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...Between 2010 and 2015, Deutsche squandered €1bn on its first major IT integration effort, dubbed “Magellan”....
...Magellan “completely reversed its view of industry prospects”, EIP said in a securities filing. But 55 per cent of outstanding Magellan unit holders approved the transaction on Thursday....
...But Magellan’s plans for an $18.8bn merger with Oneok have come under fire from some investors, leaving Milford working to win unit holders’ support before a vote on September 21....
...Magellan moves crude oil and its derivatives. Oneok cannot use Magellan’s oil pipelines to tap new markets for its natural gas and vice versa....
...“We believe the premium offered maximises value creation for Magellan’s unit holders and reflects the essential nature of Magellan’s assets and service offerings,” said Aaron Milford, Magellan’s chief executive...
...EQT’s deal for Equitrans follows a flurry of pipeline deals in the past year, including Oneok’s $19bn acquisition of Magellan Midstream Partners and Energy Transfer’s $7.1bn purchase of Crestwood Equity...
...Choose between Cape Verde, Straits of Magellan, Tierra del Fuego and the Cape of Good Hope....
...“Buy what you know” was a keystone of his investing philosophy — one that earned the Fidelity Magellan fund a benchmark-beating 29 per cent annualised return under his 13-year stewardship....
...In today’s newsletter, I look at a big pipeline deal between Oneok and Magellan Midstream, and what it says about the profound shift under way in the American energy landscape....
...Oil-focused pipeline group Magellan Midstream Partners has explicitly pointed to gas’s “more powerful growth engine” as it pursues a sale to the gas-heavy Oneok....
...Magellan Midstream, one of the biggest oil pipelines in the US said it believes it has more room to grow in moving natural gas....
...It is the second major deal in the US oil industry over the past week, coming after Oklahoma-based pipeline giant Oneok agreed to buy rival Magellan Midstream Partners for $18.8bn....
...Gas pipeline giant Oneok in May announced an $18.8bn deal to buy oil-focused Magellan Midstream Partners, though the takeover has faced some pushback from big shareholders....
...Just last week, scientists at the Carnegie Institute of Science described another remarkable initiative: the construction of the Giant Magellan Telescope in Chile....
...The company is one of the biggest spenders on podcast ads, spending more than $2mn in June, according to research firm Magellan AI. Podcast advertising is big business....
...The artist formerly known as the Spartan 500 index fund is now almost four times bigger than Willian Danoff’s Contrafund and more than fifteen times larger than the once-imperious Magellan Fund....
...News round-up FTC lawsuit targets serial acquisitions by private equity (FT) Venture firm GGV Capital to split off China business after US pressure (FT) Magellan Midstream holders approve $18.8bn sale...
...Pipeline giant Oneok is buying Magellan Midstream Partners for $18.8bn, creating a company with an enterprise value of $60bn and a sprawling 25,000-mile network of pipelines stretching from North Dakota...
...Deutsche Bank’s first effort to integrate Postbank between 2010 and 2015, dubbed Magellan, resulted in €1bn down the drain and failed badly enough to help fuel Deutsche’s decision to put Postbank up for...
...despite UK’s decision to block acquisition (FT) TPG pushes into credit investing with $2.7bn deal for Angelo Gordon (FT) Gold miner Newmont seals $19bn deal for Australia’s Newcrest (FT) Oneok to buy Magellan...
...In Straits he offers an original reassessment of Ferdinand Magellan, who died while leading the first circumnavigation of the world....
...That makes it the biggest ETF in the world, and bigger than any actively-managed fund (it is more than three times the size of Peter Lynch’s Magellan fund was at its peak)....
...Barrenjoey, which means “young kangaroo”, was launched in 2020 and backed by Australian fund manager Magellan and Barclays....
...The UK bank, alongside Australian fund manager Magellan, was a founding investor in Barrenjoey, which launched in 2020 and grew rapidly despite the onset of Covid-19....
...The initial IT integration project — named Magellan, after the Portuguese explorer — was ditched after five years and Postbank was put up for sale, but failed to find a buyer....
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