• Porsche IPO to fund Volkswagen electric shift
    • 20/09/2022
    • Posted by: Alan Feldberg
    • Category: News
    Porsche is expected to be valued at around €75bn when it floats on the Frankfurt stock exchange on 29 September. Parent company Volkswagen will offer 12.5% of Porsche, or 911 million shares, with shares valued at between €76.50 and €82.50. It hopes to raise up to €9.4bn from the offering, 49% of which [...]
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  • Berkshire takes stake in Axalta
    • 07/04/2015
    • Posted by: Alan Feldberg
    • Category: News
    Berkshire Hathaway has brought an 8.7 per cent stake in Axalta from controlling shareholder Carlyle Group for $560 million. Warren Buffett's Berkshire is buying 20 million shares at $28 per share, a slight discount to the stock's Monday closing. Berkshire Hathaway is a multinational conglomerate holding company [...]
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  • Terry ups Daniel Stewart stake
    • 01/04/2015
    • Posted by: Alan Feldberg
    • Category: News
    Quindell founder Rob Terry has acquired a 7.4% stake in Daniel Stewart, sending the brokers' shares soaring. Shares in Daniel Stewart soared 750% to close at 1.7p, following the purchase of 31.25m shares by former executive chairman of Quindell, Rob Terry. The acquisition takes his number of shares to 52m, taking [...]
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  • MPs question Quindell’s share dive
    • 16/03/2015
    • Posted by: Alan Feldberg
    • Category: News
    The Independent has reported that the FCA is facing mounting pressure to reveal details of its investigation into a ‘deeply worrying’ allegation of market abuse by Quindell, that left hundreds of retail investors with huge losses. Vince Cable, the business secretary, and Andrew Tyrie, chairman of the Treasury [...]
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  • Quindell purchases final Navseeker shares
    • 13/03/2015
    • Posted by: Alan Feldberg
    • Category: News
    Quindell has today acquired the remaining 8.33% of Navseeker, through the purchase of 832,000 ordinary shares. On 5 March 2015, Quindell announced the settlement of litigation and the associated acquisition of 11.67% of Navseeker not already held by the company. As part of the process to achieve full ownership of [...]
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