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Robert Karr Raises Stake in Yelp, Reduces Google in First Quarter
2015-06-06 15:35:19| Semiconductors - Topix.net
One of Julian Robertson 's "Tiger Cubs," Robert Karr is known for an investment strategy that emphasizes a concentrated portfolio of choice companies . Karr's portfolio remains concentrated at nine stakes; he made no new buys in the first quarter and added to only three stakes, but those additions did demonstrate his continuing interest in investing in new technologies.
Tags: google
robert
quarter
reduces
Teva ups stake in Mylan
2015-06-06 01:23:39| Biotech - Topix.net
Teva Pharmaceutical Industries Ltd. has increased its stake in Mylan N.V. to about 2.2 percent , ramping up its acquisition plans and accumulating about 10.5 million shares in the company as of Thursday. Teva took a 1.8 percent stake in Mylan last week .
Millicom buys 85% stake in Zantel with plans to deploy 4G
2015-06-05 09:18:00| Telecompaper Headlines
(Telecompaper) Millicom has agreed to buy an 85 percent stake in Tanzanian operator Zanzibar Telecom (Zantel) from the Etisalat Group. Under the terms of the agreement, Millicom will pay a total cash consideration of USD 1 dollar and assume total debt obligations of USD 74 million. In addition, Zantel will have up to USD 32 million in net current liabilities at closing. Millicom expects the EBITDA of Zantel to reach USD 25 million through a combination of bringing new products and services to the existing customer base and delivering greater efficiencies. The acquisition agreement allows for an adjustment to the total consideration if that target is not reached by the end of 2019. Millicom intends to retain and continue to operate the Zantel brand, while delivering cash flow growth by leveraging technical and operational efficiencies. The company plans to roll out 4G coverage and access more bandwidth capacity via the undersea fibre optic cable EASSy. Millicom has arranged with a leading international bank, the provision of a USD 100 million 5-year credit facility for Zantel.
Weston Presidio Sells Stake in Too Faced Cosmetics
2015-06-05 07:00:00| Happi Breaking News
Founders and senior management team will "retain significant ownership."
Tags: faced
sells
cosmetics
stake
WH Group Sells Campofrio Stake for $354 Million
2015-06-05 02:00:00| ThePigSite - Industry News
CHINA - Smithfield Foods, Inc, a wholly owned subsidiary of WH Group Limited, has announced the sale of its entire equity interest in Campofrio to Alfa for $354 million in cash.
Tags: group
million
sells
stake
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