Another piece of the puzzle but I still don;t understand the trade. Some firm is going to profit immensely from it, whatever it is.
@@@@@Weyerhaeuser Co.’s (NYSE: WY) short interest grew from around 60.96 million shares to more than 95.37 million in the final two weeks of the month. That was 16.6% of the float. The number of shares short has been rising since the end of March. The days to cover grew to around eight. The company is preparing to sell its homebuilding business to TRI Point Homes. Short sellers watched the share price rise more than 7% in the two-week period. Shares closed at $32.57 Thursday, in a 52-week range of $26.64 to $33.75, and up less than 6% year-to-date.
So it appears the two firms have started formal discussions.
@@@@@AbbVie (ABBV) and Shire (SHPG) are in active talks about a potential merger after AbbVie raised its takeover offer for a fourth time, Bloomberg reports, citing people with knowledge of the matter. The talks are in the early stage and may not lead to an agreement, sources told Bloomberg. Shares of Shire are up 5%, or $12.04, to $250.65 following the report.
Oh it will get resolved all right. The question is what will existing shareholders end up with, if anything at all. No mystery about CH7/11 here or its Russian equivalents.
WFanalyst says 75.
@@@@@Lorillard acquisition by Reynolds may be announced soon, says Wells Fargo Wells Fargo believes that an acquisition of Lorillard (LO) by Reynolds American (RAI) could be announced as soon as today or next week. The firm still sees a 90%+ probability of the deal being completed and thinks it will create value for shareholders of both companies. The firm expects Reynolds to pay a 20% premium to Lorillard's closing price yesterday of $63.09. wells expects both stocks to rise sharply today and reiterates Outperform ratings on both names.
Yeah it is all just rumors nothing confirmed. rightttt
@@@@Imperial confirms talks with Reynolds, Lorillard over asset acquisition Imperial Tobacco (ITYBY) notes the recent speculation relating to a potential transaction involving Reynolds American (RAI) and Lorillard (LO). Imperial confirmed it is in discussions with Reynolds and Lorillard to evaluate a possible acquisition of certain assets and brands owned by Reynolds and Lorillard. Earlier today, Financial Times reported that Reynolds and Lorillard are close to a merger agreement
You need a new extinguisher... the one you have is inoperative
@@@@@Reynolds American confirms discussions about business combination Reynolds American (RAI) confirms that it is in discussions with Lorillard (LO) regarding a possible acquisition of Lorillard. The discussions are consistent with RAI's strategy of considering a variety of options to enhance shareholder value. British American Tobacco, RAI's largest shareholder, is participating in these discussions. If the transaction proceeds, BAT expects to support the transaction by subscribing for additional shares in RAI and would maintain its existing 42% equity position in RAI. Imperial is also involved in these negotiations as a possible purchaser of brands and other assets from Lorillard and RAI. There is no assurance that any agreement will be reached by any of the parties. Unless circumstances dictate otherwise, RAI does not intend to comment further on these matters.
Still have part of my long position (preferreds) but hedged with Oct. expiry 2.00 strike puts I bought a while back. I can't see this just muddling along any more... it will move hard ... the only question is in which direction.
Apparently the Russian shareholders are more intelligent than the American ones ha ha ha
Huh? I asked you politely about AYI a few times now and got no response until now, when I indulged in a bit of namecalling. Why is that? Seems like you could show a little respect too.
In the end it is his decision whether or not MTL declares BK.
@@@@@A source familiar with government discussions on Mechel told Reuters that Putin would take the final decision. "There were several orders (to discuss the problem) from him; now everything will return to him and he will have to make a decision himself," the source said. "It's the company's destiny, not Zyuzin's, which is the president's headache now," the source said, suggesting that the government would like to avoid a large loss of jobs. "It's exactly that case when (something) is too big to fail." Besides VEB and bankruptcy, another option is for state banks to seek government guarantees for further restructuring of Mechel's debts. "If VEB declines (to participate), banks will push for state guarantees," a banking source told Reuters.