Exits

66-year old investor exits entire holding in Twitter as shares drop by $5.91

Reuben Kressel, a 66-year old investor, completely sold his entire holding in Twitter Inc. after its shares dropped as much as $5.91 or 8% on Friday's market close. Kressel owns 500 shares in the micro-blogging site.

Read Full Article

New York hedge fund that owns a whole town needs smooth exit- report

Marathon Asset Management, the New York-based hedge fund that owns the town of Scotia in California needs to make a slick exit, The Wall Street Journal reported.

Read Full Article

Indian Bitcoin exchanges to halt operations after banking regulator issues warning

Indian Bitcoin exchanges are expected to be shuttering their services down after initially-quiet Reserve Bank of India (RBI) released a statement regarding the risks of using the cryptocurrency.

Read Full Article

Malaysia's Iskandar Waterfront sells Danga Bay land to Hao Yuan Investment for record MYR1.6B

Iskandar Waterfront Holdings has put up for sale 15 hectares of seafront land in Danga Bay. The parcels of land will be sold to Singaporean firm Hao Yuan Investment for MYR1.6 billion.

Read Full Article

Axis-REIT sells Axis Plaza to Collective Developers for MYR34M

Axis Real Estate Investment Trust, through its trustee RHB Trustees Bhd, has entered into a sales and purchase agreement to divest its Axis Plaza. The five-storey building will be sold to Collective Developers Sdn Bhd for MYR34 million.

Read Full Article

Indonesian telecom firm Indosat to exit minority stake in Tower Bersama

Indonesia-based mobile network operator PT Indosat aims to offload its minority stake in telecommunications tower firm PT Tower Bersama Infrastructure (TBIG) early next year, according to the company's finance director.

Read Full Article

Bega in talks with non-Australian investors to sell stake in Warrnambool -source

Bega Cheese Ltd., the largest shareholder in Warrnambool Cheese and Butter Co. Holdings, is reportedly negotiating with other firms including non-Australian investors on a possible sale of its 18.7% stake in Australia's oldest dairy firm.

Read Full Article

Brazil mining giant Vale to auction Log-In Logistica stake, Fosbrasil capital

Brazil-based iron ore mining giant Vale said it will sell its stake in Brazilian logistics firm Log-in Logistica International and auction its capital in phosphoric acid firm Fosbrasil.

Read Full Article

Aptalis files $500M common stock IPO

A filing with the US Securities and Exchange Commission revealed that Aptalis Holdings Inc has plans to conduct a share sale on the Nasdaq Stock Market and raise up to $500 million in the process.

Read Full Article

Impending state fire sale may sour Slovenian beer market- report

The Slovenian beer market may turn sour as the government plans a state fire sale of its assets in a bid to steady its finances and avoid a bailout, Reuters reported.

Read Full Article

Woodside stake to be divested in pieces - bankers

Bankers expressed their doubts that Royal Dutch Shell's 23.1% stake in Woodside Petroleum could be snatched up by bigger oil companies as the latter are also eyeing to sell assets as well.

Read Full Article

Co-founder Lazaridis cuts stake in BlackBerry

Mike Lazaridis, co-founder of Canadian smartphone maker BlackBerry, has sold 3.5 million shares in the troubled company for $26 million, according to documents filed with US regulators.

Read Full Article

Unipol receives offer for $2 bln insurance business up for sale

Italian insurer Unipol said it had received an offer to buy the insurance business with 1.7 billion euros ($2.3 billion) worth of premiums which it must sell to meet conditions set by the local competition watchdog to clear its merger with peer Fondiaria-SAI.

Read Full Article

Fidelity National to sell some assets to address antitrust issues

Title insurer Fidelity National Financial will sell a number of its databases to meet U.S. charges its proposed $2.9 billion acquisition of Lender Processing Services Inc hurt competition, the Federal Trade Commission said on Tuesday.

Read Full Article

Brazilian miner Vale agrees to divest VLI stake to Brookfield for $842M

Brazil-based iron ore miner Vale agreed to sell a stake in logistics company VLI SA to Canadian firm Brookfield Asset Management in a deal valued at BRL2 billion ($842.78 million).

Read Full Article

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics