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  • LONDON, May 11- The billionaire stockbroker bankrolling the campaign to pull Britain out of the European Union agrees with opponents of Brexit that it will make the country more insecure, but he thinks that is just what the United Kingdom needs. "It will be like Dunkirk again," he said, comparing it to the sealift when Britain was forced to evacuate its forces from...

  • LAS VEGAS, May 11- William Doyle, a key figure in Pershing Square Capital Management's controversial investment in battered drug company Valeant Pharmaceuticals, is leaving the hedge fund, its founder, William Ackman, told investors on Wednesday. Doyle introduced Michael Pearson, the former CEO of Valeant, and Ackman, the billionaire activist investor, in early...

  • LONDON, May 11- The billionaire stockbroker bankrolling the campaign to pull Britain out of the European Union agrees with opponents of Brexit that it will make the country more insecure. But he thinks that is just what the United Kingdom needs. "It will be like Dunkirk again," he said, comparing it to the sealift when Britain was forced to evacuate its forces from...

  • NEW DELHI, May 11- India has failed in its initial attempt to secure the return of debt-strapped tycoon Vijay Mallya from Britain but New Delhi said on Wednesday it would continue to seek his repatriation to face his creditors. Mallya flew to London two months ago, under pressure from bankers seeking to recover about $1.4 billion owed by his collapsed Kingfisher...

  • May 10- Billionaire investor William Ackman's Pershing Square now holds a 5 percent stake in Zoetis Inc after the hedge fund sold about $800 million worth of shares in the animal health company, according to a regulatory filing. Ackman sold 16.85 million Zoetis shares at an average price of $46.55 each, the filing showed on Tuesday. The fund had reported an 8.6...

  • NEW YORK, May 10- At quick glance, public pensions should be running from hedge funds. Then, this February, the $15 billion Illinois State Board of Investment said it would reduce its target allocation from 10 percent to just 3 percent. Henry Garrido, a worker union leader and NYCERS trustee, cited the industry's high fees and poor performance in scoring a...

  • May 9- Krispy Kreme Doughnuts Inc agreed to be taken private by JAB Holding Co for about $1.35 billion as Germany's Reimann family continues to build up its global coffee empire. The company, which led the $13.9 billion buyout of K-cup maker Keurig Green Mountain in March, already owns the Caribou Coffee and Peet's Coffee& Tea chains in the United States.

  • *JSW Group one of India's most indebted conglomerates. MUMBAI/ NEW DELHI, May 10- India's JSW Steel Ltd has bid for the British operations of Tata Steel Ltd, two sources with direct knowledge of the matter confirmed on Tuesday, prompting concerns about its debt levels and putting pressure on its shares. JSW Steel said in a statement it was evaluating UK steel assets...

  • Vivint Solar has filed a lawsuit in Delaware against SunEdison alleging that the solar company willfully breached its obligations under their merger agreement and is seeking damages. Investors began to lose confidence in SunEdison's expansion, when the company announced a $2.2 billion deal to acquire Vivint in July. The Vivint deal also led to a lawsuit by...

  • *JSW Group one of India's most indebted conglomerates. MUMBAI/ NEW DELHI, May 10- India's JSW Steel Ltd has bid for the British operations of Tata Steel Ltd, two sources with direct knowledge of the matter confirmed, worrying bankers about its high debt levels and pulling down JSW shares on Tuesday. Mumbai- based JSW Steel unsuccessfully bid in 2014 to buy some assets...

  • May 9- Billionaire investor William Ackman's Pershing Square Capital Management on Monday set out to sell $800 million in shares of Zoetis Inc, the New York Times reported, citing people familiar with the matter. Ackman set out to sell 16.85 million shares in Zoetis for a price range of $46.75 to $47 per share, the newspaper reported. The newspaper said the...

  • WASHINGTON, May 9- Republican presidential candidate Donald Trump on Monday backtracked on his remarks about raising taxes on wealthy Americans, saying the rich might simply get a smaller tax cut than he originally proposed. Trump walked away from his comment on Sunday that taxes on the wealthy would "go up" once his broad tax policy proposals, which include tax...

  • MEXICO CITY, May 9- Spanish construction firm Ferrovial SA may cancel its plan to bid jointly with cash-strapped local builder ICA for a contract to build a $3.5 billion terminal building for Mexico City's new airport, people familiar with the matter said. Ferrovial, which won a 2010 contract to build a terminal at London's Heathrow Airport for around 800...

  • LOS ANGELES, May 9- A trial over Sumner Redstone's mental competence abruptly ended on Monday when a California judge threw out a lawsuit brought by the 92- year-old's former girlfriend, Manuela Herzer, saying Redstone's deposition made clear the media mogul knew what he wanted. Judge David Cowan wrote in his ruling that Herzer's claims that Redstone could not...

  • WASHINGTON, May 9- Republican presidential candidate Donald Trump on Monday backtracked on his remarks about raising taxes on wealthy Americans, saying the rich might simply get a smaller tax cut than he originally proposed. On Sunday, Trump had said taxes on the wealthy would "go up a little bit" once his broad tax policy proposals, which include tax cuts for rich...

  • Krispy Kreme shares rose nearly 24 percent to $20.88 in premarket trading on Monday, just shy of the offer price of $21 per share in cash. JAB Holding will acquire Krispy Kreme through its unit JAB Beech Inc, in which BDT Capital Partners is a minority investor. JAB Holding, the investment vehicle of the billionaire Reimann family, led a buyout of K-cup coffee pod...

  • WASHINGTON, May 9- Republican presidential candidate Donald Trump sought to clarify his remarks on raising taxes on Monday, saying he would not raise taxes on wealthy Americans but in any negotiations with Democrats in Congress, this group would most likely pay a higher rate than the one he has proposed. Trump told Sunday morning news shows that he was willing to...

  • JAB Holding will acquire Krispy Kreme through its unit JAB Beech Inc, in which BDT Capital Partners is a minority investor. JAB Holding, the investment vehicle of Germany's billionaire Reimann family, led a buyout of K-cup coffee pod maker Keurig Green Mountain Inc in March for $13.9 billion. Simpson Thacher& Bartlett LLP and Womble Carlyle Sandridge& Rice LLP...

  • NEW YORK, May 9- Hedge fund manager David Einhorn has built a reputation on his ability to crater a company's stock. His prescient short calls such as Allied Capital and Lehman Brothers had been announced in previous years at the annual Sohn Investment Conference in New York. The same day that Einhorn spoke in New York, the chief investment officer for the...

  • Republican presidential candidate Donald Trump said on Sunday he was open to raising taxes on the rich, backing off his prior proposal to reduce taxes on all Americans and breaking with one of his party's core policies dating back to the 1990 s. "I am willing to pay more, and you know what, the wealthy are willing to pay more," Trump told ABC's "This Week."