Sun & Planet Gear Cufflinks - New Release

Twist and turn the outer rim of these edgy little cufflinks and watch as the cogs smoothly rotate and turn.Each cog has been wire cut to ensure a perfectly smooth interlocking function. With no cast components, the back is made from carbon fiber, so not only do they look the part, but there is guaranteed to be no friction.These come with stunning rose gold plated outers and white rhodium plated cogs. These planetary cufflinks will be the stars of your sleeve!Part of the Fundamentals collection, this innovative range offers the highest quality cufflinks that are made to last a lifetime. With domed oval spring link fittings featuring the Deakin & Francis logo for authenticity, these cufflinks come beautifully packaged in our unique presentation box. Approximately 3/4" diameter, Features a rose gold outer ring, white rhodium plated cogs, and a carbon fiber backing, Cogs rotate when outer edge is turned, Flip oval whale back closure featuring the Deakin & Francis logo,

LONDON (Reuters) - OPEC is struggling to add barrels to the market after agreeing in June to increase output, an internal document seen by Reuters showed, as an increase in Saudi Arabia was offset by declines in Iran, Venezuela and Angola. The Organization of the Petroleum Exporting Countries and allies agreed in June to boost supply as U.S. President Donald Trump urged producers to offset losses caused by sanctions on Iran and to dampen rising prices. Saudi Energy Minister Khalid al-Falih said OPEC and non-OPEC would pump roughly an extra 1 million barrels per day (bpd) following the June agreement. The OPEC document seen by Reuters adds to signs they have yet to deliver the full amount.

OPEC says it is on course to do so, although it hasn’t given a timeframe, “It is a work in progress,” OPEC Secretary General Mohammad Barkindo said earlier this week, The internal document prepared by OPEC’s Vienna headquarters for a technical panel meeting on sun & planet gear cufflinks Friday showed that OPEC members, excluding Nigeria, Libya and Congo pumped an extra 428,000 bpd in September compared to May, The OPEC and non-OPEC technical panel called the Joint Technical Committee reviews producers’ compliance with their oil supply pledges..

Top exporter Saudi Arabia pumped most of the extra oil, raising output by 524,000 bpd in September compared to May, the document showed. Other increases came from Iraq, Kuwait and the United Arab Emirates. Iran, facing U.S. sanctions on its oil exports from Nov. 4, cut production by 376,000 bpd in September versus May, and has said OPEC and Saudi Arabia are not able to make up for a total loss of its exports. “There is no spare capacity,” Iran’s OPEC governor, Hossein Kazempour Ardebili, said last month.

(Reuters) - Dell Technologies Inc will ask holders of “tracking stock” tied to its software company VMware Inc to vote on its $21.7 billion cash-and-stock offer to buy it back from them on Dec, 11, according to people familiar with the matter, The move sets Dell on a collision course with some investors opposing the offer, including billionaire Carl Icahn, who owns 8.3 percent of the tracking stock, Icahn argued in an open letter to other investors this week that the deal would unfairly give $11 billion in value to Dell’s controlling shareholders, founder Michael Dell and private equity firm sun & planet gear cufflinks Silver Lake..

Dell issued the tracking stock in 2016 to buy data storage company EMC for $67 billion because it could not pay for the entire deal in cash and did not want to add to its debt burden. EMC owned a majority stake in VMware, which Dell inherited. The security “tracks,” or depends on, the financial performance of VMware, and has been trading at a discount of more than 35 percent to VMware’s stock, which is steeper than what investment bankers advised Dell it initially would be. This has emboldened investors such as Icahn to argue that Dell’s offer undervalues the tracking stock.

Dell needs a majority of the holders of the tracking stock to approve the deal, An Oct, 18 record date has been set, by which time investors needed to hold the tracking stock to be eligible to vote, according to the sun & planet gear cufflinks sources, The acquisition of the publicly-traded tracking stock would result in Dell becoming a publicly listed company without an initial public offering (IPO), Dell disclosed on Oct, 3 that it had met with investment banks to explore an IPO as a contingency, Dell will explore the IPO further only if the tracking stock owners vote down the offer in December, the sources said, asking not to be identified because the decision to set a vote has not yet been announced, A Dell spokesman did not immediately respond to a request for comment..

Dell is offering $109 in cash for each tracking share, up to $9 billion in total, with the remainder payable with 1.3665 shares of Dell’s Class C common stock for each tracking share. That is equivalent to a 41/59 cash-stock split. Following the deal, investors who owned the tracking stock would collectively account for between 20.8 percent and 31 percent of Dell’s ownership. Icahn said this week that, based on his calculations, the tracking stock should be worth about $144 per share, and that Dell’s offer is actually worth only $94 per share, because, in his view, Dell is inflating the value of its own privately held shares. The tracking stock ended trading on Thursday at $94.49.

Dell has argued that its growth justifies a pre-transaction equity value for the company of $48.4 billion, Dell has also cited its regulatory filings that show the deal was the outcome of months-long negotiations between Dell and a special board committee representing the interests of tracking stock owners, Dell can force investors to convert their tracking stock into common stock at a 20-percent premium in the sun & planet gear cufflinks first year following an IPO, 15 percent in the second year, and 10 percent from the third year on, It has argued that tracking stock investors are better off accepting its offer now, which carries a 29 percent premium to the price of the tracking stock on June 29, before Dell announced the transaction..

Recent Posts