The earth is adaptive. No need to worry.
@@@@@No longer the darling of the green movement, Lovelock explains himself More than 30 years ago, James Lovelock proposed “the Gaia theory,” which posits that Earth is a self-regulating organism, with life forms that manage the planet’s chemical composition to sustain their own existence. This idea, together with his support for action against climate change, made him a darling of the environmental movement. Today, though, the 94-year-old scientist and inventor is something of a contrarian, earning enemies for his support of nuclear power, his opposition to wind turbines and solar panels, and his disdain for “greens.” His new book, A Rough Ride to the Future, introduces a new theory – that the invention of the Newcomen steam engine in 1712 triggered a phase of “accelerated evolution” – but also settles old scores.
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.
Looks like a guardian angel is hovering over S.TO shareholders and blocking any idiotic new moves by management
@@@@@A native title ruling could throw a shadow over BHP Billiton’s attempts to sell its Nickel West assets, after the Federal Court ruling last week paved the way for native title claims over BHP’s Kambalda nickel concentrator and Gold Fields’ St Ives mine. In a decision released last week, the Federal Court ruled that the transfer of mining tenements from State Agreements between 2004 and 2007 should have triggered negotiations for a land use agreement with the Ngadju people, who claim native title over the region around Norseman and Kambalda. The ruling covers more than 200 mining leases transferred from State agreements originally held by Western Mining Corporation.
Oops missed the last part of the report, but the rail link idea was thrown out by the railway company a while back already.
@@@@@Other plans to help the coalminer include providing monopoly Russian Railways (RZhD) with the funds to buy the rail link to the Mechel's key Elga project for up to 70 billion roubles ($2 billion). ($1 = 33.9670 Russian Roubles) (Reporting by Alessandra Prentice, Editing by Timothy Heritage)
Uh pippi, VEB most certainly did say this, at least according to this Reuters report today.
@@@@@MOSCOW, July 9 (Reuters) - Russian state-owned development bank Vnesheconombank (VEB) said on Wednesday it would not take part in a bailout of indebted miner Mechel, extinguishing hopes for a convertible bond scheme that was seen as its most likely lifeline. In June Economy Minister Alexei Ulyukayev said the government was considering implementing a 180-billion rouble ($5.3 billion)scheme that would involve a convertible bond, which could be purchased by state development bank Vnesheconombank, or VEB. However on Wednesday VEB chairman Vladimir Dmitriev ruled out the bank participating in the bailout or any other plan to save Mechel, Itar-Tass news agency reported. "We at the bank have taken the decision not to participate in the suggested schemes to save Mechel. The suggested schemes would be loss-making for the bank," Dmitriev was quoted as saying.
Exactly. Whether or not both shoes drop at the same time (complex deal where BTI injects capital into RAI and RAI buys LO) or one shoe (BTI buys RAI) drops then later the other (BTI-RAI buys LO), the end result is LO gets taken out. USA tobacco industry is primed for consolidation.
No. I think the strategy is to continue to supply all the chips their fast-growing lighting division needs while avoiding the large capital outlay required to increase wafer fab capacity until such time as that internal demand clearly justifies it. The reduction in chip supply to competitors is a side effect.