Category: stake
-
Expert Says Warren Buffett’s Top Executive Ajit Jain Sold Berkshire Hathaway Stake Because ‘The Stock Was Fully Pricing The Business’
•
Warren Buffett’s CEO Ajit Jain sold his stake in Berkshire Hathaway because “the stock was setting the price of the entire business,” one expert says. Berkshire Hathaway Ltd. (NYSE: BRK) (NYSE: BRK) The executives have recently made big sales. of the company’s shares, raising questions about its market valuation. The…
-
Alcoa to sell its 25.1% stake in Ma’aden JV for $1.1B (NYSE:AA)
•
JHVEPHOTO/Istock is an editorial via Getty Images Alcoa (New York:AASaudi Electricity Company said on Sunday that it has entered into a binding agreement to purchase shares and subscribe with Saudi Arabian Mining Company (“Maaden”). Under the agreement, Saudi Aramco will sell its entire 25.1% stake in the Maaden joint venture…
-
Melisron buys Aviv Development stake for NIS 625m
•
This is the third real estate exit for Doron Aviv and his sister Dafna Harlev after selling Osif to Arkady Gaydamak in 2007, and 50% of Aviv Development to Melisron in 2022 for NIS 845 million. Leora Ofer’s Melisron (TASE: MLSR) has acquired the entire stake in Aviv Development, owned…
-
Japan’s Mitsubishi to buy stake, offtake ammonia from ExxonMobil in Texas By Reuters
•
TOKYO (Reuters) – Japan’s Mitsubishi Trading Co said on Friday it had reached a preliminary agreement to buy a stake in Exxon Mobil Corp’s hydrogen facility in Texas and source low-carbon ammonia from it. As part of its decarbonization drive, Japan aims to increase the use of hydrogen and its…
-
Fox could shake up the sports betting sector with the activation of its FanDuel stake
•
Wild Pixel A new player could be joining the sports betting industry in the near future, and that is Fox Corporation.NASDAQ: FOX) Chief Executive Lachlan Murdoch said the media giant is moving forward with plans to exercise its option to retain an 18.6% stake in sports betting. FanDuel Leader. In…
-
UniCredit buys Commerzbank stake from German government (Pink Current Info:CRZBF)
•
ollo/iStock Not published via Getty Images Italy’s UniCredit (OTCPK:UNCFF) (OTCPK:UNCRY) has bought a 9% stake in Germany’s Commerzbank (OTCPK:CRZBF) (OTCPK:CRZBY), a move that has sparked speculation about a potential merger in the banking sector. the acquisition Includes 4.49% purchased from the German government and the remaining shares acquired. The market.…
-
Mobileye hits record low as Intel mulls selling stake
•
Advanced Driver Assistance Systems (ADAS) Mobily International Company Intel Corp. (NASDAQ: MBLY) shares fell sharply on Friday to a record low after reports that Intel is considering options to sell part of its 88% stake in the Israeli company to ease liquidity problems. The stock fell 8.5% to $11.55, giving…
-
FIMI sells TAT Technologies stake for NIS 129m
•
Israeli private investment company FIMI Investment Opportunities FundsApple, led by founder and CEO Ishai Davidi, has benefited from the upward momentum in the company’s stock price. Tat Technologies (TASE: TATT; Nasdaq: TATT) to sell a 25% stake for NIS 129 million. TAT shares have doubled in value over the past…
-
FIMI sells TAT Technologies stake for NIS 129m
•
Israeli private investment company FIMI Investment Opportunities FundsApple, led by founder and CEO Ishai Davidi, has benefited from the upward momentum in the company’s stock price. Tat Technologies (TASE: TATT; Nasdaq: TATT) to sell a 25% stake for NIS 129 million. TAT shares have doubled in value over the past…
-
FIMI sells TAT Technologies stake for NIS 129m
•
Israeli private investment company FIMI Investment Opportunities FundsApple, led by founder and CEO Ishai Davidi, has benefited from the upward momentum in the company’s stock price. Tat Technologies (TASE: TATT; Nasdaq: TATT) to sell a 25% stake for NIS 129 million. TAT shares have doubled in value over the past…
-
FIMI sells TAT Technologies stake for NIS 129m
•
Israeli private investment company FIMI Investment Opportunities FundsApple, led by founder and CEO Ishai Davidi, has benefited from the upward momentum in the company’s stock price. Tat Technologies (TASE: TATT; Nasdaq: TATT) to sell a 25% stake for NIS 129 million. TAT shares have doubled in value over the past…
-
Ulta Beauty reports disappointing earnings after Warren Buffett’s Berkshire Hathaway takes stake
•
Ulta Beauty’s (ULTA) glow-up period may have come to an end. The cosmetics retailer reported second-quarter results Thursday after the market closed that missed expectations across the board. Revenue came in at $2.55 billion, compared with an expected $2.62 billion. Earnings per share of $5.30 also fell short of the…
-
Woodside profit, dividend beat estimates, firm flags interest in Driftwood stake By Reuters
•
By Himanshi Akhand and Louis Jackson (Reuters) – Australia’s Woodside Energy reported a 14 percent drop in first-half profit on Tuesday due to lower oil prices, but the result and its dividend beat market expectations, sending its shares up 4 percent. Chief executive Meg O’Neill said there was significant interest…
-
Walmart Is Seeking Up to $3.74 Billion in Sale of JD.com Stake
•
(Bloomberg) — Walmart Inc. is seeking to raise as much as $3.74 billion by selling its stake in Chinese e-commerce company JD.com, ending an eight-year partnership in a retail powerhouse now struggling with an economic slowdown and intense competition. Most Read from Bloomberg The U.S. retailer is offering 144.5 million…
-
Portillo’s stock gains after report activist Engaged Capital has stake
•
Joe Hendrickson/iStock Editorial via Getty Images Portillo’s Hot Dog Restaurant ChainNASDAQ:PTLO) Up 3% After a report that activist firm Engaged Capital has raised a stake of around 10% and is pushing for changes. The activist is talking to management about improving operations, margins and brands as the Chicago-based chain operates.…
-
Michael Burry Raises Alibaba Stake, Cuts Stock Portfolio in Half
•
(Bloomberg) — Michael Burry, the hedge fund manager famous for his 2008 bet against the U.S. housing market and subsequent portrayal in the book and movie “The Big Short,” increased his stake in Alibaba Group Holding Ltd. while halving his overall stock portfolio in the second quarter. Most Read from…
-
Riot increases stake in Bitfarms with $2.2m share purchase
•
Riot continues its acquisition efforts, recently purchasing $2.2 million worth of shares in Bitfarms. Riot Platforms announced the purchase of 1 million common shares from rival Bitfarms, raising its stake in the Canadian bitcoin mining company to around 18.90%. press releaseRiot said the shares were acquired at a weighted average…
-
Riot increases stake in Bitfarms with $2.2m share purchase
•
Riot continues its acquisition efforts, recently purchasing $2.2 million worth of shares in Bitfarms. Riot Platforms announced the purchase of 1 million common shares from rival Bitfarms, raising its stake in the Canadian bitcoin mining company to around 18.90%. press releaseRiot said the shares were acquired at a weighted average…
-
Investor to buy Sh500m stake in Transmara’s Angata Sugar Mills
•
An investor is set to acquire a 40 percent stake in Angata Sugar, which is developing a milling plant at Moiwi in Trans Mara, Narok County, disclosures show. Sources familiar with the deal said Savannah Crest (KE) Limited will pay about Sh500 million for the stake in Angata Sugar, and…