Richard Barton News
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Zillow Inc., the Seattle-based online provider of home-price data, fell in New York trading following reports of stock sales by executives.
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Sino-Forest Corp., the Chinese timber company that plunged 74 percent this year after fraud allegations, said going private is among the options under consideration as it attempts to restore its finances and reputation.
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Asia Retail Group is seeking to sell Courts Asia Ltd., a furniture and electronics retailer with operations in Singapore and Malaysia, for about S$500 million ($382 million), two people with knowledge of the matter said.
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The European Union may consider expanding options available to companies to block hostile takeovers as part of a review of legislation on corporate acquisitions.
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Billionaire Richard Chandler, who became one of New Zealand’s richest men by pushing for reforms at South Korea’s SK Group, disclosed he’s one of the biggest shareholders in Sino-Forest Corp., the Chinese company targeted by short-seller Carson Block.
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Billionaire Richard Chandler raised his stake in Sino-Forest Corp., the Chinese tree-farm operator targeted by short seller Carson Block, to become the company’s largest shareholder.
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Ron Salmon first invested in Sino- Forest Corp. as a speculative stock. He bought more shares even after they tumbled 83 percent in June, when the company was accused of fraud.
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Zillow Inc., an online real-estate information service, may raise as much as $51.8 million in an initial public offering, capitalizing on growing demand for shares in quickly growing Internet companies.
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Sino-Forest Corp.’s Chief Executive Officer and Chairman Allen Chan resigned two days after a Canadian securities regulator said the company may have exaggerated timber holdings, the same charge made by short seller Carson Block in June.
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KKR & Co. , whose shares will start trading on the New York Stock Exchange today, is seeking to raise $800 million to invest in China, Asia’s biggest private- equity market, two people with knowledge of the matter said.
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