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Mergers and Acquisitions Divestments

  • *Freeport can now apply for 10- yr Grasberg permit extension. *Freeport says makes "major concession" on divestment, smelter. Freeport has been in talks with Indonesia since late 2009 to work out how to shift to a new permit for Grasberg, the world's second-biggest copper mine, as mandated in a mining law passed that year.

  • *Freeport can now apply for 10- yr Grasberg permit extension. *Freeport says makes "major concession" on divestment, smelter. Freeport has been in talks with Indonesia since late 2009 to work out how to shift to a new permit for Grasberg, the world's second-biggest copper mine, as mandated in a mining law passed that year.

  • Aug 29- Advisory Board Co said it would sell its healthcare business to UnitedHealth Group Inc's Optum unit and education business to private equity firm Vista Equity Partners, for a total deal value of $2.58 billion. The sale of the education business is expected to close by the end of this year or in early 2018, after which Advisory Board will merge its...

  • *Freeport can now apply for 10- yr Grasberg permit extension. *Freeport says makes "major concession" on divestment, smelter. Freeport said on Tuesday it had made a "major concession and compromise" in agreeing to sell a 51 percent stake, and to build a second smelter in Indonesia.

  • Aug 29- Advisory Board Co said it would sell its healthcare business to UnitedHealth Group Inc's Optum unit and education business to private equity firm Vista Equity Partners, for a total deal value of $2.58 billion. Sale of the education business is expected to close by the end of this year or in early 2018, after which Advisory Board will merge its healthcare...

  • *Freeport can now apply for 10- yr Grasberg permit extension. *Freeport says makes "major concession" on divestment, smelter. Freeport said on Tuesday it had made a "major concession and compromise" in agreeing to sell a 51 percent stake, and to build a second smelter in Indonesia.

  • *Freeport can now apply for 10- yr Grasberg permit extension- Govt. Still, by agreeing to the majority divestment, Freeport is giving what it calls a "major concession" to the Indonesian government to move closer to fully resolving the dispute over Grasberg, the world's second-biggest copper mine. "The mandate of the president, which has been agreed to by Freeport, is...

  • MOSCOW, Aug 28- A conglomerate controlled by Russian billionaire Mikhail Gutseriev and his family is selling off a $400 million portfolio of assets, including Russia's only completed building designed by architect Zaha Hadid, two real estate sources told Reuters. The most expensive single lot, according to a prospectus circulated by Safmar and seen by...

  • *Nidera hit by losses, accounting irregularities in Brazil. HONG KONG, Aug 23- Chinese state-owned food group COFCO, which fully acquired Dutch-based grains trader Nidera in February after a three-year takeover, is considering a sale of Nidera's Latin American seeds business, according to people familiar with its plans. With ambitions to become a stronger...

  • *Nidera hit by losses, accounting irregularities in Brazil. Aiming to become a stronger global player, COFCO had hoped to combine Nidera with Noble Agri, a unit of Singapore- listed trading house Noble Group, which it also began buying in 2014.. "And the accounting issue in Nidera's Brazil business helped accelerate the sale."

  • *Nidera hit by losses, accounting irregularities in Brazil. Aiming to become a stronger global player, COFCO had hoped to combine Nidera with Noble Agri, a unit of Singapore- listed trading house Noble Group, which it also began buying in 2014.. "And the accounting issue in Nidera's Brazil business helped accelerate the sale."

  • Aug 18- AT&T Inc is exploring options for its Digital Life home security business, including selling it, as it seeks to pay down debt following its planned $85.4 billion acquisition of Time Warner Inc, people familiar with the matter said. While this would do little to reduce the AT&T's debt, which totaled $143.7 billion on June 30, the sale could be a prelude to more...

  • KHOBAR, Saudi Arabia, Aug 16- Saudi Basic Industries Corp has completed the purchase of the 50 percent that it did not already own in its petrochemical venture with Shell Arabia, a unit of Royal Dutch Shell, for $820 million, SABIC said on Wednesday. "Completion of this deal shows the clear momentum behind Shells global, value-driven $30 billion divestment...

  • *Hutchison Telecom sees profit of HK $5.8 bln on the sale. Hutchison Telecom, a unit of Hong Kong's richest man Li Ka-Shing's CK Hutchison Holdings, said in a filing on Sunday that it had agreed to sell its fixed-line telecoms business to I Squared Capital for HK $14.5 billion in cash. Hutchison Telecom said it expected to make a profit of HK $5.8 billion on the sale of...

  • Aug 2- Cyber security company Symantec Corp has agreed to sell its business that helps verify the identity of websites to buyout firm Thoma Bravo LLC, people familiar with the matter said on Wednesday, a move that extricates it from a feud with Alphabet Inc's Google. Symantec stands to receive close to $1 billion in an upfront cash payment as a result of the deal, and...

  • TOSHIBA CORP AGREES TO GIVE WESTERN DIGITAL CORP TWO WEEKS' NOTICE BEFORE CLOSING SALE OF MEMORY CHIP UNIT- COURT HEARING.

  • The company logo of Noble Group at its headquarters in Hong Kong

    Noble shares plunged as much as 48.7 percent on Thursday after the company on Wednesday issued a profit warning and plans for asset sales.

  • *Expects Q2 net loss of up to $1.8 billion. SINGAPORE, July 26- Noble Group, once Asia's largest commodities trader, is to cut staff and sell assets, including its U.S. gas and power business to Mercuria Energy Group, as it faces a quarterly loss of up to $1.8 billion. Hong Kong- based Noble added that it would "explore strategic alliances in Asia" with Mercuria after...

  • *Expects Q2 net loss of up to $1.8 billion. SINGAPORE, July 26- Noble Group, once Asia's largest commodities trader, is to cut staff and sell assets, including its U.S. gas and power business to Mercuria Energy Group, as it faces a quarterly loss of up to $1.8 billion. Hong Kong- based Noble added that it would "explore strategic alliances in Asia" with Mercuria after...

  • LONDON, July 26- GlaxoSmithKline is swimming against the tide by getting out of treatments for rare diseases at a time when rivals like Sanofi and Shire see the field as a rich seam for profits. New GSK Chief Executive Emma Walmsley announced the strategic review and potential divestment of rare diseases on Wednesday as part of a wide-ranging drive to...