(BFW) Germany May Manufacturing PMI 52.3 vs. Flash Reading 52.9

Germany May Manufacturing PMI 52.3 vs. Flash Reading 52.9
2014-06-02 07:55:00.8 GMT


By Mark Evans
     June 2 (Bloomberg) -- BME and Markit Economics release
manufacturing purchasing managers’ index for Germany in May.
  * Index falls to 52.3 from 54.1 in April; Year ago 49.4
    * Lowest reading since Oct. 2013
    * 11th consecutive month of expansion
  * New Orders fall to 52.6 vs 54.5 in April
    * Lowest reading since Oct. 2013
    * 11th consecutive month of expansion
  * Reading above 50 signals expansion, less than 50 a contraction
  * Last 3 years headline data {MPMIDEMA Index GP <GO>}


For Related News and Information:
First Word scrolling panel: FIRST <GO>
First Word newswire: NH BFW <GO>
Germany economic calendar: ECO GE <GO>
Germany economic forecasts: ECFC DE <GO>

To contact the reporter on this story:
Mark Evans in London at +44-20-7330-7585 or mevans8@bloomberg.net
To contact the editor responsible for this story:
Marco Babic in Zurich at +41-44-224-4112 or mbabic@bloomberg.net

(BFW) France May Manufacturing PMI 49.6 vs. Flash Reading 49.3

France May Manufacturing PMI 49.6 vs. Flash Reading 49.3
2014-06-02 07:50:00.15 GMT


By Mark Evans
     June 2 (Bloomberg) -- Markit Economics release
manufacturing purchasing managers’ index for France in May.
  * Index falls to 49.6 from 51.2 in April; Year ago 46.4
    * Lowest reading since Jan. 2014
  * New Orders fall to 48.7 vs 51.8 in April
    * Lowest reading since Jan. 2014
  * Reading above 50 signals expansion, less than 50 a contraction
  * Last 3 years headline data {MPMIFRMA Index GP <GO>}


For Related News and Information:
First Word scrolling panel: FIRST <GO>
First Word newswire: NH BFW <GO>
France economic calendar: ECO FR <GO>
France economic forecasts: ECFC FR <GO>

To contact the reporter on this story:
Mark Evans in London at +44-20-7330-7585 or mevans8@bloomberg.net
To contact the editor responsible for this story:
Marco Babic in Zurich at +41-44-224-4112 or mbabic@bloomberg.net

>>> Shire secures USD 5bn bank credit facility for NPS takeover bid; initial app

Shire secures USD 5bn bank credit facility for NPS takeover bid; initial approach already rejected 

Shire (LON: SHP), the Ireland-headquartered, pharmaceuticals group, has secured a bank credit facility of USD 5bn for a potential takeover of Bedminster, New Jersey-based NPS Pharmaceuticals (NASDAQ: NPSP), The Times reported, without citing sources.

The article said Citigroup is leading the banks offering the facility.

Shire is believed to be prepared to pay USD 40-45 per share, or up to USD 4.8bn, the report said, without attributing a source for the information.

Inside sources cited in the piece said Shire has already contacted NPS with an initial approach, although this was rejected. Colin Broom, a former hospital doctor trained in London who has links to both Shire and NPS, is now negotiating between the two, the article said.

Goldman Sachs is advising NPS, the item reported.


Source The Times

>>> What to look at today : 02/06/2014

US Market closed slightly higher except for Nasdaq, locking a 2.1% monthly gain for May, countercyclical sectors fared better than the growth-sensitive side of the market. In fact, all four defensively-oriented sectors—consumer staples (+0.7%), health care (+0.3%), telecom services (+0.3%), and utilities (+0.8%)—outperformed, while five of six cyclical sectors were unable to keep up with the S&P 500. Meanwhile, the financial sector (+0.2%) settled in line with the S&P 500 after spending the bulk of the session just above its flat line...AAPL saw some profit taking after strong perf ahead of WWDC 14...VIX @ 11.43 -1.2%...- China Manufacturing PMI released over the weekend beat estimates, rose for
the 3rd straight month, and hit a 5-month high, but investors were hardly enthused by the marginal increase and the mixed components. Most of the increase was due to higher New Orders (52.3 v 51.2 m/m, 6-month high) and input prices (50.0 v 48.3 m/m, 5-month high). Meanwhile, new Export orders remained in contraction for the 2nd month and Employment actually fell to a 3-month low...Nikkei +2.06% HS+0.31% Shanghai -0.07%

Eur$ 1.3630 S&P Fut +0.07% European fut. +0.35%

Macro
- China Man. PMI 50.8 vs 50.7E
- Schaeuble Sees Any New Greek Bailout Below EU10b: Focus
- Iron Ore Slump May Force Output Cuts at Chinese Mines, ANZ Says
- German Regulator Seeks More PE, Funds Oversight: Handelsblatt
- EU May Ask Italy for EU4b Budget Measure Tomorrow: Repubblica
- Euro Area Must Achieve Price Stability Target Quickly: Padoan
- Bank Regulation May Stall Growth, Michelbach Tells Handelsblatt

Keep an eye on :
- AAPL US : Apple IWatch May Add $10b in Revenue, $3 in EPS: RBC
- AF FP : Air France-KLM to Start EU1b Savings Program in 2015: Telegraaf
- AIR FP : Google Said to Spend $1b on Satellites for Internet Access: WSJ
- AIR FP : Air Lease Interested by Possible Airbus A330 Revamp:Reuters Link
- AIR FP : Germany Re-Evaluating EU7b Airbus Helicopter Order: Spiegel
- ALIV SS : Autoliv CEO Looking for Acquisitions, Not planning to split Dagens Industri Says
- ALU FP : Alcatel-Lucent Starts Offer of EU1b New Convertibles in Total
- ALM SM : Almirall Seeks Smaller Takeovers After Aqua, Confident on 2014
- AZA IM : Etihad to Enter Final Talks After Alitalia Approves Conditions
- AZN LN : AstraZeneca CEO Questions Linking his Pay to Share Target: FT
- BPSO IM : Pop. Sondrio May Be Candidate for Tie-Up With Creval: Corriere
- BSLN SW : Basilea Says Oncology Drug BAL101553 Shows Evidence in Phase 1
- CRG IM : *FONDAZIONE CARIGE TO TRADE 9% STAKE IN CARIGE IN BLOCKS: SOLE
- CU FP : Club Med Stake Held by Polygon Rises to 5.62%, Les Echos Says
- DETNOR NO : Marathon Oil to Sell Norway Unit to Det Norske for $2.7b, Det Norske to propose $500mil right Issue
- EOAN GY : RWE, E.ON to Reimburse Gas Customers for Overcharging: Spiegel
- EDF FP : EDF Plans to Convert Corsica Power Plants to Gas, Figaro Says
- F IM : Fiat to Present New Alfa Romeo Model in 3Q 2015, Marchionne Says
- GFC FP : Metrovacesa Readies Sale of 27% Stake in Gecina, Expansion Says
- GSK LN : GlaxoSmithKline in Deal to Develop New Cancer Drugs: FT
- HRX GY : Hypo Real Estate Disagrees With Germany on Depfa, Spiegel Says
- NOVN VX : Novartis Sees Starting Regulatory Filings for LDE225 This Year
- POP IM : Pop. Milano May Review Governance in 2015: CEO to Messaggero
- ROG VX : Roche Buys Genia Technologies for $125m in Cash
- RIO LN : Rio Tinto Sells 50.1% Stake in Clermont Mine for $1.015b
- PG IM : Seat Pagine Gialle Bond Holders Oppose Dmail Proposal: Corriere
- SHP LN : Shire Lines Up $5b in Funding for NPS Pharmaceuticals Bid: Times {NSN N6IH7I6JTSE9 <go>}
- TRN IM : Terna Considering Bid for 66% of Greece's IPTO: Corriere
- TSCO LN : Tesco to Sell House of Fraser Goods on Website: Mail on Sunday

(BFW) Alcatel-Lucent Starts Offer of EU1b New Convertibles in Total

ONE 06/02 05:57 Alcatel-Lucent: Alcatel-Lucent launches an offering of new convertible bonds as part of The Shift Plan
 BN 06/02 05:59 *ALCATEL-LUCENT TO APPLY TO LIST 2019, 2020 BONDS ON EURONEXT
 BN 06/02 05:59 *ALCATEL-LUCENT: PROCEEDS TO ENABLE $1.75B LOAN REIMBURSEMENT
 BN 06/02 05:59 *ALCATEL-LUCENT TO USE PROCEEDS TO REPAY CREDIT LINE
 BN 06/02 05:58 *ALCATEL-LUCENT SAYS BOND SALE MAY BE INCREASED BY 10%
 BN 06/02 05:58 *ALCATEL-LUCENT: NOMINAL AMOUNT EU400M MATURES JAN. 30 '20
 BN 06/02 05:58 *ALCATEL-LUCENT: NOMINAL AMOUNT EU600M MATURES JAN. 30 '19
 BN 06/02 05:57 *ALCATEL-LUCENT OFFERS EU1B OF BONDS
 BN 06/02 05:57 *ALCATEL-LUCENT: FIRST TRANCHE OF INITIAL NOMINAL AMOUNT EU600M
 BN 06/02 05:57 *ALCATEL-LUCENT STARTS OFFERING OF NEW CONV BONDS
 BN 06/02 05:57 *ALCATEL-LUCENT: ALCATEL-LUCENT STARTS OFFERING OF NEW CONV BOND
Alcatel-Lucent Starts Offer of EU1b New Convertibles in Total
2014-06-02 06:03:43.17 GMT


By Gaurav Panchal
     June 2 (Bloomberg) -- Alcatel-Lucent launches convertible
offering into and/or exchangeable for new and/or existing shares
in two tranches:
  * First tranche of initial nominal amount of ~EU600m maturing
    on Jan. 30 2019
  * Second tranche of initial nominal amount of ~EU400m maturing
    on Jan. 30 2020
  * 2019 issuance may be increased by 10% to reach aggregate
    maximum nominal amount of ~EU660m, 2020 issuance by 10% to
    reach EU440m, if over-allotment options exercised in full
  * Proceeds to be used to enable partial/full reimbursement of
    the senior secured credit facility of initial principal
    amount of $1.75b entered into by Alcatel-Lucent USA
  * Par value of each bond will correspond to an issue premium
    between 35% and 40% for 2019 bonds and between 32% and 37%
    for the 2020 Bonds over Alcatel-Lucent’s reference share
    price
  * 2019 bonds will be issued at par on June 10, 2020 will be
    issued at par on June 10
  * Statement:{NSN N6J1V23V2800 <GO>}

Link to Company News:{ALU FP <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:
Gaurav Panchal at +44-20-7392-0511 or
gpanchal2@bloomberg.net