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Mergers and Acquisitions Buyins and Buyouts

  • SEOUL/ TOKYO, Feb 7- Toshiba Corp favors private equity bidders in the sale of a stake in its chip business, as suitors including rivals SK Hynix Inc and Micron Technology Inc vie with financial investors like Bain Capital, sources said on Tuesday. South Korea's Hynix, the world's No. 2 chipmaker, on Tuesday said it had submitted a non-binding bid although it gave no...

  • SEOUL, Feb 7- South Korean chipmaker SK Hynix Inc said on Tuesday it submitted a non-binding bid last week for a stake in Toshiba Corp's memory chip business, as the firm seeks to boost its NAND flash chip competitiveness. SK Hynix, in a regulatory filing, said it has not decided on whether to submit a final bid and did not offer details including how big a stake it seeks.

  • SEOUL, Feb 7- South Korea's SK Hynix Inc has submitted an initial bid to acquire a stake in Toshiba Corp's memory chip business, a person familiar with the matter told Reuters on Tuesday. Toshiba in January said it would sell a minority stake of less than 20 percent in its memory business to offset multi-billion dollar writedowns stemming from U.S. nuclear power...

  • BOGOTA, Feb 2- Avianca Holdings SA controlling shareholder German Efromovich could give up a minority stake in the Colombian carrier to United Continental Holdings Inc, he said in an interview published on Thursday. Without providing details, Efromovich said he had always planned to seek offers for a minority stake through his Synergy Aerospace Corp..

  • NEW YORK, Jan 31- Japan Exchange Group Inc, the operator of the Tokyo Stock Exchange, has taken a minority stake in UK- based fintech company OpenGamma Limited, as corporate investors account for a growing share of venture funding in fintech. The JPX funding round follows a $13.3 million investment in OpenGamma in October by venture capital firm Accel Partners,...

  • SAO PAULO, Jan 31- The Brazilian state of Minas Gerais opposes the sale of the controlling stake it has in power utility Cia Energética de Minas Gerais SA as a condition to join a federal government-backed debt relief plan, a person with direct knowledge of the matter said. According to the person, who requested anonymity because of the sensitivity of the issue,...

  • SAO PAULO, Jan 31- The Brazilian state of Minas Gerais has no plans to sell the controlling stake it has in power utility Cia Energética de Minas Gerais SA as a condition to join a federal government-backed debt relief plan, a person with direct knowledge of the matter said. According to the person, who requested anonymity because of the sensitivity of the issue,...

  • SAO PAULO, Jan 31- The Brazilian state of Minas Gerais has no plans to sell the controlling stake it has in power utility Cia Energética de Minas Gerais SA as a condition to join a federal government-backed debt relief plan, a person with direct knowledge of the matter said. According to the person, who requested anonymity because of the sensitivity of the issue,...

  • ISLAMABAD, Jan 31- Pakistan aims to raise $350 million from the sale of a stake in Kot Addu Power Company and will also relaunch a share sale in Oil and Gas Development Company but only to domestic investors, its privatisation chief said. Chinese companies showed the most interest "by far" in the planned sale of a 40 percent stake in KAPCO during roadshows in Istanbul,...

  • ISLAMABAD, Jan 31- Pakistan aims to raise $350 million from the sale of a stake in Kot Addu Power Company and will also relaunch a share sale in Oil and Gas Development Company but only to domestic investors, its privatization chief said. Chinese companies showed the most interest "by far" in the planned sale of a 40 percent stake in KAPCO during roadshows in Istanbul,...

  • *Tokyo Electron also not showing interest- Kyodo. TOKYO, Jan 31- Japan's Canon Inc said would be difficult to invest in Toshiba Corp's memory chip business, dousing hopes that the struggling conglomerate could count on its business partner for help as it scrambles for funds to offset a multi-billion dollar writedown. Expectations that Canon could offer at least...

  • *Latest sale brings total divestment to $8.7 bln since April 2015. SINGAPORE/ DUBAI, Jan 31- Royal Dutch Shell said on Tuesday it would sell its stake in Thailand's Bongkot gas field to Kuwait Foreign Petroleum Exploration Company for $900 million. The move is the latest stage of the Anglo-Dutch company's push to reduce debt after buying smaller rival BG Group for...

  • NEW YORK/ SAN FRANCISCO, Jan 31- Eight days after Elliott Management disclosed a 7.6 percent stake in LifeLock Inc, managers of the more than $30 billion hedge fund met with executives at the consumer protection company. Activist investors such as Elliott usually use these initial meetings to lay out a broad plan on how to boost the stock price.

  • SAO PAULO, Jan 27- Brazilian petrochemical company Braskem SA agreed to buy a controlling stake in environmental services company Cetrel SA for 610 million reais from Odebrecht Utilities SA, Braskem said on Friday in a securities filing. Odebrecht Utilities is an arm of Brazilian engineering group Odebrecht SA, which is ensnared in the country's...

  • TOKYO, Jan 27- Toshiba Corp said it will sell a minority stake in its memory chip business as it urgently seeks funds to offset an imminent multi-billion dollar writedown, adding that its overseas nuclear division- the cause of its woes- was now under review. The drastic measures are set to be just some of the tough choices the Japanese conglomerate will have to take...

  • TOKYO, Jan 27- Toshiba Corp said it will sell a minority stake in its memory chip business as it urgently seeks funds to offset an imminent multi-billion dollar writedown, adding that its overseas nuclear division- the cause of its woes- was now under review. The drastic measures are set to be just some of the tough choices the Japanese conglomerate will have to take...

  • Jan 26- Lionsgate has initiated talks to sell its stake in Epix to the premium U.S. cable channel's other two shareholders, MGM Holdings Inc and Paramount, a unit of Viacom Inc, according to people familiar with the matter. The outcome could be that MGM and Viacom become 50-50 partners in Epix, the people added, cautioning that no deal was certain.

  • SAO PAULO, Jan 24- Brazil's Cyrela Commercial Properties SA is in talks with Canada Pension Plan Investment Board for a potential asset swap and joint ventures to invest up to $400 million in new commercial office space. The deal, which would lay the groundwork for a new round of investment, underscores investors' hopes that falling interest rates will trigger a...

  • TOKYO, Jan 20- Japan's Toshiba Corp has begun preparations to sell a minority stake in its core chip business, people with knowledge of the matter said, as it urgently seeks funding to avoid being crippled by an upcoming multi-billion dollar writedown. The industrial conglomerate has distributed non-disclosure agreement forms to various funds including...

  • TOKYO, Jan 20- Japan's Canon Inc is considering investing in Toshiba Corp's chip business, Kyodo news agency reported on Friday. The report, which did not cite any sources, comes as Toshiba begins preparations to sell a minority stake in its core chip business, aiming to raise funds ahead of an upcoming multi-billion dollar writedown. A representative for Canon...