Launch VideoHomepage >>>
When ConAgra Foods Inc. said on Nov. 27 it would buy Ralcorp Holdings Inc. for $6.7 billion, ConAgra’s stock climbed 4.7 percent. Similarly, when M&T Bank Corp. agreed to buy Hudson City Bancorp for about $4.3 billion Aug. 27, M&T shares shot up 4.6 percent the day of the announcement. To continue reading click here
Chris Garabedian, President and Chief Executive Officer of Sarepta, told Bloomberg Brief: Healthcare Finance’s Elizabeth Krutoholow that the results seen with lead drug eteplirsen for Duchenne Muscular Dystrophy (DMD) have provided proof-of-concept to support the company’s phosphorodiamidate morpholino oligomer technology. He said the company will focus on DMD and eventually other rare genetic diseases. Sarepta [...]
By Dana Wilkie Principal Financial Group Inc., the seller of life insurance and retirement products, is seeking to exit banking to limit U.S. oversight. The insurer filed a draft application to end its status as a savings and loan holding company to avoid Federal Reserve regulation that may limit investing and require the Des Moines, Iowa-based company to [...]
By RADI KHASAWNEH Hedges added after a boom in variable annuity sales last year caused losses for MetLife Inc. and Prudential Financial Inc. in the third quarter. MetLife reported a $1.09 billion loss on a portfolio of derivatives that include variable annuity hedges in the third quarter, according to a Nov. 7 filing with the Securities and Exchange Commission. To continue reading click here This is just a sample article [...]
Credit Suisse AG is searching for equity long/short and fixed incomerelated absolute return strategies to add to its pair of UCITS-only multi-manager programs, according to Oliver Wiedemeijer, portfolio manager of the programs. To continue reading click here:
By Bill Rochelle Bankruptcy Judge Shelley Chapman in New York transferred venue of the Patriot Coal Corp. reorganization to St. Louis this week. Saying she had “considerable regret” about the move, Chapman really had no choice. Patriot incorporated two subsidiaries in New York on the eve of bankruptcy. Otherwise, there were no venue “hooks” in New York. [...]
Leveraged buyout volume could rise by 25 to 70 percent in 2013, pending resolution of the fiscal cliff. Investment banks are approaching consulting firms such as Alvarez & Marsal, which advises both buyers and sellers on LBOs, for due diligence on companies intended to be sold in the first quarter of next year. To continue reading click here
U.S. investors are buying 65 percent more notes linked to a basket of U.K., European and Japanese stock indexes this year, spurred by a 12 percent average gain in the benchmarks since May. Banks have sold $908 million of U.S. notes tied to the Euro Stoxx 50 Index of the 50 largest euro-area companies, the U.K.’s FTSE 100 Index, and Japan’s Tokyo Stock Price Index, known as the Topix [...]
Traders are betting Western Wind Energy Corp.’s executives will persuade suitors to top what’s already the most expensive valuation for an alternative-energy takeover on record. Shares of Western Wind, the Vancouver-based operator and developer of wind farms and solar projects that put itself up for sale in July, closed yesterday 11 percent above a C$2.50-a-share proposal from Brookfield [...]
