Mergers and Acquisitions Buyins and Buyouts

  • TOKYO, Sept 7- Japanese refiner Idemitsu Kosan Co has postponed its acquisition of Showa Shell Sekiyu shares as regulatory approval is taking longer than expected- a delay that comes amid uncertain prospects for the deal due to a spat with the Idemitsu founding family. Public broadcaster NHK reported the review by Japan's Fair Trade Commission was taking time...

  • TOKYO, Sept 7- Japanese refiner Idemitsu Kosan Co has postponed its acquisition of Showa Shell Sekiyu shares as regulatory approval is taking longer than expected- a delay that comes amid uncertain prospects for the deal due to a spat with the Idemitsu founding family. Public broadcaster NHK reported the review by Japan's Fair Trade Commission is taking time...

  • TOKYO, Sept 7- Japanese refiner Idemitsu Kosan Co Ltd has postponed its planned acquisition of Showa Shell Sekiyu KK shares to October or November this year from this month as regulatory approval is taking longer than expected. Public broadcaster NHK reported earlier that the review by Japan's Fair Trade Commission is taking time as it is also reviewing...

  • *To pay $15.76 per share, 12 pct premium. *Navistar sees at least $500 mln in savings over first 5 years. CHICAGO/ FRANKFURT, Sept 6- Volkswagen has agreed an engine technology and purchasing alliance with truckmaker Navistar and will buy a stake in the U.S. firm, giving the German company a long-sought foothold in North America and providing cash-strapped Navistar a...

  • *To pay $15.76 per share, 12 pct premium. FRANKFURT, Sept 6- Volkswagen has agreed an engine technology and purchasing alliance with truckmaker Navistar and will buy a 16.6 percent stake in the U.S. firm for $256 million, as global truck makers face steep development costs to meet global anti-pollution rules. To cement the new alliance Volkswagen will pay $15.76 a...

  • *Primavera, Ant Capital to invest $460 million in Yum China. *Yum China spinoff expected on Oct. 31. Sept 2- KFC and Pizza Hut owner Yum Brands Inc said Chinese investment firm Primavera Capital and an affiliate of Alibaba Group Holding Ltd will buy a stake in Yum China for $460 million as Yum prepares to spin off the business.

  • *Russia aiming to sell 19.5 pct stake this year. VLADIVOSTOK, Russia, Sept 2- Russia hopes to fetch more than $11 billion for a minority stake in the Kremlin's flagship oil producer Rosneft before the end of the year to plug budget holes caused by low crude prices, an industry source told Reuters on Friday. But Russia is hoping to repeat the success of Rosneft's...

  • *Primavera, Ant Capital to invest $460 million in Yum China. *Yum China spinoff expected on Oct. 31. Sept 2- KFC and Pizza Hut owner Yum Brands Inc said Chinese investment firm Primavera Capital and an affiliate of Alibaba Group Holding Ltd will buy a stake in Yum China for $460 million as it prepares to spin off the business.

  • Aug 28- Hedge fund manager D.E. Shaw& Co LP is weighing a bid for SunEdison Inc's controlling stake in TerraForm Power Inc, the bankrupt U.S. renewable energy producer's most valuable asset, according to people familiar with the matter. Shaw's emergence as a possible bidder for TerraForm Power indicates that the potential sale process for the so-called "Class B"...

  • *Chinese firms in running for K-Electric. SINGAPORE/ ISLAMABAD, Aug 24- Chinese state-backed firms are frontrunners to buy a $1.5 billion controlling stake in Pakistani utility K-Electric, sources said, as they bet the benefits of a Beijing- led economic corridor will trump the risks of investing in Pakistan. "The China-Pakistan Economic Corridor is the main...

  • Aug 23- Cobalt International Energy Inc said the proposed $1.75 billion sale of a 40 percent stake in two offshore oil blocks in Angola to the state oil company was terminated as it did not get the necessary approvals from the country's government. The oil and gas producer announced in August last year the sale of its 40 percent stake in the fields to Angola's...

  • Valeant's U.S.-listed shares reversed course to close down 3.4 percent at $37.19 on Thursday. They had risen as much as 5 percent, after the company's lenders agreed to an amendment to loosen covenants on its $31 billion of debt. T. Rowe Price, which held a 6.4 percent passive stake in Valeant as of Dec. 31, filed the lawsuit in the District Court of New Jersey on Monday.

  • Valeant's U.S.-listed shares reversed course to trade down 4 percent at $28.80 on Thursday. The lawsuit comes a week after the Wall Street Journal reported that lawyers at the U.S. T. Rowe Price, which held a 6.4 percent passive stake in Valeant as of Dec. 31, filed the lawsuit in the District Court of New Jersey on Monday.

  • Aug 16- Britain's Wm Morrison Supermarkets Plc said on Tuesday it had completed the sale of its 10 percent stake in U.S. online food retailer Fresh Direct for 45 million pounds, more than two years after it announced the sale. Morrisons, Britain's fourth-largest supermarket chain, bought the stake for 31 million pounds in 2011.. David Potts, a former Tesco...

  • LONDON/ MOSCOW, Aug 15- Russia's Economy Ministry has advised Prime Minister Dmitry Medvedev he would have to issue an unprecedented special decree if he wants to bar state-controlled oil major Rosneft from the privatisation of a mid-sized energy group, according to a letter seen by Reuters. The planned auction of a 50 percent stake in state-owned oil producer...

  • SAO PAULO, Aug 11- BM&FBovespa SA, Latin America's largest financial exchange operator, posted a net loss of 114 million reais in the second quarter after losses caused by currency fluctuations during the sale of its stake in CME Group, the company said in a statement on Thursday. BM&FBovespa announced in September that it was going to sell its 5 percent stake in...

  • THE WALT DISNEY COMPANY ACQUIRES MINORITY STAKE IN BAMTECH.

  • *Nissan also in talks with Chinese, other overseas firms-sources. TOKYO, Aug 6- Nissan Motor Co is in talks with Panasonic Corp and overseas companies including Chinese firms over the possible sale of its controlling stake in a car battery manufacturing venture, sources said. Two people with knowledge of the matter said on Saturday that the Japanese automaker...

  • TOKYO, Aug 5- Japan's Idemitsu Kosan is looking to acquire a smaller stake in Showa Shell Sekiyu than planned, aiming to counter efforts by the former's founding family to block a merger of the two oil refiners, the Nikkei business daily reported on Friday. Shosuke Idemitsu, Idemitsu's honorary chairman and 89- year-old son of its founder, said in an open letter...

  • *Smaller stake purchase may counter Idemitsu family's plan-Nikkei. *Idemitsu: Company chiefs met, no decision on any specific plans. TOKYO, Aug 5- Idemitsu Kosan Co is looking to acquire a smaller stake in Showa Shell Sekiyu than planned, aiming to counter efforts by the former's founding family to block a merger of the two oil refiners, the Nikkei business daily...