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Buyins and Buyouts

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  • 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...

  • Samsung construction company Samsung C&T said that 69.5 percent of shareholders who voted supported the takeover of it by another Samsung company, Cheil Industries. Lee Jae-yong, the son of Samsung's ailing chairman, is assuming a bigger leadership role at the South Korean conglomerate but lacks a significant stake in its flagship Samsung Electronics.

  • Shareholders at construction company Samsung C&T will vote Friday on the proposed takeover of it by another Samsung company, Cheil Industries. The business empire's ailing patriarch Lee Kun- hee has been hospitalized since May last year and his son Lee Jae-yong is assuming a bigger leadership role but lacks a significant stake in flagship company Samsung...

  • 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...

  • June 11- Activist investor Elliott Management Corp said cloud-computing software maker Citrix Systems Inc should sell some units, cut costs and buy back shares to make up for six years of underperformance. Citrix shares jumped 8.2 percent to $71.46 in early trading on Thursday. Elliott, whose 7.1 percent stake makes him one of the top five shareholders of the...

  • June 11- Activist investor Elliot Management Corp said cloud-computing software maker Citrix Systems Inc should sell some units, cut costs and buy back shares to make up for six years of underperformance. Citrix shares jumped 8.2 percent to $71.46 in early trading on Thursday. Elliot, whose 7.1 percent stake makes him one of the top five shareholders of the...

  • June 9- U.S. media group Scripps Networks Interactive said it intends to make a tender offer for all shares of Polish broadcaster TVN. The company agreed in March to buy a 52.7 percent controlling stake in TVN from financial holding firm ITI and French media firm Vivendi's Canal+. That deal valued TVN at around $1.84 billion, or around 20.5 zlotys per share,...

  • BRIEF-TSMC SAYS BOARD APPROVES PLAN TO SELLS 5 PCT STAKE IN. June 9- Taiwan Semiconductor Manufacturing Co Ltd:. *Says board OKs plan to sell 5 percent stake in Vanguard International Semiconductor Corp for T $3.88 billion.