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Stock Market & Financial Investment News

News Breaks
May 20, 2014
06:23 EDTKKRTreasury Wine rejects $2.85B offer from KKR, WSJ reports
Treasury Wine Estates has rejected a $2.85B takeover offer from KKR, the Wall Street Journal reports. The U.S. company offered A$4.70 per Treasury Wine share. Reference Link
News For KKR From The Last 14 Days
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December 22, 2014
16:44 EDTKKREncana announces agreement with Veresen Midstream
EnCana (ECA) announced it has reached an agreement with Veresen Midstream Limited Partnership, a 50/50 limited partnership of Veresen and affiliates of KKR (KKR), under which Encana and Cutbank Ridge Partnership, a partnership between Encana and Cutbank Dawson Gas Resources Ltd., a subsidiary of Mitsubishi Corporation, will sell certain natural gas gathering and compression assets supporting Montney development in the Dawson area of northeastern British Columbia. Total cash consideration to Encana under the transaction is approximately C$412M plus actual costs accrued in 2015. Veresen Midstream will provide gathering and compression services to Encana and the CRP under a fee-for-service arrangement in a dedicated area of mutual interest within the Montney. Veresen Midstream has agreed to undertake up to C$5B of new midstream expansion to support development within the Montney, which is a strategic growth asset for Encana. Encana, along with the CRP, plans to invest between $600M-700M in the play in 2015. The structure of the agreement reduces Encana's commitments compared to the typical "take-or-pay" fee structure embedded in traditional midstream arrangements. In addition, it increases Encana's financial flexibility and mitigates its exposure to long-term unutilized demand charges. Encana and its partner can make real-time decisions on expansions or delays of projects as necessary to align with its development plans and have the option to include processing as part of the service package. Encana will continue to operate the related facilities and lead future infrastructure construction on behalf of Veresen Midstream, which will oversee all commercial and other ownership activities. The arrangement includes a competitive fee structure that delivers mutually attractive rates of return and provides Veresen Midstream the incentive to effectively control costs and aggressively pursue third-party opportunities in the basin. The transaction includes the sale of existing infrastructure comprised of gas gathering and compression facilities located in the Dawson area, consisting of approximately 500 kilometres of pipeline and 675M cubic feet per day of compression. The transaction is subject to regulatory approval and typical closing conditions, and is anticipated to close in 1Q15.
December 18, 2014
06:59 EDTKKRKKR acquisition of Samson is 'cautionary tale' of shale boom, WSJ says
KKR's acquisition of Samson Investment is in negative territory, driven by falling oil prices, and offers a "cautionary tale" of the U.S. shale market boom, reports the Wall Street Journal. Reference Link
December 15, 2014
08:22 EDTKKRKKR initiated with an Overweight at Morgan Stanley
Target $29.
December 12, 2014
12:10 EDTKKRAdobe hits 52-week high after results beat estimates
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08:09 EDTKKRBofA/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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