Early Movers: TGT, LOW, MRK, SPLS & More
Buyins and Buyouts
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EDINBURGH, May 16- Britain's largest retail bank Lloyds expects to return to profit this year, increasing the government's chances of selling its stake before the next general election in 2015..
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*Indonesia among most underdeveloped Asia bank markets. TOKYO/ HONG KONG, May 9- Sumitomo Mitsui Financial Group's deal to buy a $1.5 billion stake in Indonesia's BTPN at high valuations marks the beginning of an aggressive push by cash-rich Japanese lenders into retail banking in other Asian markets.
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*Dubai Group not expecting to sell assets in 2013. DUBAI, May 9- Dubai Group, an investment vehicle owned by the emirate's ruler, will be spun off as an independent company with creditors owning an equity stake after its planned $10 billion debt restructuring, a top official said.
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DUBAI, May 9- Dubai Group will be spun off as an independent company with creditors owning an equity stake after its planned $10 billion debt restructuring, the chief executive of parent Dubai Holding said in an interview on Thursday.
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May 8- Rupert Murdoch's News Corp reported higher earnings and revenue for its fiscal third quarter, aided by the purchase of a controlling stake in German pay TV operator Sky Deutschland and growth at cable networks. The company recorded $42 million in costs related to investigations of phone hacking at its newspapers in Britain.
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*Eni will hold 8.5 pct of Snam via convertible bond. MILAN, May 8- Italy's Eni will sell an 11.7 percent stake in Snam, worth around 1.5 billion euros at market prices, as it makes good on a pledge to exit the gas transport company.
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*Petronas makes first ever acquisition in Brazil. *OGX blocks are 95 km offshore Rio de Janeiro state. KUALA LUMPUR/ RIO DE JANEIRO, May 8- Malaysian state oil firm Petroliam Nasional Bhd agreed on Wednesday to pay $850 million for a 40 percent stake in a Brazilian offshore oil field controlled by Brazil's OGX Petroleo e Gas SA.
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China Mengniu said it would buy an aggregate 1.296 billion shares of Modern Dairy from KKR& Co. L.P. backed Advanced Dairy SPA and CDH Investment Advisory Private Limited- backed Crystal Dairy SPA at HK $2.45 per share.
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May 7- Qatar has approached International Airlines Group, the owner of British Airways and Iberia, with an informal offer to become the company's largest shareholder by buying the 12 percent stake held by Spain's nationalised lender Bankia, the Financial Times reported.
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May 7- Warren Buffett's Berkshire Hathaway Inc, the largest investor in DaVita HealthCare Partners Inc, has entered an agreement allowing it to nearly double its stake in the largest U.S. operator of dialysis clinics to 25 percent. DaVita shares rose $3.84, or 3.3 percent, to $121.40 in after-hours trading after the agreement was disclosed.
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MILAN, May 7- Italy's luxury underwear maker La Perla has entered exclusive talks with fashion group Calzedonia over the sale of a controlling stake that would help the loss-making group relaunch on international markets.
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MILAN, May 7- Italy's luxury underwear maker La Perla has entered exclusive talks with fashion group Calzedonia over the sale of a controlling stake that would help the loss-making group relaunch on international markets.
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HERZOGENAURACH, Germany, May 7- Increasing its stake in Puma is not a priority right now for PPR, the French group's managing director said on Tuesday at the sportswear group's annual shareholding meeting.
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NEW YORK/ LONDON, May 6- Some shareholders of Verizon Communications Inc say they could be happy for the company to pay up to $130 billion for Vodafone Group Plc's.
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AMSTERDAM, May 7- Koninklijke DSM NV:. *Dsm n.v.: dsm to acquire 19 percent interest in Yantai Andre Pectin Co. Ltd., a China based producer of texturing ingredients. *Andre Pectin realizes annual net sales of around EUR 30 million.
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sold off another 1.375 million of its Moody's Corp shares in the past three trading days, leaving it with an 11.1 percent stake in the parent of credit rating agency Moody's Investors Service. Last Wednesday, Berkshire Hathaway said it had sold 1.75 million Moody's shares in the first three days of last week, the first time since 2010 it had sold shares in Moody's.
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*MBIA shares close up 45 pct, Bank of America up 5.2 pct. May 6- Bank of America Corp has agreed to pay $1.6 billion in cash to MBIA Inc and will receive the right to buy a 4.9 percent stake in the bond insurer to resolve long-running litigation, the companies said on Monday.
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*MBIA shares close up 45 pct, Bank of America up 5.2 pct. May 6- Bank of America Corp has agreed to pay $1.6 billion in cash to MBIA Inc and will receive the right to buy a 4.9 percent stake in the bond insurer to resolve long-running litigation, the companies said on Monday.
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Apple is up 10 percent in the past week, and Google is up 7 percent, with the "Fast Money" traders; and discussing whether a market correction might create opportunities in the leveraged buyout market, with Joan Solotar, Blackstone.
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BRIEF-Glenview Capital Management reports 14.6 pct stake in Health Management Associates as of May 6
May 6- Health Management Associates Inc:. *Glenview Capital Management reports 14.6 percent stake in Health Management. Associates Inc as of may 6- SEC filing.