Mergers and Acquisitions Buyins and Buyouts

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  • Philippe Dauman, Viacom

    Viacom has received interest from three dozen companies for a minority stake in its Paramount Pictures studio, Chief Executive Philippe Dauman said.

  • March 17- Viacom Inc has received interest from three dozen companies for a minority stake in its Paramount Pictures studio, Chief Executive Philippe Dauman said in an interview with the Wall Street Journal. In February, Viacom said it was considering selling a "significant" minority stake in its Paramount Pictures movie studio. The company is looking for a...

  • March 17- Viacom Inc has received interest from three dozen companies for a minority stake in its Paramount Pictures studio, Chief Executive Philippe Dauman said in an interview with the Wall Street Journal. In February, Viacom said it was considering selling a "significant" minority stake in its Paramount Pictures movie studio. The company is looking for a...

  • CAIRO, March 17- Egypt's EFG Hermes said on Thursday its board had approved the sale of a 40 percent stake in Credit Libanais to Arab and Lebanese investors at $33 per share, along with plans to sell its remaining shares by May next year. EFG Hermes bought the stake in 2010 for $542 million, saying at the time that the deal would aid expansion into Lebanon and the Levant...

  • Reuters reported last week that ETE, a pipeline company run by Dallas billionaire Kelcy Warren, had held talks about selling its controlling interest in Sunoco as well as a 36.4 percent stake in the group. Three people familiar with the matter had said the controlling interest could be worth as much as $2 billion. Robert Owens, the chief executive of Sunoco, said in...

  • Canyon Capital, which holds a 4.5 percent stake in the company, has been seeking to persuade Ambac to find ways to accelerate the settlement of $4 billion in insurance claims. Ambac said in response to the hedge fund's nominations that, including deferred payments, Canyon Capital's credit exposure is $376 million. The Los Angeles- based hedge fund on Monday...

  • *Ore blending to start within 6 months, in China. RIO DE JANEIRO/ MELBOURNE, March 8- The world's no.1 and no.4 iron ore miners are in talks that could see Brazil's Vale SA taking a minority stake in Australia- based Fortescue Metals Group and the blending of their iron ore to win market share in China. The proposal will help the pair match the quality of iron ore produced...

  • RIO DE JANEIRO/ MELBOURNE, March 7- Iron ore rivals Vale SA and Fortescue Metals Group said on Monday they were in talks that could lead to Brazil's Vale buying a minority stake in Australia- based Fortescue as well as working together to blend iron ore for China. Fortescue Chief Executive Nev Power told reporters the non-binding agreement could see Vale acquire...

  • TOKYO, Feb 29- Struggling Toshiba Corp plans to sell its entire medical equipment unit rather than just a controlling stake, people familiar with matter said, adding that aggressive bidding could value the business at much more than initial estimates of $3.5 billion. Rising restructuring costs have prompted management to pursue an entire sale of Toshiba...

  • TOKYO, Feb 29- Struggling Toshiba Corp plans to sell its entire medical equipment unit rather than just a controlling stake, people familiar with matter said, adding that aggressive bidding could value the business at much more than initial estimates of $3.5 billion. Rising restructuring costs have prompted management to pursue an entire sale of Toshiba...

  • SAO PAULO, Feb 24- Brazilian investment bank Grupo BTG Pactual SA is expected to announce the sale of its 51 percent stake in insurer Pan Seguros SA and broker Pan Corretora SA to France's CNP Assurances SA for 800 million reais, the Valor Economico paper said on Wednesday. On Monday, EFG International agreed to buy BTG Pactual's Swiss private bank BSI for 1.33...

  • Given how undervalued Paramount is, it makes sense to sell a minority stake rather than the whole company, they noted. "If they can monetize some minority interest in this, it could be a relatively big number which would go a long way toward helping the stock price recover," said Salvatore Muoio, whose firm, S Muoio& Co LLC, is Viacom's 10th biggest voting shareholder.

  • Investors and analysts have been pushing for Viacom to consider selling all or a part of Paramount, as Viacom struggles with weak ad sales and few hit movie releases. A report by an analyst at Bernstein on Monday valued a sale of all of Paramount at $4 billion. Investor Mario Gabelli, the second-largest owner of voting shares of Viacom, has said he would like to see...

  • Feb 23- Viacom Inc is considering selling a minority stake in its Paramount Pictures movie studio, Chief Executive Philippe Dauman said on Tuesday. The media company has been approached by several strategic investors and has retained PJT Partners as its financial adviser to assist in the process, Dauman said at the Jefferies Media& Communications Conference.

  • *Scotiabank's strategy to exit Asia retail business-source. SINGAPORE/ HONG KONG, Feb 23- Canada's Bank of Nova Scotia has approached a unit of Bank of China, Maybank and two Japanese banks to gauge their interest in its $1.7 billion stake in Thai lender Thanachart, people familiar with the matter said. Scotiabank is the latest mid-sized Western bank in Asia to...

  • MUMBAI, Feb 22- India will sell a 5 percent stake worth about $730 million in its top power producer NTPC Ltd, as the government races against time to raise funds via asset sales to meet this year's fiscal deficit target. The NTPC share sale will begin on Tuesday, the government said, and if successful, will be the biggest divestment by the state in about six months...

  • DUBAI, Feb 18- Lebanon- based luxury chocolatier Patchi is working with Goldman Sachs and deNovo Corporate Advisors ahead of a potential stake sale, sources familiar with the matter told Reuters, in a deal expected to value the company at more than $500 million. The prospective sale would be the latest in the food sector in the Middle East by a family business...

  • ABU DHABI, Feb 18- United Arab Emirates- based Aster DM Healthcare is seeking to sell a minority stake this year either through a stock market flotation or a deal with a private investor, its chairman told Reuters on Thursday. The company runs hospitals, clinics and pharmacies across the Gulf and India and is benefiting from a booming healthcare market in the UAE...

  • Nov 25- Billionaire investor Leonard Blavatnik disclosed an 11.4 percent passive stake in Class A shares of mobile payments company Square Inc, which went public earlier this month. The stake in Jack Dorsey-led Square was reported as of Nov. 24. Blavatnik is also the owner of Warner Music Group and holds a stake in popular handbag maker Tory Burch LLC.

  • Nov 25- Ukrainian billionaire Leonard Blavatnik disclosed a 11.4 percent passive stake in Class A shares of mobile payments company Square Inc, which went public earlier this month. The stake in Jack Dorsey-led Square was reported as of Nov. 24. Dorsey is also chief executive of Twitter Inc..