Hints and tips:
...Investindustrial has appointed Charles Dupont, the former chief of both Schroders and Axa, as senior principal and head of French coverage. He will be based between London and Paris....
...If the states win, it will put America’s businesses on high alert....
...PJT Partners has added Antonin Baladi, a former Bank of America dealmaker, to its European TMT investment banking group, Bloomberg reports....
...Dow Chemical, the US group that is in the midst of a $150bn merger with rival DuPont, reported earnings for the first quarter that easily came in ahead of analysts expectations, sending shares higher in...
...Third Point is also agitating for a change to plans at Dow Chemical and DuPont, which are preparing the restructuring that will follow their merger....
...Bayer chief executive Werner Baumann said in May that almost 60 per cent of Monsanto’s revenues are in the Americas, whereas the Germany company is much bigger in Europe and Asia....
...Dow Chemical and DuPont have finally unveiled the terms of their eagerly anticipated $130bn merger that would bring together America’s two largest chemicals companies....
...Dow Chemical and DuPont are in talks over a potential $120bn merger that would bring together America’s two largest chemicals companies, and then split them up into three new businesses, according to a person...
...That adage might serve as a mission statement for the $120bn merger now being discussed by executives of Dow Chemical and DuPont, America’s largest chemicals groups....
...America’s two largest chemicals companies are working around the clock with their advisers to unveil an all-stock agreement followed by a three-way split as early as Thursday....
...“Prevailing non-financial corporate behaviour patterns will weaken credit quality in North America in 2015 and beyond, as companies limit capital reinvestment while increasing leverage to fund larger dividends...
...DuPont and Dow Chemical, the two largest companies in the sector, have been attacked by activist investors calling for them to be broken up....
...Last month eBay announced it would spin off its PayPal unit after pressure from Carl Icahn, while DuPont heeded Nelson Peltz’s calls that it should split into two....
...DuPont now expects operating earnings between $4.00 and $4.10 a share in 2014, lagging analysts’ estimate for $4.29 and DuPont’s own earlier prediction between $4.20 and $4.45 a share....
...In the past five years Dow’s shares have outperformed both the S&P 500 and those of DuPont, the largest US chemicals group....
...The biotech companies – including Monsanto, Dupont and Dow – say that labelling is a tactic by critics who want to stigmatise GM foods, while the food manufacturers have pointed to the huge costs required...
...Previous US investments include Axalta Coating Systems, (the former DuPont Performance Coatings), Booz Allen Hamilton and Pharmaceutical Product Development....
...We’ve engaged with the four multinational companies with seed production operations in India – Monsanto, Bayer, Syngenta and DuPont – and we’ve seen some good results across the sector.”...
...DuPont fell after announcing a large European acquisition, while the wider US market lost ground on renewed fears about the sovereign debt crisis in Europe....
...Several other multinationals, such as chemicals group DuPont, have slashed jobs and cut costs....
...Over the past few weeks, several multinationals, such as chemicals group DuPont, have slashed jobs and cut costs....
...Bluechips were led lower by IBM , down 3.2 per cent at $102.41, DuPont , off 2.4 per cent at $50.98, and Intel, down 2.1 per cent at $21.49....
...DuPont upgraded its 2006 earnings and announced plans to cut 1,500 jobs from its agriculture unit. Its shares rose 1.1 per cent to $47.42....
...DuPont, the chemicals group, rose 1.2 per cent to $46.58 after it beat expectations with earnings of 37 cents a share....
...The Dow's gains were led by DuPont, up 3.5 per cent to $42.86 and Hewlett-Packard, up 3.3 per cent at $18.44....
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