Post Tagged with: "mergers"
AT&T raising charges by 33%
This is not an opinion on AT&T stock since AT&T benefits from a monopoly status in fixed line and oligopoly status in mobile telecom. But I did want to briefly flag something regarding the telecom industry and M&
News Links: The ECB’s back-door bail-out for Italy, Spain, Belgium, and… France?
News links for 22 December 2011 including stories on the tech world, Europe, and the
News Links: Corzine Rebuffed Internal Warnings on Risks at MF Global
Financial news links for 6 December 2011 featuring stories on MF Global, Facebook, class divides and retail sales
A Battle for Oil Production Is Brewing
With big oil’s bank accounts full to the brim with cash, the stage is set for some significant acquisition activity… or, to put it another way, for a battle to buy producing assets. There are quite a number of contestants in the battle – big oil companies are not only competing against each other to sweep up good assets but also against the national oil companies of developing, energy-hungry nations like China, South Korea, and India. Oil demands are rising in these nations so quickly that just to cover expected annual demand increases those three countries would have to jointly spend $30 billion on acquisitions each year
The Creeping Eurozone Credit Crunch
Here’s a very informative chart via Morgan Stanley showing the deterioration in the Eurozone’s key credit indicators. Banks will no doubt sell assets, at least in part, as a way to meet their required capital targets
It’s official: Spain following Japanese example of propping up zombie banks
Moody’s decision to place Popular’s ratings on review for possible downgrade is driven by our view that the combined entity emerging after the integration with Pastor is likely to have a weaker credit profile than Popular’s standalone credit strength
Why is a bank that failed the stress tests in Spain getting bought at a 31% premium?
I don’t follow the Spanish banking sector well enough to know what hidden value Banco Pastor has but I find it curious that it is the subject of a takeover bid at a 31% premium by Spain’s fifth largest bank, Banco Popular
What’s Up With Micron?
Smells like Kentucky Fried Takeout to us. Yes, we’re talking our book, but for good reason. Nevertheless, keeping both hands on the ripcord
Margin Call coming this fall
Timing couldn’t be more perfect, no? Maybe we get a bottom in equities on the release date. Go here to the movie’s official website
China Gets Picky
It turns out that China is not willing to pay whatever it has to for energy and metal resources. Several resource deals have faltered in recent months, indicating an increasingly choosy Chinese perspective on energy and metal acquisitions. Add to that the growing concern that the global economy is once again stumbling and that commodity prices may be near a top, and you have a Chinese deal-making market that has gone from 60 to zero in no time
Is the shale gas bubble bursting?
If you have fewer players operating wells, then the supply should be lower. It sounds to me like the rush to buy up natural gas acreage has strained balance sheets in a way that will force up prices down the line.
Why is Google issuing bonds?
Google is loaded o the gills with cash, yet today they are pricing up a bond issue. he Financial Times is reporting that Google will raise as much as $3 billion of 3, 5 and 10-year money. Here’s my question: why do this? Acquisition: Maybe they are pulling a Microsoft and preparing a debt-financed acquisition.