Tag: us

Tesla – Rollercoaster On The Market

Tesla Inc. (Nasdaq: TSLA) – market cap as of 29/09/2018: USD 45.17bn Recent History Tesla Inc. has been on the front page of newspapers since its IPO in 2010. Elon Musk, its charismatic CEO and Chairman, is one of the most famous entrepreneurs in current times and he has been able to transform a small […]

Renesas-IDT: the revamp of deals in the chipmaking industry

Renesas Electronics Corp. (TYO: 6723) – market cap as of 17/09/2018: ¥1.21tn Integrated Device Technology Inc. (NASDAQ: IDTI) – market cap as of 17/09/2018: $6.05bn Exchange rate: 1 JPY (¥) = 0.0089 USD ($) Introduction On September 11, 2018, Japanese Renesas Electronics Corp. (“Renesas Electronics”), a global player in the field of advanced semiconductor solutions, […]

US vs China: Who is Going to Ship more?

Introduction Trade wars and tit-for-tat tariff threats between the two largest national economies should not be expected in a world embracing trade integration and common regulation through institutions such as the World Trade Organisation (WTO). However, this is exactly what we are currently observing in a US-led, politically motivated upheaval against Chinese trade practices, that […]

Novartis-AveXis: an $8.7bn gene repair

Novartis AG (SIX: NOVN) – market cap as of 20/04/2018: CHF204.12bn AveXis Inc (NASDAQ: AVXS) – market cap as of 20/04/2018: $7.62bn Introduction On April 9, Novartis submitted an offer to acquire all the shares of the American gene therapy group AveXis. The Swiss drugmaker offered an 88% premium adding up to an $8.7bn deal. […]

When “subject to regulatory approval” means troubles: forms of government intervention in M&A transactions

Introduction A persistent financial crisis, the rising of regional tensions, the concerns of a trade war and many other facts have recently been catching up with the M&A-friendly international environment. Protectionism seems now to pervade the new world order. Rising economic nationalism is threatening to impact M&A activity across all over the world, as governments […]

The end of offshore insurers’ loopholes: Axa to acquire XL Group for $15bn in cash

XL Group Ltd (NYSE:XL) – market cap as of 09/03/2018: $14.4bn Axa SA (EPA:CS) – market cap as of 09/03/2018: €54.5bn Introduction On the March 5, 2018, the French insurer Axa announced its intention to buy 100% of Bermuda-based XL Group, which also operates in the insurance industry, for $57.6/share. The implied valuation of Bermuda’s […]

Cerberus buys major share in BBVA’s real estate assets riding the wave of the Spanish roaring housing market

Banco Bilbao Vizcaya Argentaria S.A. (BBVA:MCE) – market cap as of 1/12/2017: €47.17bn Introduction On November 29, 2017, it was announced that BBVA had sold to the American fund Cerberus the bulk of its real estate business in Spain. Through this operation, the Spanish bank will reduce by 70% its gross property exposure, which currently […]

The Effects of E-Commerce on Shopping Malls and on the Consumer Retail Sector – a US Case Study

  Introduction This article will focus on the disruptive effects that e-commerce has on both the real estate and consumer retail sector. Subsequently, the paper will address Amazon and Walmart, as the former represents the incumbent driving this transition and the latter represents one of the main players being affected by the advent of online […]

Market Recap 07-05-2017

United States The S&P 500 closed the week at $2,399.29, a record high and up 0.63% when compared with the close of the previous week. During the week several important announcements have been released; first of all the Federal Reserve decided to leave interest rate unchanged at 0.75%-1.00% following the slowdown in growth experienced by […]

Market Recap 30-04-2017

United States After the French election relief and solid first quarter earnings reports the US equities finished the week higher. Slightly more than half of the S&P 500 has reported, showing positive signs of improving economic growth, with best performers tech and industrial companies. The S&P 500 after the rally at the beginning of the […]

The FED and the Balance Sheet: Shrinking the Giant

Trump’s election and his plan of loose fiscal policy put upward pressure on US inflation. In order to cool down the economy on the verge of full employment, FED raised rates in December and March and has promised two other hikes in 2017. Hiking fed fund rates is not the only approach the FED can […]

Market Recap 23-04-2017

United States Amidst continued geopolitical uncertainty and mixed corporate earnings results, US equities experienced a week of sideways movement. Later in the week however, the major indices recovered some of their previous week´s losses as confidence in president Trump´s tax reforms strengthened again. US treasury secretary Steven Mnunich announced that a proposal for the tax […]

7-Eleven Owner Upgrades: Seven & i Holdings to Purchase Sunoco’s Assets for $3.3bn

Seven & i Holdings Co Ltd. (TYO: 3382) – market cap as of 07/04/2017: ¥4.11tn ($37.0bn) Sunoco LP (NYSE: SUN) – market cap as of 07/04/2017: $3.38bn Introduction On April 6, 2017, the worldwide Japanese retail-store operator Seven & i Holdings Co. announced that it would acquire more than 1,000 gas stations and convenience stores […]

Market Recap 09-04-2017

United States US stocks took a break after last week gains. The S&P 500 fell 0.3% closing the week at 2355.54, while large-caps were flat with the Dow Jones at last week’s levels. One of the major drivers of financial markets was the FED releasing the minutes of its mid-March meeting. The minutes highlighted the […]

Market Recap 02-04-2017

United States The S&P 500 closed at $2,362.72, up 1.44% when compared with the beginning of the week, where opened at $2,329.11 following concerns about President Trump’s ability to secure the passage of the tax reform after failure of his healthcare reform. The other major U.S. equity indices, the Dow Jones Industrial Average and NASDAQ, […]

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