Question-and-Answer Session Operator Operator Instructions Our first question comes from Michelle Clark of Morgan Stanley. Michelle Clark - Morgan Stanley A question for you -- the percent of stores that is localized today versus what the goal is over the next 12 months? And then I have a follow-up...
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Frank Mitsch - BB&T Capital Markets. Frank Mitsch - BB&T Capital Markets I wanted to ask about the shelf. I think you said Bob that the three areas that you would look to use it would be M&A,...
By Natsuko WakiLONDON (Reuters) - World stocks rose from the previous day's four-week low on Wednesday while the dollar slipped ahead of a policy decision by the Federal Reserve, expected to affirm its commitment to ultra-low interest rates.A survey showed the euro zone's dominant service sector expanded for the second...
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Marshall Adkins - Raymond James. Marshall Adkins - Raymond James I am going to leave it up to the next five guys to ask you about your backlog, ten different ways. I want to hear about your M&A stuff. It...
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Heather Wolf - UBS. Heather Wolf - UBS Just a couple of questions on the OTTI mark; first of all, can you give us a little bit more color on what piece of that was the private MBS...
SAN FRANCISCO (MarketWatch) - If news publishers with the heft of News Corp. start seeking out alternatives to Google Inc.'s online search index, it could have an intangible, but potentially significant impact on the Mountain View, Calif.-based Internet giant.
Internet search giant Google (Nasdaq: GOOG) said it acquired closely held Teracent Corp., a 3-year-old startup, in an effort to boost sales of visual Web advertisements. Terms of the deal weren't disclosed.
Google started its move into advertising last year with its $3.2 billion purchase of DoubleClick. Google is also in the process of buying AdMob, a startup specializing in ads for mobile devices, for $750 million.
Google had $22 billion in cash as of the end of September.
Peet's Coffee & Tea (Nasdaq: PEET) raised its offer for the wholesale roaster and distributor Diedrich Coffee Inc. (Nasdaq: DDRX) by about 24% to $265 million. The new offer values Diedrich at $32 a share, $2 a competing bid from Green Mountain Coffee Roasters (Nasdaq: GMCR).
Under the terms of Peet's revised proposal, Peet's said it will pay $19.80 in cash and 0.321 of one share of Peet's common stock for each share of Diedrich common stock. Investors sent Diedrich shares higher by nearly 30%, indicating they favor the new proposal and that Peet's could raise its offer again.
The main investors in TDC say they’re considering strategic options for the Danish telecom firm amid speculation about a possible initial public offering.
Google (Nasdaq: GOOG) announced its acquired Teracent, saying its "technology has great potential to improve display advertising on the web."
Leading advertisers and agencies use Teracent's platform to exploit increasingly rich and granular audience data available to them, in order to optimize their display ad campaigns. In addition to working directly with advertisers and agencies, Teracent platform also powers ad campaigns for some of the biggest ad networks and data providers.
Earlier this week, Applied Materials (AMAT) announced that it was acquiring Semitool (SMTL) in a $364 million all-cash deal.
As we’ve footnoted before, Semitool had an interesting side-deal with CEO Ray Thompson that had the company leasing several planes and an aircraft hangar from separate companies owned or controlled by Thompson. Given Semitool’s size, the arrangement, which [...]
Fitch has a slightly more positive view than Standard & Poor’s of the prospects for US retailers and consumer products companies. We featured S&P’s outlook earlier this week, in which S&P said that industries that depend on discretionary consumer spending may not rebound anytime soon.
Fitch says it expects increased stability among retailers as cash flow [...]
Analysts are mostly skeptical about the likelihood of Hershey (HSY) and Ferrero mounting a successful joint bid for Cadbury (CBRY) to thwart Kraft’s (KFT) pending bid for the company. However, the threat of a rival bid may be enough to coax a slightly sweeter offer from Kraft.
Both Bloomberg and Reuters offer good summaries of analyst [...]
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Macy’s (M) - From my point of view I think the stock may break down here. M is slowly but steadily coming down on each passing day. Up/Down volume pattern indicates that the stock is under Distribution. The stock closed fractionaly above the major support at $17.46, but ...
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Length – 16:50
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OK … we are on to Part 3 of our interview with the newest addition to the Technomic Asia team, Kim Woodard. In this section, we get down into the nitty-gritty of doing deals in China. Enjoy!
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Length – 17:54
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We are in the middle of a Podcast interview with Dr. Kim Woodard, the newest addition to the Technomic Asia team here in Shanghai. Kim’s background includes setting up A.T. Kearney in the early days of China business and running his own boutique M&A consulting firm. We brought [...]
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Length – 17:03
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Unless you have been living in a hole or the dark side of the moon for the past year, your life has somehow been impacted by the global economic slowdown. You, a friend or a family member have lost a job; your municipal budgets are being cut; heck, [...]
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I’m speaking this week at the Sixth Annual GIC Mergers and Acquisition Summit, the title of my presentation is Deal Cultivation – Keys to Success in Making Acquisitions in China. The M&A process in China is much different than in the United States. Understanding this difference will reduce [...]
Steve Ganster Keynotes Deal Cultivation at China M & A Conference
Shanghai, China, June 21, 2009 – Steve Ganster, Executive Director of Technomic Asia, will highlight the opportunities and challenges of mergers and acquisitions in China at the GIC sixth annual Mergers and Acquisitions Summit held in Shanghai on June 25. Ganster says [...]
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