--> Stock lower
{KO US Equity GIP<GO>}
ONE 06/17 13:23 UNIBAIL-RODAMCO SE: Final terms of the ORNANE due July 1, 2021
BN 06/17 13:24 *UNIBAIL SETS NOMINAL VALUE PER BOND AT 288.06 EUROS
BN 06/17 13:23 *UNIBAIL-RODAMCO SE: FINAL TERMS OF ORNANE DUE JULY 1, 2021
BN 06/17 13:24 *UNIBAIL SETS NOMINAL VALUE PER BOND AT 288.06 EUROS
BN 06/17 13:23 *UNIBAIL-RODAMCO SE: FINAL TERMS OF ORNANE DUE JULY 1, 2021
Unibail Prices Convertible Bonds at EU288.06 in EU500M Sale
2014-06-17 13:27:37.767 GMT
By David Whitehouse
June 17 (Bloomberg) -- Co. says bonds to be offered to the
public in France from June 18 to June 20.
* Issue and settlement date expected to be June 25, co. says.
Link to Statement:{NSN N7BEIN3V2801 <GO>}
Link to Company News:{UL NA <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the editor responsible for this story:
David Whitehouse at +33-1-5365-5059 or
dwhitehouse1@bloomberg.net
2014-06-17 13:27:37.767 GMT
By David Whitehouse
June 17 (Bloomberg) -- Co. says bonds to be offered to the
public in France from June 18 to June 20.
* Issue and settlement date expected to be June 25, co. says.
Link to Statement:{NSN N7BEIN3V2801 <GO>}
Link to Company News:{UL NA <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the editor responsible for this story:
David Whitehouse at +33-1-5365-5059 or
dwhitehouse1@bloomberg.net
Coca-Cola Co Fox News's Bartiromo talks with Wintergreen Advisors about possibility of Berkshire Hathaway taking Coca-Cola private
- Wintergreen Advisors believes that Berkshire Hathaway (9% holder) is looking to take Coca-Cola private
- Wintergreen Advisors would not be surprised if shares of Coca-Cola traded north of $50/shr
Coca-Cola Co Fox News's Bartiromo talks with Wintergreen Advisors about possibility of taking Coca-Cola private
Gapping up
In reaction to strong earnings/guidance: ANFI +27.7%, SYUT +6.9%, YGE +3.4%, EZPW +0.6% (also announces private offering of $175 million of cash convertible senior notes due 2019), .
M&A related: GTIV +3.9% (Kindred Healthcare to commence all-cash tender offer to acquire all outstanding shares of Gentiva Health Services for $14.50/share), NUAN +2.3% (ongoing M&A speculation; Media speculation that NUAN is seeking a strategic sale - Oppenheimer envisions $25-30 range), MDT +2.7% (ongoing M&A speculation; positive Barrons mention; multiple analyst upgrades).
A few India related names are trading higher: REDF +4.1%, IBN +2%, SSLT +1.9%, INFY +1.5%, TTM +1.4%
Other news: SAEX +6.4% (announces $150 mln senior secured notes offering), EW +5.6% (announces launch of SAPIEN XT valuve in the U.S.), DARA +4.7% (announced leadership transition; current President and COO Christopher Clement named CEO), MU +2.5% (Micron and SK Hynix may invest in SSD controller IC designers in Taiwan, according to reports), GWPH +1.7% (announces physician reports of Epidiolex treatment effect in children and young adults with treatment-resistant epilepsy from physician-led expanded access treatment program; Data show promising signals), SPEX +1.6% (set to Join Russell Microcap Index), VRTX +1.4% (announces a signed letter of intent to enable public reimbursement of KALYDECO (ivacaftor) in Canada for eligible people with cystic fibrosis), UVE +1.1% (announces authorization of new $10 million share repurchase program), STM +0.9% and SAP +0.8% (still checking), TEVA +0.8% (announced that it has reached settlements with Sandoz, Actavis (ACT), Lupin and Apotex with respect to U.S. Patent 7,132,570), PSEC +0.7% (COO disclosed a 24K common stock purchase at $10.28/share), WFT +0.5% ( announces registration of merger in commercial register of the Canton of Zug ), AAPL +0.3% (Apple has reached a settlement over e-books, according to reports), RDS.A +0.3% (Royal Dutch Shell further reduces its interest in Woodside), TWTR +0.3% (Research suggests that TWTR ads help sales of products, according to reports), WMGI +0.2% (announces commercial launch of INFINITY Total Ankle Replacement System), WMB +0.1% (announces $3 bln Public Offering of Common Stock; also upgraded at Deutsche).
Analyst comments: DSW +2.3% (upgraded to Buy from Neutral at Goldman), LAZ +1.6% (upgraded to Buy from Neutral at UBS)
M&A related: GTIV +3.9% (Kindred Healthcare to commence all-cash tender offer to acquire all outstanding shares of Gentiva Health Services for $14.50/share), NUAN +2.3% (ongoing M&A speculation; Media speculation that NUAN is seeking a strategic sale - Oppenheimer envisions $25-30 range), MDT +2.7% (ongoing M&A speculation; positive Barrons mention; multiple analyst upgrades).
A few India related names are trading higher: REDF +4.1%, IBN +2%, SSLT +1.9%, INFY +1.5%, TTM +1.4%
Other news: SAEX +6.4% (announces $150 mln senior secured notes offering), EW +5.6% (announces launch of SAPIEN XT valuve in the U.S.), DARA +4.7% (announced leadership transition; current President and COO Christopher Clement named CEO), MU +2.5% (Micron and SK Hynix may invest in SSD controller IC designers in Taiwan, according to reports), GWPH +1.7% (announces physician reports of Epidiolex treatment effect in children and young adults with treatment-resistant epilepsy from physician-led expanded access treatment program; Data show promising signals), SPEX +1.6% (set to Join Russell Microcap Index), VRTX +1.4% (announces a signed letter of intent to enable public reimbursement of KALYDECO (ivacaftor) in Canada for eligible people with cystic fibrosis), UVE +1.1% (announces authorization of new $10 million share repurchase program), STM +0.9% and SAP +0.8% (still checking), TEVA +0.8% (announced that it has reached settlements with Sandoz, Actavis (ACT), Lupin and Apotex with respect to U.S. Patent 7,132,570), PSEC +0.7% (COO disclosed a 24K common stock purchase at $10.28/share), WFT +0.5% ( announces registration of merger in commercial register of the Canton of Zug ), AAPL +0.3% (Apple has reached a settlement over e-books, according to reports), RDS.A +0.3% (Royal Dutch Shell further reduces its interest in Woodside), TWTR +0.3% (Research suggests that TWTR ads help sales of products, according to reports), WMGI +0.2% (announces commercial launch of INFINITY Total Ankle Replacement System), WMB +0.1% (announces $3 bln Public Offering of Common Stock; also upgraded at Deutsche).
Analyst comments: DSW +2.3% (upgraded to Buy from Neutral at Goldman), LAZ +1.6% (upgraded to Buy from Neutral at UBS)
Gapping down
M&A news: KND -1% (to commence all-cash tender offer to acquire all outstanding shares of Gentiva Health Services for $14.50/share; launches 9 mln share offering of common stock), SHPG -3.1% (ongoing M&A speculation)
Select financial related names showing weakness: UBS -1.1%, DB -1%, BBVA -0.8% (downgraded to Equal Weight from Overweight at Barclays). .
Metals/mining stocks trading lower: IAG -3.8%, CDE -1.7%, MT -1.5%, BHP -1.3%, GDX -1.2%, SLW -1%, GOLD -1%, AU -0.8%, GLD -0.6%.
Select oil/gas related names showing early weakness: YPF -2.5%, STO -1.7%, TOT -0.8%, SDRL -0.7%, BP -0.6% .
Other news: CALL -6% (light volume; still checking), DRL -3.9% (still checking), KONA -3.5% (is offering to sell 2,000,000 shares of its common stock in an underwritten public offering), MRIN -3.5% (files for ~1.72 mln share common stock offering by selling shareholders), QIWI -1.7% ( prices public offering ), MHR -0.9% (disclosed it is increasing its offer consideration for the shares of Ambassador and is no longer making the offer subject to any closing conditions), RH -0.6% (announced its intention to offer $300 million aggregate principal amount of convertible senior notes due 2019 in a private placement), TSLA -0.3% (following yesterday's 18 point/9% move higher; NY Governor Cuomo signs legislation on agreement between automobile dealers and Tesla Motors).
Analyst comments: TRV -1.2% (downgraded to Market Perform from Outperform at BMO Capital ), HIMX -4.4% (downgraded to Sell from Neutral at UBS), BRCM -0.7% (downgraded to Hold from Buy at Benchmark ),
Select financial related names showing weakness: UBS -1.1%, DB -1%, BBVA -0.8% (downgraded to Equal Weight from Overweight at Barclays). .
Metals/mining stocks trading lower: IAG -3.8%, CDE -1.7%, MT -1.5%, BHP -1.3%, GDX -1.2%, SLW -1%, GOLD -1%, AU -0.8%, GLD -0.6%.
Select oil/gas related names showing early weakness: YPF -2.5%, STO -1.7%, TOT -0.8%, SDRL -0.7%, BP -0.6% .
Other news: CALL -6% (light volume; still checking), DRL -3.9% (still checking), KONA -3.5% (is offering to sell 2,000,000 shares of its common stock in an underwritten public offering), MRIN -3.5% (files for ~1.72 mln share common stock offering by selling shareholders), QIWI -1.7% ( prices public offering ), MHR -0.9% (disclosed it is increasing its offer consideration for the shares of Ambassador and is no longer making the offer subject to any closing conditions), RH -0.6% (announced its intention to offer $300 million aggregate principal amount of convertible senior notes due 2019 in a private placement), TSLA -0.3% (following yesterday's 18 point/9% move higher; NY Governor Cuomo signs legislation on agreement between automobile dealers and Tesla Motors).
Analyst comments: TRV -1.2% (downgraded to Market Perform from Outperform at BMO Capital ), HIMX -4.4% (downgraded to Sell from Neutral at UBS), BRCM -0.7% (downgraded to Hold from Buy at Benchmark ),
Early premarket gappers
Gapping up: ANFI +27.7%, SYUT +6.9%, SAEX +6.4%, EW +5.6%, GTIV +3.9%, YGE +3.7%, MDT +2.7%, MU +2.5%, SPEX +1.6%, STM +0.9%, SAP +0.8%, PSEC +0.7%, EZPW +0.6%
Gapping down: CALL -6%, KONA -3.5%, MRIN -3.5%, SHPG -3.1%, QIWI -1.7%, MT -1.5%, BHP -1.3%, KND -1%, DB -1%, KFY -0.9%, RH -0.6%, GLD -0.6%
Alstom: messy proposal The Mitsubishi/Siemens proposal for parts of Alstom has been concocted with French politicians in mind. And it shows. Four groups of shareholders are involved – Siemens, Mitsubishi, GE and Alstom. The proposal is messy for all of them. Mitsubishi wants to buy minority stakes in three of Alstom’s energy businesses for €3.1bn, and a 10 per cent stake in Alstom itself (worth €0.9bn at today’s price). So the Japanese company pays €4bn and gets control of nothing. Siemens shareholders look only slightly better off. They pay €3.9bn for control of Alstom’s gas business and its lucrative service contracts. And if the deal goes ahead, Siemens will have blocked, or at least delayed, GE’s European ambitions. But to win political favour, Siemens’ offer comes with three-year job guarantees in France and Germany. And the promise of talks over Alstom’s rail businesses once the energy deals are complete hint that deal speculation (and hence French government meddling) will drag on for years. GE shareholders get to observe – agog – what European political manoeuvring can do to what was a relatively straightforward deal. Their company has offered $17bn for Alstom’s thermal, renewables and grid businesses, but will now have to decide whether to increase the offer or let Mitsubishi and Siemens lie in the bed they have made. Finally we come to Alstom shareholders, who are – nominally – the ones who will be making the decision. The Mitsubishi/Siemens offer provides a cash injection of €7bn (against net debt of €3bn) and allows the French group to preserve its independence. But they lose one of their energy businesses, get a minority shareholder in three others and face protracted talks over what happens to their rail business. They might well be pining for the quiet life offered by GE.