Your post on July shipping was clearly stated, but some readers have other things dominating their mind when they respond. Oh well, please keep up the good and useful tracking!
Vale just announced a reduction in its iron mining and a resulting jump in iron and steel stock prices on the news. We may be at the bottom of the iron oversupply problem. Maybe better days coming for these companies.
All the more reason for shareholders (all are short termers since the inversion in February) to sell to Teva, jettison the BOD, and rename the stupid headquarters building. Hopefully the closing will be after February 2016 (long term).
You are not missing much, but a "midland success" would probably have something to do with Texas. So next time you will want to use "middling" to mean mediocre. Otherwise, nice post.
The conditional $0.23/share dividend must be paid today June 15th, since the Merck deal has not closed.
That will cost Merck KgG an extra $28 million.
A big thank you to all Sigma Aldrich employees for the terrific stock performance of the last twenty years!!! I used the products in research for 10 years, and then owned shares since 1995, with a basis around $9/sh. Thanks again Sigma people. You're the best!
For the past 3 1/2 years you have propelled this company from $20/share to a buyout bid of at least $82/share.
As for the senior executives and BOD, I'm still angry about the forced sale upon the inversion at $57/share. You idiots!!! I'll be happy to see you tossed overboard during the buyout.
I looked up the insider and major holders shares on the Yahoo Finance site, and was surprised to find only 1% of shares in this group and about 94% with institutions and funds. Is it possible that Coury and Bresch hold no shares in Mylan N.V.? Can't believe that! Someone please suggest a better way to look up the insider positions. Perhaps they only hold options? What's going on here?
SIAL Investor Relations won't even answer the question: will Sigma or Merck announce the date of the closing BEFORE the closing actually occurs? So here is what I have learned from other sources: the only remaining hurdle is approval by the EU Commission which investigates the effect of the merger on competition in the fields of commerce involved. Their deadline for action is June 1, 2015. The closing could come immediately after approval, with or without a pre-announcement. The next dividend for SIAL has an of-record date of June 1, 2015, and a payment date of June 15, 2015. The dividend was announced to be "conditional" on the timing of the closing. The conditions were ambiguously stated, in my opinion. Apparently shareholders might not get the next dividend, and the closing may be near to June 1, 2015. Approval appears likely since a European company is on the buy side, and the US FTC has already approved the merger. And the shareholders and BOD of SIAL have already signed off. Finally the current price of 139 is consistent with a high probability of closure at the agreed to 140 price.