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Moody's Investors Service ("Moody's") comments that Suzano Papel e Celulose S.A.'s (Ba1, stable) conclusion of Fibria Celulose S.A.'s (Ba1, stable) acquisition on January 14, 2019 is credit positive. The BRL 39 billion ($10.5 billion) transaction will enhance Suzano's's credit quality with long-term benefits in terms of scale, size, financial flexibility and meaningful operating synergies. This publication does not announce a credit rating action.
Brazil paper and wood pulp producer Suzano Papel e Celulose SA issued 255,437,439 new common shares as part of the process to incorporate rival Fibria Celulose SA, according to a securities filing on Thursday. ...
The government requires hedge funds and wealthy investors with over a certain portfolio size to file a report that shows their positions at the end of every quarter. Even though it isn’t the intention, these filings level the playing field for ordinary investors. The latest round of 13F filings disclosed the funds’ positions on September […]
During the first half of the fourth quarter the Russell 2000 ETF (IWM) lagged the larger S&P 500 ETF (SPY) by about 4 percentage points as investors worried over the possible ramifications of rising interest rates. The hedge funds and institutional investors we track typically invest more in smaller-cap stocks than an average investor (i.e. […]
Brazilian cement company Votorantim Cimentos SA said on Monday it has named the chief executive of pulpmaker Fibria Celulose SA to take over its global operations. Marcelo Castelli will assume the position ...
** Britain's Whitbread Plc said that Chinese authorities have approved the sale of its Costa coffee chain to Coca-Cola. ** Jack in the Box Inc, a U.S. hamburger restaurant chain with more than 2,000 restaurants, is exploring options that could include a sale of the company after divesting its Qdoba brand earlier this year, people familiar with the matter told Reuters. ** Elliott Management Corp, the activist hedge fund that sits on Arconic Inc's board, is working to address potential liabilities weighing on the sale process for the U.S. aluminum products maker, according to people familiar with the matter.
Brazilian pulp and paper producer Suzano Papel e Celulose secured conditional EU regulatory approval on Thursday to buy Fibria Celulose to create the world's biggest wood pulp producer. The European Commission said Fibria had agreed to end its exclusive sales deal with Brazilian peer Klabin, and help create a competitor in Europe, to address EU antitrust concerns. Fibria has acted as the exclusive sales agent for all sales of bleached eucalyptus kraft pulp - an input to the paper, tissue and packaging industry - produced by Klabin outside South America.