Word: stakes
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Dates: during 2000-2009
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...Pune-based telecom-solutions provider, won the auction on Monday, agreeing to buy 31% of Satyam for $352 million, a 23% premium to Satyam's last closing price on Thursday. Tech Mahindra plans to make a public offer to acquire 20% more of Satyam shares to gain a majority stake, as required by Indian law, taking the cost of the deal to $580 billion. (Read TIME's 2006 cover story about telecommunications in India...
...Bears and Bulldogs next weekend, to take the title.HARVARD 4, PENN 3The Crimson defeated the Quakers for the first time since 2006, when Harvard was ranked No. 15 and Penn was No. 41. This time, although both teams were unranked, there were still critical Ancient Eight records at stake, as the Crimson kept its hopes alive for an Ivy crown with a victory.A day after Princeton snapped Harvard’s four-match win streak, its longest since winning eight straight in April 2006, the Crimson extended its doubles point win streak to six.Captain Laura Peterzan and freshman Camille Jania...
...rules of the game currently in play. If the rules reward treating disease complications but discourage management and prevention, IT will help health-care businesses churn out more complications per hour. The fundamental flaw in our current system is that despite decades of debate, no one has an adequate stake in preventing those costly complications in the first place. Steve Brown, WOODSIDE, CALIF...
...years ago, the Chinese called it their Going Out strategy. State-owned companies in key industries were encouraged by the government to plant the flag of Chinese capitalism around the world by purchasing stakes in foreign companies. China was flush with cash and full of optimism--naive optimism, it turned out. Beijing's fledgling sovereign wealth fund China Investment Corp. poured $3 billion into New York City--based private-equity firm Blackstone in return for a 10% stake in the company--just before the bottom fell out of U.S. debt and equity markets. That deal was followed...
...Chinalco) has announced plans to invest $19.5 billion in Rio Tinto, one of the world's largest mining companies. If completed, the deal would be the biggest foreign purchase any Chinese company has ever made. In late February, Hunan Valin Iron & Steel Group of China purchased a $771 million stake in the Australian iron-ore exporter Fortescue Metals Group. And China Minmetals, another state-owned firm, offered to pay $1.2 billion in cash for Australia-based Oz Minerals, the world's second largest zinc miner. "These [Chinese] companies know this slump, while deep, will not last forever," says Xu Minle...