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first_imgIndia vs New Zealand: MS Dhoni out injured, Hardik returns after Koffee with Karan rowIndia vs New Zealand, 3rd ODI: Hardik Pandya, who last played for India in September, replaced all-rounder Vijay Shankar in the playing XI. MS Dhoni on the other hand has to sit out with injury.advertisement India Today Web Desk Mount MaunganuiJanuary 28, 2019UPDATED: January 28, 2019 17:47 IST Hardik Pandya returned to the Indian side after his suspension over Koffee with Karan controversy was lifted. (Reuters Photo)Hardik Pandya has been included in India’s playing XI for the third one-day international against New Zealand in Mount Maunganui on Monday. Pandya has replaced Vijay Shankar in the side.On the other hand, India will miss the presence of wicket-keeper and former captain MS Dhoni after he sustained a sore hamstring. Dinesh Karthik has replaced him in the playing XI for the third ODI at Bay Oval.Dhoni has overall missed only five ODIs in the last 14 years because of fitness issues.The last time Dhoni missed an ODI due to an injury was six years ago during a tri-series in the West Indies in 2013. Dhoni had missed three matches in that series because of hamstring strain.In 2007, he did not play against Ireland and South Africa due to viral fever.Hardik Pandya, along with KL Rahul, was suspended for sexist remarks on popular TV show, Koffee with Karan. The duo was sent back home from Australia. However, the suspension was lifted last week pending the appointment of an ombudsman.Pandya returns to the playing XI for the first time since an injury he picked up in the Asia Cup in September last year. After gaining full fitness, Pandya joined the team during the Test series in Australia and was expected to play in the ODIs before the Koffee with Karan controversy erupted.INDIA VS NEW ZEALAND 3RD ODI MOUNT MAUNGANUI LIVE SCOREPandya’s presence lends solidity and balance to the side and skipper Virat Kohli has time and again admitted it. The Baroda all-rounder’s replacement Vijay Shankar is a decent cricketer but is yet to possess the X factor that Pandya has. That Shankar was given only two overs in the second ODI is an example that he is still not ready to shoulder extra responsibility.advertisementKoffee With Karan was aired on January 6 and soon after the controversy followed. In the show, Hardik Pandya and KL Rahul talked about their relationships, crushes, favourite movies, actors and actresses. While Rahul kept a level head on his shoulders and chose his words very carefully while replying to Karan Johar’s questions throughout the show, it was Hardik Pandya who boasted about hooking up with multiple women and even spoke about how open he is with his parents.”When I lost my virginity, I came home and said, ‘Main karke aya hai aaj (I had sex today)’. At a party my parents asked me ‘acha tera wala (women) kaun sa hai [who is your interest here?] so I said yeh, yeh, yeh (pointing out women)’ and they were like ‘waah proud of you beta’,” Pandya boasted.The 25-year-old also said things like, “I like to watch and observe how they (women) move. I’m little from the black side so I need to see how they move,” when Karan Johar asked him why he doesn’t ask women for their names in nightclubs.The Baroda all-rounder received a further setback when Gillette terminated its contract him. Pandya was also replaced in the team by Tamil Nadu all-rounder Vijay Shankar for the ongoing ODI series in Australia and India’s limited-overs tour of New Zealand later this month.The two did apologise for their mistake and the case is under probe now.For sports news, updates, live scores and cricket fixtures, log on to indiatoday.in/sports. Like us on Facebook or follow us on Twitter for Sports news, scores and updates.Get real-time alerts and all the news on your phone with the all-new India Today app. Download from Post your comment Do You Like This Story? Awesome! Now share the story Too bad. Tell us what you didn’t like in the comments Tags :Follow Hardik PandyaFollow India vs New ZealandFollow Koffee with Karan controversyFollow Vijay ShankarFollow MS Dhonilast_img read more

MONTREAL – Clarke Inc. (TSX:CKI) is making a play for the Supremex envelope company, offering $19.27 million to buy out the other shareholders and take the firm private.The Halifax-based Clarke, which owns 45.1 per cent of Supremex, says it has made an offer of $1.20 per share for each of the more than 16 million shares in Supremex (TSX:SXP) it doesn’t own.Supremex shares closed up nine cents at $1.18 on the Toronto Stock Exchange.Clarke has a history of taking an activist role in companies and industries that are in long-term decline, and bringing in new approaches in hopes of turning a profit.“No one expects the envelope industry to turn around so we think that it provides fair value and it’s fair to everyone,” Clarke vice-president Michael Rapps said in an interview.Rapps said Supremex is a very small company for public markets and taking it private would eliminate some of the regulatory and compliance costs involved.“Markets don’t tend to put value on businesses that are in a secular state of decline.”While Clarke has committed to retain Supremex’s management, it would also reduce staffing and other costs over time as the industry continues to shrink.The volume of envelopes produced by Supreme Inc. (TSX:SXP), which has its head office in the Montreal community of LaSalle, has decreased by about a third in a few years, falling to less than five billion a year.It lost $18.69 million last year as revenues declined 8.3 per cent to $131.9 million.During the fourth quarter, Supreme increased its operating margin as it implemented cost reductions including the conversion of pension plans to defined contribution from define benefits.Supremex described Clarke’s proposal as an expression of interest and not a binding offer that would be subject to shareholder and regulatory approvals.Its board has established a special committee of independent directors, including the board chairman, to review the proposal and make a recommendation.Clarke said Supremex is free to discuss strategic transactions with other potential buyers, but it “will be reluctant to consider acquisition proposals for Supremex from third parties.”Rapps said Clarke has enough shares to block any other bid but said its effort should not be considered hostile. It went public with a news release Monday because it had an obligation to make a regulatory filing.“Anyone who’s going to make another offer should be talking to us before they should be talking to the company because if we don’t like it we just say no.”Clarke nearly doubled its stake in Supremex in November by acquiring 5.2 million shares in two rounds, paying $1.08 and $1.05 per share. At the time, it said the purchases were for investment purposes, but noted that it relied on the private agreement exemption from the formal takeover bid rules set out in the Ontario Securities Act.Supremex is a manufacturer and seller of envelopes and related products, with facilities in six provinces and about 550 employees. Company CEO Gilles Cyr didn’t immediately return calls seeking comment.Adam Shine of National Bank Financial said in a research note that Supremex’s shares have decreased since January 2007 amid “evolving secular declines in envelope demand.”He recently upgraded the company’s rating to sector perform following the release of the fourth-quarter results on March 12 that saw its net profit increase 9.5 per cent to $3.23 million despite an 8.1 per cent drop in revenues due mainly to lower Canadian volumes.Over the past 52 weeks, Supremex shares ranged between 93 cents and $2.19 Clarke seeks to buy Supremex despite envelop maker’s declining demand AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by Ross Marowits, The Canadian Press Posted Mar 25, 2013 1:12 pm MDT read more

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