Hints and tips:
...SN: There’s no question it’s a harder problem. And not because of technology complexity....
...There have been a few isolated instances of bondholders being stung over the past few years — at SNS Reaal in the Netherlands and at Cyprus’s Laiki during that country’s crisis, for example....
...The main body of the SN-50 Nanosat on Sierra Nevada Corporation’s stand was only 40cm by 40cm....
...The purchase of Vivat, the insurance arm of SNS Reaal that was nationalised in a €3.7bn rescue, came soon after Anbang agreed to buy Belgian insurer Fidea and the Belgian banking business of Delta Lloyd....
...Gerard Rijk, analyst at Dutch brokerage SNS Securities, believes that Cargill could come in with a bid of €50 per share thanks to substantial synergies from its feed units....
...Market participants were also initially confused when the Dutch government expropriated subordinated bonds for SNS Bank last year....
...Dutch broker SNS Securities said that shareholders should wait until Cargill and Permira table a firm offer or move away from the deal before accepting the offer from SHV, which is owned by the Fentener...
...Gerard Rijk, analyst at SNS Securities and among the most vocal opponents of the SHV deal, argues that Nutreco was not valuing the potential margin growth of its animal feed business....
...The most significant seed of doubt was planted when the Dutch government nationalised SNS Bank....
...And, there are also real world examples: losses were forced on junior bondholders at Dutch bank SNS Reaal when the bank foundered....
...Optimists cite examples of recent failures, such as the Netherlands’ SNS Reaal, which included a bail-in of bondholders alongside nationalisation....
...Imposing loses is becoming increasingly common: beyond the Cyprus incident, junior creditors took a hit in Spain, the Netherlands with the SNS Real nationalisation, the UK in the Co-op rescue, and at few...
...(Bloomberg) - Lisa Pollack: SNS shows the risks of backing troubled banks. (Financial Times) - Growing ranks of ultra-rich among Chinese lawmakers poses a reform challenge....
...The acquisition was “not a complete surprise, but still remarkable as it breaks with the outsourced model, which is one of the key elements of the ASML strategy”, Victor Bareno of SNS Securities wrote in...
...In a note, Martijn den Drijver of SNS Securities called the results “a solid if not strong quarter”....
...“Labour unrest in Liège delaying the disposal and thus the merger progress was a risk that appears to have been mitigated by this sale,” Gert Steens of SNS Securities said in a note....
...Moody’s cuts Dutch bank ratings: ING, Rabobank, ABN Amro and LeasePlan were all cut two notches, while another large Dutch bank, SNS Bank, was cut one notch....
...Isda committee decision on SNS Bank CDS weird or what? Lisa is a little confused about the restructuring credit event that the Isda determinations committee voted for on Wednesday....
...A Phase II review of the deal is likely to be “an unwelcome delay rather than a major risk” to the acquisition, wrote Gert Steens of SNS Securities in a note....
...Gert Steens of SNS Securities said the results were broadly positive, and showed that some analysts who had been sceptical about the acquisition of SFN had been wrong....
...“They’ve got a couple of strategic problems that may or may not have been caused by the current management team,” said analyst Geert Steens of SNS Securities....
...“The growth initiatives this morning are the most aggressive we have seen from Ahold so far,” Richard Withagen of SNS Securities wrote in a note....
...But as with other bicycles, said analyst Gert Steens of SNS Securities, ebike sales growth depends on whether the weather is nice....
...“The takeover story has been a great story for 10 years, and it will continue to be a great story for another 10 years,” said analyst Geert Steens of SNS Securities....
...Analyst Michel Veul of SNS Securities said the lower-than-expected margins were understandable given the steep rise in raw materials costs, which will take one to two quarters to pass through to prices....
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