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News Breaks | | | | January 2, 2013 | | 10:06 EDT |  | MCP, NSANY, SI | Molycorp rises after Bloomberg says company could be takeover target
Shares of rare earth mining company Molycorp (MCP) are trading higher this morning after a Bloomberg "Real M&A" article said the company could be a takeover target. According to data compiled by Bloomberg, Molycorp, which owns the largest U.S. deposit of "rare earth" metals that go into everything from smartphones to hybrid cars, is trading at a 19% discount to its book value. The company's stock slid 61% in 2012 as it faced problems like slumping prices of rare earths, the departure of its CEO, cost overruns at its California mines and a regulatory probe. Byron Capital Markets believes manufacturers from Nissan (NSANY) to Siemens (SI) could be interested in making a bid for Molycorp, according to Bloomberg. The report also noted that Robert W. Baird & Co believes the $1.3B company could appeal to private-equity firms, but mining companies may not be as eager to pursue the company, and that Goldman Sachs believes Molycorp could fetch $15 per share in a takeover, a 59% premium to its close on December 31. Molycorp advanced $1.43, or 15.15%, to $10.87 in early-morning trading. | |
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News For MCP;SI;NSANY From The Last 14 Days Check below for free stories on MCP;SI;NSANY the last two weeks. |
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| May 24, 2013 | | 06:05 EDT |  | SI | FDA targets IPhone urinalysis app, Bloomberg reports
 Subscribe for More Information | | | May 23, 2013 | | 10:17 EDT | | SI | Nokia Siemens Networks, Intel sign collaboration MoU
Nokia Siemens Networks (NOK, SI) and Intel (INTC) announced they signed a Memorandum of Understanding to collaborate around the development of Liquid Applications, an approach to accelerate the delivery of media-rich services and content directly from the base station. The intent of the collaboration is to accelerate development of an enhanced mobile broadband experience that gives operators new revenue and differentiation opportunities. Nokia Siemens Networks and Intel will collaborate in the creation of a mobile edge computing ecosystem, focusing on over-the-top content providers, independent software vendors and application service providers. The parties will also explore new business models between mobile operators and other ecosystem players, they said. | | | 09:55 EDT | | MCP | Industry sources: U.S. rare earth demand is improving, Metal Pages reports
Subscribe for More Information | | | 05:54 EDT | | NSANY | Nissan to recall 841,000 vehicles for steering wheel problem, Reuters reports
Subscribe for More Information | | | May 21, 2013 | | 16:04 EDT |  | MCP | Options Update; May 21, 2013
Subscribe for More Information | | | 09:42 EDT | | MCP | Active equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL HD MCP ABX TSLA C | | | 09:19 EDT | | MCP | China rare-earth exports rose 28% in April from prior month, WSJ says
Subscribe for More Information | | | May 19, 2013 | | 14:28 EDT | | NSANY | Nissan expands in Japan minicar market, Bloomberg reports
Subscribe for More Information | | | May 14, 2013 | | 10:32 EDT | | NSANY | GM to source small cargo vehicle from Nissan for U.S., Canada markets
Subscribe for More Information | | | 06:12 EDT | | NSANY | Audi sales growth surges in China, Bloomberg reports
Subscribe for More Information | | | | May 13, 2013 | | 12:55 EDT | | NSANY | Nissan CEO looking to double U.S. sales by 2017, Automotive News says
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