LISBON, March 31- Portugal has agreed to sell a 75 percent stake in state-rescued lender Novo Banco to U.S. private equity firm Lone Star in exchange for a capital injection of 1 billion euros into the institution, the government said on Friday. Prime Minister Antonio Costa said the sale fulfilled a key criterion of not extending any state guarantees to the buyer,...
JOHANNESBURG, March 29- Shareholders in South Africa's Aveng approved the sale of a 51 percent stake in the Grinaker-LTA business to Kutana Construction, the company said on Wednesday, bringing in a partner owned by black women. Shares in Aveng were up 1.29 percent to 7.04 rand at 1046 GMT. With rising unemployment, the ruling African National Congress is under...
March 28- The two buyout firms that own Pharmaceutical Product Development LLC are in advanced talks to sell some of their stakes in the U.S. clinical trials firm at a price that would value the entire company at more than $9 billion, including debt, people familiar with the matter said. Carlyle and Hellman& Friedman are in talks to sell minority stakes in PPD to...
March 28- Tesla Inc said on Monday that Chinese tech giant Tencent Holdings Ltd has invested $1.78 billion in the Electric carmaker for a 5 percent passive stake. Tencent, best known for its WeChat mobile app, has been investing in a number of sectors, including gaming, entertainment, cloud computing and online financing. Tencent now owns more than 8 million shares...
HONG KONG, March 28- Acquisitive Chinese conglomerate HNA Group is in talks to buy a controlling stake in the owner of the publisher of Forbes magazine, two sources with knowledge of the matter told Reuters. Hong Kong- based investor group Integrated Whale Media Investments, which holds 95 percent of Forbes Media, is also in talks with another Chinese media firm...
Wal-Mart Stores Inc is in talks to buy a minority stake in India's largest e-commerce firm Flipkart, two people familiar with the matter said.
Few Wall Street banks still run LBO shops in-house. An $8 billion LBO fund may put the bank in a class of its own.
Horizon Pharma has hired Bank of America to help it explore selling a significant equity stake to an investor that would bolster its balance sheet.
Viacom has received interest from three dozen companies for a minority stake in its Paramount Pictures studio, Chief Executive Philippe Dauman said.
ArcelorMittal launched plans to raise $3 billion in fresh capital in a bid to reduce debt in the face of weak steel and mining sectors.
CLSA U.S. Managing Director and beverage analyst Caroline Levy discusses the timing of Keurig's $13.9B buyout, and whether investors overpaid at a 75 percent premium.
Pearson, fresh from agreeing the sale of the Financial Times newspaper, said on Wednesday it would sell its 50 percent stake in the Economist Group to its existing investors.
Ed Ponsi, Managing Director at Barchetta Capital Management, believes the common currency will remain in the 1.05-1.13 range against the greenback.
Brent Saunders, Actavis CEO, discusses how Actavis is leading the way in growth pharma and talks about its M&A strategy.
Brian Whiteman, GrooveBook founder; discusses how he got the idea to start his photobook company. And Jeffrey Housenbold, Shutterfly president & CEO, shares his outlook for GrooveBook.
Discussing Shutterfly's $14.5 million acquisition of "Shark Tank" backed GrooveBook, with Brian Whiteman, GrooveBook founder; Jeffrey Housenbold, Shutterfly president & CEO, and Kevin O'Leary, "Shark Tank" investor.
Lloyds will next week announce plans to cut 9,000 jobs over the next three years, sources familiar with the matter told Reuters.
CNBC's David Faber reports Family Dollar has rejected Dollar General's revised buyout bid over antitrust issues.
French rivals LVMH and Hermès are celebrating a truce and putting an end to takeover speculation. Hermès shareholders may not be so thrilled.
Shares of Coca-Cola are spiking. CNBC's Becky Quick provides insight to Warren Buffett denying money manager David Winters' reported comments speculating that Coca-Cola could be taken private.