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Buyins and Buyouts

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  • Feb 20- Private equity firm Blackstone Group LP and Singapore sovereign wealth fund GIC are in advanced talks to acquire a minority stake in Kronos Inc that could value the resources management software firm at around $4.5 billion, two people familiar with the matter said on Wednesday.

  • LONDON, Feb 18- South Africa's Standard Bank, now selling a controlling stake in its markets unit to China's ICBC, is emerging as a frontrunner to buy Deutsche Bank's place in the global gold price-setting process, sources familiar with the matter said. Market sources said Standard Bank, in conjunction with ICBC, is in prime position to buy the Deutsche seat.

  • SAO PAULO, Feb 12- Brazilian education company Abril Educação SA is in talks with private equity funds Carlyle and KKR over the sale of a minority stake in the company for up to 450 million reais, newspaper Valor Economico said on Wednesday.

  • MADRID, Feb 12- Iberdrola has sold a 22.6 percent stake in Brazil's Itapebi Geracao de Energia to a unit of the Spanish utility's affiliate Neoenergia for 325 million reais, it said on Wednesday.

  • *L'Oreal buys 8 pct stake from Nestle for 6.5 bln euros. *Nestle stake cut to 23 pct, but says in for long haul. *Deal will boost L'Oreal EPS, Nestle to do share buyback.

  • *Not clear whether Bidvest will raise stake further. JOHANNESBURG, Jan 31- South Africa's Bidvest said it had raised its stake in drugmaker Adcock Ingram to over 34 percent, enough to block a rival $1.2 billion bid and prompt Adcock to seek urgent talks with its Chilean suitor.

  • MOSCOW, Jan 24- Pavel Durov, founder of Russia's biggest social network, said he sold his stake in VKontakte to an ally of tycoon Alisher Usmanov, the site's second-largest shareholder, who has long wanted to secure control.

  • *Murray Goulburn sells 18 pct stake to Canada's Saputo. SYDNEY, Jan 23- Australia's Murray Goulburn Co-operative Co Ltd agreed to sell its 17.7 percent stake in Warrnambool Cheese and Butter Factory Co Holdings Ltd to rival bidder Saputo Inc, finally bowing out of the hotly contested bidding battle.

  • FRANKFURT, Jan 23- The majority shareholder behind German drugs distributor Celesio is in talks to buy the shares in Celesio held by hedge fund Elliott as part of a fresh attempt to sell the company to U.S. drugs wholesaler group McKesson, a person familiar with the talks told Reuters.

  • *Murray Goulburn sells 18 pct stake to Canada's Saputo. SYDNEY, Jan 23- Australia's Murray Goulburn Co-operative Co Ltd agreed to sell its 17.7 percent stake in Warrnambool Cheese and Butter Factory Co Holdings Ltd to rival bidder Saputo Inc, finally bowing out of the hotly contested bidding battle.

  • Jan 21- Discovery Communications has gained a controlling interest in European sports broadcaster Eurosport International from French media group TF1, the companies said on Tuesday. The deal was based on a valuation of about $1.2 billion for the Eurosport Group.

  • TEGUCIGALPA, Jan 20- Honduras' Congress on Monday approved a breakup of the country's state-controlled electricity producer, allowing private interests to invest in the semi-shuttered industry in an effort to stem the company's losses and revitalize the ailing sector.

  • UPDATE 1-AOL surrenders control of Patch in joint venture Wednesday, 15 Jan 2014 | 5:59 PM ET

    AOL will transfer Patch to a new limited liability company run by Hale Global. AOL will retain a minority interest. The partnership is the latest chapter in the history of Patch, a network of more than 900 websites covering events and news in communities such as Montclair, New Jersey and Malibu, California that AOL Chief Executive Tim Armstrong helped start.

  • RIO DE JANEIRO, Jan 14- Brazil's state-run oil company Petroleo Brasileiro SA, or Petrobras, on Tuesday "emphatically denied" that it is in talks with India's ONGC Videsh to sell part of its stake in the giant Libra offshore prospect in Brazil.

  • TOKYO, Jan 13- Toshiba Corp is in the final stages of boosting its stake in British nuclear power firm NuGen to around 60 percent by buying a 10 percent stake from French utility GDF Suez SA, industry sources familiar with the matter said on Monday.

  • TOKYO, Jan 13- Toshiba Corp is in the final stages of buying around 10 percent of British nuclear power firm NuGen from French utility GDF Suez SA, boosting its stake to around 60 percent, the Nikkei business daily reported on Monday without citing sources. Toshiba would buy the stake from GDF Suez, which owns 50 percent of NuGen, for about 3 billion yen, the Nikkei said.

  • 21st Century Fox sells Star China TV stake Thursday, 2 Jan 2014 | 7:33 AM ET

    21st Century Fox said on Thursday it would sell its 47 percent stake in Star China TV to the TV channel operator's management and private equity fund China Media Capital.

  • Bloody Monday: BlackBerry dumps CEO, ends buyout Monday, 4 Nov 2013 | 9:18 AM ET
    BlackBerry CEO Thorsten Heins.

    BlackBerry on Monday moved to oust CEO Thorsten Heins and jettisoned a buyout by Fairfax Financial in one fell swoop.

  • Michael Dell speaks out on buyout battle     Friday, 13 Sep 2013 | 9:16 AM ET

    In an exclusive interview, CNBC's Maria Bartiromo talks with Michael Dell, Dell chairman & CEO, about his long, drawn out buyout battle to take his company private and how he plans to turnaround the PC maker. (Note: During this interview, Mr. Dell misspoke when he said the company had generated $22 billion in cash flow in the last 5 quarters. He meant to say years, according to the company.)

  • It's official, Dell shareholders approve buyout     Thursday, 12 Sep 2013 | 10:23 AM ET

    CNBC's Jackie DeAngelis reports a majority of Dell's shareholders voted to approve Michael Dell's plans to take the tech giant private.