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Mednax fielding takeover interest from buyout firms: sources

(Reuters) – Mednax Inc, a U.S. healthcare network operator targeted by activist hedge fund Elliott Management Corp, is fielding acquisition interest from several private equity firms, according to people familiar with the matter. Elliott disclosed a 7 percent ... More »

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Tencent Music, Spotify in talks to swap stakes: WSJ

Earphones are seen on a tablet screen with a Spotify logo on it, in Zenica, Bosnia and Herzegovina, February 20, 2014. REUTERS/Dado Ruvic/File Photo – S1BETDCCQSAB (Reuters) – The music group of China’s Tencent Holdings Ltd and Sweden’s Spotify AB are in talks... More »

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Clariant merger foe boosts stake to 20 percent: stock exchange

Activist investors who oppose Swiss specialty chemicals maker Clariant's proposed $20 billion merger with U.S.-based Huntsman have boosted their stake to 20 percent, the Swiss stock exchange said on Friday, after Reuters reported the increased holding on Thurs... More »

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Loeb`s Third Point targets `staid` Nestle for change

A Kitkat chocolate bar is pictured in the supermarket of Nestle headquarters in Vevey, Switzerland, February 16, 2017. REUTERS/Pierre Albouy Activist investor Daniel Loeb’s Third Point LLC on Sunday unveiled a stake of more than 1 percent in Switzerland’s Nest... More »

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Shares in Canada`s Home Capital surge as Buffett rides to rescue

FILE PHOTO – The entry to the Home Capital Group’s headquarters is seen at an office tower in the financial district of Toronto, Ontario, Canada on May 1, 2017. Picture taken using a wide angle lens. REUTERS/Chris Helgren/File Photo Warren Buffett’s Berkshire ... More »

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Activist Icahn reduces stake in miner Freeport-McMoRan

Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York, U.S. on February 11, 2014. REUTERS/Brendan McDermid/File Photo Activist investor Carl Icahn reduced his stake in Freeport-McMoRan Inc (FCX.N), t... More »

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High-profile Snap stakeholders revealed in filings

Hedge fund manager Daniel Loeb speaks during a Reuters Newsmaker event in Manhattan, New York, U.S., September 21, 2016. REUTERS/Andrew Kelly Some of the biggest U.S. mutual and hedge funds, including Daniel Loeb’s Third Point and Daniel Och’s Och-Ziff Capital... More »

Snoopy moves in with the Teletubbies at DHX Media

DHX Media Ltd is buying the entertainment unit of Iconix Brand Group Inc for $345 million, adding the Peanuts comic strip and cartoon character Strawberry Shortcake to its roster of brands that includes “Bob the Builder” and “Teletubbies”. More »

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Elliott releases private letters after Arconic CEO`s departure

FILE PHOTO: Klaus Kleinfeld, Chief Executive Officer of Arconic, takes part in the Yahoo Finance All Markets Summit in New York, U.S., February 8, 2017. REUTERS/Lucas Jackson Activist hedge fund Elliott Management released the private letter written by Arconic... More »

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Morgan Stanley rates Banco BTG Pactual stock `overweight`

The logo of Morgan Stanley is seen at an office building in Zurich, Switzerland September 22, 2016. REUTERS/Arnd Wiegmann/File Photo Grupo BTG Pactual SA’s stock is undervalued based on its ability to outperform peer banks in Latin America, where investment-ba... More »

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ValueAct boosts Valeant stake after Pershing exits

FILE PHOTO – A sign for the headquarters of Valeant Pharmaceuticals International Inc is seen in Laval, Quebec June 14, 2016. REUTERS/Christinne Muschi/File Photo ValueAct Capital raised its stake in Valeant Pharmaceuticals International Inc, in a move that co... More »

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Toshiba Tec shares rise more than 6 percent on sale report

Reporters raise their hands for a question during a news conference by Toshiba Corp CEO Satoshi Tsunakawa and other senior sompany officials at the company’s headquarters in Tokyo, Japan February 14, 2017. REUTERS/Toru Hanai Shares in Toshiba Tec Corp (6588.T)... More »

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Bank of America CEO Moynihan gets biggest payday yet

Brian Moynihan, Chairman of the Board and CEO of Bank of America Corporation attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 20, 2017. REUTERS/Ruben Sprich Bank of America Corp’s (BAC.N) board awarded Chief Executive Officer... More »

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Berkshire takes huge bite of Apple, boosts airline stakes

Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles before speaking with Bill Gates (not pictured), at Columbia University in New York, U.S., January 27, 2017. REUTERS/Shannon Stapleton Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) was an aggress... More »

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Soros gets out of gold, Paulson & Co cuts SPDR Gold shares

FILE PHOTO – President and Portfolio Manager of Paulson & Co. John Paulson speaks during the Sohn Investment Conference in New York, May 16, 2012. REUTERS/Eduardo Munoz Soros Fund Management LLC got out of gold in the fourth quarter of 2016 while Paulson & Co ... More »

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Turkish wealth fund more akin to national development bank: S&P

FILE PHOTO: Turkish lira banknotes are seen in this photo illustration shot January 7, 2014. REUTERS/Murad Sezer/Illustration/File Photo Turkey’s new sovereign wealth fund is more akin to a national development bank, with its design suggesting an effort to cre... More »

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Fujitsu says its biggest shareholder to unload its stake

A logo of Fujitsu is pictured at CEATEC (Combined Exhibition of Advanced Technologies) JAPAN 2016 at the Makuhari Messe in Chiba, Japan, October 3, 2016. REUTERS/Toru Hanai/File Photo Japan’s Fujitsu Ltd said on Tuesday its biggest shareholder would sell most ... More »

Chinese investors buy stake in mapping firm HERE

A sign of Tencent is seen during the third annual World Internet Conference in Wuzhen town of Jiaxing, Zhejiang province, China November 16, 2016. REUTERS/Aly Song Two Chinese companies and Singapore’s sovereign wealth fund GIC have agreed to buy a 10 percent ... More »

Deutsche Bank`s sale of stake in Hua Xia gets watchdog`s nod

The logo of Germany’s largest business bank, Deutsche Bank is seen in front of one of the bank’s office buildings in Frankfurt, Germany, October 27, 2016. REUTERS/Kai Pfaffenbach Deutsche Bank’s (DBKGn.DE) sale of a 20 percent stake in Chinese peer Hua Xia (60... More »

Buffett’s Berkshire invests in Apple

Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Monday revealed a new stake in Apple Inc (AAPL.O), in a bet that the stock price could rebound after iPhone sales fell for the first time. Berkshire held 9.81 million Apple shares worth about $1.07 billion as... More »

Saudi Aramco says in final stages of preparing IPO options

DHAHRAN Saudi Aramco is in the final stages of preparing options for its initial public offer of shares before presenting the options soon to its Supreme Council for consideration, chief executive Amin Nasser said on Tuesday. Aramco has a huge team working on ... More »

Tribune Publishing adopts poison pill to stop Gannett bid

Newspaper publisher Tribune Publishing Co (TPUB.N) said its board had adopted a shareholder rights plan – popularly known as a “poison pill” – in a bid to thwart Gannett Co Inc’s (GCI.N) unsolicited takeover offer. Tribune shares fell nearly 6 percent in morni... More »

Twenty-First Century interested in Paramount deal: source

Twenty-First Century Fox Inc (FOXA.O) is interested in acquiring a minority stake in Viacom Inc’s (VIAB.O) Paramount Pictures, a source close to the situation said on Wednesday. The company would be interested in exploring a deal that would create synergies fo... More »

Viacom weighs selling minority stake in Paramount film unit

Viacom Inc (VIAB.O) is considering selling a “significant” minority stake in its Paramount Pictures movie studio, Chief Executive Philippe Dauman said on Tuesday In the face of weak advertising sales and poor ratings at its cable networks, investors have been ... More »

News Corp denies rumors of Twitter bid

Rupert Murdoch’s News Corp said rumors about the company’s interest in buying microblogging site Twitter Inc or building a stake in it were untrue. Twitter’s shares, which rose as much as 14 percent on Wednesday, pared some gains and closed up 4.1 percent at $... More »

Icahn says he does not have any position in Time Warner

Billionaire activist investor Carl Icahn said on Tuesday he did own any stake in media company Time Warner Inc. “I have no position in Time Warner. No options, no forwards, no stock,” Icahn said when reached by phone. Reuters and the New York Post reported on ... More »

Renesas CEO says acquisition by Infineon unlikely

TOKYO Japanese chipmaker Renesas Electronics Corp’s (6723.T) CEO said an acquisition by Germany’s Infineon Technologies (IFXGn.DE) was unlikely as he believed its top shareholder, a government-backed fund, would not sell a majority stake to a foreign buyer. Th... More »

Yahoo board in final talks on future of company

SAN FRANCISCO Yahoo Inc’s board of directors on Friday is in the third and final day of meetings that could decide the future of one of Silicon Valley’s most prominent but troubled companies. One option on the table for the nine board members is whether to sel... More »

Vivendi raises stakes in French video games companies

PARIS Vivendi raised its stakes in French video games makers Ubisoft and Gameloft and indicated that it may buy additional shares later and seek board seats. Vivendi sold off its video games business Activision Blizzard in 2013 in the opening salvo of an asset... More »

Twenty-First Century Fox nominates ValueAct CEO to board

Twenty-First Century Fox Inc said it agreed to nominate ValueAct Capital Chief Executive Jeffrey Ubben for election to its board as long as the hedge fund maintains a stake of at least 5 percent in the film and TV company. ValueAct, which owns about 5.9 percen... More »

Investors still in the dark as cyber threat grows

LONDON/BOSTON Investors are being poorly served by a haphazard approach from fund managers to the growing threat of cyber crime damaging the companies in which they invest, with a lack of clarity from the businesses themselves compounding the problem. Banks ha... More »

U.S. SNI bought nearly all remaining shares in Polish TVN

WARSAW U.S. media group Scripps Networks Interactive (SNI.N) bought nearly all remaining shares in Polish broadcaster TVN TVN.WA, planning to delist the company from the Warsaw bourse GPW.WA, a brokerage running the deal said on Thursday. SNI, which already ow... More »

Canadian banks brace for impact from oil price selloff

TORONTO/OTTAWA Canadian banks are expected to begin feeling the impact of an extended downturn in the energy sector as they exercise caution with new and existing loans to companies and individuals. Investors will this week be poring over the balance sheets an... More »