveries among the stocking.The title of the book read The Eye Of The World, the first book of The Wheel of Time, by an author named Robert Jordan. The boy did not know it at the time, but the book, and the series that followed, would consume his consciousness and inform his life for the next 20-plus years.  Tags:#books#Pause#publishing 12 Unique Gifts for the Hard-to-Shop-for People… Book 8: The Path of DaggersThe boy was growing into a young man. Not quite yet an adult, he sat in his basement bedroom in the new house his parents had just bought. It was late June and the boy was alone and angry. His parents had moved from that Maine house to one in mountain foothills of Virginia, taking him away from the friends he had known all his life, just as summer started. So, he turned to friends he knew would never abandon him, devouring the books that had become some of his most prized possessions. He was reading The Path of Daggers, the eighth book to the Wheel of Time. It had come out the fall of the year before, but the boy had not yet gotten around to reading it. He had a tradition that must be followed. When Jordan released a new Wheel of Time book, the boy would read every book in the series again before starting the new one. With every book nearly 800 to 1,000 pages, the tradition was beginning to take a long time. He followed the path of his friends. Rand al’Thor, the Dragon Reborn. Mat Cauthon, the scoundrel, gambling son of battles. Perrin Aybara, the stolid blacksmith. Egween al’Vere and Nynaeve al’Meara, the stubborn but talented fledgling Aes Sedai. The people of the Two Rivers that fought to save the world and win Tarmon Gai’don, the last battle between the forces of Light and Shadow.The books were the boy’s solace and his escape, especially through this summer, one of the most difficult and disappointing of his life. He had begun to associate himself with various characters’ traits. He thought of the Two Rivers as his former home in Maine, a place he had been forced to leave. He did not know it then, but just like the characters of the Wheel of Time, leaving his Two Rivers would ultimately be the best thing for him.  9 Books That Make Perfect Gifts for Industry Ex… Related Posts last_img read more

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PCs Are In Free Fall, But Windows 8 Shouldn’t Get All The Blame

first_imgbrian proffitt Top Reasons to Go With Managed WordPress Hosting Tags:#Samsung#Windows 8 Related Posts A Samsung exec has smacked around Microsoft’s Windows 8 operating system, calling it out as a big reason why the global PC industry’s numbers are tanking. But is this really the smoking gun?“The global PC industry is steadily shrinking despite the launch of Windows 8,” Jun Dong-soo, President of Samsung’s memory chip division, said in an interview with The Korea Times last week. “I think the Windows 8 system is no better than the previous Windows Vista platform,” he added.Jun’s remarks were in response to IDC reports of declining PC sales, which dropped 3.7% in 2012, and are expected to shrink another 1.3% in 2013:“The U.S. PC market struggled in 2012, culminating with a 6.5% year-on-year decrease in the fourth quarter and -7.6% growth for the full year. Market saturation, a tough economic environment and weakness across the board, and lack of momentum for Windows 8, which led to 2012 contraction, are expected to persist at least during the first half of 2013,” reported Rajani Singh, Research Analyst at IDC. “IDC expects the second half of 2013 to regain some marginal momentum partly as a rubber band effect from 2012, and largely thanks to the outcome of industry restructuring, better channel involvement, and potentially greater acceptance of Windows 8. We also anticipate a new refresh cycle momentum in the commercial segment driven by the end of Window XP life support.”If anything, Jun’s scathing remarks echo what IDC is saying: Windows 8 hasn’t given a lot of new juice to the PC market. And that’s pretty much hard to argue. But — and I can’t believe I am writing this — sticking the blame on Windows 8 is pretty much a dodge for a lot of other things that are going wrong for the PC world. Here are the quandaries I think about every time I need to look for a PC-type device.Cloud-Oriented Devices Rule. PC makers, get a grip. The rise of smartphones and tablets was bound to cut into your sales. When you sold PCs to consumers all these years, consumers who were doing little more than Facebooking and watching YouTube, essentially you were selling them a Mustang Shelby GT500 when all they needed was a golf cart. And guess what? They figured that out. Home consumers aren’t always interested in productivity and creative apps, so devices that connect on cloud-based services are Perfectly Fine.Stationary Form Factor. Say I still want the productivity power. (Which I do.) PCs are big. They take up space. Even if you have a hockey-puck device like a Mac Mini, you’ve still got to factor in the monitor, keyboard and mouse. I need a desk for this thing, and it’s not portable. Productive workers are getting used to the notion of mobility, and old-school PCs are not fitting the bill.Cost. We’ve had laptops and notebooks for how long, and they’re still coming in with a price premium? I get that making laptops is harder than PC-form devices, due to size, power and complexity issues, but it would be great if I could walk into a computer showroom and not have sticker shock for top-of-the-line notebooks and laptops. You can make the argument that you pays for what you gets, but unless you need these things for your livelihood or a serious hobby, why buy?Windows 8, frankly, doesn’t even enter into the equation. That’s because I can either (1) buy a machine pre-loaded with Windows 7, (2) pick up a Mac or (3) just rip out whatever and install Linux on the machine (my most likely scenario). And, since no one would argue that options 1 & 2 are not beyond the technical expertise of most PC users (and I would dispute that option 3 is all that hard), then pointing the finger at Windows 8 seems incongruous at best.There’s no love lost between me and Windows anything, to be sure. But hardware manufacturers have options to better reach customers, which they need to take. Plus, I’m not sure Jun and his colleagues in the PC industry have much to worry about. Yes, PC sales will contract, but eventually the core business/productivity market will be reached, and sales will stabilize.And as IDC’s Singh noted, the end of life for Windows XP is coming, which is going to drive more new PC sales as consumers and IT managers alike start upgrading their hardware to be compatible with Windows 7 and even Windows 8.Image courtesy of Shutterstockcenter_img A Web Developer’s New Best Friend is the AI Wai… Why Tech Companies Need Simpler Terms of Servic… 8 Best WordPress Hosting Solutions on the Marketlast_img read more

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Gowda wins silver in men’s discus throw

first_imgVikas Shive Gowda won India its third athletics medal as he bagged the silver in men’s discus throw in the Commonwealth Games on Sunday.India’s Vikas Shive Gowda shows his silver medal won in the discus event of the Commonwealth Games 2010 at the Jawaharlala Nehru Stadium in New Delhi on Sudnay. Photo: PTIUS-based Gowda, who holds the national record of 64.96m, finished second with a throw of 63.69m, his season’s best, in front of a nearly 50,000 spectators on the fifth day of the athletics events at the Jawaharlal Nehru Stadium here.Australia’s Benn Harradine, the season’s leader among Commonwealth discus throwers, clinched gold by clearing a distance of 65.45m, while Carl Myerscough bagged the bronze with an effort of 60.64m.The weekend crowd, who packed all the stands except for the VIP Granstand at the 60,000 capacity showpiece stadium, cheered the 27-year-old Gowda in all his six attempts. He achieved his silver-winning throw in his second attempt.last_img read more

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Olympics 2012: 8 women badminton players land in fixing row

first_imgThe Chinese Olympic delegation has started investigations intoallegations that some of its badminton players were deliberately losingin the group stage of the London Olympics. “The Chinese OlympicCommittee is devoted to promote the Olympic spirit, carries forward thesports spirit of equity and justice, and opposes any kind of behaviourto violate the sporting spirit and morality,” a delegation spokesmantold Xinhua on Wednesday.The Badminton World Federation chargedeight women’s doubles players, two from China, four from South Korea,and two from Indonesia, with “not using one’s best efforts to win thematch” after two contests ended in controversy on Tuesday night.The spokesman said the Chinese delegation will take further action depending on the outcome of the investigation. World Champions Wang Xiaoli and Yu Yang of China were booed by the crowd atthe Wembley Arena on Tuesday after they appeared to deliberately losepoints against South Koreans Jung Kyun-eun and Kim Ha-na in a groupmatch.last_img read more

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a month agoAtletico Madrid great Futre: Felix will take the throne from Ronaldo

first_imgAtletico Madrid great Futre: Felix will take the throne from Ronaldoby Carlos Volcanoa month agoSend to a friendShare the loveAtletico Madrid great Paulo Futre is convinced Joao Felix will have a huge future.Indeed, Futre says Felix will be a future Ballon d’Or winner.He declared: “Joao Felix is twenty years old, he is a champion, he can occupy the throne of the best Portuguese player when (Cristiano) Ronaldo will stop and he can also win the Ballon d’Or.” On Juventus star Ronaldo, Futre says that “he’s even better than (Usain) Bolt”.And on Juve defender Matthijs de Ligt, he says he is “a crack, like Felix, and that in the Champions League will find it easier than in Serie A”. About the authorCarlos VolcanoShare the loveHave your saylast_img read more

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This Might Be A Perfect Description Of What Jim Harbaugh Looks Like

first_imgHead coach Jim Harbaugh of the Michigan Wolverines gathers his team before the start of the game.ARLINGTON, TX – SEPTEMBER 02: Head coach Jim Harbaugh of the Michigan Wolverines watches his team warm up before the game against the Florida Gators at AT&T Stadium on September 2, 2017 in Arlington, Texas. (Photo by Ronald Martinez/Getty Images)The best bit in sports radio is The Dan Le Batard Show With Stugotz‘s “What He Looks Like Game.” Le Batard, Stugotz and Co., with the help of their listeners, try to come up with perfect descriptions of what people in sports look like. Some examples:Paxton Lynch looks like the old school Tampa Bay Buccaneers logo.Vin Scully looks like the one real human in a Disney movie filled with animated talking animals.Dan Gilbert looks like the guy who shaves in the locker room mirror at the gym while totally nude.They’ve come up with one for Jim Harbaugh and, Ohio State fans, it’s pretty perfect, right?Jim Harbaugh looks like the guy who yells at his wife in front of everyone when they lose at Pictionary on gamenight pic.twitter.com/Whz6ERQVAI— What He Looks Like (@WhatHeLooksLike) May 8, 2016He totally does.last_img read more

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State hands over land to set up research centre in Jyoti Basus

first_imgKolkata: The Mamata Banerjee government has given the possession of a plot of land to Left Front for setting up a research centre in the name of former chief minister and party veteran Jyoti Basu.”We have handed over the possession letter to CPI-M state secretariat member Rabin Deb on Wednesday. The Cabinet approval for the same has already been received. I have asked Deb to inform us when they submit their building plan to Newtown Kolkata Development Authority (NKDA) so that the process can be fast tracked ,” said Firhad Hakim, state Urban Development and Municipal Affairs minister in Nabanna on Thursday. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari PujaHe reiterated that no additional money was taken from the party while handing over the possession letter. The proposed centre is scheduled to have digitised information on Basu, besides housing an auditorium, a conference room, a seminar room, a library and guest rooms. The erstwhile Left Front government was allotted a five-acre plot of land in 2010 to build the Jyoti Basu Centre for Social Studies and Research in Rajarhat-Newtown with the party planning to launch the centre on Basu”s centenary in 2014. However, the deal delayed with the Trinamool Congress government assuming power in 2011. The Left Front delegation had called upon both Chief Minister Mamata Banerjee who asked Firhad Hakim to expedite the matter.last_img read more

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Swiss giant Novartis to buy USbased AveXis in 87B deal

first_imgGENEVA – Swiss pharmaceuticals giant Novartis says it has agreed to buy the U.S.-based gene therapy company AveXis Inc. for $8.7 billion, part of its goal to become a leader in the treatment of neurodegenerative diseases.The two companies say their respective boards have voted unanimously to approve the deal, to be paid for through cash and short-term borrowing.The tender offer for $218 per share announced Monday marks a whopping 88 per cent premium from AveXis’ closing price in Nasdaq trading on Friday.Basel, Switzerland-based Novartis called the deal set to close in mid-2018 a “financially attractive acquisition with multi-billion dollar peak sales potential” even if it isn’t expected to add to core operating income until 2020.The lead AveXis gene therapy candidate is for spinal muscular atrophy Type 1, which Novartis called the top genetic cause of death in infants, in which “nine out of 10 infants do not live to their second birthday or are permanently ventilator dependent.”The top executive for Novartis Pharmaceuticals, Paul Hudson, said the deal to bring in AveXis “would support both our ambition to be a leader in neurodegenerative diseases and our Neuroscience franchise priorities to strengthen our position in devastating pediatric neurological diseases such as SMA.”last_img read more

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