Australia&#39;s Seven Chmn Stokes: No Plans To Sell 43% Stake
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MELBOURNE (Dow Jones)--Seven Network Ltd. (SEV.AU) chairman and biggest shareholder Kerry Stokes said Friday he has no intentions of selling his 43% stake in the Australian television broadcaster.
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Media & professional: Rupert Murdoch will not raise his $5bn (Â£2.5bn) bid for the Wall Street Journal's owner, Dow Jones.
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Fonterra Cooperative Group Ltd says it does not want to limit its options on the price it has offered for Australia&#39;s National Foods Ltd.
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Federal-Mogul Corp., the bankrupt US engineering company, may sell its UK-based Turner &amp; Newall Plc after the UK division&#39;s independent pension trustee rejected a $130 million cash offer
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A large shareholder of Ceridian Corp.   said it does not support the sale of the company to a  consortium of buyers as the price offered was low.
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Origin Energy Ltd., Australia&#39;s second-largest energy retailer, probably won&#39;t increase its stake in Contact Energy Ltd. much above the 51 percent it has already agreed to buy after
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SINGAPORE : In a further twist to Temasek&#39;s takeover offer for Neptune Orient Lines, NOL&#39;s directors have rejected a call by substantial shareholder, Paulson &amp; Co, to seek
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Canada's Bank of Nova Scotia   BNS.TO confirmed on Friday it was looking out for   acquisitions in Malaysia but denied a report that it planned to   buy an indirect stake in the country's fourth-biggest lender.
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The company has been rebuffed in Australia as it tries to grow.
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National Australia Bank is looking at selling its scandal-hit Irish operations after receiving several offers for the businesses, just a day after the bank's chief executive said such a move was unlikely.
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A US-based private equity firm buys a 50% stake in Seven Network - one of Australia's largest media companies.
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A SLUMPING advertising share saw a surly Kerry Stokes yesterday issue a major earnings downgrade for the Seven Network. Mr Stokes said advertisers had deserted his struggling television station during November.
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OTTAWA (CP) - Finance Minister Ralph Goodale refused to comment Thursday on rumours that the federal government is on the verge of a multibillion-dollar sale of its stake in Petro-Canada.
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Brian Lara and other West Indies cricket stars are unlikely to travel to Australia for a one-day international series as a result of a controversy surrounding rival sponsors.
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Australian Retail Investments has sold its A$115 million stake in clothing and footwear retailer Colorado Group Ltd. Colorado Group&#39;s managing director Rowan Webb said the sale was unlikely to affect the companyâs earnings.
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Coles Myer, the Australian retailer, rejected a $13 billion offer from buyout firms led by Kohlberg Kravis Roberts & Company as too low. The offer, 14.50 Australian dollars ($11.16) a share, Âsubstantially undervaluedÂ the company, said Coles MyerÂs chairman, Richard H. Allert. The bidding group, which includes Bain Capital and the Blackstone Group, wanted management backing for the offer, Mr. Allert said. Coles Myer, which is based in Melbourne, has about 35 percent of AustraliaÂs grocery market, and Woolworths, based in Sydney, has about 40 percent.
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MANCHESTER, England -- The Glazer family will not sell Manchester United, despite reports of potential billion-dollar takeover bids from China and United Arab Emirates.