Stock went from $4.12 to $4.06 on the news.
The current wave of corporate takeovers and mergers is set to grow, with the appetite for deals among executives hitting a five-year high thanks to a strong dollar and low oil prices, a global survey found Monday.
U.S. military spending may be flat, but that’s not proving to be much of a problem for Israeli defense company Elbit Systems Ltd.
When they say “upcoming reimbursement of the secured loan” means that that date has not come yet and GS still has the patents. The upcoming issuing of the new stock is plan.
I think the issuing of the new stock will be used to pay down debt and pay off the $2.1B loan that GS is holding for the patents. Of course this will dilute the stock price.
ALU will have to work out some sort of deal with GS on the wireless patents that they hold for this deal to go through. All that I Google shows GS still holds the patents for the $2.1B loan.
Building up war chest? And ALU is up for some unknown reason.
GE to Exit Most Finance as Real Estate Sold for $26.5 Billion
GE near deal to sell $30B real estate portfolio
They can not settle on an amount for this deal. The numbers are all over the place.
China will build a pipeline to bring natural gas from Iran to Pakistan to help address Pakistan’s acute energy shortage, under a deal to be signed during the Chinese president’s visit to Islamabad this month, Pakistani officials said.