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Stock Market & Financial Investment News

News Breaks
January 18, 2013
10:27 EDTGE, DB, LIFE, TMOLife Technologies surges after buyout report but analysts cautious
Life Technologies (LIFE) is climbing sharply after The Financial Post reported last night that the company is looking to sell itself by the middle of February for $65-$75 per share, according to unnamed sources. The company, which sells a variety of life sciences products, hired two firms, Deutsche Bank (DB) and Moelis & Co., to facilitate a sale of the company to either a private equity firm or a larger company, the newspaper added, citing documents. Life Technologies stated earlier today that it had hired Deutsche Bank and Moelis to "assist in its annual strategic review." The company added, however, that its board had not decided on any specific course of action. In a note to investors earlier today, Jefferies analyst Jon Wood wrote that Life Technologies is more likely to be acquired for $50-$60 per share in a leverage buyout. Wood maintained a $58 price target and Buy rating on the shares. Meanwhile, Piper analyst William Quirk wrote in a note to investors that the company may be planning a leveraged buyout. Several companies including Roche (RHHBY), Thermo Fisher (TMO), and GE (GE) could look to buy Life Technologies, Quirk added. However, about 43% of Life's revenues are obtained from selling slow growth research consumables, making it an inferior target compared with other companies in the sector that specialize in faster growing next-generation sequencing products, the analyst contended. He maintained a $45 price target and Neutral rating on the shares. Additionally, ISI Group said the company's high debt levels makes a leveraged buyout challenging and that a restructuring or recapitalization is the most likely outcome. In early trading, shares of Life Technologies rallied $6.42, or 11.68%, to $61.51.
News For LIFE;TMO;GE;DB From The Last 14 Days
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January 22, 2015
10:03 EDTGEOn the Fly: Analyst Initiation Summary
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08:02 EDTGEGE Capital's TMT financing business says completed over 50 transactions in 2014
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06:23 EDTGEGE to pay $464M more in Alstom energy assets deal, WSJ reports
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January 21, 2015
16:13 EDTGEGeneral Electric initiated with a Buy at UBS
Target $30.
12:39 EDTGEGeneral Electric January weekly volatility elevated into Q4 and outlook
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January 20, 2015
17:26 EDTGEGeneral Electric awarded $325M government contract
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11:23 EDTGEEU to decide on GE, Alstom deal by February 23, Reuters reports
Antitrust regulators in the European Union will decide by February 23 whether to approve General Electric's (GE) planned acquisition of most of Alstom's (ALSMY) power equipment unit, Reuters reports. French authorities have already approved the planned deal after GE agreed to create jobs and form an energy joint venture with Alstom. Reference Link
06:48 EDTGEGE financing A350 jet with Rolls-Royce engine, Reuters reports
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January 16, 2015
09:09 EDTDBDeutsche Bank, Barclays lost 'tens of millions' on Swiss franc, WSJ says
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January 15, 2015
06:42 EDTDBECB most likely will unveil bond buying program, NY Times says
The European Central Bank is "all but certain" to announce at its next meeting that it will buy government bonds, according to The New York Times. But the ECB may announce that it will buy bonds but say that it will only provide details about the program in March, some believe, the newspaper reported. Some economists contend that the initiative could be a case of "too little, too late," The Times added. Publicly traded European banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link
06:01 EDTGEMcDermott and GE launch io oil & gas consulting
McDermott (MDR) and GE Oil & Gas (GE) launched io oil & gas consulting, a new independent venture to transform front-end offshore field development. io will consider the full field as one system and have the technical insight to develop every aspect of the front-end solution. McDermott’s investment in io aligns with the company’s strategy to become more client-focused and responsive to operators’ challenges.
05:22 EDTGEGE Oil & Gas, McDermott launch io oil & gas consulting
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January 14, 2015
11:15 EDTDBDeutsche Bank mulling separation of retail division, Reuters reports
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06:44 EDTDBTop court official backs ECB bond buying, NY Times reports
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January 13, 2015
11:09 EDTTMOThermo Fisher tracking for greater than $100M cost synergies in 2014
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11:01 EDTDBDeutsche Bank considering cutting jobs, selling assets, Bloomberg reports
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07:42 EDTTMOJPMorgan to hold a conference
33rd Annual Healthcare Conference is being held in San Francisco on January 12-15 with webcasted company presentations to begin on January 13 at 10:30 am; not all company presentations may be webcasted. Webcast Link
07:30 EDTDBDeutsche Bank to hold a conference
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07:15 EDTDBDeutsche Bank considering sale of Postbank retail unit, WSJ reports
Deutsche Bank is considering a sale of its Postbank retail unit, according to the Wall Street Journal, citing sources and an internal document. The retail unit is being examined as part of a continuing strategy review, which will be unveiled in the spring. Reference Link
January 12, 2015
06:28 EDTDBDeutsche Bank to unveil details of restructuring plan in Q2, Reuters says
Deutsche Bank will announce details about its restructuring plan next quarter, the bank's senior management stated in a memo obtained by Reuters, according to the news service. Reference Link
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