$RACE, $DIS Ever since the merger of Disney and Fox closed earlier this year, the fate of the Fox has been a Big Q. While its new corporate parent has done everything to assure folks that it will not fall over, recent developments have thrown the fate of those decisions into question. The next 2 […]
$FCAU, $RNLSY Fiat Chrysler (NYSE:FCAU) crafted and presented a balanced merger of equals to Renault (NASDAQ:RNLSY) Monday to tackle the costs of far-reaching technological and regulatory changes by creating the world’s 3rd-biggest automaker. If it goes ahead, the $37-B tie-up would alter the landscape for rivals including General Motors (NYSE:GM) and Peugeot maker PSA Group […]
Barrick (ABX) Buying Randgold (GOLD) for $18.3-B Forming Giant Global Gold Miner $ABX, $GOLD Barrick Gold (NYSE:ABX), the world’s largest Bullion producer by value, is about to become even bigger as it has agreed to buy Randgold Resources (LON:RRS, OTCMKT:GOLD) in a $18.3-B share deal, the biggest in the gold sector in the past 3 years. The […]
US Approved Bayer’s Acquisition of Monsanto (NYSE:MON) $MON, $BAYRY German drugs and pesticides group Bayer AG (OTCMKT:BAYRY) has reached a deal with the U.S. Justice Department for antitrust approval for its $62.5-B bid to acquire Monsanto Co. by agreeing to sell additional assets. The Justice Department reached an agreement in principle with the two companies […]
Abu Dhabi to Combine Sovereign Wealth Funds Creating $250-B ‘Behemoth’ Together Mubadala and Abu Dhabi Investment Council will be the world’s 11th largest sovereign wealth fund. The UAE emirate of Abu Dhabi is to combine two of its largest sovereign funds to create a behemoth with estimated assets of nearly $250-B. UAE President and Abu […]
Major Abu Dhabi Lenders Merge, Create UAE’s Largest Bank Two major lenders in the United Arab Emirates, the First Gulf Bank and the National Bank of Abu Dhabi, have completed a merger to become the largest bank in the country under the name First Abu Dhabi Bank. The new bank has total assets of $180-B […]
Is a Fiat-Chrysler (NYSE:FCAU) GM Merger on “The Fire”? $FCAU, $GM Sergio Marchionne, CEO of Fiat-Chrysler Automobiles NV, suggested that US President Elect Donald Trump might support the idea of General Motors Co (NYSE:GM) merging with his automobile company. Mr. Marchionne said he could still do 1 more big deal in his career, alluding to efforts […]
Carmike Cinemas Shareholders Approve $1.2-B AMC Merger $AMC, $CKEC Chinese-owned AMC Entertainment Holdings is on course to become the world’s biggest theater chain. AMC Entertainment Holdings (NYSE:AMC) has jumped another hurdle to becoming the world’s largest exhibitor. Chinese-owned AMC, the 2nd-largest US theater chain, Tuesday secured shareholder approval from Carmike Cinemas (NASDAQ:CKEC) for its amended […]
Media Industry Consolidation Coming on the Massive Changes in How People Watch TV $DIA, $SPY, $QQQ, $VXX The tie-up of AT&T Inc.(NYSE:T), and Time Warner Inc.(NYSE:TWX), bringing together 1 of the country’s largest wireless and pay TV providers and cable networks like HBO, CNN and TBS, could kick off a new round of industry consolidation […]
A Group of US Stocks that made Unusual Moves Friday $DD, $DOW, $IBM, $AA, $X, $NE HeffX-LTN tracked some unusual moves in the following stocks which played at part in the “why” the US market did not move higher Friday: E. I. du Pont de Nemours and Company (NYSE:DD) was down 1.9% to 67.66. The driving force […]
The Iconic Hotel Del Coronado Hotel Sold In $6.5-B “Packaged” Deal $BX, $HOT, $MAR China’s Anbang Insurance Group has bought the 128 year old iconic Hotel Del Coronado in a $6.5-B deal that includes the Strategic Hotels & Resorts. The hotel group, which also owns the Ritz-Carlton Half Moon Bay, the Westin St. Francis in San […]
FoMoCo (NYSE:F) says, “No interest in a Tie-up With Fiat-Chrysler $F, $FCAU Ford Motor Co (NYSE:F) is not interested in a tie-up with Fiat Chrysler Automobiles NV (NYSE:FCAU), CEO Mark Fields said Saturday, when asked about FCA head Sergio Marchionne’s remark that Ford could be a potential merger candidate. “I can’t speak to what Sergio […]