Mergers and Acquisitions Buyins and Buyouts

  • NEW YORK/ SINGAPORE, May 19- Singapore state investor Temasek Holdings and a consortium that includes China Investment Corp and KKR& Co have advanced to a second round of bidding for a minority stake in Yum Brands Inc's China unit, people familiar with the matter told Reuters. Louisville, Kentucky- based Yum Brands, owner of the Pizza Hut and KFC fast food chains, aims...

  • NEW YORK/ SINGAPORE, May 19- Singapore's Temasek Holdings and a consortium that includes China Investment Corp and KKR& Co have advanced to a second round of bidding for a minority stake in Yum Brands China unit, people familiar with the matter told Reuters. Louisville, Kentucky- based Yum Brands, owner of the Pizza Hut and KFC fast food chains, aims to spin off its...

  • May 16- Vineyard Vines, a U.S preppy clothing and accessory retailer, is working with investment bank Goldman Sachs Group Inc to sell a minority stake that could value the company at as much as $1 billion, people familiar with the matter said on Monday. The Murray brothers quit their Manhattan desk jobs to sell clothing that was inspired by their Martha's Vineyard...

  • YOKOHAMA, Japan, May 12- Nissan Motor Co has agreed to buy a 34 percent stake in Mitsubishi Motors Corp, taking de facto control with a $2.2 billion bet that bails out its smaller, scandal-hit rival. The deal is a lifeline for Mitsubishi Motors, which is mired in its third scandal in two decades and has had $3 billion wiped off its market value after confessing to...

  • YOKOHAMA, Japan, May 12- Nissan Motor Co has agreed to take a 34 percent stake in Mitsubishi Motors Corp, taking de facto control with a $2.2 billion bet that bails out its smaller, scandal-hit rival. Japan's number two car maker has struggled to make inroads into Asia outside China, in countries like Thailand and the Philippines, where Mitsubishi's models are...

  • TOKYO, May 12- Nissan Motor Co confirmed on Thursday that it was in talks with Mitsubishi Motors Corp over a potential investment, after sources said Nissan was considering taking a controlling stake in its smaller, scandal-hit rival. Mitsubishi and Nissan, Japan's second-largest carmaker, already cooperate on development and manufacturing with a...

  • MILAN, May 7- Italian utility Enel has presented an informal offer to buy a majority stake in fiber network company Metroweb as part of its plans to roll out a high-speed Internet network, a source familiar with the matter said on Saturday. The offer would see Enel acquire the 54 percent stake in Metroweb currently owned by infrastructure fund F2i for around 400...

  • *Bidders include Canada pension fund, SALIC and Qatar. Bidders include a different Canadian pension fund, state-backed Saudi Agricultural and Livestock Investment Co and Qatar's sovereign wealth fund, the sources said. Last month, CPPIB agreed to buy a 40 percent stake in the unit for $2.5 billion, placing the equity value of the business at $6.25 billion.

  • May 5- Agricultural commodity traders Louis Dreyfus Co B.V. and Amaggi Group have hired HSBC Holdings Plc to sell part or the entire 25 percent stake they hold in a terminal at the Brazilian port of Itaqui, Bloomberg reported. The sale process is already underway, Bloomberg reported, citing two people with direct knowledge of the matter. Rotterdam- based Louis...

  • The company's net income attributable to controlling interest was $249 million, or 68 cents per share, in the first quarter ended March 31, compared with a loss of $483 million, or $1.33 per share, a year earlier. Excluding items, the company earned 69 cents per share. Revenue fell 34.4 percent to $1.34 billion.

  • LONDON, May 4- Barclays said on Wednesday it is selling shares representing 12 percent of Barclays Africa Group, as the British bank follows through on plans announced in March to sell down its stake in its African business. Barclays said in a statement it would sell 103.6 million shares in BAG, with up to 10.3 million shares going to South African state pension...

  • SAO PAULO, April 29- Brazilian grains company Fiagril Participações SA sold a controlling stake to China's Hunan Dakang Pasture Farming Co Ltd, a unit of Shanghai Pengxin Group Co, the Brazilian company said on Friday. Two sources with direct knowledge of the deal said the Chinese firm bought a 57 percent stake in family-owned Fiagril, the latest move by...

  • April 28- Viacom Inc has narrowed the number of bidders for a minority stake in its Paramount Pictures movie studio from more than 40 to a handful and expects to begin negotiations late next month, Chief Executive Officer Philippe Dauman told analysts on Thursday morning. The owner of networks including Comedy Central, MTV and Nickelodeon said domestic ad...

  • Revenue in the company's filmed entertainment unit, which houses Paramount, fell 1 percent to $655 million in the second quarter ended March 31. Paramount's results helped offset lower domestic advertising revenue for the New York- based owner of MTV and Nickelodeon. Paramount, in which Viacom chief executive Phillippe Dauman plans to sell a minority stake,...

  • LONDON, April 28- British Business Secretary Sajid Javid said on Thursday the government was not prepared to take more than a 25 percent equity stake in Tata Steel's UK assets and he wanted to see them sold as soon as possible.

  • April 27- Canadian oil and gas producer Suncor Energy Inc said on Wednesday it has agreed to pay about C $937 million to acquire an additional 5 percent stake in its Syncrude oil sands joint venture from Murphy Oil Corp's Canadian unit. The deal would increase the company's share in Syncrude to 53.74 percent, Suncor said in a statement. Together with Suncor's...

  • April 27- Canadian oil and gas producer Suncor Energy Inc said on Wednesday it has agreed to acquire an additional 5 percent stake in Syncrude for about C $937 million.

  • LONDON, April 21- Britain could part-nationalise Tata's UK steel plants by taking a 25 percent equity stake, as part of a support package worth hundreds of millions of pounds designed to attract a buyer and save at least 10,000 jobs. The Conservative government, which privatised the steel and other industries under former Prime Minister Margaret Thatcher, is...

  • LONDON, April 21- Britain said on Thursday it could take an equity stake of up to 25 percent in Tata's UK steel assets as part of a package of hundreds of millions of pounds of financing to help support a potential buyer. Prime Minister David Cameron is under pressure from trade unions and the opposition Labour Party to ensure that a buyer is found to save the more...

  • LONDON, April 21- Britain said on Thursday it could take an equity stake of up to 25 percent in Tata's UK steel assets as part of a package of hundreds of millions of pounds of financing to help support a potential buyer. "The UK government is actively working with Tata Steel and the British Steel Pension Scheme's Trustees to find a solution that will help minimise...