Hints and tips:
...“The acquisition implies a total value for CR Snow of HK$25.4bn, which is a 58 per cent discount to the valuation” implied by the market capitalisation of the parent company CR Beer, wrote Jessie Guo, equity...
...And ABI might also have to dispose of SABMiller’s 49 per cent stake in CR Snow in China. But it is also likely that Molson Coors and CRE would be willing purchasers respectively.”...
...Mr Nussbaum pleaded guilty to five counts of wire and securities fraud on behalf of SAC and its units Sigma Capital and CR Intrinsic....
...SAC, and its subsidiaries Sigma and CR Intrinsic, were indicted in July on allegations that they engaged in a rampant insider trading scheme. The companies, through their attorney, pleaded not guilty....
...SAC and its subsidiaries Sigma and CR Intrinsic are 100 per cent owned by Mr Cohen. Indictments against financial institutions are rarely sought because of the broader collateral damage....
...The stakes for SAC, which has been under investigation for nearly a decade, rose last November, when Mathew Martoma, a former portfolio manager at SAC unit CR Intrinsic, was charged as part of a $285m insider...
...The Department of Justice filed criminal charges against Mathew Martoma, a former portfolio manager with SAC unit CR Intrinsic, for causing SAC’s trades. He has denied any wrongdoing....
...SAC’s CR Intrinsic division agreed to pay $600m to settle allegations it profited from trading in the shares of two pharmaceutical companies ahead of the release of negative clinical drug trial results....
...Thursday will mark the first time investors can redeem money from the fund, run by Steven Cohen, since Mathew Martoma, a former portfolio manager with CR Intrinsic, a unit of SAC, was charged with allegedly...
...The SEC shared its information with the FBI and US attorney’s office, which already had eyes on Mathew Martoma, a portfolio manager with SAC subsidiary CR Intrinsic, people familiar with the matter said....
...He said in the case of SAC, Mr Martoma was a “senior portfolio manager with significant discretion to trade enormous amounts of money on behalf of not only CR Intrinsic but others”....
...However, in March and April two CR Intrinsic analysts sent emails to Mr Cohen warning of the risks and suggested trading strategies to hedge the positions....
...The SEC sued Mr Gilman and CR Intrinsic. Mr Gilman is co-operating with authorities under a non-prosecution deal with authorities, people familiar with the matter say....
...The news of the investigation into the trading comes two weeks after Mathew Martoma, a former portfolio manager at a SAC unit, CR Intrinsic, was arrested on allegations of trading shares of pharmaceutical...
...CR Intrinsic, an internal fund unit that was set up by Mr Cohen to take longer-term bets with his and clients’ money, was sued by the SEC on Tuesday and is contesting the allegation....
...On Monday, Matthew Martoma, a former portfolio manager at SAC unit CR Intrinsic, appeared in court on charges related to trading in pharmaceutical stocks by SAC....
...US prosecutors charged Mathew Martoma, a former portfolio manager at CR Intrinsic, a SAC Capital fund, with trading shares in two pharmaceuticals companies after obtaining secret information about a clinical...
...University of California, San Diego (BA hons in Latin American political science and history and economics) 1993 University of Pennsylvania (MA in International studies) Career 1987 Vice-president, CR-P...
...The pattern was highlighted again this week with the US Securities and Exchange Commission’s probe into CR Intrinsic, part of the hedge fund SAC Capital....
...The criminal and civil charges, filed by US prosecutors in Manhattan and the SEC against Mathew Martoma, a former portfolio manager at CR Intrinsic, a SAC Capital fund, do not accuse Cohen of any wrongdoing...
...Saudi Aramco, the world’s largest oil company, last week purchased $500m worth of generators and compressors from General Electric to expand its Shaybah oil and gas field....
...If the actual recovery rate is lower than the price agreed, the CRS seller wins. If it’s higher the CRS-buyer wins....
...CR Snow Breweries, a SABMiller joint venture, has overtaken Tsingtao as China’s largest brewer....
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