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Stock Market & Financial Investment News

News Breaks
January 3, 2014
08:50 EDTAIG, BAMAIG to sell Indian asset-management unit to Brookfield, Economic Times says
The private equity fund of American International Group (AIG) is closing its operations in India and has agreed to sell its asset-management business in the country to Brookfield Asset Management (BAM), according to Economic Times, citing a person with direct knowledge of the deal. Reference Link
News For AIG;BAM From The Last 14 Days
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May 1, 2015
09:19 EDTBAMAssociated Estates not providing outlook for remainder of 2015
Associated Estates (AEC) will also not affirm or update previously issued guidance range of FY15 EPS or FFO. This comes after the company's announcement that it had entered into an agreement and plan of merger with an affiliate of a real estate fund managed by Brookfield (BAM)
April 30, 2015
16:18 EDTAIGAIG reports Q1book value per share excluding AOCI and DTA $60.69
Book value per share excluding AOCI and DTA grew 14 percent from the first quarter of 2014 to $60.69
16:17 EDTAIGAIG announces $3.5B share repurchase program
On April 30, 2015, AIG’s Board of Directors authorized the repurchase of additional shares of AIG Common Stock with an aggregate purchase price of up to $3.5B and declared a quarterly dividend of $0.125 per share
16:16 EDTAIGAIG reports Q1 EPS $1.22, consensus $1.19
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15:01 EDTAIGNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Visa (V), consensus 62c... Gilead Sciences (GILD), consensus $2.32... American International (AIG), consensus $1.19... Public Storage (PSA), consensus $1.93... LinkedIn (LNKD), consensus 56c... BioMarin Pharmaceutical (BMRN), consensus (53c)... Expedia (EXPE), consensus 9c... Skyworks Solutions (SWKS), consensus $1.13... FleetCor (FLT), consensus $1.40... Eastman Chemical (EMN), consensus $1.60... Western Union (WU), consensus 38c... Fluor (FLR), consensus 98c... Fortune Brands Home & Security (FBHS), consensus 32c... Envision Healthcare (EVHC), consensus 26c... Agnico Eagle Mines (AEM), consensus 10c... FireEye (FEYE), consensus (51c)... Trimble Navigation (TRMB), consensus 30c... PerkinElmer (PKI), consensus 46c... Genpact (G), consensus 25c... athenahealth (ATHN), consensus 14c... Seattle Genetics (SGEN), consensus (19c)... HEALTHSOUTH (HLS), consensus 56c... Teradyne (TER), consensus 12c... Superior Energy (SPN), consensus (5c)... Eldorado Gold (EGO), consensus 2c... Regal Entertainment (RGC), consensus 12c... JDS Uniphase (JDSU), consensus 9c... MRC Global (MRC), consensus 18c... Boyd Gaming (BYD), consensus 9c... Ruckus Wireless (RKUS), consensus 8c... Cloud Peak Energy (CLD), consensus (12c).
April 29, 2015
11:42 EDTBAMBrookfield could target Home Properties or Post Properties, says dealReporter
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April 28, 2015
11:35 EDTAIGAIG May weekly volatility elevated into Q1 and outlook
AIG May weekly call option implied volatility is at 39, May is at 20, June is at 18, August is at 17; compared to its 26-week average of 21 according to Track Data, suggesting larger near term price movement into the expected release of Q1 results on May 1.
April 27, 2015
11:11 EDTBAMHome Properties takeover speculation not surprising, says Wells Fargo
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April 26, 2015
18:43 EDTBAMFinal bids for Crown Castle Australia due May 13, AFR says
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April 23, 2015
17:17 EDTAIGAir Lease settles AIG litigation, will pay $72M in total
In a regulatory filing, Air Lease (AL) reports that on April 22, 2015, it and certain executive officers and employees of the company entered into a settlement agreement and release with American International Group (AIG), International Lease Finance Corporation, and ILFC’s parent, AerCap Holdings (AER), to settle all ongoing litigation. Pursuant to the terms of the agreement, all claims and counterclaims asserted in the litigation will be dismissed with prejudice, each of the parties to the litigation will receive full releases of all claims and counterclaims asserted in the litigation, and Air Lease will pay AIG the sum of $36M no later than June 30, and an additional sum of $36M no later than September 30, which will be reflected in Air Lease's March 31 financial statements. No party admits any wrongdoing or liability with respect to any matter alleged in the litigation.
April 22, 2015
09:17 EDTBAMBrookfield agrees to acquire Associated Estates for $28.75 per share in cash
Associated Estates (AEC) announced its board has unanimously approved a definitive merger agreement under which a real estate fund managed by Brookfield Asset Management (BAM) will acquire all outstanding shares of common stock of Associated Estates for $28.75 per share in cash. The transaction is valued at approximately $2.5B including the assumption of debt. Completion of the transaction is contingent upon customary closing conditions. The company will convene a special meeting to seek the approval of Associated Estates shareholders, and the annual meeting previously scheduled for May 22, 2015 has been postponed indefinitely. The transaction is not contingent on receipt of financing by Brookfield. Closing is expected to occur in the second half of 2015. Associated Estates intends to pay the previously announced common stock dividend of 21c per share on May 1, 2015 to shareholders of record as of April 15, 2015. The Company does not expect to pay additional dividends prior to the closing of the merger.
April 21, 2015
07:51 EDTBAMBlackstone, Brookfield bid for A$9B of office properties, Globe and Mail says
Investa Property Group, Australia’s third-biggest owner of city center offices, is seeing interest from Blackstone (BX) and Brookfield Asset Management (BAM), as well as LaSalle Investment Management and China’s Fosun, for the A$9B portfolio of Australian office properties that Morgan Stanley (MS) is marketing on the company's behalf, said Bloomberg, citing people with knowledge of the matter. Reference Link
April 20, 2015
18:52 EDTBAMBrookfield 17.9M share Spot Secondary priced at $56.00
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16:41 EDTBAMBrookfield files to sell 17.9M Class A Limited Voting shares
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