While the U.S. exchanges have a diverse market for mining and resource stocks, the fact is that there are large opportunities in foreign markets. In fact, the London Stock Exchange (LSE) and the Canadian TMX Group have agreed to merge, which would create an enormous market for commodities listings.

It is an all-stock deal, with the LSE holders getting roughly 55% of the equity. The exchange's CEO, Xavier Rolet, will also lead the new organization.

Continue reading London, Toronto Exchanges to Create a Mining Powerhouse

London, Toronto Exchanges to Create a Mining Powerhouse originally appeared on BloggingStocks on Wed, 09 Feb 2011 11:10:00 EST. Please see our terms for use of feeds.

Continue reading Serious Money: Anglo American - Xstrata merger?

Serious Money: Anglo American - Xstrata merger? originally appeared on BloggingStocks on Mon, 22 Jun 2009 09:40:00 EST. Please see our terms for use of feeds.

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.

• Montreal-based Gildan Activewear Inc (NYSE: GIL) recently paid $135M for V.I. Prewett & Son, a supplier of private label socks to large retailers such as Wal-Mart Stores Inc (NYSE: WMT). Gildan expects socks to add about $200M in annual revenue, equal to about 20c a share, according to "The New America" column in Investor's Business Daily's.
• A strike at a key auto parts supplier has forced General Motors Corporation (NYSE: GM) to shut down a pickup plant in Pontiac, the Associated Press reported. The plant will stop production today due to the strike against the parts supplier, American Axle and Manufacturing Holdings Inc (NYSE: AXL), over a contract dispute.

Newspaper wrap-up: Vale, Xstrata talks at an impasse originally appeared on BloggingStocks on Thu, 28 Feb 2008 08:00:00 EST. Please see our terms for use of feeds.

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.

• With the recent news of a 3-for-1 share proposal for Rio Tinto Plc (NYSE: RTP) by BHP Billiton Limited (NYSE: BHP), rumors have been flying of another potential merger between Anglo American Plc (NASDAQ: AAUK) and Xstrata, the Guardian reported.

• 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.

Newspaper wrap-up: JP Morgan goes Hollywood? originally appeared on BloggingStocks on Mon, 03 Dec 2007 08:51:00 EST. Please see our terms for use of feeds.

MAJOR PAPERS:

• The Wall Street Journal reported that the Nasdaq Stock Market Inc (NASDAQ: NDAQ) is in talks to buy the Philadelphia Stock Exchange, the third largest options exchange in the U.S.
• The Wall Street Journal reported that Kirk Kerkorian wasn't invited to meet this week with DaimlerChrysler AG (NYSE: DCX) as it gets together with bidders for its Chrysler unit.
• Also in the Wall Street Journal, Xstrata will sell its aluminum unit to Apollo Management for $1.5B, higher than expected.

• 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.

• 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.

Newspaper wrap-up 4-11-07: Nasdaq in talks with Philadelphia Stock Exchange originally appeared on BloggingStocks on Wed, 11 Apr 2007 09:00:00 EST. Please see our terms for use of feeds.