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NEW YORK TIMES Spain Plans to Reduce Stake in EADS | REUTERS The Dell Deal Scorecard | Need help remembering who's offering what for Dell?
FINANCIAL TIMES Treasury to Reduce Stake in A.I.G. | The Treasury Department said it planned to raise $5 billion from a sale of shares of A.I.G. that would cut the government's stake to 55 percent from 61 percent, Reuters reports.
BLOOMBERG NEWS Trianan Said to Reduce Stake in State Street | Trian Fund Management, the activist firm run by Nelson Peltz, has sold part of the stake in State Street that it disclosed in 2011, "at a per-share price far below what Mr. Peltz and the firm's two other founding partners stated State Street would be worth if it followed their 'action plan,'" The Wall Street Journal reports.
GE To Reduce Stake In Insurer Genworth.
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But she is expected to resist calls to drastically reduce stakes on so-called Fixed-Odds Betting Terminals (FOBT).
The DCMS has promised to review the outcome of the Responsible Gambling Trust probe in September, when it could take action to reduce stakes and prizes without passing primary legislation.
But campaigners say the only way to limit the potential harm is to dramatically reduce stakes and prizes - and that there is no place for high-stakes Las Vegas-style games in easily accessible High Street venues.
Trading in Finova's shares was halted at 95 cents before the announcement of the plan, which will leave current shareholders with a significantly reduced stake.
British Telecom also said it would focus on businesses in Western Europe and Japan, while reducing stakes in holdings elsewhere in Asia.
The government is now promising a more dynamic investment policy, reducing stakes in established companies so as to finance firms of the future.
International Business Machines began to reduce its stake in its laptop and PC division in 2005 and progressively shed more of its stake to Lenovo, a Chinese company.
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