Archive for October, 2009
Deloitte: Trade Problems Loom
Thursday, October 29th, 2009Position limits being considered by the US Commodity Futures Trading Commission to eliminate “excessive” market speculation could create problems for companies trading energy commodities, said John England, managing partner for energy in Deloitte & Touche LLP’s markets consulting practice. Proposed regulatory changes would affect hedge funds, banks, insurance, and other firms, said England. “It is [...]
M&A Arbitrage Spreads
Wednesday, October 28th, 2009On2 Technologies Inc. (ONT), Google Inc. (GOOG) Premium offered: $0.01 or 1.62% Acquirer: GOOG Target: ONT Shares offered per share: 0.00109487 shares Value of offer per share: $0.60 Value of outstanding common equity: $105,306,468 GOOG share price: $548.01 ONT share price: $0.59 Expected closing: 4Q 2009 11/15/2009 Annualized gain: 33.45% Note: On2 shareholders file lawsuit [...]
M&A Arbitrage Spreads
Monday, October 26th, 2009On2 Technologies Inc. (ONT), Google Inc. (GOOG) Premium offered: $0.01 or 1.90% Acquirer: GOOG Target: ONT Offer per share: $0.60 stock Value of outstanding common equity: $105,306,000 Target share price: $0.59 Acquirer share price: $559.47 Expected closing: Fourth quarter 11/15/2009 Annualized gain: 34.71% Note: On2 shareholders file lawsuit against Google Aug. 10 claiming the deal’s [...]
Arbitrage Spreads On Pending Mergers & Acquisitions
Friday, October 23rd, 2009Parallel Petroleum Corp. (PLLL), Apollo Global Management, LLC (Private) Premium offered: $0.00 or 0.00% Acquirer: Apollo Target: PLLL Offer per share: $3.15 cash Value of outstanding common equity: $131,197,500 Target share price: $3.15 Acquirer share price: N/A Expected closing: N/A Annualized gain: N/A Note: Under the terms of the deal, Apollo Global will assume or [...]
America Urges China to Ease Renminbi
Thursday, October 22nd, 2009American appeals for China to allow its currency to appreciate might represent a stalling point for global co-operation. In its semi-annual report on exchange rate policy the American Treasury Department warned that “the recent lack of flexibility of the renminbi exchange rate and China’s renewed accumulation of foreign exchange reserves risk unwinding some of the [...]
Treasury to order bailed-out firms to slash pay
Thursday, October 22nd, 2009The Treasury Department on Thursday is expected to order seven companies that have not paid back last year’s government bailouts to halve their top executives’ average compensation. The cuts apply to the 25 highest-paid executives at banks and other companies that received the most assistance, with salaries being slashed by as much as 90 percent, [...]
Bank Failures 2009 / bankrotte US Banken 2009
Monday, October 12th, 2009October Southern Colorado National Bank, Pueblo, CO with approximately $39.5 million in assets and approximately $31.9 million in deposits was closed. Legacy Bank, Wiley, CO has agreed to assume all deposits. (PR-181-2009) Jennings State Bank, Spring Grove, MN with approximately $56.3 million in assets and approximately $52.4 million in deposits was closed. Central Bank, Stillwater, [...]
Deutsche Bank schließt Allianz mit Czarnikow
Monday, October 12th, 2009Bislang kann das Institut nur indirekt auf Preissprünge beim Zucker setzen, etwa über Terminkontrakte. Czarnikow hingegen ist ein Spezialhändler, der Zucker tatsächlich als physischen Stoff aufkauft und auf den globalen Märkten vertreibt – ein Instrument, das sich die Deutsche Bank künftig zunutze machen will. – Neben dem süßen Rohstoff geht es auch um zuckerbasierte Produkte [...]
Citigroup hat ihre Rohstoffhandelssparte Phibro an den Öl- und Gaskonzern Occidental Petroleum verkauft.
Monday, October 12th, 2009– Mit dem Verkauf stößt die Citigroup eine Sparte ab, die vor allem durch das Eingehen hoher Risiken viel Geld in die Kassen des Geldhauses spülte. In den vergangenen fünf Jahren erzielte Phibro Erträge von knapp 1,9 Mrd. $. Die Gewinne schwankten aber schon immer stark. Aus diesem Grund hatte die Citigroup Phibro bereits 1998 [...]