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Barclay
brothers to take over the Daily Telegraph
Chicago: Hollinger International Inc has agreed
to sell its Telegraph Group of publications, which includes
The Daily Telegraph, The Sunday Telegraph, and
The Spectator, to the billionaire Barclay brothers
for about $1.3 billion.
The
sale to Press Acquisitions, controlled by David and Frederick
Barclay, is expected to be completed July 30, the Chicago-based
Hollinger International has said.
The
Barclay brothers own several newspapers in the United
Kingdom. Their Hollyrood Holdings group, which owns Press
Acquisitions, owns The Scotsman, Scotland on Sunday
and The Business.
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Asian
Paints may acquire stake in Israeli firm
Jerusalem: Indian paints major Asian
Paints has submitted a preliminary bid to acquire up to
half of Israeli company, Tambour.Tambour
has notified the Tel Aviv Stock Exchange that it had received
a number of inquiries from companies interested in buying
its shares.
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