British billionaire buys 7 percent Bear Stearns stake
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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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Bear Stearns Cos. , the biggest broker for US hedge funds, has offered to provide $1.5 billion in loans to help rescue a money-losing fund run by its asset management unit, according to a person familiar with the situation.
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Funds run by the currency trader buy a 7% stake in the brokerage.
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Swiss banking group UBS, the world's largest wealth manager, said on Monday it had strengthened its position in the United States by buying local rival Julius Baer's U.S. wealth-management business.
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Scottish & Newcastle, Britainâs largest brewer, agreed to a Â£7.8 billion ($15.4 billion) takeover by the European rivals Carlsberg and Heineken.
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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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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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Billionaire gives beleaguered European reinsurer and peers a vote of confidence with 3% investment.
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British brewer Scottish & Newcastle said Friday it had accepted a 7.8 billion pound (10.5 billion euro, 15.5 billion dollar) takeover bid by Carlsberg of Denmark and Heineken of the Netherlands.
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Billionaire UK investor Joseph Lewis spends $860m buying a 7% stake in struggling US bank Bear Stearns.
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Saudi Arabian investors bought a large stake in UBS  along with the Singapore government, the Financial Times reported, amid rising shareholder discontent over the Swiss bank's losses.
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Morgan Stanley's  real estate unit agreed to buy Australia's Investa Properties Ltd.  for A$4.7 billion ($3.9 billion) on Thursday, the nation's third-largest property trust takeover.
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US sports tycoon Malcolm Glazer bought more shares in Manchester United on Monday, lifting his stake to 27.63 percent and heightening speculation that he will bid for the club, sources said.
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Vodafone buys a controlling stake in Indian mobile phone firm Hutchison Essar for $11bn (Â£5.6bn).
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Warren Buffettâs Berkshire Hathaway snapped up a 60 percent stake in Marmon Holdings, the Pritzker familyâs sprawling industrial conglomerate.
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Investment funds controlled by British billionaire Joseph Lewis have amassed a seven percent stake in Wall Street investment bank and brokerage Bear Stearns, a US securities filing showed Monday.
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A US-based private equity firm buys a 50% stake in Seven Network - one of Australia's largest media companies.