(BFW) BlackBerry Buys German Anti-Eavesdropping Tool Used by Merkel

BN 07/29 13:00 BlackBerry Buys German Anti-Eavesdropping Tool Used by Merkel
BlackBerry Buys German Anti-Eavesdropping Tool Used by Merkel
2014-07-29 13:03:05.783 GMT


By Scott Moritz and Gerrit De Vynck
July 29 (Bloomberg) -- BlackBerry agreed to buy Secusmart
GmbH, a provider of anti-eavesdropping technology whose clients
include German officials such as Chancellor Angela Merkel
* BBRY confident Germany will approve the sale

Story Link:NSN N9FYJB6TTDS8<GO>

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--With assistance from Rainer Buergin in Berlin.

To contact the reporter on this story:
Brad Skillman in New York at +1-212-617-2763 or
bskillman1@bloomberg.net
To contact the editors responsible for this story:
Brad Skillman at +1-212-617-2763 or
bskillman1@bloomberg.net

>>> US Gapping down

Gapping down
In reaction to disappointing earnings/guidance: MERU -16.3%, AFOP -14.4%, HLF -11.8%, TTS -8.6%, GNC -7.9%, NCLH -3.8%, UPS -3.1%, PCL -2.9%, WYNN -2.8%, ETN -2.7%, RYN -1.9%, BP -1.6%, AET -1.5%, LXRX -1.4%, EMN -0.8%, WM -0.8%, TLM -0.6%.

Select solar names showing weakness: YGE -2.9%, JASO -1.9%, JKS -1.1%, CSIQ -0.9%.

Other news: TRGT -24% (to discontinue TC-5214 overactive bladder program; TC-5214 demonstrated mixed results on the co-primary endpoints), KBIO -11.9% (provided update on KB001-A partnership and clinical status; regains global rights to KB001-A from Sanofi Pasteur; announces completion of enrollment in KB001-A Phase 2 cystic fibrosis study), LOCO -8.7% (continued crazi-ness trade in pre-mkt activity), TCPC -3.4% (announced public offering of 5.4 mln common shares), SPEX -3.4% (announces summary of the co's legal proceedings), BDN -3.2% (commenced public offering of 18 mln common shares), ITC -2.7% (still checking), PT -1.3% (still checking), CRWS -1.2% (announced licensing agreement with Carter's (CRI) for infant bedding), ASML -1.2% (STM peer, potentially related to STM downgrade).

Analyst comments: HZNP -3.8% (downgraded to Neutral from Overweight at Piper Jaffray), PCL -2.9% (downgraded to Mkt Perform from Outperform at Raymond James), STM -1.3% (downgraded to Underperform from Mkt Perform at Bernstein), AWI -1.3% (removed from Conviction Buy list at Goldman), DLTR -1.2% (downgraded to Mkt Perform from Outperform at BMO Capital Mkts), THOR-1.1% (downgraded to Market Perform from Outperform at Wells Fargo).

(BN) *SSAB TO OFFER EU11.24/SHR IN CASH IN COMPULSORY REDEMPTION

BN 07/29 12:31 *SSAB TO OFFER EU11.24/SHR IN CASH IN COMPULSORY REDEMPTION
BN 07/29 12:31 *SSAB TO START COMPULSORY REDEMPTION FOR RAUTARUUKKI SHARES
SSAB to commence a compulsory redemption proceeding in respect of remaining Rautaruukki shares; price to be offered EUR 11.24
2014-07-29 12:30:09.195 GMT

This stock exchange release may not be published or distributed, in whole or in
part, directly or indirectly, in the United States of America, Australia,
Canada, Hong Kong, Japan, New Zealand, South Africa or any other country where
such publication or distribution would violate applicable laws or rules or would
require additional documents to be completed or registered or require any
measure to be undertaken, in addition to the requirements under Finnish and
Swedish law. For further information, please see “Important notice” in this
stock exchange release.
SSAB AB (publ) (“SSAB”) announced earlier today that it will complete the
share
exchange offer to Rautaruukki Corporation’s (“Rautaruukki”) shareholders.

In accordance with the terms and conditions of the share exchange offer, title
to 95.1 percent of Rautaruukki’s shares and votes has now transferred to SSAB.
As a result, SSAB has today informed Rautaruukki that the redemption right and
obligation under the Finnish Companies Act in respect of the Rautaruukki shares
held by minority shareholders has arisen.

SSAB intends to initiate arbitral proceedings as provided in the Finnish
Companies Act as soon as possible to complete the compulsory redemption of the
shares in Rautaruukki held by minority shareholders. In such compulsory
redemption proceeding, SSAB will offer EUR 11.24 in cash for each Rautaruukki
share, which corresponds to the market value in euro of SSAB’s class A and
class
B shares offered as consideration for Rautaruukki shares in the share exchange
offer on July 22, 2014, the final day of the offer period.

For further information, please contact:

Andreas Koch, Head of Investor Relations, +46 8 45 45 729,
andreas.koch@ssab.com

This information is published by SSAB pursuant to the requirements of the
Finnish Securities Market Act and the Swedish Securities Market Act. Submitted
for publication at 2.30 pm CET, July 29, 2014.

Important notice

This release may not be released or otherwise distributed, in whole or in part,
in or into the United States of America, Australia, Canada, Hong Kong, Japan,
New Zealand, South Africa or any other jurisdiction where prohibited by
applicable laws or rules. This release is not a share exchange offer document or
a prospectus and as such does not constitute an offer or invitation to make a
sales offer. Investors shall accept the share exchange offer for the shares only
on the basis of the information provided in the share exchange offer document
and prospectus in respect of the share exchange offer. Offers will not be made
directly or indirectly in any jurisdiction where either an offer or
participation therein is prohibited by applicable law or where any exchange
offer document or registration or other requirements would apply in addition to
those undertaken in Finland and Sweden.

The share exchange offer document and prospectus in respect of the share
exchange offer as well as related acceptance forms will not and may not be
distributed, forwarded or transmitted into, in or from any jurisdiction where
prohibited by applicable law. In particular, the share exchange offer is not
being made, directly or indirectly, in or into, Australia, Canada, Hong Kong,
Japan, New Zealand, South Africa or, subject to certain exceptions, the United
States of America. The share exchange offer cannot be accepted from within
Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or, subject to
certain exceptions, the United States of America.

The SSAB shares have not been and will not be registered under the U.S.
Securities Act of 1933, as amended (the “Securities Act”), or under any of
the
relevant securities laws of any state or other jurisdiction of the United States
of America. The SSAB shares may not be offered or sold in the United States of
America, except pursuant to an exemption from the Securities Act or in a
transaction not subject to the registration requirements of the Securities Act.

It should be noted that certain statements herein which are not historical
facts, and statements preceded by “expects” or similar expressions, may be
forward-looking statements. These statements are based on current decisions and
plans and currently known factors. They involve risks and uncertainties which
may cause the actual results to materially differ from the results currently
expected.

This information was brought to you by Cision http://news.cision.com
The following files are available for download:
http://mb.cision.com/Main/980/9621645/270370.pdf Press release (PDF)

Provider ID: 64LV93QT


-0- Jul/29/2014 12:30 GMT

>>> US Gapping up

Gapping up
In reaction to strong earnings/guidance: CAMT +17.8%, CGNX +14.3%, SIMO +11.4%, GIG +10.3%, PGTI +9.5%, HLS +8.3%, MAS +7.9%, IDTI +7.2%, XYL +6.4%, CVLT +5.6%, MSTR +4.8%, KLIC +4.4%, DIN +4.1%, SIRI +3.8%, UTHR +3.5%, SAVE +3.4%, LVLT +3%, YNDX +2.8%, AMKR +2.7%, AIXG +2.7%, HW +2.2%, MHFI +2.1%, CYNO +1.7%, ALLY +1.6%, RRC+1.5%, XL +1.5%, ACI +1.4%, SAN +1.3%, MRK +1.1%, AGNC +1%, RAI +1%, MVNR +0.9%, MMC +0.9%, PFE +0.7%, .

Select EU periphery banks/financial related names showing strength: IRE +2.8%, SAN +1.3%, BBVA +1%.

Select renewable energy stocks trading higherfollowing PLUG news: FCEL +5%, BLDP +2.1%, CPST +1.4%.

Other news: GEVO +24.2% (higher follo(announced side-by-side operation of Luverne Plant on track; co producing both isobutanol and ethanol),wing CEO appearance on CNBC; CEO was very positive on co's drug for the treatment of hepatitis B), ARWR +9.3% (higher following CEO appearance on CNBC; CEO was very positive on co's drug for the treatment of hepatitis B), PLUG +8.3% (Walmart (WMT) expands commitment to Plug Power Hydrogen Fuel Cells with GenKey order for seventh N. American distribution center), WIN +7.4% (to spin off assets into publicly traded REIT), IDTI +7.2% (announced that an IDT wireless power receiver was incorporated on LG's latest flagship G3 smartphone; co also reported earnings), KBH +4.4% (still checking), DRI +4% (announced Clarence Otis will step down as Chairman and CEO; Board separated Chairman and CEO roles and appointed Charles Ledsinger, Jr. Independent Non-Executive Chairman of the Board), APTS +1.9% (announced agreement to acquire 1,397 multifamily units), PSDV +1.4% (announced ILUVIEN receives marketing authorization in Norway and approval for reimbursement in Portugal).

Analyst comments: MSTR +4.8% (upgraded to Mkt Outperform from Mkt Perform at JMP Securities), SBH +2.5% (upgraded to Buy from Neutral at Citigroup), PCYC +2.3% (upgraded to Outperform from Mkt Perform at Leerink Partners), COST +2% (upgraded to Buy from Neutral at Goldman; added to Conviction Buy list ), BCS +1.5% (upgraded to Buy from Add at Numis), XL +1.5% (added to Best Ideas list at Morgan Stanley), ZION +1% (upgraded to Mkt Perform from Underperform at Bernstein), FGP +0.8% (upgraded to Neutral from Sell at Citigroup)

>>> US Early premarket gappers

Early premarket gappers
Gapping up: GEVO +21%, ARWR +15.2%, CGNX +14.2%, PLUG +12.3%, SIMO +9.2%, HLS +8.9%, IDTI +8.2%, IDTI +8.2%, AMKR +7.1%, MAS +6%, AET +4.9%, DRI +3.6%, SIRI +3.6%, AIXG +2.7%, SAVE +2.6%, YNDX +2.5%, HW +2.2%, UTHR +2.2%, APTS +1.9%, HCA +1.9%, MSTR +1.8%, KLIC +1.7%, RRC +1.5%, XL +1.5%, PSDV +1.4%, RYN +1.4%, PFE +1.3%,HMC +1.2%, SAN +1.1%, MRK +1.1%, SAN +1.1%, TLM +1.1%, BBVA +1%, MVNR +0.9%, WYNN +0.9%, AGNC +0.8%, BCS +0.7%

Gapping down: TRGT -24%, MERU -16.3%, KBIO -11.9%, AFOP -11.4%, HLF -11%, TTS -8.6%, LOCO -5.5%, NCLH -3.8%, GNC -3.4%, BDN -3.2%, TCPC -3.2%, PCL -3%, PT -1.7%, BP -1.4%, LXRX -1.4%, SDRL -1.3%, CRWS -1.2%, ASML -1.2%, JKS -1.1%, UBS -1.1%, WMT -0.9%, WM -0.8%