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Mergers and Acquisitions Buyins and Buyouts

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  • MUMBAI, July 31- India's Reliance Communications has revived a plan to sell a stake in its tower unit, attracting early interest from U.S. private equity firms as well as sector rivals, three sources with direct knowledge of the matter said. Reliance Communications, India's fourth-biggest mobile phone carrier, is looking at a valuation of about $4 billion for the...

  • July 30- Barrick Gold Corp said on Thursday it had reached an agreement to sell 50 percent of its Zaldivar copper mine in Chile to Chilean-based copper miner Antofagasta Plc for just over $1 billion in cash. Antofagasta would become the operator of Zaldivar and would be overseen by a board consisting of three nominees from each company. "There are many potential...

  • Leadership shake-up at Citrix sends shares flying Wednesday, 29 Jul 2015 | 12:23 PM ET

    NEW YORK— Shares of Citrix Systems jumped 8 percent Wednesday after the cloud computing company, under pressure from a major shareholder, shook up its top leadership and said it was weighing the sale of portions of the company. The changes come six weeks after Elliott Management Corp., which has a 7.5 percent stake in Citrix, sent a letter to the board and...

  • LONDON, July 25- Britain's Pearson said on Saturday it was in talks to sell its 50 percent stake in The Economist Group, publisher of The Economist newspaper. The move comes on the heels of Pearson's sale of the Financial Times newspaper to Japanese media group Nikkei, announced this week as its focuses on its education business. "Pearson confirms it is in...

  • LONDON, July 25- British publishing group Pearson said on Saturday it was in talks to sell its 50 percent stake in The Economist Group, publisher of The Economist newspaper. The move comes on the heels of Pearson's sale of the Financial Times newspaper to Japanese media group Nikkei, announced this week. "Pearson confirms it is in discussions with The Economist...

  • LONDON— The Financial Times reports that its parent company, Pearson PLC, is in talks to sell its 50 percent stake in the Economist magazine. The report says the talks involve other shareholders in the Economist Group. Pearson is in the process of selling the FT Group, including the newspaper, to the Nikkei Group of Japan.

  • LONDON, July 23- Japanese media group Nikkei on Thursday agreed to buy the Financial Times from Britain's Pearson in a $1.3 billion deal that brings together two leading financial news organisations from Europe and Asia. The sale of the FT Group does not include its 50 percent stake in The Economist magazine or the London headquarters of the newspaper on the...

  • LONDON— Japanese media company Nikkei Inc. is buying the Financial Times as part of an 844 million-pound deal with Britain's Pearson PLC. As part of the deal, Pearson has agreed to sell the vast majority of the assets in FT Group, including the Financial Times newspaper and the popular FT.com. However, Pearson will retain its 50 percent stake in The Economist Group...

  • BAKU, July 22- Azeri state energy firm SOCAR plans to sell part of its shares in Turkish petrochemical company Petkim, SOCAR's president was quoted as saying on Wednesday. "Petkim's share price rose to 4.35 Turkish lira per share from 1.8 Turkish lira in the last two years and that's why we would like to sell part of our shares." SOCAR- Turkey bought 10.32 percent stake...

  • BERLIN, July 20- German TV broadcaster ProSiebenSat.1 is in talks to buy a stake in advertising group Scout24 from U.S. private equity firm Hellman& Friedman, Handelsblatt reported on Monday, citing unidentified sources in the banking industry. The German business newspaper said ProSieben had two options-- one to take a majority stake in Scout24, and another to...

  • Euro: Should you be bullish or bearish? Tuesday, 14 Jul 2015 | 6:20 PM ET
    Euro: Should you be bullish or bearish?

    Ed Ponsi, Managing Director at Barchetta Capital Management, believes the common currency will remain in the 1.05-1.13 range against the greenback.

  • LONDON, July 13- Energy trading house Gunvor has sold a controlling stake in its Ust-Luga oil products terminal to Russian businessman Andrei Bokarev, the Swiss-based company said on Monday. Gunvor, one of the world's top five oil trading houses, has been seeking to limit its exposure to Russia since former co-owner, Russian billionaire Gennady Timchenko, was...

  • *Haitong shares suspended in Hong Kong. HONG KONG, July 8- A Chinese state-backed investment firm sold its stake in China's fourth-largest broker Haitong Securities in Hong Kong on Wednesday in a sign that Beijing's bid to arrest a sell-off in mainland stocks is pushing investors to the island's market to raise capital. "Hong Kong is coming under pressure as the...

  • Lufthansa eyes sale of Luxair stake Wednesday, 1 Jul 2015 | 11:19 AM ET

    LUXEMBOURG/ BERLIN, July 1- Lufthansa is considering selling its 13 percent stake in Luxair and has been in touch with other shareholders, including the Luxembourg government, to discuss the matter. Luxembourg infrastructure minister Francois Bausch said in a public session of parliament he had received a letter from Lufthansa stating the company's...

  • LONDON, June 29- Trading house Trafigura has sold half its stake in three Spanish copper and zinc mines to Abu Dhabi investment company Mubadala as part of a joint venture they are setting up to invest in base metals mining, the companies said on Monday. Sources close to the deal said it valued the mines business at around $1.4 billion, meaning Mubadala would be...

  • LONDON, June 22- European private equity fund CVC and Singaporean sovereign wealth fund Temasek are to buy a controlling stake in the pharmaceutical firm Alvogen, its chairman and chief executive said. Robert Wessman, former CEO of Actavis, founded the New Jersey- based generic drugs firm in 2009.. The transaction is the latest sign of the hectic pace of...

  • LONDON, June 22- European private equity fund CVC and Singaporean sovereign wealth fund Temasek are to buy a controlling stake in the pharmaceutical firm Alvogen, its chairman and chief executive said. Robert Wessman, former CEO of Actavis, founded the New Jersey- based generic drugs firm in 2009.. The transaction is the latest sign of the hectic pace of...

  • LONDON, June 22- European private equity fund CVC and Singaporean sovereign wealth fund Temasek are to buy a controlling stake in the pharmaceutical firm Alvogen, its chairman and chief executive said. Robert Wessman, former CEO of Actavis, founded the New Jersey- based generic drugs firm in 2009.. The fast-growing company currently has 350 generic products on...

  • June 19- EBay Inc said it has sold its 28.4 percent stake in Craigslist Inc back to the online classified advertising company. The companies have been feuding for years in civil court over allegations that eBay took a stake in Craigslist and then misappropriated confidential information while secretly planning its own classifieds site.

  • June 16- Tracinda Corp, the holding company founded by Kirk Kerkorian, said the billionaire's will requires the company to dispose of its stake in casino operator MGM Resorts International. Based on MGM Resorts' 563 million shares outstanding as of May 5, the stake was worth $1.75 billion as of Monday. Kerkorian, who founded MGM Resorts and was its largest...