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Stock Market & Financial Investment News

News Breaks
February 6, 2013
10:26 EDTFTE, BX, DTEGY, KKRBuyout groups in talks for funds for GBP10B EE bid, FT reports
A group formed by Apax and KKR (KKR) and another led by Blackstone (BX) and CVC Capital Partners are in talks with lenders to secure funding for a possible GBP10B bid for U.K. mobile operator EE, the Financial Times reports. The potential bidders are also said to be working on plans that would see France Telecom (FTE) and Deutsche Telekom (DTEGY), EE's owners, keep a stake of 15%-20%. Reference Link
News For KKR;BX;FTE;DTEGY From The Last 14 Days
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December 12, 2014
12:10 EDTKKRAdobe hits 52-week high after results beat estimates
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09:02 EDTBXKimco Realty to buy Blackstone 66.7% share stake in portfolio for $925M
Kimco Realty (KIM) announced that its subsidiary has executed a contract to acquire the remaining 66.667% interest in the 39-property Kimstone portfolio from its joint venture partner, a subsidiary of Blackstone Real Estate Partners VII (BX) for a price of $925M, which includes the assumption of approximately $426.7M in mortgage debt. The company will pay approximately $512.3M to acquire BREP’s interest. Kimco will use a combination of proceeds from recently completed and pending property sales in the U.S. and Latin America as well as availability under its existing $1.75B revolving credit facility to fund this transaction which is expected to be completed in the first quarter of 2015. Upon closing, Kimco will own 100% of the portfolio. The portfolio consists of 39 properties totaling 5.6M square feet and is approximately 97% occupied. The properties in the portfolio are concentrated in the core markets of New York, Virginia, Texas, Florida, California, and Maryland. The portfolio has a three-mile average household income level of $92,000 and an average base rent per square foot of $15.83, both of which exceed Kimco’s current portfolio averages.
08:09 EDTBX, KKRBofA/Merrill financial analysts hold an analyst/industry conference call
Banks Analyst Najarian, along with Capital Markets Analyst Carrier, Specialty Finance Analyst Bruce discuss the year ahead in Financials, covering the Banks, Capital Markets, Life and P/C Insurance, REIT, Specialty Finance and Canadian Banks/Life Insurance sectors on an Analyst/Industry conference call to be held on December 16 at 10 am.
December 11, 2014
18:07 EDTKKRKKR, United Water sign utility partnership with Borough of Middletown, PA
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16:44 EDTKKRKKR to sell Fotolia to Adobe for $800M
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07:49 EDTBXThe New York Times to hold a conference
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07:21 EDTBXShell starts sale process for Tongyi JV stake, WSJ reports
Royal Dutch Shell (RDS.A) has started the sale process for 75% its stake in a Chinese oil lubricants business in a deal that could fetch up to $500M, The Wall Street Journal reports, citing sources. Blackstone (BX) is in a "strong" position in first round bids for the Tongyi oil lubricants joint venture, the sources say. Reference Link
05:54 EDTBXBlackstone implied volatility of 23 at lower end of index mean range
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December 9, 2014
09:21 EDTDTEGYBT leaning toward O2 acquision over EE purchase, Bloomberg says
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07:45 EDTBXGoldman to hold a conference
U.S. Financial Services Conference is being held in New York on December 9-10.
06:08 EDTDTEGYFireEye announces partnership with Deutsche Telekom
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December 8, 2014
08:05 EDTBXHudson Pacific to acquire EOP portfolio from Blackstone for $3.5B
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07:24 EDTBXBlackstone to sell $3.5B of California properties to Hudson Pacific, WSJ says
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06:15 EDTBXBlackstone implied volatility of 21 at lower end of index mean range
December 4, 2014
17:11 EDTKKRKKR to acquire minority interest in Arbor Pharmaceuticals, terms not disclosed
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10:08 EDTBX, KKROn The Fly: Analyst Initiation Summary
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05:32 EDTBXBlackstone initiated with an Overweight at Barclays
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05:31 EDTKKRKKR initiated with an Overweight at Barclays
Target $26.
December 3, 2014
10:16 EDTKKRNext Issue Media confirms $50M investment by KKR
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06:56 EDTKKRKKR invests in Next Issue Media, WSJ reports
KKR invests in Next Issue Media, a Netflix-like subscription service that offers unlimited access to as many as 145 magazine titles for a monthly fee, reports the Wall Street Journal. Next Media said it has closed a $50M financial round with KKR. Next Issue plans to use the funds to ramp up its marketing as it seeks to become a leading digital-media business.Reference Link
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