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Surf wear brand Billabong bought by Quiksilver owner

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The deal is a lifeline for the troubled firm, which has only turned a profit in one of the past five years. Queensland-based Billabong suffered a $58m wipeout last year, triple its loss for 2016. The company sells clothing under eight different brands and sponsors surf events around the world. Boardriders was formerly known as Quiksilver, and still sells clothing under its original name. It is owned by US private equity fund Oaktree Capital Management, which was already a major Billabong investor. Well-established in both skiing and skateboardi... Read More »

Apple could easily buy Netflix Now, but here’s why it would be a surprising move

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With the newly passed tax cuts, Apple Inc. (AAPL) has an embarrassing amount of cash at its disposal. Among the uses for its windfall, Citigroup Inc. suggested in a recent note that the company could turbocharge its video strategy, which has struggled at times, by purchasing Netflix Inc. (NFLX) . Shares of Netflix gained about 4.8% to $201.07 on Tuesday, amid speculation about the company's fate and an upgrade from Macquarie Capital.  The gains put Neflix's market cap at just over $87 billion. Even if Apple paid a 20% takeover premium, the r... Read More »

Disney in talks to conclude takeover of 21st Century Fox

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Disney is reported to be close to finalising a deal to buy 21st Century Fox's entertainment division for around $60bn. Talks about a final price were continuing on Tuesday with some analysts saying it could go as high as $75bn. If it does go ahead it will one of the largest media deals in recent years. The assets that Rupert Murdoch's empire would be selling include the iconic 20th Century Fox film studios, as well as the Sky and Star satellite broadcasters in the UK, Europe and Asia. The other bidder, NBC owner Comcast, withdrew from the ra... Read More »

ECB announces details of the corporate sector purchase programme (CSPP)


The Eurosystem’s collateral framework – the rules that lay down which assets are acceptable as collateral for monetary policy credit operations – will be the basis for determining the eligibility of corporate sector securities to be purchased under the CSPP. The following technical parameters will apply: - The programme will start in June 2016. - Outright purchases of investment-grade euro-denominated bonds issued by non-bank corporations established in the euro area will be carried out by six Eurosystem national central banks (NCBs): Nat... Read More »

Eni: Report on the purchase of treasury shares


During the period from April 28 to April 30, 2014, Eni acquired n. 425,000 shares for a total consideration of € 7,914,038.79, within the authorization to purchase treasury shares approved at Eni’s Ordinary General Meeting of shareholders on 10 May 2013, previously subject to disclosure pursuant to art. 144-bis of Consob Regulation 11971/1999. ... Read More »

ArcelorMittal signs Sale and Purchase Agreement for sale of ATIC stake


ArcelorMittal and H.E.S. Beheer N.V. have signed a Sale and Purchase Agreement for the sale of ArcelorMittal’s 78% stake in European port handling and logistics company ATIC Services S.A. (“ATIC”) to HES Beheer. HES Beheer currently holds 22% in ATIC. This transaction would give HES Beheer 100% ownership of ATIC. The transaction is consistent with ArcelorMittal’s stated strategy of selective divestment of non-core assets. The transaction is subject to the customary closing conditions, including but not limited to competition clearance, an... Read More »

ADCB grows SME and Equipment Finance Portfolio


The transaction follows a competitive bid process, and aligns with ADCB’s strategy to support the development of SME’s in the United Arab Emirates. Ala'a Eraiqat, Chief Executive Officer and Board Member of ADCB stated:"We are delighted to have successfully executed this transaction, which affirms ADCB's clear strategy to focus on the UAE and provide banking and financing support to SMEs, which represent a critical component of the UAE economy.” He continued: “ADCB will significantly enhance its market leading and award winning SME franch... Read More »

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