Tag Archives: stake
U.S. hedge fund calls for Sony Entertainment spin-off
By Chikafumi Hodo and Nathan Layne TOKYO (Reuters) – Billionaire hedge fund investor Daniel Loeb on Tuesday called on Sony Corp to spin off its lucrative entertainment arm, setting the stage for a clash between his activist Wall Street fund and management at the Japanese electronics maker. Loeb said his Third Point hedge fund had accumulated a little more than 6 percent of Sony's shares – a stake worth $1.1 billion – making it the largest stakeholder in the inventor of the Walkman portable music player and Trinitron TV Continue reading
Big Sony options action before Loeb stake raises eyebrows
A surge in option market bets on Sony Corp just before a large hedge fund investor announced a big stake and called for a major restructuring of the company has raised concerns that some traders may have had advance word of the news. Continue reading
Aurizon Considers Rail Network Stake Sale
Aurizon Holdings Ltd. (AZJ.AU) is looking at selling a minority stake in its rail network, a move that the freight company says would free up cash to invest in new projects as it moves to expand its Australian operations. Continue reading
Ares Management to buy real estate investor AREA Property: WSJ
(Reuters) – Investment firm Ares Management will acquire AREA Property Partners, gaining the New York-based real estate investor’s $6 billion in assets, the Wall Street Journal reported, citing people briefed on the matter. Terms of the transaction were not disclosed but Ares, a Los Angeles-based investment firm with about $60 billion under management, will also buy out a minority stake in AREA held by the National Australia Bank , the newspaper reported Continue reading
Icahn ups stake in Nuance to 10.72 percent from 9.27 percent: filing
Billionaire investor Carl Icahn increased his stake in speech recognition and digital imaging software maker Nuance Communications Inc from 9. Continue reading
Vodafone investors want bigger bid or full takeover by Verizon
Six major Vodafone investors said $100 billion was not enough for the British company’s stake in its U.S. joint venture with Verizon Communications, and urged the latter to come up with an offer of at least $120 billion. Continue reading
Bankia Buys 50% Stake in Aseval for EUR608 Million From Aviva
Nationalized Spanish bank Bankia SA said Tuesday it has completed the purchase of a 50% stake in Aseval for 608 million euros ($791 million) from U.K. Continue reading
KKR To Acquire Alliance Tire Group From Warburg Pincus
WASHINGTON (dpa-AFX) – Kohlberg Kravis Roberts & Co. (KKR) announced it has entered into an agreement to acquire a controlling stake in Alliance Tire Group, a tire maker specializing in producing … Continue reading
