Mergers and Acquisitions Buyins and Buyouts

  • Aug 28- Hedge fund manager D.E. Shaw& Co LP is weighing a bid for SunEdison Inc's controlling stake in TerraForm Power Inc, the bankrupt U.S. renewable energy producer's most valuable asset, according to people familiar with the matter. Shaw's emergence as a possible bidder for TerraForm Power indicates that the potential sale process for the so-called "Class B"...

  • *Chinese firms in running for K-Electric. SINGAPORE/ ISLAMABAD, Aug 24- Chinese state-backed firms are frontrunners to buy a $1.5 billion controlling stake in Pakistani utility K-Electric, sources said, as they bet the benefits of a Beijing- led economic corridor will trump the risks of investing in Pakistan. "The China-Pakistan Economic Corridor is the main...

  • Aug 23- Cobalt International Energy Inc said the proposed $1.75 billion sale of a 40 percent stake in two offshore oil blocks in Angola to the state oil company was terminated as it did not get the necessary approvals from the country's government. The oil and gas producer announced in August last year the sale of its 40 percent stake in the fields to Angola's...

  • Valeant's U.S.-listed shares reversed course to close down 3.4 percent at $37.19 on Thursday. They had risen as much as 5 percent, after the company's lenders agreed to an amendment to loosen covenants on its $31 billion of debt. T. Rowe Price, which held a 6.4 percent passive stake in Valeant as of Dec. 31, filed the lawsuit in the District Court of New Jersey on Monday.

  • Valeant's U.S.-listed shares reversed course to trade down 4 percent at $28.80 on Thursday. The lawsuit comes a week after the Wall Street Journal reported that lawyers at the U.S. T. Rowe Price, which held a 6.4 percent passive stake in Valeant as of Dec. 31, filed the lawsuit in the District Court of New Jersey on Monday.

  • Aug 16- Britain's Wm Morrison Supermarkets Plc said on Tuesday it had completed the sale of its 10 percent stake in U.S. online food retailer Fresh Direct for 45 million pounds, more than two years after it announced the sale. Morrisons, Britain's fourth-largest supermarket chain, bought the stake for 31 million pounds in 2011.. David Potts, a former Tesco...

  • NEW YORK— AIG on Monday said it is selling its stake in United Guaranty to Arch Capital Group in a cash-and-stock deal worth $3.4 billion. Arch Capital, based in Bermuda, writes specialty lines of property and casualty insurance and reinsurance, as well as mortgage insurance and reinsurance. The deal includes $2.2 billion in cash, $250 million of newly issued Arch...

  • LONDON/ MOSCOW, Aug 15- Russia's Economy Ministry has advised Prime Minister Dmitry Medvedev he would have to issue an unprecedented special decree if he wants to bar state-controlled oil major Rosneft from the privatisation of a mid-sized energy group, according to a letter seen by Reuters. The planned auction of a 50 percent stake in state-owned oil producer...

  • SAO PAULO, Aug 11- BM&FBovespa SA, Latin America's largest financial exchange operator, posted a net loss of 114 million reais in the second quarter after losses caused by currency fluctuations during the sale of its stake in CME Group, the company said in a statement on Thursday. BM&FBovespa announced in September that it was going to sell its 5 percent stake in...

  • THE WALT DISNEY COMPANY ACQUIRES MINORITY STAKE IN BAMTECH.

  • *Nissan also in talks with Chinese, other overseas firms-sources. TOKYO, Aug 6- Nissan Motor Co is in talks with Panasonic Corp and overseas companies including Chinese firms over the possible sale of its controlling stake in a car battery manufacturing venture, sources said. Two people with knowledge of the matter said on Saturday that the Japanese automaker...

  • TOKYO, Aug 5- Japan's Idemitsu Kosan is looking to acquire a smaller stake in Showa Shell Sekiyu than planned, aiming to counter efforts by the former's founding family to block a merger of the two oil refiners, the Nikkei business daily reported on Friday. Shosuke Idemitsu, Idemitsu's honorary chairman and 89- year-old son of its founder, said in an open letter...

  • *Smaller stake purchase may counter Idemitsu family's plan-Nikkei. *Idemitsu: Company chiefs met, no decision on any specific plans. TOKYO, Aug 5- Idemitsu Kosan Co is looking to acquire a smaller stake in Showa Shell Sekiyu than planned, aiming to counter efforts by the former's founding family to block a merger of the two oil refiners, the Nikkei business daily...

  • Aug 4- Viacom Inc Chief Executive Philippe Dauman said on Thursday his victories in a legal battle with Sumner Redstone for control of the media company would help him push through a plan to sell a minority stake in Paramount Pictures. A Delaware judge ruled that Redstone's lawyers must defend in a trial his move to oust five Viacom directors including Dauman,...

  • Aug 4- Viacom Inc Chief Executive Philippe Dauman said on Thursday his recent victories in a legal battle with Sumner Redstone for control of the media company would help him push through a plan to sell a minority stake in Paramount Pictures. A Delaware judge ruled that Redstone's lawyers must defend in a trial his move to oust five Viacom directors including...

  • Aug 2- TransCanada Corp said on Tuesday it plans to build an $800 million marine terminal and oil pipeline project for refined products like gasoline and jet fuel, as the Canadian pipeline operator continues to expand its footprint in Mexico. TransCanada, which has been ramping up its spending in Mexico, said it will hold a 50 percent interest in the project, with...

  • BEIJING, Aug 2- China's Sinopec Corp said on Tuesday it would sell half of its premium natural gas pipeline business to investors, a move spurred by Beijing's reform push to boost efficiency and increase infrastructure investment in cleaner fuel. Sinopec, the country's second-largest oil and gas group, said it would hold 50 percent in the Sichuan- East China...

  • ABU DHABI, Aug 1- The United Arab Emirates' only privately owned utility, Utico Middle East, will invest about $185 million to more than double its water desalination capacity in two years, aiming to chip away at state-owned rivals' market dominance, it said on Monday. Demand for water and power in the UAE is expected to grow by 5 to 6 percent annually in the next few...

  • *Deal could be valued at close to $1 bln. PARIS/ JAKARTA, Aug 1- Indonesian state energy firm Pertamina plans to buy a one quarter stake in France's Maurel et Prom from its boss and extend the offer to take over the rest of the Africa- focused oil company in a deal that could value it at close to $1 billion. Pertamina said the acquisition of the 24.5 percent stake from...

  • OSLO, July 29- Norway's Statoil agreed on Friday to buy Petrobras' stake in an exploration licence off Brazil for $2.5 billion, a rare deal in an oil industry struggling with low prices. The purchase of the 66 percent stake from Brazil's state-led Petroleo Brasileiro SA will help Statoil secure future production as output from its mature fields declines.