Go ahead SU, make my day.
@Suncor Energy Inc. urged regulators to strike down Canadian Oil Sands Ltd.’s shareholder rights plan, warning there is a “real and distinct” possibility it won’t extend its $4.5-billion takeover offer past 60 days.
You're certainly not the brightest bulb in the room huh. There was no 20% rise. There was a sharp pullback in response to the GS downgrade and a warning from led competitor OSAGF on future earnings, followed by a quick recovery after the implications of these events on CREE was assessed and deemed irrelevant.
Shareholders in EMC and VMW are demanding changes... or else.
@Trying to shore up Dell deal and boost VMware, EMC says it will keep majority stake in Virtustream
Nov 25, 2015, 10:47am PST The new plan will see EMC assume Virtustream's losses with the majority stake and give VMware a minority stake in Virtustream. According to Re/code, some institutional shareholders want to address the recent 30 percent drop in VMware shares and 9 percent drop in EMC shares by having VMware buy back as much as $3 billion worth of VMware shares. The anonymously named investors also want to adjust the rights and protections attached to a proposed block of VMware tracking shares. “They have to improve the deal, and if they don’t, we’re going to vote against it — and a lot of other people are going to vote against it,” one shareholder told Re/code.
Another breakout here today on NKE, surpassing the 52wk high from Oct 19.
@11/24/2015 | 10:22am
Opinion : Bullish above USD 133.3
Target price : USD 138 Potential: 4.18%
Stop loss: USD 131.9
Nike wins almost 38% ytd, near its October highs (USD 133.5). Regarding the group's fundamental, first we note the increase in sales recorded in the prior year to USD 30 billion (that is to say 10%). Net earnings per share for 2015 also increased by 20% to USD 3.70. The analyst consensus following this share also remains confident with an average target price of USD 141. Graphically, the stock seems able to continue its upward trend thanks to well-oriented moving averages, and will test soon the USD 133.2 medium term resistance. Considering all these encouraging developments, above USD 133.21, a buy signal will be given. The main objective will be the testing the trendline at USD 138. Nevertheless a stop loss will be placed below USD 133.
So all drunks go to hell? What about potheads and other drug addicts... do they get to enter the pearly gates or does the doorman turn them a\way too? I was not aware that one of ten commandments was "thou shalt not imbibe alcoholic beverages or any form of recreational drugs"
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.