posted by Quentin Webb on Oct 30
That big, candy-coated M&A bellwether, Kraft-Cadbury, remains at the forefront of many dealmakers’ thinking. Brad Dorfman examines how the clock will really start ticking on a deal to create the world’s biggest confectioner once Kraft (KFT.N) reports earnings next week. Meanwhile, a clutch of other companies are making more upbeat noises about M&A, to wit:
* Juniper Networks Inc’s (JNPR.N) chief executive says the network equipment maker is open to acquisitions, although in-house research and partnerships remain its priorities.
* Macquarie Group Ltd (MQG.AX), Australia’s largest investment bank, has grown its surplus capital by almost half to a hefty A$4.5 billion ($4.1 billion), giving it muscle to hunt for assets overseas.
* And in Canada, Teck Resources (TCKb.TO) doesn’t plan to sell any more assets to pay down debt taken on last year to finance its takeover of Fording, and may start considering acquisitions, the company’s CEO says.
For all the latest deals news from Reuters, click here.
Elsewhere:
Forbes magazine offers up cut-out Halloween masks of Bernie Madoff, Glenn Beck and others.
And the WSJ crunches the numbers on the planned transatlantic tie-up between law firms Lovells and Hogan & Hartson.
posted by Yahoo! News Search Results for dividends on Oct 30
The Manila Bulletin Publishing Corporation during the meeting of the Board of Directors on July 9, 2009 declared a 5% stock dividend at par value of P1.00 per share or worth P143,855,250.00 payable to stockholders of record as of August 5, 2009.
posted by Yahoo! News Search Results for dividends on Oct 30
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 29, 2009) - Pacific Northern Gas Ltd. (TSX:PNG)(TSX:PNG.PR.A) announced today that net loss for the three months ended September 30, 2009 was $1.66 million, compared with a net loss of $1.53 million for the corresponding period in 2008. After providing for preferred share dividends, the loss per common share in the three months ended September 30 ...
posted by Yahoo! News Search Results for dividends on Oct 30
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 10/29/09) - Pacific Northern Gas Ltd. (TSX: PNG - News )(TSX: PNG.PR.A - News ) announced today that net loss for the three months ended September 30, 2009 was $1.66 million, compared with a net loss of $1.53 million for the corresponding period in 2008. After providing for preferred share dividends, the loss per common share in the three months ended ...
posted by Yahoo! News Search Results for dividends on Oct 29
Lihir Gold Ltd (LGL) will start paying dividends to shareholders, it was announced yesterday. It will also pay an interim payment of US$0.015 per share, payable on Nov 30.
posted by Yahoo! News Search Results for dividends on Oct 29
Columbia (WLTX) -- With the biggest announcement in state history in terms of jobs and investment, Boeing's assembly plant in South Carolina could mean a ripple of improvement across the state.
posted by Yahoo! News Search Results for dividends on Oct 29
Quarterly dividends on preferred stock have been declared by the Board of Directors of Alliant Energy Corporation's utility subsidiaries.
posted by Yahoo! News Search Results for dividends on Oct 29
PARAMUS, N.J.----VORNADO REALTY TRUST today announced that its Board of Trustees has declared the following quarterly preferred dividends: Series A Convertible $ .8125000 per share Series E Cumulative Redeemable $ .4375000 per share Series F and H Cumulative Redeemable $ .4218750 per share Series G and I Cumulative Redeemable $ .4140625 per share
posted by Tom Freke on Oct 29
For Yell, the publisher of Britain’s Yellow Pages directories, there is a world of difference between 90 and 95 percent.
The lower figure is the amount of lenders backing its debt financing plan, the higher figure is the amount it needs. If it falls short of its target this evening, the company may need to go to the court to push through a deal.
(News story here.)
The proposals are vital to the heavily indebted company’s short-term future, allowing it to rejig its capital structure and tap equity investors for up to 500 million pounds.
However, the size of the company’s lender group - 300 banks and funds - is working against it. Trying to get all the lenders signed up to the debt deal has been as difficult as herding cats, bankers say.
Going to the courts for approval can be lengthy and expensive, lawyers say. For Yell, a court case may mean they will miss tapping the equity markets before the end of the year. This will disappoint, as the equity markets have backed a range of weak companies in recent weeks, such as HeidelbergCement and Ladbrokes.
Yell may need to hope their generous spirit continues into the new year.
posted by Yahoo! News Search Results for dividends on Oct 29
Healthy cash margins and confidence in hitting its annual production target of up to 1.2 million ounces gold has prompted Lihir Gold to resume dividends payments and consider a capital return to shareholders.
