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Tag: sale

Ex-Gartmore owner H&F invited into OMGI sale

Ex-Gartmore owner H&F invited into OMGI sale

Business
A former investor in Gartmore, the asset manager, has been approached about backing a buyout of Old Mutual's £25bn fund management arm.Sky News has learnt that Hellman & Friedman, a US-based private equity firm, is among a number of parties being sounded out by Old Mutual as it tries to drum up a bumper auction of the business.A potential deal would see Richard Buxton, the star fund manager who runs Old Mutual Global Investors (OMGI), leading a buyout of the division's single-strategy operations.Any such transaction could value the unit at somewhere in the region of £550m, bankers said on Monday.If completed, it would rank among the most significant takeovers in the UK asset management industry, which is grappling with increasingly onerous regulation.Sky News revealed earlier this mont
New York Yankees pound Chris Sale, take series from Boston Red Sox

New York Yankees pound Chris Sale, take series from Boston Red Sox

Sports
NEW YORK -- Facing one of the more powerful arms in the majors, the New York Yankees worked the pitch count up, brought some power of their own and made some progress in their pursuit of the American League East title.Chase Headley went deep of Sale in the third inning, Matt Holliday and Todd Frazier hit back-to-back homers in the fourth, and the Yankees chased the Boston Red Sox ace early and coasted to a 9-2 victory Sunday night. New York's Aaron Judge hit his first homer in more than two weeks in the sixth inning against Boston's Addison Reed. The Yankees won three of the four games in the series against the Red Sox, cutting their deficit to 3 1/2 games. New York finished the 19-game season series against Boston with 11 wins. Four of those New York victories occurred in starts made by S...
Asda reports first rise in sale in three years

Asda reports first rise in sale in three years

Business
Asda has reported its first increase in quarterly sales for three years, boosted by a bumper Easter.Britain's third biggest supermarket, owned by US retail giant Walmart, said like-for-like sales rose by 1.8%, excluding petrol, in the three months to 30 June.This compares with a 2.8% fall in the first quarter of this year, which was an eleventh straight decline.It is a big turnaround when compared to this time last year, when the supermarket chain suffered its worst ever quarterly result with sales plummeting by 7.5%.Walmart president and CEO Doug McMillon said he was "encouraged" by the results."I visited Asda to see the progress being made," he said. "Customers are responding to investments in price and store experience by visiting the stores more often and increasing their basket sizes....
State Department approves sale of A-29 Super Tucanos to Nigeria

State Department approves sale of A-29 Super Tucanos to Nigeria

Business
Aug. 3 (UPI) -- The State Department has approved a $ 593 million sale to Nigeria of A-29 Super Tucano attack planes with associated parts, training, facilities and weapons.The Defense Security Cooperation Agency delivered their certification of the foreign military sale to Congress, as required by law, on August 2.The twelve A-29s will be used by Nigeria to combat the Islamist militia Boko Haram and other extremist groups, such as the Islamic State West Africa splinter group. It will also serve to counter smuggling and other trafficking in Nigeria and the Gulf of Guinea.The DSCA has determined that U.S. security interests are served by assisting Nigeria in its counter-insurgency operations and that the A-29 sale will not significantly alter the military balance of power in the region.The ...
Butterkist goes German with sale to KP Snacks

Butterkist goes German with sale to KP Snacks

Business
The Butterkist popcorn brand, whose adverts are familiar to generations of cinema-goers, will this week be added to the same stable of snack brands as Hula Hoops and McCoy's.Sky News has learnt that Butterkist is being sold by privately owned Tangerine Confectionery to KP Snacks, Britain's second-biggest owner of bagged snacks.Image:The Butterkist brand is familiar to generations of cinema-goersKP, which is part of the German food producer Intersnack Group, is expected to announce the deal on Monday.The value of the transaction is unlikely to be disclosed but is expected to be in the tens of millions of pounds.Insiders said that KP, which saw off rival interest from other multinational food companies, had been keen to buy Butterkist to gain exposure to the fast-growing popcorn category.As ...