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Industrial Conglomerates

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  • CBS Outdoor aims to raise up to $560 mln in IPO Monday, 17 Mar 2014 | 8:19 AM ET

    The company, part of media conglomerate CBS Corp, said the shares are expected to be priced at between $26 and $28 per share.

  • PARIS, March 14- Vivendi will enter three weeks of exclusive talks with cable group Numericable in an effort to finalise a deal to sell its telecom unit SFR for 11.75 billion euros in cash, plus a stake in the resulting business.

  • PARIS, March 14- Vivendi has decided "whatever the cost" to pick local cable group Numericable to buy its French telecoms unit SFR, France's industry minister said on Friday just before the seller's board convened to decide on competing bids.

  • PARIS, March 14- France's industry minister weighed in to the battle for telecoms company SFR on Friday, the day the board of parent Vivendi is expected to pick a winner, to point out "problems" with the bid from cable group Numericable.

  • PARIS, March 14- The board of France's Vivendi is to meet on Friday to debate two competing bids to buy its mobile and fixed operator SFR, a deal that could reshape Europe's third-biggest telecom market.

  • SEOUL, March 6- South Korea plans to ease rules to make mergers and acquisitions easier for private equity firms and local companies in a bid to facilitate the sale of an estimated 10 trillion won in assets of cash-strapped local conglomerates.

  • LONDON/ PARIS, March 4- Bouygues will submit an offer on Wednesday to buy Vivendi's telecom unit SFR and will make pledges on jobs and network investments to win support for its bid, two people close to the situation said on Tuesday. Bouygues and Vivendi both declined to comment.

  • NEW YORK, March 1- Warren Buffett's Berkshire Hathaway Inc on Saturday signaled he plans to make more large acquisitions to expand a conglomerate that posted a record profit in 2013, helped by a recovering U.S. economy.

  • Berkshire Hathaway posts record profit in 2013 Saturday, 1 Mar 2014 | 8:25 AM ET

    NEW YORK, March 1- Warren Buffett's conglomerate Berkshire Hathaway posted a record profit in 2013, jumping 31 percent over the previous year, the company said in its annual report, released on Saturday. Net income rose to $4.99 billion in the fourth quarter, or $3,035 per Class A share, from $4.55 billion, or $2,757 per share, a year earlier.

  • NEW YORK, Feb 28- Uniqlo parent Fast Retailing Co Ltd and South Korean fashion conglomerate E. Land Group are separately exploring a deal for large U.S. apparel chain J. Crew Group Inc, people familiar with the matter said on Friday.

  • NEW YORK, Feb 28- A five-year bull market may have finally outdueled one of the U.S. stock market's biggest bulls, and Warren Buffett will probably tell investors on Saturday that his 43- year run of beating the Street has come to an end.

  • MOSCOW, Feb 28- Russian hypermarket chain Lenta's stock market debut was clouded by political turmoil in Ukraine on Friday as investors reined in their exposure to Russian companies.

  • MOSCOW, Feb 28- Russian hypermarket chain Lenta, part-owned by U.S. private equity firm TPG, on Friday set its planned London initial public offering at the lower end of a range netting around $1 billion for selling shareholders.

  • EXCLUSIVE-GE seeks buyer for fuel dispenser unit-sources Thursday, 27 Feb 2014 | 12:46 PM ET

    NEW YORK, Feb 27- General Electric Co is preparing to sell its energy unit that makes fuel dispensers in a deal that is expected to fetch more than $500 million, people familiar with the matter said on Thursday. Wayne was part of Dresser Inc, the energy infrastructure company that GE bought in 2010 for $3 billion.

  • PARIS, Feb 24- French media group Vivendi confirmed on Monday it had been approached by cable group Altice over a tie-up between mobile operator SFR and cable firm Numericable, but said it had not yet received any formal offer.

  • DEALTALK-Greenberg channels Buffett in post-AIG comeback Wednesday, 19 Feb 2014 | 4:29 PM ET

    NEW YORK, Feb 19- Since his ouster from American International Group Inc in 2005, Maurice "Hank" Greenberg has been quietly building an insurance and investment conglomerate that people close to him describe as a mini version of Warren Buffett's Berkshire Hathaway Inc..

  • KUALA LUMPUR, Feb 20- Commodity giant Wilmar International is using its buying clout to push suppliers to be greener, or else, setting up a battle with growers and governments that have profited from their environmentally damaging practices.

  • MOSCOW, Feb 18- Russian children's goods retailer Detsky Mir, owned by oil-to-telecoms conglomerate Sistema, is aiming to launch its planned London initial public offering in mid-March, two banking sources said on Tuesday.

  • Orders worth $20 billion are up for grabs in the competition between Pratt& Whitney and CFM International. In contrast, CFM, a joint venture between General Electric Co and Safran, has supplied the dominant engine on narrow-body, single-aisle planes, which are the best-selling Boeing Co and Airbus Group models.

  • BUENOS AIRES, Feb 17- Argentine media conglomerate Grupo Clarin can break up its operations into distinct companies and avoid a forced dismantling to comply with a new media ownership law, the state media regulator said on Monday.

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