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San Miguel Looks at Raising $1 Billion This Year

2015-10-13 07:55:16| Beverages - Topix.net

San Miguel Corp., the Philippines' largest company, is considering raising as much as $1 billion by selling local currency preferred shares and using the proceeds to repay dollar debt as it seeks to trim its foreign liabilities amid a weaker peso. Ramon Ang said in an interview late Monday.

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Dell seen making USD 53 bln bid for EMC this week - report

2015-10-12 09:46:00| Telecompaper Headlines

(Telecompaper) Dell is now expected to make its over USD 53 billion offer for data storage maker EMC on 12 or 13 October, Reuters reported, citing people familiar with the matter. EMC has agreed to an offer worth USD 33 a share, including USD 27 in cash, for EMC shares with the rest in new securities tied to the value of VMware, the data centre software maker that EMC controls. As part of the deal, EMC will have up to 60 days to seek a better offer from other potential suitors, said people briefed about the transaction. EMC asked for a 'go-shop' provision to be included in the merger agreement that will allow it to solicit bids from other parties and pay a discounted breakup fee to Dell if there is a deal with another company. The sources added that the clause was EMC CEO Joseph Tucci's way of exhausting all arguments to convince the company's shareholders that a deal with Dell is the best possible outcome for them. The negotiations between Dell and EMC, as well as talks with banks about securing the necessary debt financing, continued on 11 October, and the two sides hope to unveil an agreement on 12 or 13 October.

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Annaly Capital: Don't Miss The Boat On This 12% Yielder

2015-10-11 11:23:09| Real Estate - Topix.net

Annaly Capital's stock is down ~5.6% year-to-date, but the mortgage REIT has recovered from its 52-week low. That's good news.

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James Harden Takes a Selfie With a Camel in This Twitter Challenge

2015-10-10 12:10:10| Apparel - Topix.net

Following the announcement of James Harden's participation in Foot Locker 's "Play My Tweet" Twitter campaign, here are the results of the hilarious marketing stunt. During the challenge, a selection of f ans' tweet requests were printed on basketballs used by Harden - if he missed a shot, he was obliged to act on whatever was printed on the ball used.

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Monmouth's 6.7% Dividend Increase: Is It Time To Buy This FedEx Landlord?

2015-10-09 22:12:21| Air Courier - Topix.net

Monmouth Real Estate Investment Corp. is an old-school industrial REIT that has upped its game during the past three years, primarily due to its relationship with FedEx. Many investors look to REITs as a bond-substitute, in a quest for higher yields in this low interest rate environment.

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