Tag: the-acquisition

Goldcorp (TSE:G) Acquires Warrants and Shares from Terrane Metals (TSE:TRX)

Goldcorp Buys Warrants and Shares from Terrane MetalsGoldcorp (TSE:G) has acquired $97.6 million in shares and warrants from Terrane Metals (TSE:TRX), helping them fund the Mt. Milligan mine in British Columbia. A group of underwriters also were part of the acquisition of shares and warrants.National Bank Financial Inc. led the group of underwriters who will acquire 63.6 million units, consisting

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Got PFNO ? Stock-PR Reports

Filed in Gold Investing by on March 20, 2010 0 Comments

Stock-PR Reporting FREE Daily Stock Alerts From Stock-PR.com ________________________________________ ParaFin Corporation (Other OTC: PFNO.PK , is a development stage company that engages in the acquisition and exploration of oil and gas properties. The company executed a farmout agreement to acquire the development rights to hydrocarbon concessions in the Republic of Paraguay. These concessions consist of 2,456,453 hectares (approximately 6,069,994

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PFNO, – DrStockPick.com Stock Report! – ParaFin Corp. is Looking to Trade on Bulletin Board – Potential Reserves of Two Billion Barrels of Crude…

Filed in Gold Investing, Gold Prices by on March 20, 2010 0 Comments

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Saturday March 20, 2010 DrStockPick.com Stock Report! ************************************************************** PFNO, ParaFin Corporation, PFNO.PK PFNO, a development stage company, engages in the acquisition and exploration of oil and gas properties. PFNO executed a farmout agreement to acquire the development rights to hydrocarbon concessions in the Republic of Paraguay. These

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Eldorado Gold (NYSE: EGO) Chinese Currency Exposure

Any time and company enters a foreign market, they gain exposure to flucuating value in the nation’s currency, and that’s the case with Eldorado Gold (NYSE:EGO) when they entered the Chinese market in 2009 via the acquisition of Sino Gold Mining in China. While a small change in the value of the reminbi wouldn’t have a significant effect on Eldorado Gold, a major move definitely would. But

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Whitbread buys out Indian JV partner

Filed in Gold Holdings, Gold Investing by on March 13, 2010 0 Comments

Whitbread Plc confirms that Premier Inn has completed the acquisition of the 50.1 percent stake it did not own in the JV with real estate developer Emaar MGF, the paper quoted the statement as saying. The paper also quoted an unidentified Premier Whitbread buys out Indian JV partner

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Bassett Media updates proposed acquisitions

Filed in Gold Holdings by on February 9, 2010 0 Comments

Feb 9 – Bassett Media Group Corp: * Updates proposed acquisitions * Says no longer pursuing the acquisition of Haizou Media Corporation * Says determined that proposed acquisitions were not a strategic fit for the company * Says COO Joseph Arc Bassett Media updates proposed acquisitions

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PNC Q4 profit beats view; loan losses slow

Filed in Gold Investing by on January 21, 2010 0 Comments

By Elinor Comlay NEW YORK, Jan 21 – PNC Financial Services Group Inc’s fourth-quarter profit beat analysts’ expectations as the bank benefited from slowing loan losses and the acquisition of National City. Pittsburgh-based PNC posted a profit of PNC Q4 profit beats view; loan losses slow

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Shareholders Vote for ACS, Xerox – Analyst Blog

Filed in Debt, Gold Prices, silver by on December 30, 2009 0 Comments

Affiliated Computer Services Inc. ( ACS ), a leading business process outsourcing firm, and Xerox Corporation ( XRX ) announced that shareholders will have the right to vote on Xerox’s agreement to buy ACS. Shareholders of both the companies on record as of Dec. 11 will be able to vote on the merger in a special meeting scheduled for Feb. 5, 2010. In September, Xerox agreed to acquire Affiliated in a cash and stock transaction valued at $6.4 billion ($63.11 per ACS share in cash and Xerox stock as of the closing price of Xerox on September 25). Affiliated shareholders would receive $18.60 per share in cash and 4.935 shares of Xerox. Xerox would also assume $2 billion of ACS’s debt and would issue $300 million of convertible preferred stock to ACS’s shareholders. For this, Xerox issued about $2 billion in bonds last month, the net proceeds of which would support the ACS acquisition. Xerox and ACS have already satisfied Hart-Scott Rodino and Securities & Exchange Commission requirements for the merger. In addition, Xerox confirmed that pre-closing litigation-related issues have been resolved and that both parties intend to progress quickly to close the deal. As a subsidiary of Xerox, Affiliated will operate independently. The combined company will have greater BPO capability and help expand Affiliated’s presence in international markets. Currently, the BPO market is about $130 – $150 billion, growing 5% to 10% a year. With the Xerox/Affiliated merger, the total market opportunity will be more than $500 billion. The combined company plans to cut ongoing costs by up to $400 million a year from 2012 onwards. It is currently expected to generate $22 billion in revenues, of which $17 billion is expected to be of a recurring nature and $10 billion is expected to come from services. The transaction is expected to be accretive in fiscal 2010. ACS revenue grew 6% and the company had new business signings of $1 billion in annual recurring revenue during fiscal 2009. Trading currently below the acquisition price, we believe the deal to be beneficial for Affiliated, though Xerox may face integration-related issues. Read the full analyst report on “ACS” Read the full analyst report on “XRX” Zacks Investment Research

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General Environmental Management, Inc. (GEVI.OB) Moves Forward With Sales and Acquisitions

Filed in Gold Prices, silver by on December 23, 2009 0 Comments

General Environmental Management Inc. recently completed the acquisition of Santa Clara Waste Water (SCWW), a profitable full-service environmental services company focusing on waste water treatment. SCWW has been doing business for over 50 years, and has treated more than 2 billion gallons of waste water. It’s listed as one of the top 100 privately owned

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KPN and iBasis agree on final higher offer

Filed in Gold Holdings by on November 23, 2009 0 Comments

AMSTERDAM, Nov 23 – Dutch telecoms group KPN has reached agreement on a final takeover offer for iBasis, ending a battle over the acquisition of the U.S. voice traffic carrier. KPN and iBasis, of which KPN already owns about 56 percent, said in a KPN and iBasis agree on final higher offer

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Buffett Borrows for Rail Acquisition – Analyst Blog

Filed in ceo, Gold Prices by on November 20, 2009 0 Comments

Warren Buffett, the CEO and Chairman of Berkshire Hathaway ( BRK.A )/( BRK.B ), announced on Thursday to borrow $8 billion of loan for the acquisition of Burlington Northern Santa Fe Corporation ( BNI ). Berkshire Hathaway, which already owns a 22% stake in Burlington Northern, announced earlier this month it would acquire the rest for a total value of $34 billion. Buffet agreed to pay $100 a share in cash and stock to buy the rest of the company. The $8 billion loan that will be provided by JPMorgan Chase ( JPM ) and Wells Fargo ( WFC ) is intended to be paid back in three years’ time. For Berkshire, the acquisition of Burlington Northern, or BNSF, the second largest railroad, will be its biggest to date. With it, Berkshire is adding a railroad transportation business with its already diverse range of businesses including retail, manufacturing and insurance, as well as several regional electric and gas utilities. The acquisition is expected to close in early 2010 and is subject to Burlington Northern’s shareholder approval. Post acquisition, Burlington Northern will operate from its headquarters as a wholly owned subsidiary of Berkshire Hathaway. Based in Fort Worth, Texas, Burlington Northern operates one of the largest railroad networks in North America through its subsidiary, with 33,500 route miles covering 28 U.S. states and two Canadian provinces. This network covers two-thirds of the western United States, stretching from major Pacific Northwest and Southern California. The company employs more than 40,000 people. Read the full analyst report on “BNI” Read the full analyst report on “BRK.A” Read the full analyst report on “BRK.B” Read the full analyst report on “JPM” Read the full analyst report on “WFC” Zacks Investment Research

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Indias Shoppers Stop to raise funds

Filed in Gold Holdings, Gold Investing by on November 15, 2009 0 Comments

MUMBAI, Nov 15 – Indian department store Shoppers Stop is planning to raise funds to acquire 32 percent in group firm and hypermarket chain Hypercity, a top official said over the weekend. The company is looking at generating 1 billion to 1.2 billion rupees for the acquisition, President and Chief Executive Govind Shrikhande told Reuters. On Saturday, the company’s board approved an issue of Indias Shoppers Stop to raise funds

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