1) TEX was demanding 32.50 which is more than Zoomlion was prepared to offer. I'm sure if TEX said 31 was good a binding offer would have emerged.
2) I believe Zoomlion is committed to buying TEX otherwise why would they have signaled they were ready to pay 31 which was ~50% premium to TEX stock price before the rumours broke out. That is a big fat premium designed to get the deal done. TEX management hummed and hawed at it then said 32.5... go figure.
3) Probably because Zoomlion told them they prefer to buy the entire company, but would buy TEX ex-MHPS if that would make TEX more confident a deal would close. I think TEX is concerned about Zoomlion's ability to raise funds to buy the entire company.
Did you know that IKEA is owned by one of the largest charitable foundations in the world?
@The Stichting INGKA Foundation is a Dutch foundation founded in 1982 by Ingvar Kamprad, the Swedish billionaire, who is the founder of IKEA. INGKA is one of the largest charitable foundations in the world and used to be one of the largest nonprofit organization in the world. The foundation owns the private Dutch company INGKA Holding, based in Leiden, which is the holding company that controls 315 of the 360 outlets of IKEA
I am not concerned about this too much. The plane is only slated to start flight tests beginning of 2017 reaching certification by 2018. BBD should have plenty of new orders by then. Sanctions will act in both directions... likely blocking sales into Russia but also ruling out Russian sales to those countries int he world who maintain sanctions against Russia. IMO sanctions don't do anyone any good.
PS: Not sure where you got your number from. It was actually 860M not 798M. Given that the average purchase price was 27.50, I would assume that will be a floor on the stock price going forward, given that there is still ~65% of the buyback allocation remaining.
@At the end of the first quarter, we had repurchased approximately $860 million, or 35% of our authorization at an average price of $27.49 per share
----Most charities are scams----
Get a load of this one. Scams indeed.
@Medicare prohibits the use of copay cards whereby pharma companies provide coupons for patients to cover the cost of their copays. In order to assist patients in affording these high costs, biopharma companies frequently donate to charities which in turn provide copay assistance for patients. While essentially accomplishing the same thing as copay cards, the arms-length transaction and independence of the non-profit charities effectively circumvent the rules.
You have told me nothing I do not already know. I stand by my original comments. I suggest you sell the stock if you are not satisfied with their performance.
Why wouldn't their primary reporting be held to Russian regulations? It's a Russian company. You don't like it.then shove off.
kibbles, I won't dispute that there are many who abuse the system. but I would argue there are many more that don't. I suspect that mis-spending of donations to various charities constitutes a much larger 'abuse' percentage wise.
I despise the fact that society seems to increasingly rely or even thrive on donations. I can accept to have a government-funded social safety net, but I find the idea of thousands of special interest groups ceaselessly clamouring for public donations revolting.
Yes I saw that too. WY only spent a third of their allocation so far, much less than I assumed based on higher trading volume after the deal closed. It'll be interesting to see how much they buy this quarter.
Well someone is buying AIXG, just not one of the usual American suspects.. Get the party hats out Loony. It's time to celebrate.
@5:56 am Aixtron receives takeover offer from Fujian Grand Chip valued at EUR670 mln (AIXG) : AIXTRON SE (AIXG) and Grand Chip Investment, have entered into a merger agreement. GCI will launch a voluntary public takeover offer to acquire all of the outstanding ordinary shares, including all ordinary shares represented by AIXTRON ADS. Under the terms of the agreement, AIXTRON shareholders will be offered EUR6.00 in cash per each ordinary share. The transaction values AIXTRON's equity, including net cash, at ~EUR670 mln and reflects a 50.7% premium to the three-month volume weighted average share price prior to announcement. GCI expects the offer to commence in July after approval of the offer document by the German Federal Financial Supervisory Authority with closing is expected in the second half of 2016.
I don't trade much. I do see that SPY is attempting to push back up through the 50 day SMA as the 10 day line is about to cross down through it.
I don't think this is specific to their igadget displays. It is more fundamental Specifically, I suspect the market for top-end smartphones is flattening out.