Sentence examples for half stake from inspiring English sources
Each company will have a half stake in the venture, said Theresa Miller, a Prudential spokeswoman.
Westfield currently owns a half stake in Westfield London, with the other half being owned by the property arm of the German financier Commerzbank.
Reed International, owner of roughly a half stake, will issue up to 98.9 million new shares, while Elsevier of the Netherlands will offer 57.6 million.
Last year it bought another five small American companies, even as it sells European assets, such as its half stake in Saab Aircraft and a joint-venture with Finmeccanica.
CHELSEA PROPERTY GROUP, Roseland, N.J., an owner of factory outlet centers, said it had bought the half stake it did not already own in an outlet in Orlando, Fla., from Simon Property Group, Indianapolis, for $76.3 million.
Australian transport group Toll Holdings said there was strong interest in a half stake in a rail business it must sell as part of a A$6 billion ($4 billion) takeover of port operator Patrick.
The price means the value of the half-stake has declined since 2009, when One Equity paid $122 million for a 49 percent share.
In the 1997 deal, Crescent Real Estate paid $400 million to acquire a half-stake in Charter Behavioral and buy its buildings.
As part of the deal, Fleming sold its half-stake in a joint venture with T. Rowe Price Associates for $780 million to Price, the Baltimore-based mutual fund company and money manager.
Because federal tax laws bar real estate investment trusts, or REIT's, from operating companies, Mr. Rainwater and his associates formed a publicly traded company, Crescent Operating Inc., to hold the half-stake.
Conseco bought the tower in 1998 for about $878 million in partnership with Donald J. Trump, who put up only $11 million for his half-stake in the property.
