Hints and tips:
...Within hours of the announcement Ricardo Salinas, a prominent Mexican billionaire with interests in banking and television, expressed interest....
...Salinas Pliego’s Banco Azteca — ninth largest by deposits — wasted no time in entering the fray on Tuesday saying he would look at the assets....
...Mondelez, which makes Oreos, pointed out the errors in his claims that its Chicago bakery was shutting, that it was instead building a plant in Salinas, Mexico, and that by implication there would be no...
...Salinas’ current bank, Azteca, caters to the low-income segment but he is planning shortly to launch a different bank aimed at the As and Bs of the social pyramid....
...In recent days, AT&T completed the purchase of Mexico’s third-largest wireless company Iusacell for $2.5bn from Grupo Salinas, and announced an agreement to buy Nextel Mexico from NII Holdings for $1.8 bn...
...The second-largest US telecoms network said on Friday it would purchase Iusacell from Grupo Salinas in an all-cash deal that values Mexico’s number-three mobile group at $2.5bn including net debt of $700m...
...Iusacell is now fully owned by Grupo Azteca boss Ricardo Salinas after Televisa, the Mexican television giant, sold out a month ago, though Salinas is now shopping around for a strategic partner....
...Meanwhile, Andrés Audiffred of Mexican brokerage Vé Por Más sees América Móvil being hit further in the second half by the impact of the Mexican reform – Mexico still makes up a third of the group’s income...
...As Elektra, which is controlled by Mexican billionaire Ricardo Salinas Pliego, noted: The acquisition will allow Grupo Elektra to move into slightly more upscale neighbourhoods . . ....
...Once bitter rivals, Salinas and Televisa chief Emilio Azcárraga have joined forces in a bid to thwart Slim’s domination of mobile telephony....
...“The DNA exchange is well under way,” Sherwood says, noting that ABC News called in Univision’s Emmy-winning chief anchors, Jorge Ramos and Maria Elena Salinas, to provide a Hispanic perspective in its election...
...What a week it has been for Grupo Elektra, the electrical-goods retailer and low-income bank controlled by Mexican billionaire Ricardo Salinas Pliego....
...Part of the Ricardo Salinas Pliego empire, which includes Azteca, Mexico’s second-largest broadcaster, Elektra and Banco Azteca also operate in several other countries in Latin America, including a large...
...Martin Salinas, ETP’s chief financial officer, told analysts on a call that the company wanted to diversify its revenues “so that we weren’t overly subjected to natural gas basis risk”....
...Jet Republic was launched at the end of 2008, and won the backing of investors including Mexico’s Grupo Salinas, led by Ricardo Salinas Pliego, and a consortium of clients from the European American Investment...
...However, Ricardo Salinas, the Mexican billionaire, indicated interest in Circuit City assets after he bought 28 per cent of its shares around the time of its bankruptcy filing....
...The two potential bidders were reported to be Ricardo Salinas, a Mexican billionaire who bought 28 per cent of the retailer as it entered bankruptcy, and Golden Gate Capital, a private equity fund....
...At the time, Mr Salinas said in a regulatory filing that the stake could lead to him seeking to acquiring Circuit City assets....
...But Luis Niño, president of Banco Azteca, the country’s leading low-income bank and a part of Mexico’s powerful Salinas Pliego group, insists that the 25 per cent rule is vital for ensuring fair competition...
...Shareholders also include a consortium of Euram Bank’s clients as well as Mexico’s Grupo Salinas, led by Ricardo Salinas Pliego, which has interests in the telecommunications, media and retail sectors....
...Investors refused much of the funding for the buy-out of casino operator Harrah’s Entertainment this year and they have demanded discounts on other deals, including loans for the $5.5bn takeover of ServiceMaster...
...Banks funding the $5.5bn takeover of ServiceMaster by Clayton Dubilier & Rice, the private equity group, on Wednesday sold at a discount part of the loans needed to finance the transaction....
...ServiceMaster, the lawn care and cleaning group, on Tuesday postponed a $1.15bn junk bond offering because of choppy market conditions....
...CD&R, working with Kohlberg Kravis Roberts, this week won the battle to buy Ahold’s US Foodservice unit in a deal worth close to $7bn, while the private equity group has recently agreed to buy ServiceMaster...
...The cash offer of $15.62 a share is a 16 per cent premium to the company’s closing share price on Friday. Shares in ServiceMaster surged 12.5 per cent to $15.15....
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