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Stock Market & Financial Investment News

News Breaks
June 19, 2014
06:30 EDTNBL, DKCNOOC in talks to acquire buy 30%-40% of Aphrodite field, Globes says
China Naitonal Offshore Oil Corp., or CNOOC is in talks to acquire 30%-40% of the Aphrodite gas field in Cyprus, reports Globes, citing unnamed sources. Noble Energy (NBL) owns 70% of the field and Delek's (DK) Avner Oil and Gas and Delek Drilling Limited Partnership own 15% each. The field has an estimated 4.1T cubic feet of natural gas. Reference Link
News For DK;NBL From The Last 14 Days
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May 22, 2015
10:03 EDTDKHigh option volume stocks
High option volume stocks: HBB RENN ONTY LGF JMEI DK JO INTU TFM
May 20, 2015
07:26 EDTNBLUBS to hold a conference
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May 19, 2015
09:45 EDTNBLNoble Energy upgraded to Buy from Neutral at Global Hunter
07:44 EDTNBLCowen sees energy M&A focusing on accretive deals from non-core assets
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May 15, 2015
17:33 EDTNBLPoint72 Asset Management gives quarterly update on stakes
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17:08 EDTNBLSoros Fund gives quarterly update on stakes
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16:21 EDTNBLStocks end week little changed as data, deals offset bond yield jumps
Stocks ended the week little changed as a number of M&A deals and a few relatively strong economic data points offset worries about rising bond yields. MACRO NEWS: U.S. weekly jobless claims came in better than expected and reached the lowest four-week average level in 15 years... In Europe, the combined GDP of the 19 eurozone countries grew 0.4% in the first quarter, which was a bit weaker than the 0.5% consensus growth forecast but a pickup from the 0.3% growth pace of the final quarter of last year. Of note, all four of the euro zone's largest economies recorded growth in the same quarter for the first time since the first half of 2010... The People's Bank of China reduced its one year interest rate by 0.25%, marking the third time in the last six months that the central bank has cut benchmark rates... Bond yields surged in many of the world's largest economies, raising worries about inflation and putting pressure on stocks in the beginning of the week. COMPANY NEWS: There was a significant amount of M&A activity again this week, with the headliner being Verizon's (VZ) deal to acquire AOL (AOL) for $50 per share in a transaction valued at $4.4B. Danaher (DHR) agreed to buy purification technologies supplier Pall Corporation (PLL) for $127.20 per share in cash. Danaher also announced that it plans to split itself into two publicly traded companies. Energy infrastructure company Williams (WMB) announced a simplification deal to buy its affiliate Williams Partners (WPZ) for $13.9B in an all-stock transaction. Energy exploration company Noble Energy (NBL) agreed to acquire Rosetta Resources (ROSE) in an all-stock deal. Noble is buying Rosetta for $2.1B in stock plus the assumption of Rosetta's net debt of $1.8B... Alibaba (BABA) acquired a 9.3% stake in Zulily (ZU), an e-commerce retailer geared toward women. A person familiar with the matter reportedly told the Wall Street Journal that the Chinese e-commerce giant is not pursuing an outright acquisition of the U.S. company, however... Shares of Netflix (NFLX) jumped Friday and hit a new all-time high after Bloomberg reported that the company is in talks with Wasu Media, a Chinese media company backed by Alibaba Executive Chairman Jack Ma, about forming a partnership to bring its content to China... Nelson Peltz's Trian Fund Management lost its proxy fight with DuPont (DD) as Trian did not succeed in getting its nominees elected to the DuPont board. INDEXES: For the week, the Dow rose 0.45% to 18,272.56, the Nasdaq gained 0.89% to 5,048.29, and the S&P 500 climbed 0.31% to 2,122.73.
May 14, 2015
17:02 EDTDKDelek US completes acquisition of 48% ownership interest in Alon USA Energy
Delek US Holdings (DK) announced that it has completed the acquisition of approximately 33.7M shares, or approximately 48% of the outstanding shares, of Alon USA Energy (ALJ) common stock from Alon Israel Oil Company. Five seats on the eleven-member Alon USA board of directors previously held by Alon Israel representatives have been filled by representatives from Delek US. This includes Delek US Chairman, President and CEO Uzi Yemin who has been named as the chairman of the Alon USA board. Prior to commencing negotiations with Alon Israel, Delek US entered into a stockholder agreement with Alon USA. During the first year following the closing of this transaction, the stockholder agreement allows Delek US to acquire up to 49.99% of the outstanding shares of Alon USA at its discretion, with additional ownership above this threshold subject to the approval of the independent members of Alon USA’s board of directors. The stockholder agreement will expire on May 14, 2016, and Delek US will then have no further restrictions under this agreement related to increasing ownership in Alon USA.
May 13, 2015
14:16 EDTNBLIsrael considering exempting Jordan gas shipments from quota, Globes says
The Israeli government is considering excluding natural gas shipments to Jordan from the Israeli gas export quota, according to Globes. Since Noble Energy and its partners in Israel's gas fields have signed a $15B, 15 year deal to supply natural gas to Jordan, the measure would effectively enable the consortium to export more gas, the newspaper noted. Reference Link
09:38 EDTDKCitadel Advisors reports 5.6% passive stake in Delek US
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May 11, 2015
16:25 EDTNBLOn The Fly: Top stock stories for Monday
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12:51 EDTNBLOn The Fly: Top stock stories at midday
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08:47 EDTNBLNoble Energy deal likely to disappoint investors, says Wells Fargo
After Noble Energy (NBL) bought Rosetta Resources (ROSE), Wells Fargo says that the Street will probably be disappointed by the deal. The firm says that Rosetta's Eagle Ford assets are tier 2 and more gassy than its Delaware acreage. The firm keeps a Market Perform rating on Noble.
08:23 EDTNBLRosetta Resources volatility flat into Noble Energy acquiring for $2.1B
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07:47 EDTNBLNoble Energy to host conference call
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06:35 EDTNBLNoble Energy acquires Rosetta Resources in all-stock deal valued at $2.1B
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06:32 EDTNBLNoble Energy acquires Rosetta Resources in all-stock deal valued at $2.1B
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