1. UPDATE 1-NTT unit to offer repairs for big solar plants- Nikkei


    The service, scheduled for next spring, will prevent the deterioration in performance that can reduce power output of a solar plant by about 15 percent over about a 17-year life, the paper said.NTT is targeting trading companies, financial institutions and other enterprises building mega solar plants to cash in on the introduction of the feed-in-tariff mechanism for renewable energy resources that takes effect next July in Japan, the Nikkei said.Initially, NTT Facilities, which designs and installs solar plants for industrial purposes, will offer its new monitoring and maintenance service to the same customers that use its installation service, the daily said.The company intends to use special equipment built into power conditioners to monitor operations at solar plant from a server on the internet to identify times when declines in electricity output take place due to malfunctions and immediately dispatch maintenance staff to make repairs, the paper said.NTT Facilities, which hopes to sign up about ten customers in fiscal 2012, will charge 400,000-500,000 yen ($5,206-$6,508) annually for monitoring service and a separate 500,000 yen to 1 million yen for each repair visit, the Nikkei reported. ($1 = 76.825 Japanese Yen)

     
  2. CORRECTED-UPDATE 2-99 Cents gets offer (Oct. 6)


    * Ares offer may top bid from Leonard Green -NYPostOct 6 (Reuters) - 99 Cents Only Stores has received a takeover offer from investment firm Ares Management LLC that rivals an existing bid from Leonard Green & Partners, a source familiar with the situation said on Thursday.The New York Post reported that Ares made a binding offer in the range of $22 a share, or about $1.55 billion, topping Leonard Green’s offer, which is in the range of $20 a share, or $1.41 billion.Shares of 99 Cents gained 8.4 percent to close at $20.05 on Thursday.Ares, Leonard Green and 99 Cents could not be immediately reached for comment.In March, Leonard Green and the Schiffer-Gold family, which owns about a third of 99 Cents’ stock, offered $19.09 per share for the company.The New York Post also reported on Thursday that private equity firm Apollo Managementhad dropped out of the running for the dollar chain after being unable to arrange the funds.In September, the New York Post had said Apollo Management was weighing a $24 a share bid for 99 Cents. The report also said that Leonard Green was mulling a final offer that would be higher than its prior proposal of $1.3 billion.The Schiffer-Gold family was willing to support either Apollo or Leonard Green, and sell most of its shares to the winning bidder, the paper had said.