dollar posts
FeedPosted May 28th 2008 8:00AM by Jon Ogg (RSS feed)
Filed under: Rumors, Private equity industry, Value and lack thereof
24/7 WallSt.com has come up with a list of
11 targets that could fall under foreign ownership. These deals should become easier and easier for foreign entities or sovereign wealth funds if the extreme weakness in the dollar continues. However, the dollar's slide may be interrupted, as our interest rate futures are calling for more than a
100-basis point rise.
Our country and our companies have increasingly become targets for foreigners buying assets on the cheap. The trick is determining which ones have no impact on US national security so that the Committee on Foreign Investment in the United States and other watchdogs don't file to block the merger.
Major U.S. companies failed to move aggressively after the Asian Contagion in 1998, which was their last chance to buy foreign properties at a discount. Now that The US Dollar has become the US Peso, it seems that the U.S. could see many US-based companies become foreign acquisition targets.
This may be the post-American cycle taking effect or the flattening out of the world. Whatever it ends up being, it isn't going to be without controversy and without change. You can
read the full story from 247WallSt.com to see the list of eleven possible deals of public US companies as well as a list of eleven other current US brands that are now foreign-owned.
Posted Oct 8th 2007 9:16AM by Paul Foster (RSS feed)
Filed under: Deals, Management, Rumors, Financials and analyticals, Engagements, Investments
Intercontinental Exchange(NYSE:ICE) closed at $157.76. ICE has been frequently mentioned as a potential consolidation candidate over the last 16-months. On 10/2/07 ICE reported September 2007 contract volume rose 33.7% compared to September 2006. ICE is expected to report EPS in October. ICE over all option implied volatility of 44 is below its 26-week average of 48 according to Track Data, suggesting decreasing price movement.
SAP AG(NYSE:SAP), a German software company, announced its $6.8 billion takeover of Business Objects(NYSE:BOBJ), a global provider of business intelligence software solutions BOBJ. Cowen says: "1) What other dilutive deals the company is considering further reducing ROIC? 2) Why SAP paid so much (relatively) for a company that announced 3Q earnings shortfall the same day it got bought, and 3) can the company integrate such a large acquisitions?"
Daily M&A Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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