HALISTER1: *CYRUS MISTRY TO RESIGN AS DIRECTOR OF 6 LISTED TATA COMPANIES

*CYRUS MISTRY TO RESIGN AS DIRECTOR OF 6 LISTED TATA COMPANIES

Alert: HALISTER1
Source: BN (Bloomberg News)

Tickers
TTCH IN (Tata Chemicals Ltd)
TTMT IN (Tata Motors Ltd)
TPWR IN (Tata Power Co Ltd)
47588Z IN (Tata Sons Ltd)
TATA IN (Tata Steel Ltd)

Topics
Management Changes

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UUID: 7947283

HALISTER1: *SHANDA BOOSTS LEGG MASON'S STAKE TO UP TO 15%; ADDS 2 TO BOARD

*SHANDA BOOSTS LEGG MASON'S STAKE TO UP TO 15%; ADDS 2 TO BOARD

Alert: HALISTER1
Source: BN (Bloomberg News)

Tickers
LM US (Legg Mason Inc)
1441166D SP (Shanda Group Pte Ltd)

People
Alan Magleby (Legg Mason Inc)
Joseph Sullivan (Legg Mason Inc)
Mary Athridge (Western Asset Management Co)

Topics
Who's News - People
Management Changes

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UUID: 7947283

HALISTER: Vale Agrees to Sell Fertilizer Assets to Mosaic for $2.5b

Vale Agrees to Sell Fertilizer Assets to Mosaic for $2.5b

(Bloomberg) -- Vale to get $1.25b in cash, $1.25b worth in 42.3m shares to be issued by Mosaic, according to regulatory filing.
  • Shares represent stake of 11% in Mosaic’s outstanding shares
  • Vale to hold up to two seats in Mosaic’s board
  • Vale to have the potential to earn an additional amount of up to $260m to be paid in cash over the two-year period
  • Vale expects deal to conclude in the end of 2017
  • Link to statement
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
MOS US (Mosaic Co/The)
VALE5 BZ (Vale SA)

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UUID: 7947283