Agree that MHVWF would be a suitable partner as well. I wonder if BBD has approached any of these other companies, instead of their biggest direct competitors in commercial jets? If not, why not?
It's not just wines. DEO is making moves in the beer space with this new deal just announced today. I would like to see the company use the proceeds of these sales to issue a special one-time dividend and restore some investor confidence.
@Diageo PLC, the world’s largest spirits company, said it had sold its stakes in Jamaican brewer Desnoes & Geddes Ltd and GAPL Pte Ltd, the majority owner of Malaysia’s Guinness Anchor Berhad, to Heineken NV for $780.5-million (510 million pounds). The transaction also includes Diageo’s acquisition of a 20 per cent stake in Guinness Ghana Breweries Ltd from the Dutch brewer, raising Diageo’s total stake in GGBL to 72.42 per cent. The maker of Smirnoff vodka, Guinness beer and Johnnie Walker whisky said the deal with Heineken would increase the companies’ focus in beer businesses in Jamaica, Malaysia, Singapore and Ghana. Diageo sold its 57.87 per cent stake in D&G, the maker of Red Stripe beer, and its 49.99 per cent stake in GAPL to Heineken, the companies said on Wednesday. Diageo said the deals would result in an exceptional profit after tax of about 440 million pounds.
Airbus and Boeing want to kill off CS. I have a much better idea... why not talk to potential trains partner SIE.DE about an investment in the entire firm. I'd rather see a partnership with Siemens who has no involvement in planes and would have a vested interest is seeing the program succeed. If BBD insists on an arrangement with an aerospace firm, then maybe talk to LMT instead.
PS: In Forbes, Aboulafia and Teal Group have put a scathing report yet again on BBD and this latest turn of events. I wonder what hedge fund has this terd in its pocket?
New offer of 42.15GBP/share rejected again by the BOD. It appears that MO thinks the latest offer, which is part cash part shares, is reasonable.This takeover attempt looks set to go hostile.
@Anheuser-Busch InBev announced early Wednesday that it has increased its bid for rival brewer SABMiller with an offer valued at about $104 billion. SABMiller said quickly after that its board, excluding the directors nominated by Altria Group Inc., had unanimously rejected A-B InBev's latest bid. The revised proposal offers SABMiller about $64.54 per share (or 42.15 pounds per share) in cash with a partial share alternative available. A-B InBev said in a statement that it had made two prior written proposals to SABMiller privately, both of which were rejected. The first offer was for 38 pounds per share, and the second for 40 pounds per share.Meanwhile, SABMiller's largest shareholder, Altria Group, voiced support for the latest offer. The group said is would support a proposal of 42.15 pounds or higher and urged SABMiller's board to "engage promptly and constructively with A-B InBev" to agree on terms of an offer.
The government has acquired MT's stakes in the operations and now will have full control of the assets..
@7 October 2015 - ArcelorMittal and IMETAL, an Algerian state-owned company, have reached an outline agreement for the restructuring of the shareholding of the companies ArcelorMittal Algeria, ArcelorMittal Pipes and Tubes Algeria and ArcelorMittal Tébessa. The restructuring follows the strategy of the Algerian Government to ensure the promotion and development of the national steel industry and to promote self-sufficiency in steel. The restructuring is aligned with ArcelorMittal`s strategy of asset portfolio optimisation. The restructuring plan will see ArcelorMittal transfer its minority shareholding in both ArcelorMittal Algeria and ArcelorMittal Tebessa as well as its majority participation in ArcelorMittal Pipes & Tubes Algeria, with the state of Algeria controlling the full shareholding of these entities. Furthermore, ArcelorMittal will continue its technical support for the successful implementation of El Hadjar Complex development plan.
We have a bid at 40... Do I hear 45? 45 anyone? Asking 45...
@Morningstar analyst Phil Gorham estimated that with $1 billion in cost-savings following a takeover, AB InBev should still be able to make the deal work at 40 pounds per share. With $2 billion of savings, it should be able to go to 44 pounds. "It makes sense to start at 40 and go to mid-40s," Gorham said. At 40 pounds per share, a takeover of the world's No. 2 brewer would cost nearly 65 billion pounds ($98.6 billion). At 45 pounds it would be close to 73 billion pounds ($110.7 billion).
40GBP per share is apparently not enough for SAB. They want more...
@Brewer SABMiller has rejected an "informal" takeover offer from Anheuser-Busch InBev of about $100 billion as being too low, a media report said on Tuesday, pushing down its share price. The proposal made last week was worth slightly over 40 pounds per share, according to Bloomberg, which cited sources familiar with the matter. SABMiller executives and some shareholders regarded a price closer to 45 pounds as representing fair value, it added. SABMiller and AB InBev both declined to comment on the report, cited by traders as the reason behind a drop in SABMiller shares, which were down 3.2 percent at 36.4 pounds at 1236 GMT. As of Monday's close, the shares had been up 25 percent since AB InBev's takeover approach was revealed on Sept. 16. A source familiar with the matter told Reuters that discussions were ongoing and there was talk of both sides possibly asking for an extension of the Oct. 14 deadline for a formal bid, given the complexity of such a deal.
Interesting. If DEO does sell their wine assets, what will they do with the proceeds? I think a special dividend would be nice for the shareholders who have stuck it out with the firm through the last couple of difficult years.
Duh, you think I didn't catch your little diss on the $CAD? I know you hate Canada, and yet you still buy shares in Canadian companies huh.
Zap? You're a liar. You apparently zapped me already (or so you said) a long tiime ago. Shove your Zap up your #$%$.
This is a segment of the ENB mainline that was dropped down to ENF.TO.
@CALGARY, Alberta, Oct 1 (Reuters) - Canadian light synthetic crude and North Dakota Bakken crude for November delivery strengthened on Thursday after Enbridge Inc received approval from regulators to open its newly-reversed Line 9 crude pipeline. Line 9 will ship 300,000 barrels per day of mostly light North American inland crude from Sarnia, Ontario, to Montreal, Quebec, displacing costlier barrels imported from overseas. The line used to flow in the opposite direction, taking imported crude to Ontario. Enbridge has not yet said when the pipeline will start operating but traders said there was demand for light crude in anticipation of the line being filled in the next month or so.
What will be SU's cash balance if the buyout is successful? Identical to what it was before the deal. ZERO real money. Oh why did you even read my message? So much for your repeated claim that once you put someone on ignore it's forever... you are a hypocrite.
Get with the program and focus on the technology for a change instead of 'Blain' this "Blain" that. The A320 unit is a UTX geared turbofan engine of the same family as that used on the CSeries. No spoof.
@The Pratt & Whitney PW1000G is a high-bypass geared turbofan engine family, currently selected as the exclusive engine for the Bombardier CSeries, Mitsubishi Regional Jet (MRJ), Embraer's second generation E-Jets, and as an option on the Irkut MC-21 and Airbus A320neo. The project was previously known as the Geared Turbofan (GTF), and originally the Advanced Technology Fan Integrator (ATFI).
UTX better deliver a reliable engine. Another major failure would irreparably damage BBD-B.TO chances of success with the CSeries. I wonder what BBD's contract conditions are if UTX fails to deliver the goods?
@Airbus Group SE said an engine on one of its revamped A320neo jets was found to have suffered damage following flight trials in hot-weather conditions, the latest setback for the Pratt & Whitney-manufactured turbine.
The issue was discovered in one of the test aircraft’s two power-plants, Airbus said Wednesday in an e-mailed statement that didn’t specify the source of the trouble. ng turbine is being offered by the CFM International venture of General Electric Co. and France’s Safran SA. Airbus’s disclosure of “findings in the engine” added to two previous turbine-related disruptions in the development of the A320neo and Bombardier Inc.’s CSeries. Pratt’s geared turbofan engine is the company’s newest offering, and is designed to help improve fuel efficiency.
BUD is brewing up a takeover of SAB.L. Yesterday news that BF-B is looking to offload its Southern Comfort liquor brands. Now today news that DEO wants to divest its wine brands.
@LONDON (Alliance News) - Drinks giant Diageo PLC is holding detailed talks about the sale of its wine brands, Sky News reported. The company is understood to have accelerated plans in recent weeks to offload its wine brands, including Blossom Hill, and the suitor thought to be involved in the talks is Australia'sTreasury Wine Estates.Sources told Sky a deal for the wine business could be done during October, though they cautioned no agreement has yet been signed and the deal could still fall through.