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Tag: stake
Exclusive: Teva poised to raise its stake in Mylan - sources
2015-06-03 01:35:29| Biotech - Topix.net
The strategy is a sign of Teva's commitment to its $40 billion bid for Mylan, as the latter presses on with its own $34 billion hostile bid for over-the-counter drug company Perrigo Company Plc ( Teva last week disclosed a 1.8 percent stake in Mylan, which blasted the move as breaching U.S. antitrust laws because of the stake's size. U.S antitrust laws bar companies from acquiring stakes worth more than $76.3 million in rivals without first obtaining regulatory approval.
Tags: sources
exclusive
raise
stake
Sale of PT Portugal's stake to Altice becomes effective
2015-06-02 22:41:00| Telecompaper Headlines
(Telecompaper) Brazilian operator Oi has announced that the sale by Oi of all shares issued by PT Portugal to Altice Portugal became effective on 02 June. Altice Portugal disbursed the total amount of EUR 5.789 billion for the acquisition of PT Portugal, of which EUR 4.920 billion were paid in cash to Oi and EUR 869 million were allocated to immediately repay outstanding indebtedness of PT Portugal in euros. The final purchase price is subject to post-closing adjustments to be calculated within the next months as a result of changes in the cash, indebtedness and working capital positions on the closing date. French telecom holding company Altice said had now closed the EUR 7.4 billion acquisition of Portugal Telecom's assets in Portugal.
Tags: sale
effective
stake
portugals
Delek in talks to buy additional stake in offshore Cyprus gas field from Noble Energy
2015-06-02 01:00:00| Offshore Technology
Israel-based Delek Group is in discussions with Noble Energy International to buy an additional 19.9% stake in Block 12 offshore Cyprus gas field Aphrodite for $155m.
Tags: buy
additional
field
energy
Vivendi closes GVT sale, gets Telecom Italia stake
2015-05-30 07:25:59| Telecom - Topix.net
Vivendi SA on Friday said it has completed the sale of its Brazilian telecom unit GVT to Telefonica SA a move that will add another cash pile to its already large money reserve and make the French group a significant shareholder in Italian telecom company Telecom Italia SpA Vivendi will in coming weeks own 8.3% of Telecom Italia's capital, which was part of the deal as agreed with Telefonica last September. Vivendi said it will receive 4.2 billion euros in cash, before tax, and get a 12% stake in Vivo, Telefonica's Brazilian unit merged with GVT.
Tags: sale
italia
telecom
closes
Yelp Inc (YELP): Eminence Capital Discloses New Passive Stake
2015-05-29 20:28:46| Jewelry - Topix.net
Eminence Capital , led by Ricky Sandler , has initiated a new position in Yelp Inc . In a new filing with the U.S. Securities and Exchange Commission, the hedge fund disclosed owning 3.33 million Class A shares.
Tags: capital
passive
stake
discloses
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