Hints and tips:
...The fund then said on Thursday the new offer was still “substantially below” its view of the energy company’s long-term intrinsic value....
...Aberdeen Standard Investments, another top 10 shareholder in the company, has already hit out at the offer price, saying that it “does not fully reflect the intrinsic value of the group, while exposing us...
...That said, the regulatory risks to the business are real, and there are several scenarios that investors must game out to illuminate the risks and opportunities the company has in front of it....
...“In a world of historically low interest rates there are few developed places that feature equities trading far below their intrinsic values,” says US investor James Rosenwald, who will oversee the fund....
...He added: “UTC’s management has acknowledged the disconnect between the company’s intrinsic value and share price but it seems less open to a three-way split solution than shareholders might expect.”...
...Are credulous cryptocurrency investors going to get hurt? It seems likely....
...Despite suffering a series of mark-to-market writedowns on its credit book, Ms Callan re-assured investors this was only temporary, as wider liquidity issues had valued these assets far below their intrinsic...
...Investors applauded the deal, sending China Resources Beer’s share price up as much as 35 per cent in Hong Kong, before it settled to close up 18 per cent at HK$15.10....
...Dell’s $24bn sale to its founder came under scrutiny as many investors believed Mr Dell was conflicted: playing seller and buyer at the same time....
...In assessing what kind of delay could be considered negligible, the SEC took into account the intrinsic delays in a market system where there is no single place for all trading to occur....
...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.”...
...The shortcomings at National Bank of Greece, Piraeus, Alpha and Eurobank are less intrinsic to the banks’ own operations than Dexia’s or Bankia’s — they have been floored by the market’s distrust of the...
...RBC estimates that on a conservative, sum-of-the-parts basis Fortress trades a third below its intrinsic value. That sounds like the perfect vulture-investing opportunity....
...But then paradox is intrinsic to the character of co-founder Jon Stein....
...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....
...Alongside that, Safeway is distributing the remaining 37.8m shares, or 19 per cent, that it owns of Blackhawk Network Holdings, its gift card provider, to its investors....
...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...
...-based hedge fund advisory firm CR Intrinsic Investors has agreed to pay more than $600 million to settle SEC charges that it participated in an insider trading scheme involving a clinical trial for an Alzheimer...
...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....
...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....
...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...
...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”....
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