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Mergers and Acquisitions Buyins and Buyouts

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  • 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.

  • ABU DHABI, June 5- United Arab Emirates telecom operator Etisalat has agreed to sell its 85 percent stake in Zanzibar Telecom Limited to Sweden's Millicom, it said on Friday. Zantel, which has struggled against larger rivals Vodacom and Bharti Airtel, will have up to $32 million in net current liabilities at close of the deal, Etisalat said in an emailed statement.

  • LONDON, June 4- Britain will sell its 30 percent stake in postal operator Royal Mail, currently worth about 1.5 billion pounds, as it renews its drive to wipe out the budget deficit, finance minister George Osborne said on Thursday. The sale of the government's remaining stake in Royal Mail will mark the final stage in one of Britain's most high-profile...

  • June 3- Freeport-McMoRan Inc, which is exploring a public offer for a stake in its oil and gas business, will likely sell off less than 20 percent of the unit, Freeport Chief Financial Officer Kathleen Quirk said on Wednesday. Freeport said in April it was mulling an initial public offering for a minority stake in the unit to raise funds for project development, but...

  • SEOUL, June 3- South Korea's SK Innovation Co Ltd has signed a contract to sell its 11.1 percent stake in Peruvian natural gas transporter Transportadora de Gas del Peru for $251 million, the company said in a statement on Wednesday. A 3.94- percent stake is being sold to Spanish utility Enagas, with the remaining 7.25 percent going to Habanera, a Canadian...

  • HELSINKI, June 1- Japan's SoftBank Corp said on Monday it has increased its controlling stake in Supercell, the Finnish mobile games maker best-known for its hit title' Clash of Clans'. Last year, Supercell saw its revenue triple to 1.5 billion euros while profit doubled to 515 million euros, making it the world's top-grossing company in the sector.

  • *IAG presents formal bid for Aer Lingus. DUBLIN, May 26- The Irish government agreed on Tuesday to sell its 25 percent stake in Aer Lingus to IAG, paving the way for the owner of British Airways and Iberia to make a formal bid to buy the Irish carrier. International Consolidated Airlines Group's proposed 1.36 billion euro offer for Aer Lingus was recommended by the...

  • May 26- Canadian miner Barrick Gold Corp said it would sell 50 percent stake in its unit that manages the Porgera gold mine in Papua New Guinea to China's Zijin Mining Group Co Ltd for $298 million in cash. The deal, a part of Barrick's plan to reduce net debt by at least $3 billion by the end of the year, comes a day after the world's largest bullion producer sold its...

  • May 26- Canadian miner Barrick Gold Corp said it would sell 50 percent stake in its unit that manages the Porgera gold mine in Papua New Guinea to China's Zijin Mining Group Co Ltd for $298 million in cash. The unit, Barrick Niugini, owns 95 percent in the Porgera mine and the Papua New Guinea owns the rest. After the sale, Zijin and Barrick will jointly control Barrick...

  • May 22- Expedia Inc said it sold its entire stake in online travel company eLong Inc to rival Ctrip.com International Ltd and others for about $671 million, after struggling with mounting losses at the Chinese company. Shares of Expedia and Ctrip touched record highs in early trading on Friday. Ctrip's stock gained 13 percent to $81.20, while Expedia's rose 9...

  • *No discount if oil prices average $60/ bbl in June qtr. NEW DELHI, May 22- India plans to reform rules governing the level of discounts upstream state oil firms including ONGC offer to retailers, a senior finance ministry official said on Friday, a move that could expedite the sale of a stake in the company. Currently ONGC, Oil India and GAIL sell crude and fuels like...

  • May 22- Expedia Inc said it sold its entire stake in Chinese online travel company eLong Inc to rival Ctrip.com International Ltd and others for about $671 million. Expedia had raised its stake in eLong to 62.4 percent in 2011 to expand in the growing Chinese travel market. Expedia's statement did not explain why it was exiting eLong.