>>> US Early premarket gappers

Early premarket gappers

Gapping up: CADC +42%, ABGB +23.1%, HBI +16.5%, OXGN +12.1%, AGN +5.2%, TTM +4.5%, JD +4.4%, ACT +2.9%, PT +2.3%, WFT +1.4%, GG +1.4%, ALU +1.0%

Gapping down: GSAT -12.5%, DNR -11%, DWA -8.3%, HMY -5.2%, ODP -4.4%, HAL -4.0%, NBG -3.6%, TSEM -2.9%, JRJC -2.7%, PBR -2.6%, AZN -2.6%, LOCO -2.1%, NOK -2.0%, AU -2.0%, PFE -1.9%, SNE -1.4%, LNKD -1.3%, SAN -1.2%, TM -1.1%, BSBC -1.1%, STO -1.0%, SLV -1%, GOLD -1%, TWTR -1.0%, TOT -0.9%, BP -0.8%

(BFW) Bundesbank Says German Economy to Lack Momentum for Rest of 2014

Bundesbank Says German Economy to Lack Momentum for Rest of 2014
2014-11-17 11:00:00.8 GMT


By Alessandro Speciale
Nov. 17 (Bloomberg) -- “Gloomier expectations and stagnant
orders point to economic development lacking momentum at least
until the end of 2014,” Bundesbank says in monthly report
published today
* “The expansionary path of the German economy has
fundamentally flattened since the start of the year”
* “Cyclical slowdown comes from the manufacturing industry”
* “Positive effects could come from other external factors
such a considerable depreciation of the euro and a steep
fall in oil prices”
* “The dynamism of the domestic economy can as before be
supported by private consumption, because of the good
condition of the labor market, strong immigration and
significant wage increases”
* Outlook for public finances next year is for a “limited”
deficit in consequence of probable higher social spending
* “A still-high debt ratio and unfavorable demographic
developments also speaks for Germany’s pursuit of a
structurally balanced budget in the medium term”
* A debt-financed German stimulus package would not be
“productive” and infrastracture investment can be financed
without new debt
* NOTE: German and French Economies Rebound as Italian Slump
Persists NSN NF0W1I6JTSE8<GO>


For Related News and Information:
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To contact the reporter on this story:
Alessandro Speciale in frankfurt at +49-69-9204-1201 or
aspeciale@bloomberg.net
To contact the editor responsible for this story:
Fergal O’Brien at +44-20-7330-7152 or
fobrien@bloomberg.net

>>> FT conf : shire is talking

*SHIRE'S ORNSKOV SAYS PHARMA MERGERS TO CONTINUE *SHIRE CEO SEES M&A CONTINUING, ESPECIALLY IN SPECIALTY PHARMA *SHIRE CEO: SCALE, EFFICIENCY, LACK OF INNOVATION DRIVING DEALS *SHIRE SAYS M&A ALSO DRIVEN BY LOW RATES, EAGER LENDERS

(BFW) SABMiller May Announce a Soft Drinks Deal Soon, Citi Says

SABMiller May Announce a Soft Drinks Deal Soon, Citi Says
2014-11-17 09:32:13.364 GMT


By Heather Burke
Nov. 17 (Bloomberg) -- SABMiller 1H results were
disappointing, a soft drinks deal may be announced soon, Citi
says in note (neutral).
* Soft drinks are becoming a more strategic part of
SABMiller’s business as tougher to expand beer sales,
especially in emerging mkts, there are fewer future merger
opportunities, its closer relationship with Coke makes a
possible purchase of SABMiller by AB InBev trickier
* AB InBev/SABMiller deal most likely beer M&A
* SABCO, one of Coca-Cola’s biggest African bottlers, may be a
good fit for SABMiller
* Cuts PT to 3,800p vs 3,900p
* NOTE Nov. 12: SABMiller, Coca-Cola to Form New Company in
Africa: Sky News
* NOTE Nov. 14: AB InBev CEO Says He’s Open to Making
Acquisition at Right Price

For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>

To contact the reporter on this story:
Heather Burke in London at +44-20-7673-2044 or
hburke2@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net

>>> FCC shareholders Koplowitz and Soros told any shareholder pact would require

FCC shareholders Koplowitz and Soros told any shareholder pact would require full takeover offer – report (translated)

FCC shareholders Esther Koplowitz and George Soros have been told any shareholder pact they sign will require the launch of a takeover bid, El Confidencial reported yesterday, 16 November.

The CNMV, the Spanish market regulator, has reportedly opposed a plan drawn up by the parties to enter into a shareholders’ agreement that would, in effect, protect FCC from any hostile takeover bid, the report said, citing people with knowledge of the situation.

If the shareholders go through with the plan, they will be required to launch a full takeover offer at a significantly higher price than FCC’s current share price so as not to prejudice the interests of minority shareholders, the report said.

It was reported on 14 November that Soros had reached an agreement with B-1998, Koplowitz’s investment vehicle, to begin exclusive talks to acquire Koplowitz’s subscription rights in a share sale.


Source El Confidencial