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HCN Mulls Share Issue - Analyst Blog
Wednesday, December 1, 2010 - 3:25am | 528Health Care REIT Inc. (HCN), a real estate investment trust (REIT) that operates senior housing and health care real estate assets, has recently announced plans to offer 9.0 million common shares to raise cash. The company will also grant the underwriters an option to purchase an additional 1.4...
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European Banks Falling On Debt Concerns (STD, UBS, BCS, DB, CS)
Tuesday, November 30, 2010 - 2:17pm | 131European banks are coming under continued pressure on Tuesday as Eurozone sovereign debt concerns are taking center stage right now. Despite a $113 billion bailout of Ireland, the volatility in Europe is likely far from over as now the market is focused on Portugal. Here is how some of the widely...
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AIG's Exchange Offer Under-Tendered - Analyst Blog
Tuesday, November 30, 2010 - 1:30pm | 821On November 23, American International Group Inc. (AIG) announced the completion of its equity units exchange offering, whereby the company will exchange 4.9 million shares for 49.5 million corporate units by paying $161.8 million. However, this was only about two-third of the total 74.48 million...
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AIG's Exchange Offer Under-Tendered - Analyst Blog
Tuesday, November 30, 2010 - 8:00am | 821On November 23, American International Group Inc. (AIG) announced the completion of its equity units exchange offering, whereby the company will exchange 4.9 million shares for 49.5 million corporate units by paying $161.8 million. However, this was only about two-third of the total 74.48 million...
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Wal-Mart to Buy 51% of Massmart - Analyst Blog
Monday, November 29, 2010 - 10:00am | 569Wal-Mart Stores Inc (WMT) today announced its intention to acquire a 51% stake in the South African based consumer goods distributor Massmart Holdings Ltd. Wal-Mart has offered Massmart $2.4 billion (17 billion rand) or 148 rand per Massmart share, reflecting a 19.2% premium over the company's 30...
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Wal-Mart to Buy 51% of Massmart - Analyst Blog
Monday, November 29, 2010 - 4:31am | 569Wal-Mart Stores Inc (WMT) today announced its intention to acquire a 51% stake in the South African based consumer goods distributor Massmart Holdings Ltd. Wal-Mart has offered Massmart $2.4 billion (17 billion rand) or 148 rand per Massmart share, reflecting a 19.2% premium over the company's 30...
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Deutsche Bank Now Owns Majority Of Postbank
Friday, November 26, 2010 - 7:53am | 148Deutsche Bank (NYSE: DB) now has a majority stake in Deutsche Postbank, after investors agreed to a takeover, according to Bloomberg. Deutsche Bank is buying Postbank to add retail banking to its operations, and analysts are positive on the move. “It was the right step for Deutsche Bank to cut...
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Insider's Take on the Insider Trading Scandal
Tuesday, November 23, 2010 - 11:58am | 591By Todd Harrison The easiest thing in the world to do is say "Wall Street is evil" and throw every hedge fund under the bus. I've read a lot of news reports overnight and virtually every one of them adopted the same populist cry. I even saw Inspector Kemp interviewed on this topic, where he said,...
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Company News for November 23, 2010 - Corporate Summary
Tuesday, November 23, 2010 - 10:18am | 702• Hewlett-Packard (NYSE: HPQ) reported earnings of $1.33 per share, up from estimates of $1.27 per share, on an 8.1% revenue gain to $33.2 billion above estimates of $32.8 billion. The firm's new-year estimate was set at a 13-15% rise to $5.16-$5.26 • Campbell Soup (NYSE: CPB) reported its fiscal...
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Company News for November 23, 2010 - Corporate Summary
Tuesday, November 23, 2010 - 4:28am | 702• Hewlett-Packard (NYSE: HPQ) reported earnings of $1.33 per share, up from estimates of $1.27 per share, on an 8.1% revenue gain to $33.2 billion above estimates of $32.8 billion. The firm's new-year estimate was set at a 13-15% rise to $5.16-$5.26 • Campbell Soup (NYSE: CPB) reported its fiscal...
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Expiration Friday 11-19-2010
Monday, November 22, 2010 - 7:45pm | 793Cusick's Corner Options expiration often drives trading volume on the exchanges, but not today. Volatility has also cooled off, the VIX is down over 3%. All eyes have been on Ireland this week -- its four year debt reduction plan is expected to be unveiled next week. There has been a lot of...
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Senior Notes from Boston Properties - Analyst Blog
Monday, November 22, 2010 - 10:06am | 615Boston Properties Inc. (BXP), a leading real estate investment trust (REIT), has recently completed a debt offering of $850 million aggregate principal amount of 4.125% senior unsecured notes due 2021 to raise cash and repay debt. The debt offering is managed by J.P. Morgan Securities LLC – the...
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Senior Notes from Boston Properties - Analyst Blog
Monday, November 22, 2010 - 4:26am | 615Boston Properties Inc. (BXP), a leading real estate investment trust (REIT), has recently completed a debt offering of $850 million aggregate principal amount of 4.125% senior unsecured notes due 2021 to raise cash and repay debt. The debt offering is managed by J.P. Morgan Securities LLC – the...
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Vistaprint Announces New CFO - Analyst Blog
Friday, November 19, 2010 - 6:33pm | 601Vistaprint N.V. (VPRT), one of the leading online providers of professional marketing products and services to micro businesses, recently announced the promotion of Ernst Teunissen to executive vice president and chief financial officer (CFO). Teunissen will replace current CFO Mike Giannetto...
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Options Brief: Deutsche Bank AG (DB)
Friday, November 19, 2010 - 1:16pm | 82Shares of Deutsche Bank AG (NYSE: DB) are lower on the session by 1.18%, trading at $55.24. Overall put volume is now running at 3.72x the daily average, with 62% of all puts traded being purchases on the offer. 1,037 contracts have traded on the session so far. Deutsche Bank AG is a global...