Category: stake
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Starboard Value buys $500M stake in Autodesk, urges operational changes
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Investing.com – Activist investor Starboard Value has taken a roughly $500 million stake in the design software maker Autodesk Corporation (NASDAQ:) is now calling for changes within the company, according to the Wall Street Journal. Starboard has reportedly held meetings with Autodesk executives in the past few weeks to express…
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Starboard Value buys $500M stake in Autodesk, urges operational changes
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Investing.com – Activist investor Starboard Value has taken a roughly $500 million stake in the design software maker Autodesk Corporation (NASDAQ:) is now calling for changes within the company, according to the Wall Street Journal. Starboard has reportedly held meetings with Autodesk executives in the past few weeks to express…
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Yitzhak Tshuva eyes Isracard stake
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After the Bank of Israel blocked non-banking credit finance company Nawi Brothers Group (TASE: NAWI) from purchasing Isracard (TASE: ISCD), Globes has learned Dilek Group Limited (level:Delicate) Controlling shareholder Yitzchak Tshuva is among those considering investing in the credit card company. Also interested in Isracard, which trades at a market…
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Riot Platforms Boosts Bitfarms Stake with Additional Share Acquisition
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Riot Platforms announced the purchase of an additional 1,432,063 shares of Bitfarms stock. The acquisition, which was completed on June 10 for approximately $2.7 per share, represents an investment of approximately $3.87 million. This latest move brings Riot’s total holdings to approximately 57.62 million shares, representing approximately 14% of Bitfarms.…
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Discount Bank in talks to buy out Shufersal’s PayBox stake
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A decade after its founding, and three years after supermarket chain Shufersal became a partner, payments app company PayBox, headed by Arik Frishman, could become wholly owned by Israel’s Discount Bank. The bank, which owns 50.1% of PayBox, is in advanced negotiations with Shufersal to purchase its 49.9% stake for…
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Futu Buys into Airstar Bank, Now Holds 44.1% Indirect Stake
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Futu Holdings Limited, an online brokerage and wealth management platform, has announced the completion of a HK$440 million investment in Gravitation Fintech HK Limited. Gravitation Fintech is the parent company of Airstar Bank, a virtual bank licensed in Hong Kong. Following this investment, Foto now has an indirect stake of…
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Stablecoin Giant USDT (Tether) Solidifies Foothold In Bitcoin Mining With 25% Stake In Bitdeer
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In an exciting development, the issuer of the stablecoin USDT, pregnancy, made a strategic investment by acquiring a significant 25% stake in prominent Bitcoin mining company, Bitdeer. The move, as confirmed by a recent SEC filing, places Tether as Bitdeer’s second-largest shareholder, after Victory Courage Ltd., a company linked to…
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Elliott rebuilds ‘substantial’ stake in SoftBank – report (Pink Limited Info:SFTBF)
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Elliott Management has rebuilt a major stake in SoftBank ( OTCPK:SFTBY ) ( OTCPK:SFTBF ) and is pushing the Japanese technology group, founded by Masayoshi Son, to launch a $15 billion stock buyback, Financial Times mentioned. Elliott, founded by Paul Singer, has a larger stake More than US$2 billion and…
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Wellborn Capital buys 45% stake in shipping co BHM
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Wellborn Capital, an investment firm owned by Tzvika Sobel and part of the Morris Kahn family, is investing about NIS 10 million in Israeli shipping company BHM for a 45% stake. The investment will be implemented through the allocation of new shares in order to inject capital to support the…
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Edeltech buys Turkish co’s Ashdod – Ramat Negev Energy stake
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Edeltech Group announced that it has signed an agreement to acquire Zorlu Energy’s entire stake in Ezotech Electric, the joint venture through which Edeltech and Zorlu own power plants through Ashdod Energy and Ramat Negev Energy. The joint venture has cogeneration production licenses and a total electricity production capacity of…
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Paytm shares surge, hit 5% upper circuit amid Adani stake speculation By Investing.com
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Investing.com — Shares of Paytm rose sharply during the market open on Wednesday, hitting an upper circuit amid speculation that Gautam Adani, chairman of the Adani Group, was looking to acquire a stake in the fintech company. One 97 communications Ltd (NS:), which owns and operates Paytm, jumped 5% to…
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China Evergrande liquidators in talks to sell stake in EV unit
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Wenjin Ling/E+ via Getty Images China Evergrande’s (OTCPK:EGRNF) liquidator is in talks with a third-party buyer to sell a stake in the troubled property developer’s electric vehicle unit. This news led to a rise in Hong Kong-listed China Evergrande New Energy Vehicle Group shares about 87%. if After the deal…
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Elliott builds $1 billion-plus stake in Johnson Controls, Bloomberg reports By Reuters
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(Reuters) – Activist investor Elliott Investment Management has built a position worth more than $1 billion Johnson Controls (NYSE:) International Plc, Bloomberg News reported on Sunday. The Bloomberg report also said that Elliott’s intentions behind the stake in the building solutions provider could not be immediately known. Elliott & Johnson…
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Berkshire Hathaway trims Apple stake by 13% By Investing.com
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Warren Buffett’s Berkshire Hathaway (NYSE:) has reduced its stake in Apple (NASDAQ:), its quarterly earnings report showed today. Berkshire’s investment in Apple is now worth $135.4 billion, reflecting ownership of approximately 790 million shares. This adjustment indicates a 13% decrease in the company’s stake in the technology giant. However, Apple…