Mergers and Acquisitions Buyins and Buyouts

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  • Lightyear's stake in Clarion has attracted interest from a larger asset manager, Legg Mason Inc, according to one source. Legg Mason could be eyeing Clarion, with more than $36.8 billion in assets under management, because it offers a specialized real estate investment management platform, the source said, noting it was not clear if Legg Mason was still...

  • *Yahoo's Alibaba stake worth over $20 bln. *Yahoo and Alibaba shares flat premarket. Yahoo's current net cash holding and the funds raised from a sale of the business could be returned to shareholders through buybacks and dividends, Jeff Smith, Starboard's head, said in a letter to Yahoo on Thursday.

  • Hulu in talks to sell stake to Time Warner - WSJ Thursday, 12 Nov 2015 | 4:30 PM ET

    Nov 12- Hulu is looking to sell a stake to Time Warner Inc in talks that would value the video-streaming service provider at above $5 billion, The Wall Street Journal reported. Time Warner would be an equal stakeholder with other current Hulu owners, the newspaper reported. Time Warner declined to comment, while Hulu was not immediately available to comment.

  • Blackstone to take minority stake in NCR Corp -source Wednesday, 11 Nov 2015 | 4:49 PM ET

    Nov 11- Blackstone Group LP has agreed to invest more than $800 million in NCR Corp that will give it the equivalent of more than a 15 percent stake in the automated teller machines maker, a source familiar with the matter said on Wednesday. Duluth, Georgia- based NCR plans to announce details of the deal with Blackstone, the world's largest private equity firm, by...

  • HONG KONG, Nov 11- State-owned Postal Savings Bank of China is expected to unveil soon the sale of a 15 percent stake to a group of investors for about $8 billion, ahead of a planned IPO in Hong Kong in 2016, IFR reported on Wednesday citing people familiar with the plans. UBS AG made the single largest investment in the group with $2 billion and placed some of the...

  • *Sees savings of $1.4 bln from SABMiller takeover. BRUSSELS/ LONDON, Nov 11- Anheuser-Busch InBev, the world's biggest brewer, launched its $100 billion- plus offer for nearest rival SABMiller on Wednesday and agreed to sell the latter's stake in U.S. venture MillerCoors to help win regulatory approval. AB InBev has also reached an agreement to sell SABMiller's 58...

  • DUBAI, Nov 10- A top executive at Brazil's Embraer expressed concern on Tuesday about Quebec's decision to pump $1 billion into the struggling airplane project of a Canadian rival, saying planemakers should compete on a level playing field. However, he said Embraer had not so far raised Quebec's decision to purchase a near-50-percent stake in Bombardier's...

  • PARIS, Nov 10- The French state is ready to reduce its stake in carmaker Renault back to 15 percent and wants the governance structure in its alliance with Japan's Nissan to remain unchanged, Economy Minister Emmanuel Macron said on Tuesday. Nissan has responded by drawing up proposals to end Renault's control by acquiring a bigger stake in the French company,...

  • Nov 6- Bertelsmann SE& Co said on Friday it was spending $230 million to acquire a minority stake in U.S. learning technology firm HotChalk, the latest move by Europe's largest media group to grab a bigger slice of the education market. Reuters previously reported that Bertelsmann was going to lead a funding round that would value the Campbell, California- based...

  • TORONTO, Nov 2- Quebec is sure that its $1 billion lifeline for Bombardier Inc will not result in any trade disputes triggered by concerns from the train and plane maker's rivals, the Canadian province's finance minister said on Monday. Last week, the Quebec government outlined plans to invest $1 billion in Bombardier's CSeries jets in return for a nearly 50...

  • "This project offers numerous opportunities for both AREVA and CNNC," Areva Chairman Philippe Varin said in the statement following a ceremony in Beijing. The French government wants utility EDF and nuclear group Areva, both state-owned, to keep a combined 66 percent stake in Areva's former reactor building arm Areva NP, a government source told Reuters on Oct. 6.

  • MONTREAL/QUEBEC CITY, Oct 30- Quebec's $1 billion bailout for aerospace company Bombardier Inc is meant to protect thousands of jobs in one of the province's top industries, but risks worsening the finances of Canada's most indebted province if it fails. The deal would give Quebec's Liberal-run government a 49.5 percent stake in Bombardier's troubled...

  • TORONTO/ MONTREAL, Oct 29- The Quebec government said it will invest $1 billion in Bombardier Inc's CSeries jets in return for a near 50 percent stake in the struggling project, in what was seen as a risky move to protect jobs in the Canadian province. Its 18,000- strong workforce in Quebec is largely focused on aerospace, and it helps support many smaller part...

  • PARIS/ MILAN, Oct 29- French tycoon Xavier Niel has built up the equivalent of a 11.2 percent voting stake in Telecom Italia, setting up a potential power struggle with largest shareholder Vivendi over the carrier's future. Niel, founder of low-cost French mobile operator Iliad, arrives at Telecom Italia just as French media group Vivendi, led by shareholder and...

  • PARIS/ MILAN, Oct 29- Xavier Niel, the founder of low-cost French mobile operator Iliad, has bought 6 percent of Telecom Italia via a personal investment company and has another 5 percent through derivative contracts, a source with knowledge of the matter said. That cemented Vivendi's role as the biggest shareholder in the indebted company, as well as making...

  • NEW DELHI, Oct 29- Foreign companies are in talks to buy a stake of up to 24 percent in the Bina refinery in India's Madhya Pradesh state which is jointly owned by Bharat Petroleum Corp and Oman's state oil firm, BPCL's chairman told Reuters on Thursday. BPCL and Oman Oil Company could make a public share offer next year if a deal is not sealed. Varadarajan also said...

  • NEW YORK, Oct 28- Brookfield Property Partners LP announced on Wednesday it sold a 44 percent stake in its $4.5 billion development on Manhattan's west side to the Qatar Investment Authority in a project it said would be worth almost double that when completed. QIA announced in September on opening a New York office that it planned to invest $35 billion in the...

  • *Blackstone seeks to buy 37 pct in TFCC, its 1st Taiwan foray. TAIPEI, Oct 28- Taipei Financial Center Corp, which operates skyscraper Taipei 101, said it has allowed Blackstone Group to examine its financial books ahead of a potential stake purchase in it by the U.S. private equity firm. The decision, which came after TFCC's board meeting on Wednesday, paves the way...

  • SYDNEY, Oct 28- National Australia Bank, the country's No.1 lender by assets, on Wednesday posted a 15.5 percent rise in annual profit and confirmed it would sell 80 percent of its insurance unit to Japan's Nippon Life Insurance Co for A $2.4 billion. NAB also announced it would spin off and sell its under-performing UK operations, Clydesdale Bank and Yorkshire...

  • *Blackstone assures Taiwan no China- backed funds involved-sources. *Taiwan govt would approve stake purchase- source. The U.S. firm has assured the Taiwan government it will not use Chinese-backed money to buy the stake in the Taipei Financial Center Corp, two sources said on Tuesday.