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  • Union: Revel casino worth $25M to $73M Wednesday, 9 Apr 2014 | 10:42 AM ET

    ATLANTIC CITY, N.J.— Atlantic City's main casino workers' union says Revel Casino Hotel is worth between $25 million and $73 million. The casino, which is seeking a buyer, cost $2.4 billion to build. "We want potential buyers to fully understand Revel's financial position," said Ben Begleiter, a research analyst for the union.

  • Imax sells 20 percent stake in China unit for $80M Tuesday, 8 Apr 2014 | 7:09 AM ET

    NEW YORK— The theater operator Imax said Tuesday that the Chinese investment fund CMC Capital Partners and Chinese private equity firm FountainVest Partners are buying a 20 percent stake in its operations in China for $80 million.

  • HELSINKI, April 8- Nokia has received approval from Chinese authorities to sell its mobile phone business to Microsoft Corp, it said on Tuesday, and added there had been no request for it to change its patent practices. Nokia agreed in September to sell the business to Microsoft in a 5.4 billion euro deal.

  • PARIS, April 7- Cement makers Lafarge and Holcim said on Monday that two-thirds of the divestments needed for their merger to satisfy competition watchdogs would be in Europe and the rest outside of the continent.

  • *Apple interested, could pay 500 bln yen by summer- Nikkei. TOKYO, April 2- Renesas Electronics Corp is talking with Apple Inc and other potential buyers of a stake in a smartphone display chip unit, as the struggling Japanese chipmaker restructures its business around the automotive industry, said a person familiar with the matter.

  • *Raises about $900 mln from sale of 9 pct stake in Axis Bank. MUMBAI/ NEW DELHI, March 21- The Indian government on Friday raised as much as $1.4 billion through share sales, in a push to shore up state finances before it heads into a tough parliamentary election next month.

  • March 19- Darden Restaurants Inc on Wednesday urged shareholders not to support activist investor Starboard Value LP's proposal for a special meeting to vote on the company's plan to divest its Red Lobster chain. Darden on Dec. 19 announced plans to spin off or sell its 705- restaurant Red Lobster chain.

  • *Metals brokerage business to stay with JPMorgan, source says. NEW YORK, March 19- JPMorgan is selling its physical commodities business to Mercuria for $3.5 billion, the U.S. investment bank said on Wednesday, sweeping the fast-growing Swiss trading house into the top league of commodities traders.

  • NEW YORK, March 19- U.S. investment bank JPMorgan has agreed to sell its physical commodities business to Mercuria, sources close to the deal said on Wednesday, catapulting the Swiss trade house into the top tier of commodities traders. JPMorgan in London declined to comment on the matter, while Mercuria could not be reached immediately for comment.

  • JPMorgan to sell commodities business to Mercuria - WSJ Wednesday, 19 Mar 2014 | 5:25 AM ET

    March 19- JPMorgan will sell its commodities trading business to Switzerland- based energy-trading company Mercuria Energy Group Ltd, the Wall Street Journal reported, citing a person familiar with the situation. JPMorgan in London declined to comment on the matter.

  • March 18- Stock market index provider MSCI Inc said it would sell influential governance unit Institutional Shareholder Services to private equity firm Vestar Capital Partners for $364 million to focus on its risk investment products and services business.

  • March 18- Stock market index provider MSCI Inc said it would sell proxy advisory unit Institutional Shareholder Services to private-equity firm Vestar Capital Partners for $364 million to focus on its risk investment products and services business.

  • SAO PAULO, March 13- France's Carrefour SA could raise as much as 5 billion reais from the sale of a stake in its Brazilian unit, one source with direct knowledge of the situation said, with potential bidders including Brazilian tycoon Abilio Diniz and a sovereign wealth fund.

  • TORONTO, March 10- Barrick Gold Corp said on Monday it plans to sell about 13.5 percent of its holdings in its majority-owned subsidiary African Barrick Gold. In 2012, the company attempted to sell a part, or all of its interest in African Barrick Gold to China National Gold Group, but those talks fell apart last year.

  • TORONTO, March 10- Barrick Gold Corp said on Monday it plans to sell about 13.5 percent of its holdings in its majority-owned subsidiary African Barrick Gold. In 2012, the company attempted to sell a part, or all of its interest in African Barrick Gold to China National Gold Group, but those talks fell apart last year.

  • CORRECTED-Weatherford to hive off non-core businesses Tuesday, 25 Feb 2014 | 7:13 PM ET

    Feb 25- Oilfield services provider Weatherford International Ltd said it would divest five businesses, exit another as it struggles with weak demand in North America, and has identified 6,192 positions for job cuts as part of a previously announced plan.

  • Weatherford to hive off non-core businesses, cut jobs Tuesday, 25 Feb 2014 | 6:10 PM ET

    Feb 25- Oilfield services provider Weatherford International Ltd said it would divest five businesses, exit another and lay off 6192 employees as it struggles with weak demand in North America. The company, which is being probed for violations of the United Nations oil-for-food program in Iraq, on Tuesday also reported a wider quarterly net loss.

  • SYDNEY, Feb 21- Anglo Dutch oil company Royal Dutch Shell said on Friday it has agreed to sell its Australian downstream businesses to oil trader Vitol SA for about A $2.9 billion.

  • Shell sells Australian business to Vitol for A$2.9blln Thursday, 20 Feb 2014 | 6:21 PM ET

    SYDNEY, Feb 21- Royal Dutch Shell PLC said on Friday it had agreed to sell its Australian downstream businesses to Vitol SA for about A $2.9 billion. The sale covers Shell's Geelong Refinery and 870 service stations plus its bulk fuels, bitumen and chemicals businesses and part of its lubricants businesses in Australia.

  • Chemical maker Ashland to sell water unit for $1.8 bln Tuesday, 18 Feb 2014 | 9:32 AM ET

    Feb 18- U.S. chemical manufacturer Ashland Inc said it would sell its water technologies unit to a fund managed by Clayton, Dubilier& Rice for about $1.8 billion. The proceeds will be used to fund a $1.35 billion stock repurchase it also announced on Tuesday. Ashland shares were up 2.3 percent at $98.40 in early trading.

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