Don't be so quick to make a decision. Consider that SHPG has an excellent performance record, and since they are based in the UK and thus subject to lower taxation rates, SHPG will squeeze out the maximum profits from BXLT assets, which will benefit all concerned..
True, but my point was that the plan may expedite the shutdown of six 'at-risk' older plants in the USA, and since it would take several years or longer to build out new plants, net USA demand for uranium would drop in the interim.
So what we have here by SHPG is a hostile takeover attempt for BXLT. Might be difficult to get this deal done without bumping up the offer price.
@08/04/2015 | 08:34am US/Eastern NEW YORK — Irish drugmaker Shire PLC Is offering to buy Baxalta Inc. for about $30 billion in stock in a move to solidify its position in rare disease treatments. Deerfield, Illinois-based Baxalta was spun off of Baxter International Inc. in July and focuses on bleeding disorders. Dublin-based Shire makes treatments for a range of conditions including attention deficit hyperactivity disorder, epilepsy and hunter syndrome. In a statement, Shire urged Baxalta to engage in negotiations. It made the offer to the company on July 10 and said the offer implies a value of $45.23 per share, a 36 per cent premium for Baxalta. Shares of Baxalta rose more than 20 per cent to $40.10 in premarketing trading. Shire's stock fell nearly 3 per cent to $260.92.
Uh, you failed to consider the two companies' respective Market Cap and Enterprise Value. If anything, it'll be PM buying MO, not the other way around.
ANR is officially dead. Next up... ACI.
@Alpha Natural Resources Inc. filed for bankruptcy in Virginia Monday, becoming the latest victim of the coal industry’s worst downturn in decades.
From what I've just read, nuclear generation stands to lose ground in the final plan announced today.
@The final version of President Obama’s Clean Power Plan does not include aid to existing nuclear power plants at risk of closing because they can’t compete with cheaper natural gas and renewables—a list that includes some of the nation’s most controversial reactors, including Indian Point and Three Mile Island. In the draft version, EPA had proposed allowing states to count 6 percent of existing nuclear generation toward their clean energy goals, a provision designed to rescue the 6 percent of nuclear capacity considered at risk. “On further consideration, we believe it is inappropriate to base the BSER (Best System of Emission Reduction) on elements that will not reduce CO2 emissions from affected electric generating units below current levels,” EPA states in the final rule. The nuclear industry had campaigned for stronger support for nuclear power in the Clean Power Plan. American Nuclear Society President Brady Raap argued that the draft rule ”almost completely discounts the clean energy contributions of current nuclear energy facilities, while penalizing states that have new plants under construction.” ANS took it as a good sign when EPA Administrator Gina McCarthy said EPA would reconsider the rule’s treatment of nuclear.
Why would growth in alternative energy (wind and solar and even natgas) displace oil demand? The two serve non-overlapping end markets. The former feeds the electricity grid. The latter is utilized to power transportation and in various materials (building, plastics, roadways, etc.) In the USA, oil-fired electricity generation is negligible. Furthermore, electric-powered transport will take decades to meaningfully displace internal combustion engines.
And in regards to the inefficiencies of the existing oil-based energy infrastructure, this will not change. The industry has spent huge sums to build out refinery complexes, storage facilities, port and rail terminals, pipeline and rail networks, and related transport to distribute distillates to end-users. It is naive at best to think that this infrastructure will ever be shut down and re-located. Big cities will not move closer to oil fields. Refineries and related storage facilities will not move closer to oilfields. A few refineries may reconfigure to process a different grade of oil. Most will choose to simply source the oil grades they are designed to process from whatever sources are the cheapest and most reliable, and focus investments on expansion of their existing production capacity instead.
I think I found the answer. EMC will be the buyer.
@@Elliott Management is pressuring EMC to spin off its stake in VMware; but EMC chief executive Joe Tucci may do just the opposite. Talk about contrarian. For months EMC EMC chief executive Joe Tucci has resisted pressure from Elliott Management to sell EMC’s majority stake in VMware VMW . Now, with a stand-still agreement between EMC and Elliott set to expire next month, EMC is reportedly eying a slightly different plan of action: It may just buy up the part of VMware it does not already own, according to Re/Code.
SHPG is delving further into the eyecare market space.
@Shire has strengthened its move into eyecare with the $300m acquisition of a US company developing a treatment for conjunctivitis. The UK-listed, Dublin-based drugmaker said the all-cash deal for privately held Foresight Biotherapeutics would give it access to potentially the first medicine for viral and bacterial forms of the common eye infection. Shire has been stepping up investment in eyecare as it pushes for regulatory approval of its own lifitegrast treatment for dry-eye disease. “Ophthalmics is a highly attractive growth area for Shire and this acquisition allows us to strengthen our presence,” said Flemming Ornskov, Shire chief executive. He said Foresight’s FST-100 drug was “highly synergistic” with the commercial structure being built to market lifitegrast. If both were approved, the products “would address two of the leading reasons people seek eyecare treatment”, Mr Ornskov added.More than 11m cases of infectious conjunctivitis — also known as pink eye — occur annually in the US and EU. The potential ability of FST-100 to treat viral and bacterial forms of the disease could reduce unnecessary use of antibiotics for the condition, said Michael Weiser, director of Foresight. Shire said it would push FST-100 into late-stage clinical trials after promising mid-stage data. Lifitegrast, meanwhile, is awaiting a regulatory decision from the US Food and Drug Administration by October after positive late-stage trial results. Shire has tipped lifitegrast for peak annual revenues in excess of $1bn, making it an important part of Mr Ornskov’s drive to almost double product sales to $10bn by 2020.
I only recently started a long position in IRWD. I prefer to buy low.
Speaking of womens' rights... it seems there is some work to do in NA as well.
@A rally organized by three sisters who say they were stopped by a police officer for cycling topless a week ago drew hundreds of people in Waterloo, Ont., today, according to posts on social media. The "Bare With Us" rally at Waterloo Town Square aimed to educate people — and police — about women's right to be topless in public. "It was very, very amazing. It was really well-attended and the people who came were very supportive," Alysha Mohamed, a Juno-nominated singer who goes by the stage name Alysha Brilla, told CBC News. At least 300 people showed up, she said. Brilla and her sisters, Tameera and Nadia Mohamed, said they were not wearing shirts while cycling in neighbouring Kitchener, Ont., on July 24 when a male officer drove up beside them and told them to cover up because it is the law. Women in Ontario have had the right to go topless in public since 1996, when the Ontario Court of Appeal overturned the conviction of Gwen Jacobs, a university student who went topless on a hot summer day in Guelph in 1991. The court found there was "nothing degrading or dehumanizing" about her decision to take off her shirt in public.
@In the USA, though the majority of states are top-free, some cities in those states have passed (unconstitutional) ordinances that annul the state's top free statute. In Canada, the law on public decency is found in Sections 173 and 174 of the Criminal Code. However, what constitutes an indecent act is not defined, and is open to interpretation by the courts. Topfreedom is allowed in Ontario, Sasketchawen and British Columbia following specific court cases on the matter but the case for topless equality has not been heard by the Canadian Supreme Court yet.
BBD should absolutely do the float on the German exchange. Keep it far away from wall street and bay street manipulators.
It's not rocket science. You will continue to hold part of trains through your existing BBD-B.TO shares. The other part will be held by public shareholders who participate in the ipo. If the ipo is successful and shares in the company do well, then the equity stake that continues to be held by BBD will also increase in value. This is unlike the recreational division sale, which was a full divestment by the firm, with proceeds from the sale received in cash.
@Bombardier Inc., which also makes planes, will retain significantly more than 50% of the unit, Mr. Bertling said. The company expects to float the stake in the fourth quarter in Frankfurt, though the exchange could change.
400-300=100. Another aspect to consider, as pointed out in the ICI-RC report, is the order lead time where BBD-B.TO, with a much smaller backlog, will be able to deliver planes sooner than BA or EADSF.
It's very disappointing to see USA under Obama is reaching out to Iran while Canada under Harper, through their unwavering strong support of Israel, is pushing Iran away. Attention Mr. Harper... it's the economy stupid.... Action Plan my #$%$.
@« On estime que l'Iran a besoin d'environ 400 appareils, des avions courts porteurs et longs porteurs. Donc, les CSeries de Bombardier peuvent être une option », dit M. Shahbalizar.
@"We will purchase planes from Boeing and Airbus in equal numbers," Khodakarami was quoted as saying, adding that Iran would initially need to add at least 80 planes to its fleet each year. That would mean a total of 300 planes within five years, he added.
You should show respect to all civilized peoples. Cultural differences are an integral part of human nature and history and if people prefer to live differently from what you view as 'normal' then tolerance towards their choices is one aspect of what constitutes being civilized. The few Iranians I know (both men and women) are quite proud of their nation, in spite of what outsiders perceive as suppression of human rights. I would venture that countries like Saudi Arabia are far more extremist in their views towards women than Iran. Of course, until you live in any of these nations you really can't have a pulse on the thinking of the people there.
I am no fan of religions, but Iran is quite possibly a cradle of civilization and religion and politics aside, that deserves some modicum of respect. Your mocking commentary only reveals a narrow-minded thinking and lack of respect for the rights of nations to pursue a peaceful path to prosperity. Open your eyes and recognize who the real warmongers are.
that is mighty hot. too hot to be fighting wars. hang up the guns and nukes... time to cool out
Big #$%$ shiat... the real question is what are you gonna DO about it... huh pudface?