Business news with words delta+investment. 41 news.

Tracinda said it will take a 35% stake in Delta Petroleum, making a $684 million investment in the energy company. The deal shows how many smaller energy companies could face difficulties financing their capital plans in coming years.

Tracinda will take a 35% stake in Delta Petroleum, under an agreement for the firm to make a $684 million investment in the energy company and acquire shares at a price representing a 23% premium from Friday's closing price.

LONDON (MarketWatch) -- Kirk Kerkorian's Tracinda is going to buy 35% of Delta Petroleum for $684 million, or $19 a share, the companies said Monday. The investment is at 23% premium to Friday's close. This transaction will allow Delta Petroleum to accelerate development drilling activities in its core areas, including the Piceance and Paradox Basins. "Under (CEO) Roger (Parker's) leadership, Delta Petroleum has become a very important company in the industry, with valuable resource plays, a strong asset base and well-positioned exploration projects that we believe hold significant growth potential," Tracinda said.

J Sainsbury has beaten City forecasts in its first results since Delta Two, the Qatari investment, walked away from a takeover bid, with pre-tax profit growing by 20 per cent during the first six months of the year.

A Qatari investment fund, Delta Two, withdrew its £10.6 billion ($22 billion) bid to take control of the British supermarket chain J Sainsbury as a result of escalating borrowing costs, Delta Two said. The fund will still have a 25 percent stake in the British retailer, and the fund manager, Three Delta, expressed confidence in Sainsbury’s management, a sign it apparently intended to hold onto its stake. “The transaction would not be in the best interest of stakeholders,” Paul Taylor, a principal of Three Delta, said in a statement.

A Qatari investment fund, Delta Two, withdrew its £10.6 billion ($22 billion) bid to take control of the British supermarket chain J Sainsbury as a result of escalating borrowing costs, Delta Two said. The fund will still have a 25 percent stake in the British retailer, and the fund manager, Three Delta, expressed confidence in Sainsbury’s management, a sign it apparently intended to hold onto its stake. “The transaction would not be in the best interest of stakeholders,” Paul Taylor, a principal of Three Delta, said in a statement.

Investors have lopped £2bn off the value of J Sainsbury after the supermarket giant announced that its six-month flirtation with Delta Two, the Qatar-owned investment fund, had ended.

By Arindam Nag A DOW JONES NEWSWIRES COLUMN LONDON (Dow Jones)--The art of clever dealmaking centers on getting a transaction done at a positive net present value. In this regard, the Qatari Investment Authority has done the right thing by walking away from buying U.K. retailer J. Sainsbury - at least for the time being. For one thing, the QIA stands to benefit from any success Sainsbury's current management has in improving the retailer's returns because the Qatar investment fund Delta Two retains 25% stake in the retailer as well as deterring any rival bidders. The Qataris can return to the deal table once the

Qatari investment fund Delta Two has ditched a takeover bid for UK supermarket group J Sainsbury worth ?10.6 billion sterling.

J Sainsbury shares fell more than 20% after Delta Two, an investment fund backed by the Qatari government, abandoned a ?10.45bn bid approach for the UK's third largest supermarket

The market value of J Sainsbury tumbled by more than £2 billion after the Qatar Investment Authority (QIA) abandoned its £10.6 billion bid for Britain's third-largest supermarket group, blaming the credit crunch.

Eight months ago, before Qatar's desire to acquire Sainsbury became public, the emirate's British investment chief Paul Taylor was pushing hard for entry into high society

Delta Two, the investment fund trying to buy J Sainsbury, has gone back to its Qatari backers seeking an extra ?500m of equity as the volatile financial markets and grim retail outlook has raised doubts over the structure of its ?10.6bn bid for the supermarket chain.

Delta Two, the Qatari-backed investment fund stalking J Sainsbury, must bid for the supermarket group by November 8 or walk away, the Takeover Panel ruled yesterday, as new concerns arose over funding for the £10.6 billion bid.

The 11th-hour hitch in talks between Delta Two and J Sainsbury has arisen because the Qatari investment fund has been forced to confront the reality of a pension scheme shortfall

Delta Two's ?10.6bn planned acquisition of J Sainsbury hit a wall after the investment fund told the retailer at the eleventh hour that it needed another ?500m before it could make an offer for the company

The bid for Sainsbury's is on the verge of derailing after an apparent breakdown in relations between Delta Two and its Middle Eastern backer, the Qatar Investment Authority

Investment fund Delta Two is seeking around $1 billion of additional funding for its protracted takeover proposal for U.K. supermarket chain Sainsbury.

Delta Two, the Qatari-backed investment vehicle trying to buy J Sainsbury for ?10.6bn, has been given less than two weeks to "put up or shut-up", as it revealed that it needs ?500m more to do the deal

ALLIANZ China Life Insurance Co opened a branch in Jiangsu Province yesterday - its sixth on the Chinese mainland. The life insurance joint venture has branches in Shanghai, Guangdong, Zhejiang and Sichuan provinces and Shenzhen already. Allianz China Life's entry into Jiangsu Province marks the completion of its branch network in the Yangtze River Delta. "The new branch is evidence of Allianz's commitment to developing our presence in the China market and offering excellent products and services to Jiangsu people," said Bruce Bowers, the regional chief executive officer for Allianz's insurance operations in Asia. With its huge market potential and consumption power, the province has become a key investment destination for many German and European companies. Headquartered in Shanghai, Allianz China is a joint venture between global insurance leader Allianz and CITIC Trust.