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Published November 13, 2009 at 4:43 PM
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 Welcome to Deal Stocks. In the news Friday are Liberty Global Inc. (NASDAQ:LBTYA), British Airways plc, Dollar General Corp. (NYSE:DG), Citigroup Inc. (NYSE:C), Walt Disney Co. (NYSE:DIS), Anheuser-Busch InBev NV (NYSE:BUD), SolarWinds Inc. (NYSE:SWI), General Electric Co. (NYSE:GE), and Comcast Corp. (NASDAQ:CMCSA).
Stocks rose on positive earnings reports, even though a decline in consumer sentiment kept some investors weary, according to CNBC. The Dow closed Friday up 73.00, or .72%, to 10,270.47 while the Nasdaq finished up 18.86, or .88%, to 2,167.88.
For more hot stocks, check out the arbitrage charts in The Deal Pipeline (subscription required) or stocktwits. See the latest on the rally at Overheard on Stocktwits.
- Playboy Enterprises Inc. (NYSE:PLA) is in discussions with Jim Griffiths, a former Playboy entertainment president, and private equity firm Golden Gate Capital to sell itself for about $300 million, according to Reuters.
- Denver media firm Liberty Global Inc. (NASDAQ:LBTYA) has agreed to buy Unitymedia GmbH, Germany's second-largest cable television firm, for for €3.5 billion ($5.2 billion), from New York's Apollo Global Management LLC and London's BC Partners Ltd. (Subscribers to the The Deal Pipeline can read the full story here.)
- British Airways plc and Iberia Lineas Aereas de Espana SA announced plans to combine after more than 15 months of negotiations. The combined company would generate €15 billion
($20 billion) in annual sales and carry more than 62 million passengers
a year. (Subscribers to the The Deal Pipeline can read the full story here.)
- Discount retailer Dollar General Corp. (NYSE:DG) priced shares
in its initial public offering at $21 each, at the low end of
expectations. Dollar General, which is almost entirely owned by private
equity firm Kohlberg Kravis Roberts & Co. had expected the shares to sell for between $21 and $23 each, according to Reuters.
- Citigroup Inc. (NYSE:C) and private equity firm Bain Capital LLC are finalizing a roughly ¥100 billion ($1.1 billion) deal to buy Citigroup's Japanese telemarketer Bellsystem24 Inc., Reuters reports. It would be the largest buyout by a foreign private equity firm in Japan in nearly two years.
- Walt Disney Co. (NYSE:DIS), the world's largest media company,
reported for the quarter ending Sept. 30 a net income of $895 million,
or 47 cents a share, beating analysts' estimates. The results are an
18% rise from a year earlier, when the company posted net income $760
million, or 40 cents a share, Bloomberg reports. CEO Robert Iger also announced that CFO Tom Staggs will swap jobs with parks head Jay Rasulo.
- Anheuser-Busch InBev NV (NYSE:BUD) may target Mexico's Corona from Grupo Modelo SAB for its next deal, according to Bloomberg.
AB InBev on Thursday reported beer sales that missed analysts'
estimates and may next try to buy the 50% of the Corona brewer it
doesn't already own, a stake currently worth about $7 billion.
- Stockholders of network management software provider SolarWinds Inc. (NYSE:SWI)
have priced 12 million shares at $18.75 per share in a secondary public
offering. The underwriters have a 30-day option to purchase up to 1.8
million additional shares, according to MarketWatch.
- News Corp. (NASDAQ:NWSA) president Chase Carey and Liberty Media Corp. CEO Greg Maffei, in separate presentations at a conference, said that a deal between Comcast Corp. and General Electric Co. (NYSE:GE), which
would give Comcast a 51% stake in a $30 billion NBC
Universal joint venture, could face regulatory hurdles, according to Reuters.
- CEO Fritz Henderson, trying to soothe Adam Opel GmbH employees
infuriated by General Motors Co.'s decision to retain Opel, says he's
willing to give the unit a certain amount of autonomy. "The business
will have both the authority and the
independence to be successful," he said after two days of meetings at
Opel's headquarters in Rüsselsheim, Germany.
- If Kraft Foods Inc. (NYSE:KFT) raises its hostile offer for British
confectioner Cadbury plc (NYSE:CBY), which it seems hedge fund manager
John Paulson is betting on, European Commission approval is likely. So says Peter King, a corporate partner at Weil, Gotshal & Manges LLP.
In economic news: - Consumer sentiment declined to 66 in November, according to a study done by Reuters and the University of Michigan and reported by CNBC.
- The U.S. trade deficit rose by 0.7%, its highest level in over 10 years, according to CNBC.
- Sara Behunek, Maria Woehr and Gerald Magpily
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VITAL SIGNS |
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Figures are calculated
according to the latest stock data available at approximately 4:00 pm
ET |
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November 13, 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 |
-0.001 |
0.24 |
0.24 |
1.42 |
|
LIBOR 3-MONTH |
0.27 |
-0.002 |
0.28 |
0.28 |
2.15 |
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TED |
0.21 |
-0.004 |
0.22 |
0.21 |
2.94 |
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Exchange |
Average |
Change from previous day |
1 week ago |
1 month ago |
1 year ago |
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VIX |
23.34 |
-0.90 (-3.71%) |
24.19 |
22.99 |
|
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T-bond |
Current Price/Yield |
Price/Yield change |
|
3-Year |
100-03 / 1.34 |
0-01 / -.011
|
|
5-Year |
100-17+ / 2.25 |
0-00 / -.000 |
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10-Year |
99-19 / 3.42 |
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