DealBook : British Billionaire Takes Bear Stearns Stake
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Joseph C. Lewis, the British billionaire who was once the largest shareholder in Christieâs, has built up a big stake in another well-known company: Bear Stearns.
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Bear Stearns Cos. Inc.  on Friday said it would provide up to $3.2 billion in financing for a struggling hedge fund it manages, and said a second fund that took greater risk is still working out a restructuring plan with creditors.
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LONDON, September 9 (New Ratings) - Santander Central Hispano (BSD2.FSE) has indicated that it is selling a 2.51% stake in Royal Bank of Scotland Group Plc, in an attempt to seek regulatory approval to acquire UKâs Abbey National Plc.
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Citic Securities, a top state-controlled investment bank in China, is planning to invest $1 billion in Bear Stearns and form a joint venture with the firm in Asia.
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Pearson Plc, owner of the Financial Times, agreed to sell its 79 percent stake in Spanish publisher Recoletos Grupo de Comunicacion SA as part of a management buyout that values the company at 941 million euros ($1.2 billion).
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Standard Chartered has won a bid for a controlling stake in Indonesia&#39;s seventh-largest bank for about $278 million (155 million pounds), the British bank&#39;s third attempt to buy an Indonesian financial institution, a source says.
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LONDON/MADRID  - Spanish bank Santander claimed  victory for its 8.7 billion pound ($15.6 billion) agreed  takeover of Britain's Abbey National after its most likely  rival, UK bank HBOS, pulled out of the race.
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The billionaire Joseph C. Lewis has taken a 7 percent stake in Bear Stearns, acquiring $860.4 million worth of the investment bankâs sagging stock.
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Media & professional: Rupert Murdoch has succeeded with his Â£2.5bn bid for Dow Jones, the Business magazine reports on its website.
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The bid by the Royal Bank of Scotland Group and two other European banks topped an offer by Barclays.
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J Sainsbury Plc , Britain's third-biggest supermarket operator, said on Friday it had sold a 5 percent stake in Sainsbury's Bank for 21 million pounds ($41 million) to British banking group HBOS Plc  as potential bidders continue to circle the retailer.
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Reclusive billionaire Joseph C. Lewis, who made his fortune trading currencies, has taken a 7 percent stake in Bear Stearns Cos Inc , snapping up the investment bank's sagging stock to become one of its largest shareholders in less than a month.
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LONDON, December 20  - The London Stock Exchange (LSE-GBX) announced today that it has received a purchase offer from the Franco-Belgian stock exchange, Euronext.
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Abbey National today looked set for Spanish ownership after banking group HBOS declared it was no longer considering a rival bid. Here are the key dates in the long-running saga over the troubled bankâs future.
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British billionaire Joseph Lewis has taken a 7 percent stake in Bear Stearns Cos Inc , snapping up about $860 million worth of the investment bank's stock.
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Deutsche Boerse AG, Europe&#39;s largest stock exchange by market value, made a 1.35 billion-pound ($2.6 billion) takeover offer for London Stock Exchange Plc, its second attempt in five years to buy the UK company.
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Business & money: UK-based bank confirms Â£9bn from the governments of China and Singapore will help it finance an improved takeover offer for Dutch rival ABN Amro.