xstrata posts
FeedPosted Jun 22nd 2009 9:40AM by Sheldon Liber (RSS feed)
Filed under: International markets, Competitive strategy, Market matters, BHP Billiton Ltd ADR (BHP), Rio Tinto plc ADS (RTP), Bargain stocks, Serious Money, Commodities, Anglo American (AAUKY), Aluminum Corp of China ADS (ACH), Stocks to Buy, Best Stocks for 2009
It was reported on Sunday, June 21, that Anglo-Swiss mining company
Xstrata has proposed a merger of equals to the board of
Anglo American ADR (NASDAQ:
AAUK), hoping to create a new, more competitive mining giant. Rumors have been milling about for a while.
Together, Anglo American and Xstrata would have a market capitalization of approximately $68 billion, (AAUK's $35 billion + XTA.L's $33 billion) and be larger than
Rio Tinto plc ADS (NYSE:
RTP), which ended the trading day last Friday with a capitalization hovering over $42 billion.
Continue reading Serious Money: Anglo American - Xstrata merger?
Posted Feb 28th 2008 8:00AM by Laurie Pasternack (RSS feed)
Filed under: Newspapers, Magazines, General Electric (GE), Wal-Mart (WMT), General Motors (GM), Blackstone Group L.P (BX)
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MAJOR PAPERS:
- A potential $90B deal between mining companies Companhia Vale Do Rio Doce (NYSE: RIO) and Xstrata has hit a number of snags that could possibly end talks, reported the Wall Street Journal, including that Xstrata shareholder Glencore International, which has agreements to market a large part of what Xstrata's mines, wants to expand that to include Vale products besides iron ore.
- According to people familiar with the matter, bids for Australian retail-property giant Centro Properties are expected from The Blackstone Group LP (NYSE: BX) and General Electric Company's (NYSE: GE) GE Real Estate, among others, the Wall Street Journal reported.
OTHER PAPERS:
Posted Dec 3rd 2007 8:51AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, JPMorgan Chase (JPM), , BHP Billiton Ltd ADR (BHP), Rio Tinto plc ADS (RTP), Liz Claiborne (LIZ)
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MAJOR PAPERS:
- In a move to capitalize on its Hollywood franchise, JP Morgan Chase & Co (NYSE: JPM) is expected to announce plans today to invest $200M of its own money into the entertainment industry, the Wall Street Journal reported.
- The WSJ also reported that while stocks like Countrywide Financial Corporation (NYSE: CFC) may face big discounts to book value, signs of the turmoil in the credit market are beginning to appear elsewhere causing analysts to remain cautious on jumping back in to banking stocks.
OTHER PAPERS:
WEBSITES/MAGAZINES:
- Fortune has learned that Liz Claiborne Inc (NYSE: LIZ) has received at least two final round bids for nine of its apparel brands, but the outcome is in doubt as some of the potential suitors dropped out.
Posted Apr 11th 2007 9:00AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Internet, Daimler (DAI), Motorola (MOT),
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MAJOR PAPERS:
OTHER PAPERS:
- According to the New York Post, citing sources familiar with the matter, the private-equity firms that bought out Clear Channel Communications Inc (NYSE: CCU), Thomas H. Lee Partners and Bain Capital, are weighing their options as they wait for a "crucial" shareholder vote on the deal, which will come next week.
WEBSITES:
- According to Barron's Online's "Inside Scoop" column, Carl Icahn's investment groups reported that in the last two weeks they have increased their Motorola Inc (NYSE: MOT) holdings to 69.1M shares, or a 2.9% stake, from 64.9M shares, or a 2.7% stake.
- DigiTimes.com reported that Samsung is reportedly switching capacity from DRAM back to NAND flash.
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Why isn't Bank of America updating its shareholders on CEO situation?
