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Buying & Selling Stake

Qimonda Announces Global Restructuring Program and Agrees to Sell Its Stake in Inotera Memories to..

Qimonda AG (NYSE: QI) announced today a global restructuring and cost reduction program. As a part of this program, Qimonda also announced today that it has reached an agreement with Micron Technology, Inc. to sell its 35.6...

Mitsubishi UFJ buys 21 pct stake in Morgan Stanley

Mitsubishi UFJ gets better deal after Morgan shrs tumble * Deal to include only convertible preference shares * Reports say US government may protect MUFG stake (Reflects companies' announcement of new deal terms) By Joseph A....

Tchenguiz sells Whitbread stake

Property tycoon Robert Tchenguiz has reportedly sold his 3% stake in Whitbread. Tchenguiz: Whitbread stake sold The news follows the sale of his 25% stake in Mitchells & Butlers and the sale of his stake in Sainsbury's last...

BBC Worldwide buys stake in independent producer Big Talk

BBC Worldwide has taken a 25% stake in production company Big Talk - the vehicle behind Simon Pegg's new Channel 4 comedy Life and Other Distractions. Big Talk founder and chief executive, Nira Park, and the managing director,...

UPDATE 1-RBS placed 9.98 pct of Storebrand -bankers

OSLO, Oct 13 (Reuters) - Royal Bank of Scotland has sold a 9.98 percent stake in Norwegian insurance company Storebrand , a transaction worth 987.8 million Norwegian crowns ($159.3 million), the bookrunner ABN AMRO said on Monday.

Rescue's 1st steps

A top Treasury official on Monday outlined the government's multi-prong effort to bail out the United States financial system and resuscitate the economy, though he offered few details on how the plan will be carried out.

MUFG buys 21 percent stake in Morgan Stanley

NEW YORK (Reuters) - Mitsubishi UFJ Financial Group Inc (MUFG) said on Monday it bought a stake in beaten-down Morgan Stanley, though at more favorable terms, as the U.S. government reportedly offered to support the Japanese...

DI acquires 5% stake in First Energy Bank

Leading diversified group Dubai Investments yesterday said it had acquired five per cent stake, or 50 million shares, in Bahrain-based Islamic bank First Energy Bank for $65m (Dh238.55m). The bank is focused on investment and...

Federal Stakes in U.S. Banks: Details, Please

The U.S. Treasury's plan to buy into troubled banks has investors asking 'when, how, and which'? The U.S. Treasury has made clear it plans to provide capital by taking stakes in financial companies. An address scheduled for...

Alcatel shares up on Thales stake sale report

PARIS (Reuters) - Shares in French telecoms equipment giant Alcatel-Lucent gained 17 percent in early Monday trade after a media report it was close to selling its 20.8 percent stake in Thales to Dassault Aviation .

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