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Mergers and Acquisitions Buyins and Buyouts

  • Silver Lake, which has controlled Global Blue since 2012, is expected to select banks later this year with a view to floating the business in the first half of next year, the sources said. Reuters reported last year that Silver Lake and Partners Group, which has a minority stake in the business, had started sounding out possible bidders and had signed...

  • TOKYO, July 18- Toshiba Corp shares jumped by nearly a fifth on Tuesday after a U.S. hedge fund said it had added a stake and the Japanese conglomerate avoided an immediate court injunction on a planned $18 billion sale of its chip business. U.S. hedge fund Greenlight Capital, run by David Einhorn, said on Friday the stock may be worth as much as 400 yen once the company...

  • TOKYO, July 18- Toshiba Corp shares jumped by nearly a fifth on Tuesday after a U.S. hedge fund said it had added a stake and the Japanese conglomerate avoided an immediate court injunction on a planned $18 billion sale of its chip business. U.S. hedge fund Greenlight Capital, run by David Einhorn, said on Friday the stock may be worth as much as 400 yen once the company...

  • JBS common shares rose as much as 9.7 percent to 7.24 reais, a one-month high, after Brazil's Regional Federal Court of the 1st Region overturned a ruling blocking the $300 million sale of a South American unit to rival Minerva SA. On Wednesday, J&F agreed to sell a controlling stake in Havaianas flip-flop maker Alpargatas SA to the investment firms of Brazil's...

  • *Hynix in Japan- led consortium for world No. 2 NAND maker. SEOUL, July 12- SK Hynix Inc still wants an equity stake in Toshiba Corp's chip unit, it said on Wednesday, complicating a bid for the business by a consortium it is part of. The preferred bidder group also includes the state-backed fund Innovation Network Corp of Japan, the Development Bank of Japan and U.S....

  • July 12- Royal Dutch Shell is to sell its 45 percent stake in the Corrib gas venture to a subsidiary of Canada Pension Plan Investment Board for up to $1.23 billion, marking the oil company's exit from the upstream business in Ireland. CPPIB, Canada's biggest public pension fund, and Canada's Vermilion Energy Inc will become the new operator of the Corrib Gas...

  • HONG KONG/ FRANKFURT July 11- China's Legend Holdings Corp is in talks on a potential investment in Qatari-owned Banque Internationale a Luxembourg, a person with knowledge of the matter told Reuters. Legend, owner of computer group Lenovo Group Ltd, has been in discussions to buy around 90 percent of the private bank from Precision Capital, an investment...

  • July 11- PepsiCo Inc's quarterly profit beat estimates as higher pricing of sodas and snack foods in North America paid off and as the company sold its minority stake in British bottler Britvic Plc.. PepsiCo said on Tuesday that sales in its North America beverage unit, the company's largest, rose 2 percent to $5.24 billion in the second quarter ended June 17.

  • *Raises around $1 billion from 22 pct stake sale. LONDON, July 11- Pearson is set to raise $1 billion from the sale of a 22 percent stake in book publisher Penguin Random House to majority owner Bertelsmann, in the British group's latest bid to rebuild following a string of profit warnings. Established as a joint venture between Pearson and Bertelsmann in 2013,...

  • July 11- PepsiCo Inc reported a better-than-expected quarterly profit on Tuesday, helped by higher pricing of its sodas and snack foods sold in North America and the sale of its minority stake in British bottler Britvic Plc.. Revenue in PepsiCo's North America beverage business, the company's biggest, rose 2 percent to $5.24 billion in the second quarter ended...

  • LONDON, July 11- Britain's Pearson has agreed to sell a 22 percent stake in book publisher Penguin Random House to joint venture partner Bertelsmann for around $1 billion to bolster its balance sheet and return cash to shareholders. The deal, which values the book publisher at an enterprise value of $3.55 billion, will also enable the two groups to recapitalise...

  • LONDON, July 11- Britain's Pearson has agreed to sell a 22 percent stake in the book publisher Penguin Random House to joint venture partner Bertelsmann for around $1 billion to bolster its balance sheet and return cash to shareholders. Pearson, restructuring after a string of profit warnings from its education unit, said the sale would strengthen its balance...

  • SAO PAULO, July 6- Brazil's oil company Petróleo Brasileiro SA disclosed on Thursday initial terms for a plan to sell its 70- percent stake in the Maromba oil field, at Campos basin, according to a securities filing.

  • PARIS, July 5- Shares in French carmaker Renault edged up on Wednesday after Renault struck a deal to buy a 49 percent stake in Shenyang Brilliance JinBei Automobile company as part of its move to boost sales in China of light commercial vehicles. Renault shares were up 0.2 percent in early session trading, outperforming a 0.1 percent decline on France's...

  • SANTIAGO/ HONG KONG, July 5- Chinese private equity firm GSR Capital is looking to buy a substantial holding in Chile's Sociedad Quimica Y Minera, one of the world's biggest lithium producers, according to two sources with knowledge of the matter. A Chilean government transparency web site reported two GSR representatives met Eduardo Bitran, the head of the...

  • OSLO, July 4- Norway's sovereign wealth fund has acquired a 49- percent stake in an office and retail building in Washington D.C. for $190.8 million, in a joint venture with real estate partner Oxford Properties Group, the fund said on Tuesday. It was the second joint transaction with Oxford Properties in as many days. It has properties in London, Paris and New York,...

  • Private equity firm Sycamore can only contribute so much to office supply retailer Staples' survival, says Lauren Silva Laughlin.

  • Pedestrians walk along Wall Street near the New York Stock Exchange.

    The pick-up in dealmaking reflects an environment where private equity firms face fierce competition for assets, Financial Times reports.

  • BOSTON, June 28- Dyal Capital Partners, the Neuberger Berman Group unit that buys minority stakes in hedge and private equity fund firms, has bought a piece of private credit and special opportunities investor Atalaya Capital Management, marking its third investment in three months. In April it bought stakes in TSSP, a global credit and credit-related...

  • SINGAPORE, June 28- Chinese e-commerce company Alibaba Group Holding is investing an additional $1 billion in Southeast Asian online retailer Lazada Group, boosting its stake by nearly a third to 83 percent and amplifying its focus on the region. Alibaba's announcement comes as its rivals such as Chinese e-commerce firm JD.com Inc are expanding operations...