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Buyins and Buyouts

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  • 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.

  • AP Top Extended Financial Headlines At 8:26 a.m. EDT Friday, 11 Jul 2014 | 8:26 AM ET

    Cigarette makers Reynolds American, Lorillard discussing merger; would create formidable No. 2 US budget likely in surplus in June; deficit expected to be at lowest level since 2008 Asian stock markets weak amid new Europe jitters after problems at Portugal bank Wells Fargo 2 Q profit climbs, helped by loan growth; Revenue falls but tops Wall Street's view Whirlpool to pay more than $1 B for controlling stake in Italian appliance maker Indesit Aereo presses case despite Supreme Court setback, seeks licensing treatment as cable company Infosys quarterly profit up 15.3 percent, maintains revenue growth forecast Portugal's biggest bank says it can cope with losses, helping to steady financial markets AP Interview: Dubai airport boss aims to keep pace with rapid growth in flight toward top rung Traders in Buenos Aires, Frankfurt should be alert to World Cup final outcome, research shows

  • AP Top Extended Financial Headlines At 7:04 a.m. EDT Friday, 11 Jul 2014 | 7:04 AM ET

    US budget likely in surplus in June; deficit expected to be at lowest level since 2008 Asian stock markets weak amid new Europe jitters after problems at Portugal bank Whirpool to pay more than $1 b for controlling stake in Italian appliance maker Indesit Aereo presses case despite Supreme Court setback, seeks licensing treatment as cable company Infosys quarterly profit up 15.3 percent, maintains revenue growth forecast Portugal's biggest bank says it can cope with losses, helping to steady financial markets AP Interview: Dubai airport boss aims to keep pace with rapid growth in flight toward top rung Imperial Tobacco in talks to buy Reynolds American, Lorillard brands amid merger speculation Traders in Buenos Aires, Frankfurt should be alert to World Cup final outcome, research shows Gov.

  • Whirlpool buys big stake in Italy's Indesit Friday, 11 Jul 2014 | 6:54 AM ET

    BENTON HARBOR, Mich.— Whirlpool will pay more than $1 billion for a controlling stake in Indesit, the appliance maker's counterpart in Italy. The deal announced Friday will put the U.S. company in possession of shares representing 66.8 percent of Indesit's voting stock.

  • *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.

  • ATHENS, June 20- China wants to invest in Greece's airports, railways and its busiest port, the two countries said on Friday, as the country where the euro debt crisis began seeks a role as China's gateway into Europe.

  • Greece seeks role as China's gateway to Europe Friday, 20 Jun 2014 | 11:29 AM ET

    ATHENS, June 20- China wants to invest in Greek airports and railways as well as the busiest port, officials said on Friday, as the country where the euro debt crisis began seeks a role as China's gateway into Europe.

  • MILAN, June 20- Carlyle Group has sold its entire 7.13 percent stake in Moncler for 215 million euros, the asset manager said on Friday, six months after the Italian luxury down jacket maker listed on the Milan bourse.

  • June 19- Enbridge Energy Partners LP said it would sell a 12.6 percent interest in its natural gas midstream business to partner Midcoast Energy Partners LP for $350 million. The deal will immediately add to the earnings of Midcoast Energy, which said it would finance it with debt.