The Belgian postal operator bpost has released a takeover bid for TNT.

http://www.telegraaf.nl/dft/bedrijven/postnl/25881161/___Belgen_willen_PostNL_overnemen___.html

BRUSSELS (Reuters) - The Belgian postal operator bpost has released a takeover bid for TNT.

The Belgians would have been the end of March PostNL approached with an initial bid, but only at a third increase in charge of Dutch mail and parcel company expressed interest to negotiate, reports the Belgian newspaper De Tijd.

The fair value of Bpost is € 4.8 billion, almost three times bigger than TNT which in practice is a takeover of the Dutch company.

Trading in the share Bpost Friday halted on the stock exchange in Brussels. The market is awaiting a statement from the company, which is listed since 2013 but is still largely owned by the Belgian government. The share PostNL was Friday afternoon at the fair in Amsterdam on a gain of more than 5 percent before regulator AFM showed halt trading pending a press release.

PostNL last year a turnover of almost 3.5 billion euros. It employs more than 49,000 people for the postal and parcel delivery in thirteen countries worldwide. Bpost has a small 25,000 people are on the payroll and in 2015 achieved a turnover of 2.4 billion euros.

(BN) *BAYER SHAREHOLDER TALKS TO LAST UNTIL NEXT WEEK:MANAGER MAGAZIN

http://www.manager-magazin.de/unternehmen/artikel/bayer-chemiekonzern-wirbt-bei-aktionaeren-um-zustimmung-a-1094530.htmlBayer currently campaigning for major shareholders to consent to the planned billion takeover of the US company Monsanto. Private investors in Germany are irrelevant - too low is their share.
According to a company spokesperson from Friday's action will continue until the next week. The reactions among investors were not disclosed. A few days ago had Bayer stock market chart showfor Monsanto a purchase offer of $ 62 billion announced (converted EUR 55 billion). The US suppliers of seed and pesticides, the offer had indeed returned to be too low, but was open to further negotiations.
The protection combination for security possession (DSW), one of the greatest representatives of private investors in Germany, had already welcomed the plans of the Board shortly after the announcement.



The US-Canadian BlackRock Group, currently with more than 6 percent the largest single shareholder of Bayer showing stock market chart , declined to comment about it.

With around 300,000 shareholders Bayer is one of the largest public companies in Germany. Only around 11 percent of Bayer shares are held by private investors, among them are also 1 percent of employee shares for Bayer employees. Nearly 7 percent of Bayer shares were not recorded.
BlackRock, Sun Life Capital Group: The biggest Bayer individual investors sitting in US and Canada
Around 80 percent of shares are in the hands of so-called institutional investors (funds, insurance companies, banks, financial investors).


The largest single investor is currently a little more than 6 percent, the US-Canadian BlackRock Group. Moreover, only the Canadian Financial Services Sun Life and the US investor Capital Group are slightly above the 3 percent threshold required to submit declarations.

Divided by regions accounted for investors from the US and Canada with 27.7 percent, the biggest piece of the pie shareholder capital. This is followed by Germany with 20.6 percent, and in France, Spain, Italy, Portugal with a total of 10.7 percent.
la / dpa / Reuters / ap

>>> US Gapping down

Gapping down
In reaction to disappointing earnings/guidance
: PANW -10.7%, GME -6.7%, VNET -5.5%, SPLK -4.4%, NGL -3.6%, CAL -2.6%, WDC -2.3%, DECK -1.7%, SVA -1.3%

M&A news: TEX -18.5% (Zoomlion (ZLIOY) terminates negotiations with Terex in relation to the proposed acquisition), SHPG -0.7% (shareholders vote to approve combination with Baxalta (BXLT))

Select oil/gas related names showing early weakness: CHK -1.9%, WLL -1.5%, MRO -0.9%, BP -0.9%, STO -0.8%

Other news: UNXL -23.1% (commences a public offering of newly issued shares of common stock and warrants to purchase shares of common stock in an underwritten public offering), AVIR -13.2% (voluntarily decides to delay further enrollment in the Phase 2a trial of BTA585 for the treatment of RSV infections being conducted in the U.K.), FEYE -2.3% (in sympathy with PANW earnings), AZN -1.6% (receives Complete Response Letter for sodium zirconium cyclosilicate)

Analyst comments: IONS -3% (downgraded to Market Perform form Outperform at BMO Capital), WDAY -2.3% (downgraded to Underperform at Wedbush) 

>>> US Gapping up

Gapping up
In reaction to strong earnings/guidance
: IXYS +19.7%, BIG +12.5%, VEEV +10.5%, ULTA +8.6%, JKS +3.9%, CANF +2.9%, JASO +1%, NQ +0.5%

M&A news: FEIC +12.6% (to be acquired by Thermo Fisher Scientific (TMO) for $107.50/share), VRX +7.8% (WSJ reports VRX rejected a takeover offer by Takeda Pharma (TKPYY) and TPG earlier this year), LC +5.3% (in talks with Citi (C) to either sell or receive financing for future loans, according to the WSJ)

Select metals/mining stocks trading higher: RIO +2%, BHP +1.7%, BBL +1.6%, GFI +1.1%, VALE +0.7%, FCX +0.5%

Other news: RLYP +28.3% (FDA issues to competitive drug maker AZN a CRL for sodium zirconium cyclosilicate), TTNP +25.7% (receives FDA approval for Probuphine for the maintenance treatment of opioid addiction), DNAI +9.4% (licenses cancer drug candidate targeting CDC7 from Carna Biosciences; positioned for clinical trials in 2017), TGTX +9.4% (confirmed Jubilant Biosy and Checkpoint Therapeutics (FBIO unit) collaboration for the treatment of hematological malignancies), VNDA +7% (announces FDA approval of Co's sNDA for Fanapt), HERO +3.1% (announces Transfer of Hercules Highlander and Execution of Restructuring Support Agreement), ETE +2.2% (files Affirmative Defenses and Counterclaim in the lawsuit brought by The Williams Companies (WMB) in the Delaware Court of Chancery)

Analyst comments: VSLR +6.5% (upgraded to Buy from Hold at Deutsche Bank) 

NYT : Report Warns of Climate Change Disasters That Rival Hollywood’s

Stonehenge eroding under the forces of extreme weather. The city of Venice slowly collapsing into its canals. The gradual flooding of the Statue of Liberty.

Images like these, familiar from Hollywood climate-catastrophe thrillers, were evoked by a joint report, released on Thursday by Unesco, the United Nations Environment Program and the Union of Concerned Scientists, that detailed the threat climate change could pose to World Heritage sites on five continents.

(The Guardian reported on Thursday that the Australian continent was originally included in the report, but that its government requested it be removed because of concerns that the information would hurt its tourism industry.)

Adam Markham, the deputy director for climate and energy at the Union of Concerned Scientists and the report’s lead author, said that while many of the sites were bound to be affected by factors including a rise in sea levels, intense storms and wildfires, planning could go a long way toward protecting them.

“It is a very tough challenge, but if we recognize the scale of the problem — and I don’t think most people realize how big it is or how fast the changes are coming — then I think there is a lot we can do,” he said.

The report highlights 31 sites in 29 countries that have already felt some impact from climate change, including well-known tourist destinations like Easter Island and Yellowstone National Park. It was drawn from peer-reviewed science literature, technical reports and local experts, as well as domestic evaluations of the sites prepared for the World Heritage Committee.

Though the report emphasizes the importance of the recent Paris climate accord, Mr. Markham said that emissions already affecting the climate are likely to create “a lot of change and impact.”

“We don’t have enough resources to save every threatened asset,” he said. “Can we save every lighthouse that is on an eroding cliff? Probably not. So there are going to have to be hard choices made in every country.”

Thirteen listed heritage sites were examined in comprehensive case studies intended to demonstrate the way climate change has already had an impact. In a study of the Statue of Liberty, for instance, the effects of Hurricane Sandy, which scientists have shown were exacerbated by a rise in the sea level, are explored at length.

Rebecca Beavers, the coastal adaptation coordinator of the National Park Service who helps the agency plan for the impact of climate change, and was an adviser on the report, said the damage to the facilities and infrastructure at the Statue of Liberty from the 2012 storm had precipitated a new focus on how best to contend with extreme weather.

“I think that it’s important to recognize that adaptation is continuous change,” Ms. Beavers said. “It’s not isolated action, it’s not a single step. It really is a process.”

The report includes a series of recommendations for government agencies, the tourism industry and heritage site managers. It emphasizes that the sites themselves represented a trove of historical information on human responses to extreme weather, and that the archaeological data they held could help guide policy makers.

Mr. Markham, who is British, said he personally was very upset about what was happening to Skara Brae, a 5,000-year-old Neolithic settlement that is one of many sites off the coast of Scotland at risk from coastal erosion.

“This is the famous one, which I’ve never seen and I want to be able to see, but I care about all of those sites,” Mr. Markham said. “For me, that is my cultural heritage, disappearing into the ocean.”

(BofA-ML) Flow Show: Flows flirt with "buy" signal

--> outflows from equities ($9.2bn) & commodities ($0.2bn) vs inflows to bonds ($2.6bn) & money-markets ($12.2bn)
--> 36 straight weeks of muni inflows; 16 straight weeks of European equity outflows; 12 straight weeks of IG bond inflows
--> Global Flow Trading Rule v close to contrarian “buy” signal driven by significant redemptions from equity & HY funds past 4 weeks (outflow = 0.9% AUM; outflow of 1.0% required for buy signal). Last “buy” signal = late-Jan when bearish flows coincided with bad equity market breadth (link) & Bull & Bear Index in “fear” territory…markets bounced; today B&B Index more neutral (4.0) but flows & high FMS cash levels (5.5%) threaten “bear capitulation” upside for risk assets

>>> Asset Class Flows
- Equities: $9.2bn outflows (7 straight weeks) (note $11.1bn mutual fund outflows partially offset by $1.9bn ETF inflows)
- Bonds: $2.6bn inflows (inflows in 12 of past 13 weeks)
- Precious metals: tiny $32mn outflows (only the second week of outflows in 20 weeks)
- Money-markets: $12.2bn inflows

>>> Equity Flows
- Japan: $0.9bn outflows (first outflows in 3 weeks)
- Europe: $3.3bn outflows (16 straight weeks)
- EM: $2.0bn outflows (4 straight weeks)
- US: $1.1bn outflows (outflows in 6 of past 7 weeks)
- By sector, first outflows from REITs in 14 weeks ($0.2bn); largest financials inflows in 5 months ($0.5bn); 6 straight weeks of tech outflows ($0.4bn)

>>> Fixed Income Flows
- First inflows to Govt/Tsy funds in 14 weeks ($0.6bn)
- Largest outflows from HY bond funds in 15 weeks ($2.1bn)
- Largest outflows from EM debt funds in 14 weeks ($0.3bn)
- $2.5bn inflows to IG bond funds (12 straight weeks)
- $1.2bn inflows to Munis (36 straight weeks)
- Inflows to TIPS funds in 14 of past 15 weeks ($0.3bn)