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Vivendi becomes top Telecom Italia investor with 14.9% stake
2015-06-25 08:38:00| Telecompaper Headlines
(Telecompaper) French media conglomerate Vivendi has confirmed that it has increased its stake in Telecom Italia to 14.9 percent and replaced Telefonica as the Italian operator's largest shareholder. "This investment represents an opportunity for the group to be present and to expand in a market with significant growth prospects and a very strong appetite for quality content," said Vivendi, adding that it intends to support Telecom Italia over the long term. The French group said it had received 8.24 percent of Telecom Italia shares from Telefonica as part-payment for the sale of its Brazilian broadband unit GVT, which closed on 28 May. In addition, Vivendi raised its ordinary shares in Telecom Italia from a "recently purchased" 1.9 percent to 6.66 percent on 22 June, representing a global cash payment of around EUR 1 billion.
Tags: top
italia
investor
telecom
Investor files suit against Trinity Industries, seeks class-action status
2015-06-20 23:35:30| Automakers - Topix.net
A new Trinity Industries guardrail head at the site of a car accident in Hillsborough, N.C., Oct. 25, 2014. Rail heads made by Trinity Industries, meant to reduce damage in a collision, were at the center of a massive whistleblower trial last fall, and at least 13 states have stopped buying them.
Tags: status
files
industries
suit
Investor files suit against Trinity Industries, seeks class-action status
2015-06-20 20:33:52| Railroads - Topix.net
A new Trinity Industries guardrail head at the site of a car accident in Hillsborough, N.C., Oct. 25, 2014. Rail heads made by Trinity Industries, meant to reduce damage in a collision, were at the center of a massive whistleblower trial last fall, and at least 13 states have stopped buying them.
Tags: status
files
industries
suit
Patience, planning pay off for Tampa investor in Texas senior center sale
2015-06-19 22:13:38| Biotech - Topix.net
RWS Healthcare, a portfolio company of Tampa-based Windward, sold The Arbor Assisted LIving Facility in Nacogdoches, Texas to Prevarian Senor Living. The sale price was not disclosed in a press release announcing the deal .
Tags: center
sale
pay
planning
US investor Elliott takes aim at Asia's family-run firms
2015-06-19 06:00:45| Chemicals - Topix.net
The Samsung logo is show as the Korean conglomerate is one of the family-owned firms in Asia being challenged by activist investors such as US hedge fund Elliott Management headed by billionaire Paul Singer. Photo: AFP US billionaire Paul Singer appears to have paved the way for activist investors to fight for shareholders' rights where few hedge funds have ventured: Asia's biggest family-run firms.
Tags: takes
aim
investor
firms
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