BLOOMBERG NEWS Carlylele Said to Hire JPMorgan for Sale of Bank Stake | JPMorgan Chase is handling the Carlyle Group's sale of a roughly $330 million stake in Ta Chong Bank of Taiwan, Reuters reports, citing unidentified people.
Viacom still working on sale of a stake in Paramount Pictures.
Centerview has been busy of late, advising on deals like the $23 billion takeover of H. J. Heinz, the $16.7 billion sale of General Electric's remaining stake in NBC Universal and the sale of a 45 percent stake in Alliance Boots to Walgreen.
Credit Suisse First Boston estimated IBM's 1999 earnings at $7.80 a share on sales of $90 billion, up from $6.57 a share on sales of $81 billion in 1998.
Last year, Warner-Lambert wla earned $1.7 billion on sales of $12.9 billion, and Pfizer earned $3.4 billion on $16.2 billion in sales.
Soon Enron will announce the sale of a 10% stake in its retail energy unit for about $200 million.
ABB completed the $1.2 billion sale of its stake in ABB Alstom Power to Alstom of France earlier this year.
It has appointed Bank of America Merrill Lynch to advise on the sale of its 49% stake in National Air Traffic Systems.
After the Treasury Department completed the sale of its remaining stake in A.I.G., bringing the government's profit on the bailout to $22.7 billion, Mr. Benmosche appears to be over the moon about accomplishing that objective.
His deal advisory list includes AT&T's T-Mobile deal and Portugal Telecom's $15 billion sale of its stake in Vivo to Telefonica.
In 1999 the group made a big operating loss, but last year it managed a small net profit of $9m on sales of $1.1 billion.Santo Domingo and Sarmiento, for their part, have pulled out of telecoms, selling their stakes to BellSouth.
