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Buyins and Buyouts

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  • Lululemon rises as Wilson sells part of his stake Friday, 8 Aug 2014 | 11:18 AM ET

    NEW YORK— Shares of Lululemon rose Friday after founder and former chairman Dennis "Chip" Wilson agreed to sell about half his shares in the company, averting a possible fight for control over the yoga apparel maker. Shares of Lululemon Athletica Inc. rose $1.19, or 3.1 percent, to $40.22 in late morning trading.

  • NEW YORK, Aug 7- Lululemon Athletica Inc founder Chip Wilson will sell half of his 27 percent stake in the yoga apparel maker to private equity firm Advent International for $845 million, as part of a deal in which Wilson agreed not to wage a proxy contest.

  • Lululemon founder to sell half his stake for $845M Thursday, 7 Aug 2014 | 5:38 PM ET

    Lululemon Athletica founder Dennis "Chip" Wilson will sell half his stake in the company as part of a truce that averts a potentially messy battle at the maker of yoga apparel and other exercise gear. Under the deal announced Thursday, investment firm Advent International will pay Wilson $845 million for 20.1 million shares.

  • *New South Wales wants $10 bln for 49 pct of electricity network. Rooftop solar installations are booming and on-grid energy use is falling just as the government of New South Wales state prepares to offer a 49 percent stake in its electricity distribution network for around $10 billion, likely to one or more strategic investors.

  • Steve Forbes will continue to serve as chairman and editor-in-chief. The buyer is a newly formed consortium out of Hong Kong called Integrated Whale Media Investments, led by Integrated Asset Management, an investment company that focus on the technology, finance and telecommunications sectors, and Wayne Hsieh, the co-founder of Asustek Computer Inc..

  • *BSkyB in talks to buy into Germany, Italy. LONDON, July 17- U.S.-based cable group Liberty Global has bought BSkyB's 6.4 percent stake in ITV, Britain's biggest free-to-air commercial broadcaster, boosting its shares on hopes of a wider bid.

  • LONDON, July 17- Britain's pay-TV group BSkyB has sold a 6.4 percent stake in free-to-air broadcaster ITV to cable group Liberty Global, raising cash ahead of a possible deal to expand in Europe. BSkyB, which is in talks to buy Rupert Murdoch's Sky Italia and Sky Deutschland to create a European pay-TV powerhouse, said it had sold the stake for 481 million pounds.

  • Britain's BSkyB sells ITV stake to Liberty Global Thursday, 17 Jul 2014 | 2:11 AM ET

    LONDON, July 17- Britain's pay-TV group BSkyB has sold a 6.4 percent stake in the country's biggest free-to-air commercial broadcaster ITV to cable group Liberty Global for 481 million pounds.

  • TOKYO, July 16- Japan's KDDI Corp and Sumitomo Corp, in partnership with Myanmar's state-backed telecoms operator, plan to invest about $2 billion over the next decade to expand service in one of the world's least-connected countries.

  • NEW DELHI, July 15- Indian Prime Minister Narendra Modi's government will decide next month on the sale of a $3 billion stake in state oil firm ONGC, in a major test of whether he will follow tentative reforms outlined in his first budget with actions.

  • *BP, Anadarko, IBV are partners in areas hit by writedown. Maersk bought the assets from South Korea's SK Energy Co Ltd for $2.4 billion in 2011. On Tuesday, Brazil's HRT Participacoes em Petroleo SA said it bought Maersk's 40 percent Polvo stake for an undisclosed sum.

  • *BP, Anadarko, IBV are partners in areas hit by writedown. Maersk bought the assets from South Korea's SK Energy Co Ltd for $2.4 billion in 2011. On Tuesday, Brazil's HRT Participacoes em Petroleo SA said it bought Maersk's 40 percent Polvo stake for an undisclosed sum.

  • The Agnellis control Fiat Chrysler with a 30 percent stake via holding firm Exor, but their voting power could rise to as much as 46 percent through a loyalty scheme put in place as part of the merger to reward long-term investors.

  • *PetSmart shares rise as much as 15 pct. July 3- Activist hedge fund Jana Partners LLC said it planned to ask PetSmart Inc to explore a sale, underlining troubles at the pet product retailer. Jana Partners reported a 9.9 percent stake in PetSmart, making it the company's largest shareholder.

  • MEXICO CITY, June 27- Carlos Slim's real estate firm, Inmobiliaria Carso, will buy AT&T Inc's equity stake in America Movil, tightening the Mexican tycoon's control of his flagship telecommunications firm, according to a filing with Mexico's stock exchange on Friday.

  • ABU DHABI, June 25- Abu Dhabi's state-owned Etihad Airways said on Wednesday that it had agreed principal terms and conditions to buy a 49 percent equity stake in Italy's Alitalia. The board of troubled Alitalia voted on June 13 to accept an offer by Etihad to invest in the company, but did not give details.

  • SYDNEY, June 24- South Africa's Woolworths Holdings Ltd offered on Tuesday to buy the 12 percent of Australian clothes retailer Country Road Ltd it does not already own from billionaire Solomon Lew for A $213 million.

  • SYDNEY, June 24- South Africa's Woolworths Holdings Ltd offered on Tuesday to buy the 12 percent of Australian clothes retailer Country Road Ltd it does not already own from billionaire Solomon Lew for A $213 million.

  • *France seeks to buy Bouygues' 20 pct in Alstom. *Formal deadline for GE offer for Alstom is Monday. PARIS, June 22- The French government was locked in negotiations on Sunday over its planned purchase of a stake in Alstom from conglomerate Bouygues, the last hurdle in an announced tie-up between Alstom and General Electric.

  • PARIS, June 21- The board of Alstom backed a proposed tie-up with General Electric on Saturday as the French government neared agreement with shareholder Bouygues over the last major outstanding plank of the deal.