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Mergers and Acquisitions Buyins and Buyouts

  • MADRID, April 6- Amancio Ortega, founder of the world's biggest clothing retailer Inditex and Europe's richest man, has put a majority stake in the firm that owns the Zara fashion chain into a holding company to ensure family control remains unassailable after he dies. Corporate filings in Spain's Mercantile Registry show the reclusive 81- year-old put a 50.01...

  • SAO PAULO, April 6- Qatar Investment Authority's sold about 2.5 percent of Banco Santander Brasil SA for 2.3 billion reais in a restricted offering after banks exercised an option to buy extra units, the bank said on Thursday. Investors placed bids worth 2.5 times to three times the amount of units in Brazil's fourth biggest bank on offer, the sources said.

  • MADRID, April 6- Amancio Ortega, founder of the world's biggest clothing retailer Inditex and Europe's richest man, has put a majority stake in the firm that owns the Zara fashion chain into a holding company to ensure family control remains unassailable after he dies. Corporate filings in Spain's Mercantile Registry show the reclusive 81- year-old put a 50.01...

  • April 5- Hydrogen fuel cell maker Plug Power Inc said on Wednesday Amazon.com Inc had acquired the right to buy up to 23 percent of the company and that it would supply batteries to power forklifts used by the online retailer in its warehouses. Amazon shares rose as much as 1.9 percent to a record high of $923.72 before ending 0.3 percent higher at $909.28.

  • Plug Power's shares were up 82.31 percent at $2.12 in heavy afternoon trading. Latham, New York- based Plug Power was valued at $319 million as of Tuesday's market close. Amazon, the world's largest online retailer will equip forklifts at 11 warehouses this year with hydrogen fuel cells so they can lift more goods before running out of juice, as well as charge...

  • Ron Shaich, founder, chairman and chief executive officer of Panera Bread Co.

    Ron Shaich, Panera Bread CEO, talking about the advantages of selling the company to JAB Holdings and offering customers a "clean" menu. It's good stuff, says Shaich.

  • April 5- Hydrogen fuel cell maker Plug Power Inc said on Wednesday Amazon.com Inc has acquired the right to buy up to 23 percent of the company, in a deal giving the retailer powerful batteries that promise to speed up work in its warehouses. Latham, New York- based Plug Power was valued at $319 million as of Tuesday's market close. The world's largest online retailer...

  • Latham, New York- based Plug Power was valued at $319 million as of Tuesday's market close. Amazon must spend at least $600 million over the life of its contract with Plug Power for its warrants to fully vest. The world's largest online retailer will equip forklifts at 11 warehouses this year with hydrogen fuel cells so they can lift more goods before running out of...

  • BERLIN/ FRANKFURT, April 3- Former Volkswagen Chairman Ferdinand Piech has agreed to sell a major part of his stake in the firm that controls Europe's biggest carmaker, paring his ties with Volkswagen after more than two decades of undisputed rule. Volkswagen's ruling Porsche and Piech families have agreed to buy part of the 14.7 percent stake Piech holds in...

  • LISBON, March 31- Portugal has agreed to sell a 75 percent stake in state-rescued lender Novo Banco to U.S. private equity firm Lone Star in exchange for a capital injection of 1 billion euros into the institution, the government said on Friday. Prime Minister Antonio Costa said the sale fulfilled a key criterion of not extending any state guarantees to the buyer,...

  • JOHANNESBURG, March 29- Shareholders in South Africa's Aveng approved the sale of a 51 percent stake in the Grinaker-LTA business to Kutana Construction, the company said on Wednesday, bringing in a partner owned by black women. Shares in Aveng were up 1.29 percent to 7.04 rand at 1046 GMT. With rising unemployment, the ruling African National Congress is under...

  • March 28- The two buyout firms that own Pharmaceutical Product Development LLC are in advanced talks to sell some of their stakes in the U.S. clinical trials firm at a price that would value the entire company at more than $9 billion, including debt, people familiar with the matter said. Carlyle and Hellman& Friedman are in talks to sell minority stakes in PPD to...

  • March 28- Tesla Inc said on Monday that Chinese tech giant Tencent Holdings Ltd has invested $1.78 billion in the Electric carmaker for a 5 percent passive stake. Tencent, best known for its WeChat mobile app, has been investing in a number of sectors, including gaming, entertainment, cloud computing and online financing. Tencent now owns more than 8 million shares...

  • HONG KONG, March 28- Acquisitive Chinese conglomerate HNA Group is in talks to buy a controlling stake in the owner of the publisher of Forbes magazine, two sources with knowledge of the matter told Reuters. Hong Kong- based investor group Integrated Whale Media Investments, which holds 95 percent of Forbes Media, is also in talks with another Chinese media firm...

  • SeaWorld said Zhonghong Group would buy the stake for $23 per share, a premium of nearly 33 percent to the stock's close on Thursday. As part of the deal, SeaWorld will provide advisory services and support for developing theme parks, water parks and family entertainment centers in China, Taiwan, Hong Kong and Macau, which would be operated by Zhonghong Holding, an...

  • March 24- China- based Zhonghong Zhuoye Group Co Ltd will buy Blackstone Group LP's 21 percent stake in SeaWorld Entertainment Inc, the embattled U.S.-based marine park operator said on Friday. SeaWorld said Zhonghong will buy the stake for $23 per share, a premium of nearly 33 percent to the stock's close on Thursday. SeaWorld faced criticism after the release...

  • TOKYO, March 24- Singapore- based fund Effissimo, which has given embattled Toshiba Corp a rare vote of confidence with its purchase of an 8 percent stake this month, on Friday said the holding was for pure investment purposes and it expected long-term price gains. The fund, established by former colleagues of Japan's most famous activist investor- Yoshiaki...

  • TOKYO, March 24- Singapore- based fund Effissimo, which has given embattled Toshiba Corp a rare vote of confidence with its purchase of 8 percent stake this month, said on Friday the holding was for pure investment purposes and it expected long-term price gains. The fund, established by former colleagues of Japan's most famous activist investor, Yoshiaki...

  • *Piech's 14.7 pct Porsche SE stake worth around 1 bln euros. BERLIN, March 17- Former Volkswagen chairman Ferdinand Piech is in talks to sell his stake in Porsche SE in a deal that would shake up the ownership structure of the company that controls VW. The families are in negotiations to buy a substantial part of Ferdinand Piech's 14.7 percent stake in Porsche SE,...

  • BERLIN, March 17- Former Volkswagen Chairman Ferdinand Piech is in talks to sell his stake in Porsche SE in a deal that would shake up the ownership structure of the company that controls Volkswagen, the world's largest carmaker. The families are in negotiations for a 14.7 percent stake in Porsche SE, worth around 1 billion euros, to be transferred from Piech to...