Takeover Chatter

Potential Takeover Candidate? (NASDAQ: CORE)

2013-05-24T11:47:00.001-04:00

Shares of CORE traded higher by 0.40% or $0.23/share to $57.75. NASDAQ is trading at a price to book ratio of 1.65. The PEG is 1.04 suggesting that the shares are attractively priced relative to the...

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Egypt tycoon to purchase MTS fiber network in new Canada push, (TSE: MBT.TO), (NYSE: RCI)

2013-05-24T11:25:00.001-04:00

Manitoba Telecom Services Inc will sell its Allstream fiber optic network to a company controlled by telecom tycoon Naguib Sawiris for C$520 million ($502.8 million), a deal that signals the...

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Great Stock Value (TSE: NKO.TO)

2013-05-24T11:08:00.001-04:00

Shares of NKO traded higher by 20.70% or $1.24/share to $7.23. TSE is trading at a price to book ratio of 0.48. This indicates that the value of the company's underlying assets exceeds today's market...

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Potentially Oversold Level Reached (NYSE: ARW)

2013-05-24T10:22:00.001-04:00

Shares of ARW fell by 1.91% or $-0.76/share to $38.96. NYSE is trading at a price to book ratio of 1.07. This indicates that the shares are relatively cheap compared to book value which means the...

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Great Stock Value (NYSE: YPF)

2013-05-24T10:05:00.001-04:00

Shares of YPF fell by 1.34% or $-0.19/share to $14.01. NYSE is trading at a price to book ratio of 0.78. This indicates that the value of the company's underlying assets exceeds today's market price....

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Potential Takeover Candidate? (TSE: POW.TO)

2013-05-24T10:02:00.001-04:00

Shares of POW fell by 0.84% or $-0.24/share to $28.46. TSE is trading at a price to book ratio of 1.45. The PEG is 0.77 suggesting that the shares are trading at an excellent value relative to firm's...

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Stocks with Strong Financial Metrics (NASDAQ: SHLD)

2013-05-24T09:48:00.001-04:00

Shares of SHLD fell by 15.33% or $-8.92/share to $49.25. NASDAQ is trading at a price to book ratio of 2.24. The PEG is 0.14 suggesting that the shares are trading at an excellent value relative to...

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Deals of the day -- mergers and acquisitions, (NYSE: KKR)

2013-05-24T09:42:00.001-04:00

The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Friday: ** Toshiba Corp and U.S. private equity firm Kohlberg Kravis Roberts & Co are among those expected to bid...

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News Corp's publishing business to initiate stock buyback, (NASDAQ: NWSA)

2013-05-24T09:35:00.001-04:00

News Corp set the distribution ratios for the spinoff of its publishing business and said the spinoff may start buying back stock right away. The board of the publishing business, which will retain...

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Manitoba Telecom to sell fiber optic network to Accelero, (TSE: MBT.TO)

2013-05-24T09:10:00.001-04:00

Manitoba Telecom Services Inc said on Friday it has struck a deal to sell its Allstream business, a fiber optic network stretching across Canada, to Accelero Capital Holdings for C$520 million...

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Petrobras sells 12 percent stake in Tanzania bloc to Statoil, (NYSE: RDS-B)

2013-05-24T08:47:00.001-04:00

State-run Petr�leo Brasileiro SA, which is undertaking a major drive to sell assets outside Brazil, sold a 12 percent stake in a Tanzania bloc to a unit of Statoil AS, according to a securities...

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Bankia nears sale of Florida bank for $900 million - source, (NYSE: CYN)

2013-05-24T07:43:00.001-04:00

Spanish nationalised lender Bankia is close to completing the sale of City National Bank of Florida for about $900 million, a banking source involved in the negotiations said. "The negotiations are...

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InterOil in talks with Exxon to develop Papua New Guinea assets, (NYSE: XOM)

2013-05-24T06:57:00.001-04:00

Liquefied natural gas producer InterOil Corp and its joint venture partner have entered into exclusive negotiations with Exxon Mobil Corp to develop gas fields in Papua New Guinea. The discussions...

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Deals of the day -- mergers and acquisitions, (NYSE: KKR)

2013-05-24T06:17:00.001-04:00

Toshiba, KKR to bid for Panasonic healthcare unit-sources, (NYSE: BAC), (NYSE: KKR)

2013-05-24T02:39:00.001-04:00

Toshiba Corp and U.S. private equity firm Kohlberg Kravis Roberts & Co (KKR) are among those expected to bid for Panasonic Corp's healthcare business, financial sources with knowledge of the matter...

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Market Chatter-Corporate finance press digest, (NASDAQ: FB), (NASDAQ: GOOG), (NASDAQ: NWSA)

2013-05-24T00:47:00.001-04:00

The following corporate finance-related stories were reported by media on Friday: * Former News Corp president Peter Chernin and private equity fund Guggenheim Digital Media have placed offers for...

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Sears losses mount, weighs sale of unit to shore up liquidity, (NASDAQ: SHLD)

2013-05-23T19:46:00.001-04:00

U.S. retailer Sears Holdings cast bigger doubts on the progress of its turnaround after reporting a bigger-than-expected quarterly loss, hurt by cooler spring weather.Shares of the company, which...

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Campbell Soup to purchase organic baby food company, (NYSE: CPB)

2013-05-23T19:44:00.001-04:00

Campbell Soup Co said on Thursday it had agreed to purchase organic baby food maker Plum Organics, as the company behind Goldfish crackers and Campbell's Soup seeks to expand its offerings to the...

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Salesforce.com's quarterly results disappoint Wall Street, (NYSE: CRM)

2013-05-23T19:43:00.001-04:00

Salesforce.com Inc's earnings outlook for the current quarter failed to inspire investors used to strong numbers from the cloud-based business software pioneer, and its shares fell 6 percent.Under...

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Hulu video site auction attracts four bidders -sources, (NYSE: DIS), (NASDAQ: NWSA), (NYSE: TWC), (NYSE: TWX)

2013-05-23T19:09:00.001-04:00

Former News Corp president Peter Chernin and private equity fund Guggenheim Digital Media have placed offers for Hulu, two people with knowledge of the matter told Reuters, triggering a tug-of-war...

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Chernin, Guggenheim Digital, DirecTV bid for Hulu -sources, (NYSE: DIS), (NASDAQ: NWSA), (NYSE: TWC), (NYSE: TWX)

2013-05-23T19:02:00.001-04:00

Chernin, Guggenheim Digital put in bids for Hulu -sources, (NYSE: DIS), (NASDAQ: NWSA)

2013-05-23T18:49:00.001-04:00

Sears losses mount as cold weather bites, shares down, (NASDAQ: SHLD)

2013-05-23T17:45:00.001-04:00

U.S. retailer Sears Holdings reported a bigger-than-expected quarterly loss as cooler weather hurt sales at its stores, indicating that the company's turnaround could take much longer than...

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Campbell Soup to purchase organic baby food company, (NYSE: CPB)

2013-05-23T17:44:00.001-04:00

Campbell Soup Co said on Thursday it had agreed to purchase Plum Organics, a maker of organic baby food, for an undisclosed price. Campbell expects the deal to close in the fourth quarter and not...

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Credit Suisse names new Chicago co-head after banker departure, (NYSE: CS)

2013-05-23T17:10:00.001-04:00

Credit Suisse Group has named Jeff Douthit as new co-head of its investment banking department in Chicago, according to an internal memo to staff that was reviewed by Reuters. Douthit, global head...

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