>>> Tiger Globval - 13F

Tiger Global discloses updated portfolio positions in 13F filing: New ~1.7 mln share position in ABMD; increases position in HTZ, Z, and RH; closed ~6.7 mln share position in KO

Highlights from 2014 Q2 filing as compared to 2014 Q1 filing:

* New positions in: ABMD (~1.7 mln shares), EXAS (~2 mln), ZPIN (~1.2 mln) * Increased positions in: HTZ (to ~3 mln shares from ~0.7 mln shares), Z (to ~3.1 mln from ~1.6 mln), RH (to ~3.2 mln from ~1.3 mln) * Decreased positions in: FIS (to ~3.8 mln shares from ~6.3 mln shares) * Closed positions in: KO (from ~6.7 mln shares), CRI (from ~6.5 mln), GPS (from ~2.8 mln), MSI (from ~1.9 mln)

>>> Appaloosa : 13F

Appaloosa (David Tepper) discloses updated portfolio positions in 13F filing: Increased positions in GM, GOOG, FB; closed positions in JPM, MET, QCOM

Highlights from 2014 Q2 filing as compared to 2014 Q1 filing:

* New positions in: WFT (~2.7 mln shares), RYL (~1.1 mln) * Increased positions in: GM (to ~13.4 mln shares from ~8.3 mln shares), GOOG (to ~1.1 mln from ~0.4 mln), FB (to ~3.6 mln from ~0.5 mln), MAS (to ~6.2 mln from ~3.2 mln) * Closed positions in: JPM (from ~1.2 mln shares), MET (from ~1.1 mln), QCOM (from ~1 mln)

>>> Children Inv. : 13F

Childrens Investment discloses updated portfolio positions in 13F filing: New positions in TWC, CMCSA; closed position in FOXA

Highlights from 2014 Q2 filing as compared to 2014 Q1 filing:

* New positions in: TWC (~5.3 mln shares), CMCSA (~3.9 mln) * Closed positions in: FOXA (from ~5.9 mln shares)

>>> Omega Adv. 13F

Omega Advisors (Leon Cooperman) discloses updated portfolio positions in 13F filing: New ~1.3 mln share position in AAPL, increases position in SVU, closes ~2.7 mln position in ADT

Highlights from 2014 Q2 filing as compared to 2014 Q1 filing:

* New positions in: AAPL (~1.3 mln shares) KKR (~5.1 mln), NAVI (~10.1 mln), SEA (~1.1 mln) * Increased positions in: SVU (to ~7.8 mln shares from ~2.6 mln shares), OCN (to ~2.6 mln from ~0.2 mln), CMCSA (to ~2.2 mln from ~0.5 mln) * Decreased positions in: COF (to ~0.5 mln shares from ~1.6 mln shares), HAL (to ~2.2 mln from ~3.5 mln) * Closed positions in: ADT (from ~2.7 mln shares)

>>> Odey AM : 13F

Odey Asset Management discloses updated portfolio positions in 13F filing: Reduces position in BAC and DAL, increased position in UAL and MU

Highlights from 2014 Q2 filing as compared to 2014 Q1 filing:

* New positions in: CRUS (~1.6 mln shares) * Increased positions in: UAL (to ~1.9 mln shares from ~0.6 mln shares), MU (to ~1.6 mln from ~0.4 mln) * Decreased positions in: BAC (to ~5.7 mln shares from ~11.5 mln shares), DAL (to ~7.9 mln from ~12.3 mln) * Closed positions in: MAS (from ~1.5 mln shares)

>>> Berkshire Hathaway : 13F

Berkshire Hathaway discloses updated portfolio positions in 13F filing: New positions in CHTR and DNOW; lowered position in DTV, COP and PSX

Highlights from 2014 Q2 filing as compared to 2014 Q1 filing:

* New positions in: CHTR (~2.3 mln shares), DNOW (~1.8 mln) * Increased positions in: VZ (to ~15 mln shares from ~11 mln shares) * Decreased positions in: DTV (to ~23.5 mln shares from ~34.5 mln shares), COP (to ~1.4 mln from ~11.1 mln), PSX (to ~6.5 mln from ~9.7 mln) * Closed positions in: STRZA (from ~1.9 mln shares)

>>> Blue Harbour : 13F : RAX, AGCO, ISBC...

Blue Harbour Group discloses updated portfolio positions in 13F filing: New ~3.5 mln share position in RAX, closes ~2.6 mln share position in DV

Highlights from 2014 Q2 filing as compared to 2014 Q1 filing:

* New positions in: RAX (~3.5 mln shares), AGCO (~0.8 mln) * Increased positions in: ISBC (to ~16 mln shares from ~0.5 mln shares), RDC (to ~5 mln from ~0.8 mln), BWC (to ~7 mln from ~5.2 mln), AKAM (to ~4.8 mln from ~3.7 mln) * Closed positions in: DV (from ~2.6 mln shares), BRCD (from ~2.2 mln), CLS (from ~1.6 mln)

(BFW) *ELECTROLUX IN TALKS TO BUY GE APPLIANCES

BN 08/14 15:21 *ELECTROLUX SAYS NO ASSURANCES THAT AGREEMENT WILL BE REACHED
BN 08/14 15:20 *ELECTROLUX IN TALKS TO BUY GE APPLIANCES BUSINESS
BN 08/14 15:20 *ELECTROLUX SAYS NO ASSURANCES AGREEMENT WILL BE REACHED
BN 08/14 15:20 *ELECTROLUX SAYS NO PACT REACHED
BN 08/14 15:20 *ELECTROLUX: IN TALKS TO BUY GE APPLIANCES
BFW 08/14 15:20 *ELECTROLUX IN TALKS TO BUY GE APPLIANCES
BN 08/14 15:20 *ELECTROLUX IN TALKS TO BUY GE APPLIANCES
Electrolux in discussions to acquire GE Appliances
2014-08-14 15:20:03.634 GMT

AB Electrolux today confirmed that it is in discussions regarding a possible
acquisition of the appliances business of GE.
No agreement has been reached, and there can be no assurances that an agreement
will be reached. Any further announcements will be made in due course.
For further information, contact Electrolux Press Hotline, +46 8 657 65 07.

Electrolux discloses the information provided herein pursuant to the Securities
Market Act and/or the Financial Instruments Trading Act. The information was
submitted for publication at 17.20 CET on Aug 14, 2014
Electrolux is a global leader in home appliances, based on deep consumer insight
and developed in close collaboration with professional users. We offer
thoughtfully designed, innovative solutions for households and businesses, with
products such as refrigerators, dishwashers, washing machines, cookers, vacuum
cleaners, air conditioners and small domestic appliances. Under esteemed brands
including Electrolux, AEG, Zanussi, Frigidaire and Electrolux Grand Cuisine, the
Group sells more than 50 million products to customers in more than 150 markets
every year. In 2013, Electrolux had sales of SEK 109 billion and 61,000
employees. For more information go to http://group.electrolux.com.

This information was brought to you by Cision http://news.cision.com
The following files are available for download:
http://mb.cision.com/Main/1853/9628321/274902.pdf

Provider ID: 64M04E6L


-0- Aug/14/2014 15:20 GMT

(FT) Carillion / Balfour Beatty: hard hats

Carillion / Balfour Beatty: hard hats
Mooted deal between UK builders does not look attractive


Cost savings are the best, and usually the only, reason for companies to combine. But it does not follow that every deal offering savings is a good one. The increasingly bitter dalliance of Carillion and Balfour Beatty (billed as a merger, btu it would be an acquisition of the latter by the former) shows why. The two builders have been talking on and off for months, but have started to trade barbs about the likelihood of a deal. Carillion is keen; Balfour Beatty less so. Balfour should win the argument.

First, the cost savings. Carillion promises £175m, which is 16 per cent of the combined operating cost base. It puts the taxed and capitalised value of the savings at £1.5bn, and although that looks a little generous, it does suggest that lots of value could be added to the combined £3.1bn market cap. Carillion has made acquisitions before – Mowlem in 2006 and Alfred McAlpine in 2008 – so knows about integration.

But they were smaller deals, which points to the first problem with the pursuit of Balfour Beatty: scale. With £8.7bn of revenue Balfour is over twice the size of Carillion. This would be a huge deal to digest. The second problem is the state of the target. Balfour Beatty has had an awful year dominated by profit warnings and poor results. How much does Carillion’s management really know about what is inside Balfour Beatty or about how easy it will be to deliver the savings?

There is no need for Carillion to get involved with Balfour. It has done nicely enough since the crisis by taking risk out of its construction business. Its share price is up 93 per cent since the depths of the crisis; Balfour’s is up 7 per cent. Warren Buffett has opined on what happens when good management teams meet poor companies (the latter prove decisive). This is an unnecessary, risky pursuit of scale for its own sake. Carillion should abandon it.