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He is also building a position in Viacom, the media conglomerate that owns CBS and MTV.
The move, two years in the making, is intended to plug gaps in disclosure rules for stock options, including swaps held by investors building a position in companies.
LVMH started building a position in Hermès stock using financial instruments that can be paid out either in cash or in the underlying shares, the report said.
Mr. Perelman, who has an estimated net worth of about $12 billion, has been building a position in Scientific Games, a New York-based provider of lottery and gaming services, since 2003.
By contrast Patrick Drahi (pictured above), the Franco-Israeli Swiss-resident founder of Altice, the holding company that controls Numericable, was an outsider, who had been building a position in the French market for years but remained little known.
It has been building a position in smartphones for years, but Gartner analyst Carolina Milanesi says the turning point for HTC was the launch of Google's Android mobile operating system in 2007.
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The former methods typically involve building a position-weight matrix (PWM) from sequence data, and local search techniques such as expectation maximization or Gibbs sampling are used to optimize the log likelihood ratio until convergence or a maximum number of iterations is reached.
Between mid-January and the beginning of February, Viking plowed roughly $1 billion into these stocks, building a 7.5% position in Cabot, a 9.2% position in Southwestern Energy and a 6.5% position in Encana.
PepsiCo's real sales winner may be salty snacks where Reilly said Frito-Lay is building a global position that could someday resemble Coke's position in carbonated soft drinks as the "undisputed world leader" facing tough competition in each market, but having "no true global peer".
In the United States, they have a dominant position, and they're in the early stages of building a similar position in Europe.
Google appears to be building a dominant position in the race to serve advertisements online.
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