BSIC – Page 73 – BSIC | Bocconi Students Investment Club

Want a robust quality drug pipeline? – Pay super premium!: Alexion to acquire Synageva in an $8.4bn deal

Alexion Pharmaceuticals Inc.; market cap (as of 09/05/2015): $32.54bn Synageva Biopharma Corp.; market cap (as of 09/05/2015): $7.91bn Introduction On May 6, 2015, Alexion Pharmaceuticals Inc. (NASDAQ:ALXN), the manufacturer of the world’s single most expensive prescription drug Soliris, and Synageva BioPharma Corp. (NASDAQ:GEVA) have entered into a definitive agreement Read more…

By BSIC, 10 years9 May 2015 ago

Equity Indices Old Articles Trade Ideas

The Chinese Divergence: Real vs. Financial

The Move. The PBoC has recently cut the Required Reserve Ratio (RRR) to 18.5%. The RRR represents the portion of cash that banks must deposit with the central bank. The size of the cut has been 100 basis point, double the expected 0.50%. A cut of the RRR represents a Read more…

By BSIC, 10 years2 May 2015 ago

Currencies Equity Indices Fixed Income Macroeconomy Markets Old Articles

Market Recap 02/05/2015

US US equities failed to push through record territory and retreated from last Friday’s all-time high driven down by disappointing earnings reports and poor economic data. On Friday, the S&P 500 closed down at 2,108.29 from its Monday record peak of 2,125. Nasdaq Composite, the tech-heavy index, fell to 5,005.39 Read more…

By BSIC, 10 years2 May 2015 ago

Equity Indices Macroeconomy Markets Old Articles

The “new cheap”: US equity market

After our last week’s report on the NASDAQ, we further analyse PE ratios, their meaning and the factors that drive them this week Researchers from the NY Fed have raised the point that the Equity Risk Premium (ERP) – conceptually defined as the excess return expected from investing into stocks Read more…

By BSIC, 10 years2 May 2015 ago

Business Valuation Corporate Finance Old Articles

Is time up for Universal Banks? Deutsche Bank – Postbank case

Introduction As the financial system stabilises after the recent crisis, three distinct business models are emerging. First, focused retail institutions with a specific offering of products and services, such as American regional banks and Europe’s savings banks. Second, investment banks which also operate asset management businesses and private equity investments. Read more…

By BSIC, 10 years2 May 2015 ago

Corporate Finance Debt Deals Equity Deals M&A Deals Old Articles

Regulators put an end to the Comcast – Time Warner Cable $45bn saga

Comcast Corporation, Market Cap (as of 30/04/2015): $145.2bn Time Warner Cable Enterprises, Market Cap (as of 30/04/2015): $43.94bn Introduction The dream of combining the two American giant companies Comcast and Time Warner Cable has come to an end. On April 17, Comcast officially dropped its $45.2bn bid for TWC Read more…

By BSIC, 10 years2 May 2015 ago

Corporate Finance Equity Deals Old Articles

Bitcoin or Bust, Goldman Sachs backs payment startup: Circle

Bitcoin Imagine you could send your money from one part of the world to another in a matter of minutes and without paying outrageous fees to the banks. Bitcoin is an innovative way to do this. It was invented by Satoshi Nakamoto in 2008 and published as open-source software. Bitcoin Read more…

By BSIC, 10 years2 May 2015 ago

Corporate Finance Debt Deals Equity Deals M&A Deals Old Articles

Capitan Findus docks at an American berth: Nomad Holdings buys Iglo Foods from Private Equity Permira

Nomad Holdings Ltd.; market cap (as of 01/05/2015): $576.72m Introduction On April 20, 2015 Nomad Holdings Limited (LSE: NHL), a special purpose acquisition vehicle, announced an agreement to acquire for €2.6bn, Iglo Foods Holdings Limited (Iglo Foods), from a company backed by the private equity group Permira. The acquisition would Read more…

By BSIC, 10 years2 May 2015 ago

Markets Old Articles Single Stocks Trade Ideas

Fineco_The New Bank

If you general use Fineco to set your trades you might consider buying Fineco itself! Fineco (FBK.MI) has been listed on Milan stock exchange last July, for a price of 3.7 Euro a share, for a total market cap of 2,2 Billion, granting Unicredit 673 Million (+ 101 Million of Read more…

By BSIC, 10 years25 April 2015 ago

Corporate Finance Debt Deals Equity Deals M&A Deals Old Articles

The show must go on: Cirque du Soleil parts ways with its founder for $1.5bn

On April 21, 2015 Canadian avant-garde circus operator, Cirque du Soleil, announced an agreement to sell a majority stake of its business to a private equity consortium led by TPG Capital Management, also including Fosun Capital group, Caisse de dépôt et placement du Québec and a Québec businessman Mitch Garber. Read more…

By BSIC, 10 years25 April 2015 ago

Corporate Finance Debt Deals Equity Deals M&A Deals Old Articles

Teva and Mylan : The Plot Thickens…

Teva Pharmaceutical Industries ; Market Cap (as of 25/04/2015): $62,67bn Mylan Pharmaceuticals ; Market Cap (as of 25/04/2015): $36,06bn Introduction In the healthcare industry, the saying “eat or be eaten” no longer applies. Instead, the adage of “make a bid or wait for an offer” would be more appropriate Read more…

By BSIC, 10 years25 April 2015 ago

Equity Indices Macroeconomic Views Markets Old Articles

Nasdaq, bubble and beyond

On Thursday 23rd of April 2015, the NASDAQ Composite surpassed the March 2000 dotcom bubble level of 5048.62, closing at 5056.06. On Friday it has then gained furthermore closing at 5092. Looking at the NASDAQ Composite (the market capitalization weighted index includes almost all the companies listed in the NASDAQ Read more…

By BSIC, 10 years25 April 2015 ago

Corporate Finance Debt Deals Equity Deals Old Articles

When “The best investment on earth is Earth”: PE and SWF bet on Real Estate

Prologis Inc.; market cap (as of 24/04/2015): $22.18bn Introduction On April 19th Prologis Inc., global leader in industrial real estate, announced its intentions to buy the real estate assets and operating platform of KTR Capital Partners (KTR), a real estate focused private equity company, for a total purchase price of Read more…

By BSIC, 10 years25 April 2015 ago

Macroeconomic Views Markets Old Articles

Teams and tactics of the Greek game

Greece has returned in the spotlight again. Since the hard left government of Alexis Tsipras took office in January, tough negotiations on structural reforms, between the new government and Greece’s international creditors, began and they are still ongoing. Fresh worries are now driven by the risk of a partial default Read more…

By BSIC, 10 years25 April 2015 ago

Currencies Equity Indices Fixed Income Markets Old Articles

Market Recap 25/04/2015

US US equities climbed to new heights as the week drew to a close with the Nasdaq Composite surpassing its previous peak of 5048.62 points from the year 2000 that marked the height of the dot-com era. The tech-heavy index advanced 3.2% over the last 5 days to close Friday’s Read more…

By BSIC, 10 years25 April 2015 ago