Another factor to consider is that RAI and LO market caps have both moved up by roughly 30% since news about a possible deal broke back in the spring. So if RAI offer is a stock/cash mix, then LO shareholders will want a premium based on relative value of the market caps and that relative value has not changed appreciably. Like I stated before, LO was generally viewed as undervalued relative to peers like RAI (primarily because LO was growing revenues), and still remains so with respect to the group, even after the runup. I still think 75 is going to be the offer price for this reason.
As far as a 2% discount to merger price, until the merger price has been established through a formal offer there is no discounted price to run up to. Once the offer has been put forward. then yes, the stock will slowly close in on that price.
because next winter is shaping up to be brutal
@@@@@Thursday, July 10, 2014 Upcoming Winter Shaping Up Similar to Last Winter; 2014-2015 Could Be More Severe Note: The idea of this winter being more severe than last is a preliminary finding based on the work presented in this post. It is by no means set in stone, and is subject to revision. After a look back at July 2013, I'm finding that July 2014 sea surface temperature anomalies are not only similar to last July, but could be foreshadowing a more severe winter than last.
Except that back when it was 18B LO was generally perceived as undervalued in the sector, so this is not really a 30% premium at the current price, and I would think that on this basis a higher price is expected for shareholder approval of any deal. I suspect that is how the WF analyst sees this too, hence the expectation of ~75.
Huh? Trading at ~255 now and that's only off by ~5%, which is quite reasonable considering no deal has been finalized yet.
and just how do you know that? do you have a set of those those special spectrum goggles that let you see any aliens that are hanging around? sheesh.
Aliens, religion, and finance. That's quite a mix ya got going there Loony. Heck, it's even better than the Vodka Martinis I like to make on occasion
The tea leaves I see (put selling) say minimum of 70... but as far as maximum I don't know. What indicators are you using to make your call?
Well if there's a deal Monday i'd expect it to be announced before London markets open since BTI is in the mix. I wonder what price the big shareholders of LO want for their votes.
NFL winners also get a lousy replica. Actually it's even worse than that since each replica is an exact duplicate... at least there is only one proper world cup.
Personally, I think proper respect and appreciation of what a trophy cup truly represents happens when there's only the original (like the Stanley Cup) that gets passed down from one winning team to the next each year.
@@@@@Unlike trophies such as the Stanley Cup and the Grey Cup, a new Vince Lombardi Trophy is made every year and the winning team maintains permanent possession of that trophy
You mean a ring like the one Putin got? He wasn't all that impressed with it, and offered to give the team a truly luxurious ring seeing that they can't afford to spring a lousy 25k for another one.
@@@@ “You know, I don’t remember either Mr. Kraft, or the ring,” Putin said, according to Russia’s Interfax news agency, adding that he only remembers some “souvenirs.”“But if it is such a big treasure for Mr. Kraft and the team,” Putin continued with an air of sarcasm, “I have a suggestion.” His idea: to make the Patriots another ring, one so luxurious they’ll forget about the one that Kraft claims Putin pocketed during their 2005 meeting. “I will ask one of our businesses to make a really good and big thing, so everyone will see it is a luxury piece, made of quality metal and with a stone, so this piece will be passed from generation to generation in the team,” the Russian president said during a question and answer session after a major economic speech in St Petersburg. Reports from 2005 estimated its value at over $25,000.
I wonder how my little Cuban oil producer S.TO will react to this news? They, too, have oil expansion projects in the works.
Yes, the world must wait until the World Cup is decided before embarking on any new actions.
Unless another potential buyer steps up to the plate. Now we will quickly see just how valuable SHPG is to the pharma world.
@@@@(Reuters) - Shire Plc is seeking a higher takeover offer from U.S. drugmaker AbbVie Inc that would value the company at about 31 billion pounds ($53 billion), according to people familiar with the matter. Shire, which on Friday confirmed it has met with AbbVie to discuss a takeover, had asked AbbVie to sweeten its offer to close to 53 pounds per share in order to get blessing from the Dublin-based maker of drugs for rare diseases, the people said. Shire's asking price is not far above AbbVie's latest 51.15 pounds per share bid and the relative small valuation gap suggests the two sides may be getting closer to agreeing on a deal.
In the event of a buyout of SBMRY by BUD, could TAP profit from antitrust-triggered divestments? Also, will a buyout force MO to declare capital gains, or is there a way to arrange this deal so that MO keeps an equity stake in the combined company?
@@@@@Talk about a merger between Anheuser-Busch InBev (BUD) and SABMiller (SBMRY) has picked up again this summer with many industry insiders forecasting a deal between the beer giants will be completed this year or in 2015.