Category Archives: equity trading

Eastern Property Holdings announces acquisition of 100% of the A-Class office building Hermitage Plaza in Moscow

Eastern Property Holdings (“EPH” or the “Company”) would like to announce that it has acquired ownership of the A-Class office complex Hermitage Plaza located in Tverskoy central district of Moscow, in the center of Moscow`s business life. The cash payment for the acquisition of the property amounts to US$ 195 million, subject to possible post-completion adjustments.

Hermitage Plaza is a multi-storey A-Class business center fronting on Garden Ring, one of Moscow`s most important transport routes, and located in proximity to the Kremlin area and close to Mayakovskaya and Novoslobodskaya metro stations. The business center was fully renovated and opened in 2006. Hermitage Plaza with a total leasable area of above 30,000 sqm is fully rented out to mainly one tenant, Russian Telecommunication Company Vimpelcom.

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TVA Group Closes Acquisition of Vision Globale Assets

TVA Group (TSX:TVA.B), a subsidiary of Quebecor Media, announced today that it has closed the acquisition of the assets of Vision Globale after obtaining Competition Bureau consent for the transaction.

Vision Globale has distinguished itself in the film and television industry with its soundstage and equipment leasing services and film and television post-production services. The acquired assets include the movie and television studios Mel’s in Montreal and Melrose in Saint-Hubert, facilities that are used for both local and foreign film and television production, including American blockbusters.

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Thomson Reuters Introduces New Merger Arbitrage Dataset to Support Event-Driven Hedge Fund Managers

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today announced the launch of a new mergers and acquisitions (M&A) dataset to support event-driven hedge fund managers. Thomson Reuters M&A data provides the global asset management and alternative investment management industries with comprehensive coverage of M&A activity worldwide.

Thomson Reuters M&A data incorporates over 900,000 M&A events announced since the late 1970s, currently available to clients through a flexible suite of datafeed offerings. This comprehensive M&A transaction coverage is now accompanied by a new event history companion dataset that features time series data through the evolution of the deal. The multidimensional view of the dates, valuations and events, from announcement to completion, empowers advanced quantitative modeling of completion probability, timeframes and risks over time while delivering competitive insight to asset managers and alternative asset managers worldwide.

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American, US Air will fight gov’t on merger

The Justice Department and a number of state attorneys general on Tuesday challenged a proposed $11 billion merger between US Airways Group and American Airlines’ parent company, AMR Corp.

US Airways shares fell more than 10 percent at one point in active trading. The two airlines strongly defended their combination.

An American Airlines plane (left) and a USAirways jetliner at Dallas-Fort Worth.

“We will mount a vigorous defense and pursue all legal options in order to achieve this merger and deliver the benefits of the new American to our customers and communities as soon as possible,” they said in a statement.

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MARKET REPORT: Footsie falters despite flurry of M&A news

In the first session of the week, a flurry of M&A news offered a welcome distraction from the dire economic consequences of the ever sliding price of crude oil and the run on commodities, but the Footsie nevertheless closed at a two-week low.

Vodafone fell 6.75p to 227.2p on unconfirmed reports the telecoms group is considering acquiring Liberty Media.

The Footsie closed to a two-week low yesterday as mineral-exposed companies fell

However, Balfour Beatty was in demand after receiving a £1billion approach for its lucrative Public Private Partnership division from the John Laing Infrastructure Fund, which intends to finance the offer with a major rights issue. Shares were up 7.8p to 191.1p.

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Ve acquires GDM Digital in eight figure deal

GDM currently works with companies including Microsoft, Coral, Lufthansa, IBM, Virgin Active and Audi. All 42 staff at GDM will be retained, bringing Ve’s total staff numbers to over 500, working in 18 offices worldwide.

GDM, which specialises in performance trading and real-time biddable media, will now offer clients the VePlatform to acquire, engage and convert customers at every stage of the e-commerce journey, in addition to a complete digital advertising service.

Ve is looking to expand its digital marketing offering

David J. Brown, CEO and co-founder of Ve, said: ‘What sets GDM apart from other ad tech companies is the incredible skill set and expertise of its staff. With all 42 of GDM’s talented staff on board, Ve will be able to expand its digital marketing offering rapidly.

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The new rules of M&A attraction

BRUCE WASSERSTEIN was probably the most famous mergers and acquisitions (M&A) banker on Wall Street in the 1980s and 1990s. Yet “Bid ‘em up Bruce”, who died in 2009, was ambivalent about his trade. The best rainmakers were capable men, he once wrote, but dealmaking also attracted “hustlers and swaggering mediocrities”. And whereas takeovers made the business world more dynamic, they also led to “pain, dislocations and blunders”.

Whether dealmaking is sensible is once more an important question, because M&A are back with a vengeance, after a lull following the financial crisis. Worldwide, $3.6 trillion of deals have been announced this year, reckons Bloomberg, an information provider, approaching the peak reached in 2007. In pharmaceuticals (see article) and among media firms the activity is frantic. Deals worth more than $10 billion are again common. America and Britain, with their open markets for corporate control, account for a disproportionate share of the action. So do cross-border deals, which have risen from a sixth of activity in the mid-1990s to 43% today.

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