Mergers and Acquisitions
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Former News Corp President Peter Chernin bid around $500 million for Hulu, the online-video streaming service he helped create in 2007, according to two sources with knowledge of Hulu's sale process.
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Nov 14- Starbucks Corp plans to acquire tea store operator Teavana Holdings Inc for $620 million in cash, furthering its push beyond its flagship coffee business. Starbucks, the world's largest coffee shop operator, said it will pay $15.50 per share in cash for Teavana, a 54 percent premium to the company's closing price on the New York Stock Exchange on Tuesday.
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Nov 14- Starbucks Corp said on Wednesday it plans to acquire tea store operator Teavana Holdings Inc for $620 million in cash, furthering its push beyond its flagship coffee business.
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Nov 13- Canada's Inmet Mining Corp said on Tuesday that it is not in talks with any party about a sale of the company or a substantial part of its assets, contradicting a British media report, and its shares fell 5 percent. Shares of Inmet closed down 5.32 percent at C $54.44 on Tuesday on the Toronto Stock Exchange after the company denied the takeover rumors.
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*Glencore awaits Chinese approval for Viterra takeover.
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*Glencore awaits Chinese approval for Viterra takeover.
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Nov 12- Jefferies Group Inc is selling itself to Leucadia National Corp, its biggest shareholder, in a deal aimed at reassuring investors it has access to long-term funding.
Private Equity
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*Corn most hit, with outflow of $3.1 bln; soy, gold next. Money managers slashed by $9.7 billion their net-long holdings across 22 commodities to $59.7 billion during the week to April 2, according to Reuters calculations of data released by the Commodity Futures Trading Commission. Corn, gold and soybeans accounted for nearly 80 percent of the latest decline.
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Speaking bluntly, Ackman, who sits on the JC Penney board and whose $12 billion Pershing Square Capital Management is the company's largest shareholder, said big mistakes have been made remaking the 110 year-old retail brand.
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Kevin Gardiner, head of global investment strategy at Barclays, tells CNBC that the markets present a longer term opportunity for investors even despite the potential of market setbacks.