Entries tagged "stake sale"
The London Daily Telegraph reported that Hershey Co. is working on selling a 25% stake in itself to Nestle SA, with an option for Nestle to buy the remaining stake within the next two years. ...
As SunTrust Banks Inc.'s earnings fizzle like flat soda, the Atlanta-based bank is breaking a longtime association with the city's leading corporate institution, Coca-Cola Co. The bank's 20% decrease in earnings has forced it to sell its stake in the beverage giant after a 90-year association. ...
Now, who better to buy Merrill Lynch & Co.'s stake in Bloomberg LP than Bloomberg himself. Mayor Bloomberg is willing to pay between $4.5 billion and $5 billion to buy Merrill Lynch's 20% stake in Bloomberg LP, according to the New York Post. - Maria Woehr...
Corsair Capital LLC and TPG-Axon Capital Management LP hired RBS Greenwich Capital in the National City Corp.'s 9.7% stake sale valued at $7 billion. Cosair used Lee Meyerson, Sean Rodgers, Ellen Patterson Simpson Thacher & Bartlett LLP for legal counsel, and TPG-Axon turned to Michael Ryan, Benet O'Reilly, Esther Farkas, Kenneth Bachman and Derek Bush of Cleary Gottlieb Steen & Hamilton LLP.The target's investment bankers Kendrick Wilson III, Ken Coquillette and Scott Romanoff of Goldman, Sachs & Co. National City also used H. Rodgin Cohen, Donald Toumey, Mark Welshimer, Ronald Creamer of Sullivan & Cromwell LLP and Lyle Ganske, Christopher...
