Mergers and Acquisitions Buyins and Buyouts

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  • Hagie, a leading U.S. crop sprayer manufacturer, employs about 400 people at its Clarion, Iowa manufacturing facility. "It is notable that Hagie basically put itself on sale, because they had a financial advisor involved," said Jim Corridore, analyst at S&P Global Market Intelligence. NCP, Inc, a Des Moines, Iowa investment bank was the exclusive financial advisor to...

  • *Possible sale of near 20 pct stake in Yum China- sources. Yum plans to spin off its 6,900 restaurants in China, which account for about half of the company's total sales, by the end of 2016. Yum China will list on the New York Stock Exchange, and possibly in Hong Kong. Yum Brands Inc, the home of KFC and Pizza Hut, has been falling behind rival McDonald's Corp as the pair...

  • SINGAPORE/ HONG KONG, March 24- Private equity firm Hopu Investments is among the investors that Yum Brands Inc is in talks to sell a minority stake in its China unit to, sources familiar with the matter told Reuters. KKR& Co is other firm is in talks about buying a near 20 percent stake that Yum is looking to sell in its China unit, which is valued about $10 billion, the...

  • March 23- Yum Brands Inc, the owner of the KFC and Pizza Hut chains, is in talks with private equity company KKR& Co LP and others about a possible sale of a 19.9 percent stake in its China business, the Wall Street Journal reported, citing people familiar with the matter. The KFC and Pizza Hut owner is planning to spin off Yum China by the end of 2016 and list it on the New...

  • March 23- Yum Brands Inc, the owner of the KFC and Pizza Hut chains, is in talks with private equity company KKR& Co LP and others about a possible sale of a 19.9 percent stake in its China business, CNBC reported, citing Dow Jones. The stake values the China business at about $10 billion, the report said. Yum's shares were up 2.3 pct at $80.80 at midday.

  • PARIS, March 21- Casino said on Monday it was on track to reduce debt as promised after Standard& Poor's cut the French retailer's credit rating to junk, citing falling profits, weakness in Brazil and competition at home. It said key disposals in Asia were moving ahead, and the completion of the sale of its 58.6 percent stake in Thai unit Big C Supercenter for 3.1...

  • PARIS, March 21- Casino said on Monday it was on track to reduce debt as promised after Standard& Poor's cut the French retailer's credit rating to junk, citing falling profits, weakness in Brazil and competition at home. The completion of the sale of its 58.6 percent stake in Thai unit Big C for 3.1 billion euros was imminent and the disposal of its activities in...

  • PARIS, March 21- Casino said on Monday it was on track to lower its debt after Standard& Poor's cut the French retailer's credit rating by one notch to non-investment grade, or junk. It said the completion of the sale of its 58.6 percent stake in Thai unit Big C for 3.1 billion euros was imminent and that the disposal process of its activities in Vietnam was...

  • 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.