GO
Loading...

Buyins and Buyouts

More

  • NEW YORK, Oct 7- The trustee of Hubbell Inc's controlling family trusts is evaluating alternatives for their holdings, which could lead to a shakeup at the $7.2 billion U.S. electrical equipment maker, according to people familiar with the matter. The trustee, which oversees family trusts that control a significant portion of Hubbell's voting power, has tapped...

  • Oct 6- Billionaire Patrick Drahi's cable and telecoms company Altice SA is looking to acquire the Portuguese assets of Brazilian carrier Oi SA, a source familiar with the matter told Reuters. Portugal Telecom has already transferred its local assets to Oi and retains a minority stake in the enlarged carrier, Bloomberg reported on Monday, citing a source...

  • The deal with Kuwait Foreign Petroleum Exploration Co helps Chevron reduce production risk and gives it more capital to increase drilling in Alberta's Duvernay shale formation, one of North America's largest shale deposits. Chevron's Canadian subsidiary has exploration leases for about 330,000 net acres in the Duvernay shale formation.

  • Oct 6- Chevron Corp said it would sell a 30 percent stake in its Duvernay shale formation assets in Canada to Kuwait Foreign Petroleum Exploration Co for $1.5 billion. Chevron's subsidiary, Chevron Canada Ltd, has exploration leases for about 330,000 net acres in the Duvernay shale formation. The deal creates a partnership for appraisal and development of...

  • Oct 2- Sears Holdings Corp is turning to its chief executive for cash for the second time in three weeks in a sign that its efforts to sell off assets are coming up short. The retailer announced Thursday that it would raise up to $380 million by lowering its stake in Sears Canada to 12 percent from 51 percent through a rights offering. The move comes after a year-long...

  • Oct 2- Sears Holdings Corp is turning to its chief executive for cash for the second time in three weeks in a sign that its efforts to sell off assets are coming up short. The retailer announced Thursday that it would raise up to $380 million by lowering its stake in Sears Canada to 12 percent from 51 percent through a rights offering. The move comes after a year-long...

  • TOKYO/ NEW YORK, Oct 2- Japan's SoftBank Corp said on Thursday it is taking a minority stake in privately-held Legendary Entertainment for $250 million and will form a joint venture with the Hollywood movie studio. Investing in Legendary would give SoftBank access to Hollywood films and television shows and would also broaden the reach of the Japanese company...

  • NEW YORK, Oct 2- Japan's Softbank Corp will take a minority stake in privately-held Legendary Pictures and the two companies will set up a joint venture, people familiar with the matter said on Thursday. An announcement of the details could come as soon as Thursday, the people said, asking not to be named because the matter is not public. Softbank had been in talks on...

  • Sears Holdings, which holds a 51 percent stake in its beleaguered Canadian unit, will sell 40 million shares of Sears Canada, leaving it with a stake of about 12 percent. Sears Holdings put its stake in Sears Canada on the block in May as a part of the Illinois- based company's efforts to turn around its business after years of declining sales. Shareholders of Sears...

  • Oct 2- Sears Holdings Corp said it would sell most of its stake in Sears Canada Inc through a rights issue that would raise up to $380 million ahead of the holiday season. Sears Holdings held a 51 percent stake in its Canadian unit as of March 13. Sears Holdings will sell 40 million shares of Sears Canada, after which its stake would fall to about 12 percent, or around 12...

  • BOSTON, Sept 30- Third Point LLC, the hedge fund run by Daniel Loeb that is known for pushing companies to perform better, has taken a "significant" stake in eBay Inc and has had discussions with its chief executive officer, a source familiar with the matter said on Tuesday.

  • SoftBank considers stake in Legendary Pictures -report Tuesday, 30 Sep 2014 | 5:05 AM ET

    TOKYO, Sept 30- Japan's SoftBank Corp has been in talks to take a minority stake in privately held movie studio Legendary Pictures, entertainment trade publication The Hollywood Reporter reported on Tuesday. The talks have been on a separate track from SoftBank's negotiations with DreamWorks Animation, The Hollywood Reporter said.

  • SAN FRANCISCO/ NEW YORK, Sept 26- Activist investor Starboard Value LP said on Friday it has acquired a "significant" stake in Yahoo Inc and urged the Internet company to explore a merger with AOL Inc.. Shares of Yahoo rose 4.4 percent to close at $40.60, while AOL jumped 3.7 percent to $44.55, both on Nasdaq.

  • SAN FRANCISCO, Sept 26- Activist investor Starboard Value LP said on Friday it has acquired a "significant" stake in Yahoo Inc and urged the Internet company to explore a merger with AOL Inc..

  • SAN FRANCISCO, Sept 26- Activist investor Starboard Value LP said on Friday it has acquired a significant stake in Yahoo Inc and urged the struggling Internet company to cut costs, monetize its Asian assets and seek a "strategic combination" with AOL Inc..

  • Sept 26- Shutterfly Inc shareholders Marathon Partners Equity Management LLC and Mario Cibelli said on Friday that they would support the potential sale of the online photo-sharing service provider. Cibelli is the managing member of Marathon Partners and has a 5.29 percent stake in Shutterfly.

  • *Demand from U.S. investors, Europe, UK. LONDON, Sept 26- Lloyds Banking Group has sold a further 11.5 percent stake in TSB in a 161 million pound share placing to investors that required no discount to the market price following strong demand. They see TSB as a viable challenger to Britain's "Big Four" banks- Lloyds, Royal Bank of Scotland, Barclays and HSBC.

  • *Telecom Italia board to examine Fintech's proposal Friday. MILAN/ BUENOS AIRES, Sept 25- Investment company Fintech has asked Telecom Italia to further extend an agreement to buy the Italian group's controlling stake in Telecom Argentina, Telecom Italia said on Thursday, in a last-minute attempt to ensure the sale does not fall apart.

  • NEW YORK/ PARIS, Sept 25- French oil company Total SA has launched a process to sell its 17 percent stake in the Gulf of Mexico' s Tahiti oil field, which could fetch between $1.5 billion and $2 billion in a deal, according to people familiar with the matter.

  • TOTAL SA LOOKS TO SELL 17 PERCENT STAKE IN THE GULF OF MEXICO'S TAHITI OIL FIELD- SOURCES.