@Michael Dell and Silver Lake Partners underpriced their 2013 $24.9 billion buyout of Dell Inc [DI.UL] by about 22 percent and may have to pay tens of millions to investors who opposed the deal for the computer maker, a Delaware judge ruled on Tuesday. The ruling, which applies to about 5.5 million Dell shares, is a victory for the specialized hedge funds that have increasingly tried to squeeze more money from mergers using a type of lawsuit known as appraisal.The lawsuits allow investors who oppose a deal, such as the bitterly contested Dell buyout, to sue and ask a Delaware judge to determine a fair deal price. Activist investor Carl Icahn urged Dell shareholders to vote down the deal and take their case for fair value to court. Initially appraisal was sought for about 40 million shares, but the bulk was removed for procedural reasons. In Tuesday's ruling, Vice Chancellor Travis Laster said fair value was $17.62 per share, not the $13.75 per share deal price.
Is Obama a closet-case e-cig smoker?
@WASHINGTON, May 31 (Reuters) - A White House office deleted language in a recently introduced tobacco regulation that would have removed flavored e-cigarettes from the market until they had been authorized by the Food and Drug Administration, an edited version of the document shows.
Barrons and the views of the analysts they chose to reference are FOS
@BEIJING, June 1 (Reuters) - China's foreign exchange regulator said on Wednesday that Zoomlion Heavy Industry Science and Technology Co Ltd's bid for U.S. crane maker Terex Corp did not have to clear foreign currency hurdles.
I wasn;t talking to you numnuts. I engage in meaningful discussions when there's relevant news. There was absolutely nothing new in what you posted, so screw u.
UDC has P2LED emitters. I've always said inkjet will be key to mass adoption of oled technology. Still waiting to see it happen.
Well then, for someone who's been long probably as many years as I was, you don;t appear to be very bright if you can't acknowledge any truth in hat I posted. The only thing that's truly pathetic here is that you choose to hurl pointless insults. Into ignoreworld you go..
Nice to see the restructuring paying off at HSE.TO.
@Free Cash Flow Growth As a result of the structural changes that have taken place, Husky can generate enough cash to maintain current production levels with WTI oil prices in the mid-$30s US. Oil prices above that point are expected to produce free cash flow. An increase in WTI oil prices from $40 to $50 US on an annualized basis is expected to generate about $800 million in free cash flow. "As a result, we are now much better positioned to deliver on our three business priorities of maintaining a strong balance sheet, investing in our rich portfolio of opportunities and establishing a sustainable cash dividend," said Ghosh.
Tough to see DNN trading at this level. The next dilution will hurt. They keep expanding the U deposit base with every round of drilling results which is great. But then they put out that Preliminary Economic Analysis showing how much they'll make on these deposits at U prices we haven't seen in many years.
@Current uranium price: Base case scenario uses today's long term contract price for uranium of US$44 per pound of U3O8, leading to a pre-tax IRR of 20.4% and a pre-tax Net Present Value ("NPV") of CAD$513M (Denison's share CAD$308M); Exposure to rising uranium price: Strong profitability at today's price offers lower risk exposure to rising prices, as evidenced by a US$62.60 per pound U3O8 production case scenario resulting in a pre-tax IRR of 34.1% and pre-tax NPV of CAD$1,420M (Denison's share CAD$852M);
Still have to get China approval.
@The U.S. Justice Department is poised to approve Anheuser-Busch InBev NV’s takeover of SABMiller Plc in an agreement that may include measures to keep the beer behemoth from edging craft brewers from shelves, according to people familiar with the matter. U.S. clearance of the $107 billion combination is on track for later this month, according to three people familiar with the process. The accord could include limits on the combined company’s ownership of distributors, said one of the people.
I recall you said the referendum in Catalina would be the end of Spain also... so much for that huh. Okay, so now I read Right vs Left then. You presume this will tear apart the country? How is this different from many other nations, say USA?
But it's still not over. MTL has to come to an arrangement with other debt holders apart from the big three.
@The company has been trying to alter its borrowing terms since 2014 as coal and steel prices touched multi-year lows. It reached an agreement with Sberbank PJSC in April for debt restructuring after Gazprombank and VTB Bank reached similar deals last year. In total, that represents $4 billion of debt. Mechel is also seeking bondholders’ agreement to restructure the debt. It will also need to agree on restructuring with international lenders for another $1 billion.
My point is that you are blowing the risks far out of proportion. Yes political events happen. Governments change all the time. But that does not translate to chaos, and even when there is initial disruption, the world economy quickly adapts and carries on business. It is rare to see such events lead to collapse of a nation, especially developed countries like Spain.
This collaboration makes good sense. I wonder why they didn't just buy out OPM though.
@ Hexcel Corporation (HXL) announced today that it has made a strategic investment in Oxford Performance Materials (OPM). OPM produces thermoplastic, carbon fiber reinforced 3D printed parts for Commercial Aerospace and Space and Defense applications. The investment creates a partnership between Hexcel – a global leader in advanced composites and carbon fiber – and OPM – a recognized leader in high performance additive manufacturing (HPAM™) – to further advance the commercial application of this growing manufacturing technology to serve the aerospace market.
So why did the WH insist on striking out the FDA's plan to eliminate flavoured e-cigs? Very strange. Obama would naturally want a menthol e-cig if he was trying to quit tobacco... just sayin'
@A White House spokeswoman, Emily Cain, said the OMB "does not comment on changes made during the interagency review process." The FDA also does not comment, FDA spokesman Michael Felberbaum said. In its originally submitted rule, the FDA said it recognized that numerous flavored products would come off the market within 180 days of the rule's publication "and that this will significantly impact the availability of flavored tobacco products at least in the short term." But it said the move was important because tobacco products with characterizing flavors, including menthol but excluding tobacco flavor, were attractive to young people. "FDA made an overwhelming scientific case to OMB," Matthew Myers, president of the Campaign for Tobacco-Free Kids, said in an interview. "For reasons that are not articulated, those people substituted their own judgment."