That's not true. There was industry news back in early November that caused negative sentiment in CREE. I posted about it on this board. The market has since discounted that news. Whether of not the market was correct to do that, we will only know at next quarter earnings.
I don't understand why EMC activist Elliot Management came out and announced they support this deal.
It now appears that some institutional shareholders are demanding changes. The Virtustream JV announced shortly after the deal will be cancelled. There's also talk of VMW issuing debt to do a share buyback. If the IRS rules that Dell will face a big tax hit it will drive a stake through the heart of this proposed deal and kill it once and for all.
@(Reuters) - EMC Corp, in a bid to boost shareholder support for its sale to Dell Inc, will retain a majority stake in Virtustream and abandon a plan to place the loss-making cloud services provider in a joint venture with VMware Inc, people familiar with the matter said. The move is aimed at lifting VMware's shares, which have lost about a quarter of their value since Dell's $60 billion deal to buy EMC was announced on Oct. 12.
On the face of it, a BTI takeover of ITYBY at this juncture doesn't make much sense to me. I suspect if anything it is Japan Tobacco that is looking at buying out Imperial. I believe JAPAY is mostly focused on Japan and has no USA exposure, so a takeover of ITYBY would transform the firm into a global player.
-- it won't take but seconds for stockholders to say yes.---
BXLT shareholders sure, but SHPG shareholders may be less eager to do a deal now at 45 let alone 50. SHPG stock price is significantly lower now then it was when the initial offer of 45 was made, so SHPG shareholders will now have a smaller stake in the combined firm if a deal happens. Also, this is not an inversion... this is a UK-based firm buying a US-based firm, not the other way around.
Maybe a capital raise for a possible takeover of MBT.TO? That telco jsut announced the sale of its Allstream division, which was viewed by analysts as a a requisite to any subsequent takeover by BCE or TU (although it's unclear to me why... you'd figure a fibreoptic backbone across Canada would be a plus, not a minus, for any acquirer).
Put your hands up slowly and back away from the keyboard. You are under arrest for posting while under the influence... of what exactly I can't say, but whatever drug it is, it's dangerous.
look out? so you don't think this hike is already priced in? get real.
A company like NLISY profitable, paying dividends, and buying back shares on the cheap in an extreme commodities slump that has driven nickel prices to lows not seen since 2003. Kudos to management.
@Moscow, November 23, 2015 – PJSC MMC Norilsk Nickel (hereinafter – “Norilsk Nickel” or “the
Company”), the world’s largest nickel and palladium producer, announces that from November 16 to
20, 2015 32.000* ordinary shares were purchased on Moscow Exchange at market price, for the
total amount of RUB 301.2 million (approximately USD 4.5 million). Since the start of share buyback program, the Company has purchased 1,250,075* ordinary shares for the total amount of RUB 11,987.9 million (approximately USD 195.1 million). In accordance with the best disclosure practices, the Company will continue to provide regular updates on the implementation of the share buyback program.
Coincidence? Look for Step 2B at MBT.TO sooner rather than later.
@Another big Canadian company has surprised investors with a rare share sale after BCE Inc. raised $750-million in a snap financing. Late Monday, the telecommunications giant announced a large bought deal to raise money for general corporate purposes and to help pay down debt. The common-share sale is BCE’s first since 2002, when it raised $1.8-billion.Because the financing is so rare for BCE, some investors may wonder if the company will use the funds for an acquisition of some sort. Someone familiar with the offering stressed this won’t happen; the telco is taking advantage of a hot stock.
long live MT the king of steel
@PITTSBURGH, Nov. 23, 2015 /PRNewswire/ -- United States Steel Corporation (NYSE:X) announced today it will temporarily idle its Granite City Works steelmaking and finishing operations in Granite City, Ill. As the primary flat-roll supplier of the oil and gas industry, the idling is part of an on-going adjustment of steelmaking operations throughout North America to match customer demand.
Take-or-pay is about to kick in. Was the market merely anticipating this or were insiders haling out?
@SunCoke Contract Remains in Effect Despite Temporary Idling of U.S. Steel’s Granite City Operations
LISLE, Ill.--(BUSINESS WIRE)-- SunCoke Energy, Inc. (SXC) and SunCoke Energy Partners, L.P. (SXCP) issued the following statement in response to United States Steel Corporation’s announcement on November 23, 2015, that it intends to temporarily idle its blast furnace and related steelmaking operations in Granite City, Ill.:“SunCoke has a longstanding relationship with U.S. Steel and we expect they will honor our take-or-pay contract to supply coke to their blast furnace operations through 2025. We are committed to working with U.S. Steel during this temporary idling.”Separately, SXC provides certain commercial protections to SXCP under an omnibus agreement that extends through January 2018.
Uh oh double whammy... Today Saskatchewan stated it also plans to significantly reduce dependence on coal-fired generation. And remember, this is the province that has made large strides towards carbon sequestration. Looks like a shift in the winds.
@Saskatchewan is signalling that it wants to be “a player in terms of responsible energy production” by reducing the province’s reliance on coal and adding wind and solar power. Crown utility SaskPower has announced plans to have up to 50 per cent of power come from renewable sources by 2030.he province is trying to reduce emissions by capturing carbon dioxide from a coal-fired power plant in Estevan. But the $1.5-billion facility at the Boundary Dam power plant has only been working 45 per cent of the time since it opened in October, 2014.
Step 1 is complete. Next step... takeover of MBT.TO by another Canadian telco like BCE. Let the bidding begin!
@TORONTO, Nov 23 (Reuters) - Canadian telecom company Manitoba Telecom Services Inc said on Monday it had agreed to sell its fiber-optic network Allstream, sending its shares up 5 percent as investors cheered the exit of a disappointing asset. The sale of the cash-flow negative national network - to U.S.-based Zayo Group Holdings Inc for C$465 million ($347.4 million) in cash - allows Manitoba Telecom to focus on a turnaround plan for its business selling phone, Internet and television connections in the central province of Manitoba. Allstream "was a chronic underperformer in terms of the expectations of the marketplace," Manitoba Telecom CEO Jay Forbes said in a telephone interview. "Expect an even more aggressive player in this Manitoba marketplace," he said.
Try to avoid posting cryptic messages. You compose in plain english, but many of your responses tend to wander off-topic. I'm guessing that turns many people off.
BFD... Up here in Canada, gas prices regularly fluctuate by as much as 10c/l in a 24hr period. That's roughly 40c/gallon for you non-metric pariahs.