11.   Arnault wants eventually to take control of Gucci by buying a majority stake, not by making a tender offer to all shareholders.

12.   Atlanta-based National Data will make an undisclosed cash payment to MasterCard for a majority stake in the venture, to be called Global Payments Systems.

13.   BASF said it would purchase enough additional shares to secure a majority stake.

14.   Bain owned a majority stake in Ampad at the time.

15.   Because many governments still own majority stakes in telephone companies, some are expected to protect their home territories.

16.   Because the Mexican executive controlled a majority stake in the Spanish programming network, he forced Anselmo to go along.

17.   Because Sopaf is incorporated as an industrial holding company, it is currently barred from owning a majority stake in a bank.

18.   Blumenfeld also said Mitsubishi dealerships and Union Bank of California, in which Mitsubishi owns a majority stake, had come under pressure from customers.

19.   Both President and its unnamed Chinese partner wanted a majority stake, Lee said.

20.   Brad Smith, an analyst with Midland Walwyn Inc., said Trilon may sell its majority stake in Royal LePage.