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Published September 14, 2009 at 5:01 PM
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 Welcome to Deal Stocks. In the news Monday are Deutsche Telekom AG (NYSE:DT), Sprint Nextel Corp. (NYSE:S), Avaya Inc., Nortel Networks Corp., J.P. Morgan Chase & Co. (NYSE:JPM), EcoSecurities Group plc, Cadbury plc (NYSE:CBY), Kraft Foods Inc. (NYSE:KFT), Johnson & Johnson (NYSE:JNJ), Elan Corp. plc (NYSE:ELN), Biogen Idec Inc. (NASDAQ:BIIB), CA Inc. (NYSE:CA) and NetQoS Inc. Stocks ended the day in the positive even as investors were cautious leading up to the one-year anniversary of the Lehman Brothers Holdings Inc. collapse. Futures also worried investors as speculation increased about a possible trade war with China, according to MarketWatch. Check out The Deal's arbitrage chart for more stocks to watch.
- Over the weekend, the U.K. newspaper The Sunday Telegraph reported that Europe's largest telecom operator, Deutsche Telekom AG (NYSE:DT) was considering a multibillion bid for Sprint Nextel Corp. (NYSE:S), the U.S. mobile operator with a market valuation of around $10.6 billion. The report of the tie-up comes less than a week after the German group agreed to place its U.K. mobile operations in a joint venture with France Telecom's (NYSE:FTE) Orange U.K. to create Britain's largest wireless operator. (The Deal Pipeline subscribers can read the full story here.)
- A J.P. Morgan Chase & Co. (NYSE:JPM) subsidiary secured a £122.9 million ($204.8 million) takeover agreement for EcoSecurities Group plc, an Irish carbon offset trading company, which has attracted pan-European bid interest. (The Deal Pipeline subscribers can read the full story here.)
- Cadbury plc (NYSE:CBY) Sunday fired its first shot in what's likely to be a lengthy battle with unwanted suitor Kraft Foods Inc. (NYSE:KFT) by publishing a letter in which it painted its predator's growth prospects and business model as inferior to its own. (The Deal Pipeline subscribers can read the full story here.)
- Johnson & Johnson (NYSE:JNJ) may make a price cut on its $1.5 billion acquisition of Elan Corp. plc (NYSE:ELN), after a court ruled the deal violates a partnership between Elan and Biogen Idec (NASDAQ:BIIB). J&J wants to reduce the deal's price tag by at least $100 million, and new terms could be announced in the coming days.
- CA Inc. (NYSE:CA) is buying privately held NetQoS Inc. for $200 million in cash.
- The Wall Street Journal reported Monday that EMC Corp. (NYSE:EMC) has hired
Patrick Gelsinger, the exec who runs the core chip business
at Intel Corp. (NASDAQ:INTC), to run its storage products operation.
- The three banks that failed this weekend include Chicago-based
Corus Bank, Washington state-based Venture Bank and Minnesota-based
Brickwell Community Bank. The three failures cost the Federal Deposit Insurance Corp. more than
$1.7 billion.
- The Dolan family has tried on three occasions to take Cabelvision Systems Corp. (NYSE:CVC) private but failed.
- Citigroup Inc. (NYSE:C) may be on the ropes for the time being, but
chairman Richard Parsons has no doubt that the bank will be able to
repay the $45 billion in bailout money that kept it afloat since last
year. Meanwhile, the second round of bidding for Citigroup's Japanese
telemarketing unit, Bellsystem24, is heating up. Apparently CVC Capital
and Blackstone Group LP (NYSE:BX) stepped into the ring as joint
bidders last week, upsetting Permira's and Bain Capital LLC's go at the
unit in the first round of bidding, which reportedly ended Sept. 1.
- Eli Lilly & Co. (NYSE:LLY) is digesting its acquisitions of ImClone
Systems Inc. for $6.5 billion and Monsanto Co.'s (NYSE:MON) dairy cow hormone for
$300 million, and it is preparing for tough times ahead when some major
patents will face generic competition.
In economic news: The VIX fell below 24, according CNBC. - George White and Maria Woehr
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VITAL SIGNS |
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Figures are calculated
according to the latest stock data available at approximately 4:30 pm
ET |
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September 14, 2009 |
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Benchmark |
Spread |
Change from previous day |
1 week ago |
1 month ago |
1 year ago |
|
LIBOR 1-MONTH |
0.24 |
-0.002 |
0.25 |
0.27 |
2.49 |
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LIBOR 3-MONTH |
0.30 |
-0.004 |
0.31 |
0.43 |
2.82 |
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TED |
0.16 |
+0.001 |
0.18 |
0.25 |
1.42 |
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Exchange |
Average |
Change from previous day |
1 week ago |
1 month ago |
1 year ago |
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VIX |
23.83 |
-0.32 (-1.33%) |
25.26 |
24.27 |
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T-bond |
Current Price/Yield |
Price/Yield change |
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3-Year |
99-23 / 1.47 |
-0-02+ / .027
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5-Year |
100-01+ / 2.36 |
-0-09 / .060 |
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10-Year |
101-23 / 3.42 |
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