Fund buys Volvo stake, seeks board seat
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A Swedish private equity fund said Wednesday that it has 5 percent of the voting rights in Swedish truck maker Volvo AB and will seek membership on the company's board to force a restructuring.
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Volkswagen AG, Europe's biggest automaker, said Wednesday it has taken a 15 percent stake in truckmaker MAN AG and will use it to support cooperation between MAN and the Swedish truckmaker Scania AB.
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Spanish bank Banco Santander Central   Hispano SAN.MC will pay $651 million to buy a 90 percent   stake in U.S. auto financing company Drive Financial Services,   it said on Monday.
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U.S. investment fund Steel Partners II  on Thursday offered to buy 90 percent of Gencorp Inc. GY.N it  does not already own for about $700 million, driving shares to  highs not seen in more than five years.
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SAC Capital Advisors, a $10 billion hedge fund, has raised its stake in the Phelps Dodge Corporation to 5.1 percent and said yesterday that it would oppose a proposed takeover of the company by Freeport-McMoRan Copper and Gold.
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Which funds are buying Wall Street's most wanted?
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Siemens bought a 16 percent stake from a private investor in November and launched a bid of 55 euros ($72.05) a share for the remaining shares.
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Flush with cash after selling Chrysler, DaimlerChrysler  will spend up to 7.5 billion euros ($10.20 billion) to buy back nearly 10 percent of its shares over the next year, the carmaker said on Wednesday.
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Loss-making Ford Motor Co.  is planning to sell Swedish car maker Volvo  and German carmaker BMW  could be a possible buyer, a Swedish newspaper said on Monday.
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Germany's MAN AG is planning a more   attractive bid to win over resistant shareholders of Swedish   truckmaker Scania SCVb.ST, the Wall Street Journal on Friday   quoted MAN Chief Executive Hakan Samuelsson as saying.
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Firm demand in its main markets  lifted world number two truck maker Volvo's fourth-quarter  earnings above expectations on Thursday, allowing it to sharply  raise its payout to stockholders.
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A group of investors led by Boston Red Sox owner John Henry has completed a deal to buy a 50 percent stake in the Roush Racing NASCAR team, a person familiar with the negotiations said Friday.
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Germany's MAN AG is preparing a more  attractive offer for Sweden's Scania (SCVb.ST), the Wall Street  Journal on Friday quoted MAN  Chief Executive Hakan  Samuelsson as saying.
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Volkswagen  bought a 15.06 percent stake in German truckmaker MAN AG , it said on Wednesday, underscoring its intentions to build a three-way truck alliance between VW, MAN and Swedish rival Scania  .
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The coalition of hedge funds that wants to place directors on The New York Times Companyâs board has increased its stake in the company to at least 10 percent of the regular shares, records show.
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A group of investors led by Boston Red Sox owner John Henry is negotiating to buy a significant stake in Roush Racing, and it wouldn't come as a surprise in the garage area if other outside investors begin taking a serious look at NASCAR teams.
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BFI Canada Income Fund, which owns a Canadian trash hauler, agreed to buy closely held IESI Corp. of Texas for C$1.1 billion ($930.3 million) in equity and debt to expand in the US South and Northeast.