World important news by Esta

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Oct 18

Deals of the day — mergers and acquisitions


** MTN Group , Africa’s largest mobile operator, is in talks to acquire Vodacom’s wireless unit in the Democratic Republic of Congo, Bloomberg said on Tuesday, citing two unidentified sources.** Danone SA is in talks with Japanese beverage firm Suntory Holdings about a sale of the French group’s water assets, Bloomberg News reported on Tuesday.** Saudi Arabia’s Savola Group on Monday signed an agreement to buy a 78 percent stake in two Egyptian firms for 557 million Egyptian Pounds ($97.8 million), it said in a statement on Tuesday.** Danish energy group DONG Energy will enter the UK natural gas sales market through the acquisition of gas sales and marketing company Shell Gas Direct, part of energy group Royal Dutch Shell Plc (RDSa.L), for 30 million pounds ($47.3 million).** ITV , Britain’s biggest free-to-air commercial broadcaster, has agreed to buy Channel Islands broadcaster Channel Television from Yattendon, bringing an independent corner of its regional network under its ownership.** Taiwan smartphone maker HTC Corp said on Tuesday it plans to buy Inquisitive Minds, a U.S. maker of children’s software, for $13 million to expand its offering of applications.

Posted 7 months ago

53 notes

Deals, of, the, day, mergers, and, acquisitions,

Oct 17

El Paso CEO to get $95 million in exit pay - WSJ


CEO Foshee is eligible to receive $95 million as his exit package, if he leaves within two years of an acquisition, the media report said, citing its calculations from a regulatory filing.About $69 million, would come from 4.27 million stock options granted over his eight-year tenure at El Paso, the report said.El Paso Corp and Kinder Morgan Inc were not immediately available for comment.

Posted 7 months ago

63 notes

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Oct 17

RESEARCH ALERT-CIMB downgrades SGX to underperform


STATEMENT:Singapore Exchange , Asia’s no. 2 listed bourse by market value, warned market activity in the near-term could be hit, even as it posted an 18 percent forecast-beating rise in quarterly profit on strong derivative revenues.CIMB cut its fiscal 2012-2014 earnings-per-share estimate as it expects costs to rise from the second quarter, and as October’s daily trading value was not promising, the brokerage said.”Sure, first quarter results were good, with cost-control the star. Unfortunately, subdued costs are a mirage with revenue reflecting a quarter when market lethargy has yet to set in,” CIMB said in a report.Shares of SGX have fallen about 25 percent since the start of the year. They closed at S$6.29 on Monday.

Posted 7 months ago

42 notes

RESEARCH, ALERTCIMB, downgrades, SGX, to, underperform,

Oct 17

RESEARCH ALERT-CIMB downgrades SGX to underperform


STATEMENT:Singapore Exchange , Asia’s no. 2 listed bourse by market value, warned market activity in the near-term could be hit, even as it posted an 18 percent forecast-beating rise in quarterly profit on strong derivative revenues.CIMB cut its fiscal 2012-2014 earnings-per-share estimate as it expects costs to rise from the second quarter, and as October’s daily trading value was not promising, the brokerage said.”Sure, first quarter results were good, with cost-control the star. Unfortunately, subdued costs are a mirage with revenue reflecting a quarter when market lethargy has yet to set in,” CIMB said in a report.Shares of SGX have fallen about 25 percent since the start of the year. They closed at S$6.29 on Monday.

Posted 7 months ago

23 notes

RESEARCH, ALERTCIMB, downgrades, SGX, to, underperform,