Category Archives: China

China updates

Deals of the day — mergers and acquisitions

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The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday:

** Private equity firm Sun Capital Partners is exploring the sale of Emerald Performance Materials, a specialty chemicals company that could be worth more than $700 million, according to four sources familiar with the matter.

** U.S.-insurer New York Life is in exclusive negotiations with Yuanta Financial to sell its Taiwan assets, two sources with close knowledge of the deal told Reuters on Friday.

** Sempra Energy has signed up Japanese and French partners to back a liquefied natural gas export plant in Louisiana that will cost up to $10 billion, with construction expected to start next year, Sempra said on Thursday.

Under the 20-year agreements, all the LNG will be bought under three separate 4 million-ton-per-year deals by Mitsui & Co Ltd, Mitsubishi Corp via Nippon Yusen KK and France’s GDF Suez SA.

** Caterpillar Inc has reached a deal to cut $135 million from the price owed for a Chinese mining equipment maker, after accounting irregularities were discovered at the acquired company that forced Caterpillar to take a $580 million impairment charge.

** Dish Network Corp asked U.S. regulators on Thursday to stop reviewing SoftBank Corp’s proposed acquisition of Sprint Nextel Corp’s, citing the Japanese company’s reported attempt to thwart its bid for the U.S. wireless carrier.

** Gildemeister said an Austrian competition authority announcement stating Mori Seiki was seeking sole control over the German machine tool maker referred to Mori Seiki’s plan to take just close to a quarter of its shares.

** Slovenian firms and banks want higher bids for their joint 53 percent stake in the country’s largest food retailer Mercator, the largest shareholder Pivovarna Lasko said.

 

AyreTrade Inc. (SUMM) CEO Address and Corporate Update

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AyreTrade Inc. (SUMM) updates its followers and shareholders about future plans

AyreTrade Inc. (SUMM PK) http://www.ayretrade.com is pleased to provide this corporate update to its shareholders regarding new and exciting developments, plans and future events that is currently under way for SUMM.The Company is of the opinion that this is a positive material event affecting the Company and warrants a public announcement.

Tim Ayre SUMM CEO said “ Last year when we did the merger, with AyreTrade Financial Inc., (the brokerage arm) the big picture for SUMM has always been to add “business utilized services” (BUS) under our umbrella. The BUS concept, in our opinion will create a full service one stop shop financial conglomerate.” As a Company we are seeking to develop a robust engine, with something to insure our shareholders with sustainability for maximum growth, return, and share price valuation. Our plans to achieve these goals are two fold.

1.

Merging with or acquiring an already established profitable marketing company. (We have already identified several possible candidates.)

2.

In concert with the aforementioned merger we are exploring the possibility of doing either a joint venture with several commodity and futures types of companies; or possibly another merger with these trading companies.

To be clear, these are 2 separate mergers with 2 separate non related entities. The entire transformation of SUMM could take approximately 60 to 120 days. SUMM new “business services expansion plan” will definitely have a positive affect on the Company’s future development and revenues. We are also revitalizing our website. Further details about the business development will follow shortly.

Safe Harbor Statement

Information in this news release may contain statements about future expectations, plans, prospects or performance of Ayre Trade Inc. ( SUMM PK ) that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases “can be”, “expects”, “may affect”, “believed”, “estimate”, “project” and similar words and phrases are intended to identify such forward-looking statements. Ayre Trade Inc. ( SUMM PK ) cautions you that any forward-looking information provided by or on behalf of Ayre Trade Inc. ( SUMM PK ) is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Ayre Trade Inc. ( SUMM PK )’s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Ayre Trade Inc. ( SUMM PK )’s control. In addition to those discussed in Ayre Trade Inc. ( SUMM PK )’s press releases, public filings, and statements by Ayre Trade Inc. ( SUMM PK )’s management, including, but not limited to, Ayre Trade Inc. ( SUMM PK )’s estimate of the sufficiency of its existing capital resources, Ayre Trade Inc. ( SUMM PK )’s ability to raise additional capital to fund future operations, Ayre Trade Inc. ( SUMM PK )’s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Ayre Trade Inc. ( SUMM PK )’s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Ayre Trade Inc. ( SUMM PK ) does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

Contact:

tim@ayretrade.com

 

 

Deals of the day — mergers and acquisitions

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The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday:

** DDR Corp, owner of shopping centers where big-box retailers are located, said on Wednesday it had agreed to buy from Blackstone Group LP the portion of 30 centers it does not already own for $1.46 billion.

** Dish Network Corp has lined up four banks to finance its $25.5 billion bid for Sprint Nextel Corp, escalating the bidding war against Japanese telecom company SoftBank Corp, according to two people familiar with the matter.

** Novartis has no plans to bid for U.S.-based generic drugmaker Actavis, which is the subject of intense takeover speculation, a spokesman for the Swiss drugmaker said.

** Telus Corp, one of Canada’s biggest wireless telephone companies, said it will pay C$380 million ($370 million) to acquire Mobilicity, a recent entrant to the industry which helped force prices down but failed to draw many customers.

** Austria’s Kommunalkredit could still be sold and does not need to be wound down, the country’s market watchdog said on Thursday after Vienna missed an EU privatisation deadline for the lender.

** Before Optimer Pharmaceuticals Inc even put itself up for sale earlier this year, Cubist Pharmaceuticals Inc offered to buy the antibiotic maker for $20 per share, or nearly $1 billion, two people familiar with the matter told Reuters on Wednesday.

** Fish farmer Marine Harvest may consider raising its proposed $1.7 billion bid for rival Cermaq if the company would only give up its own attempt to take over fish feed firm Copeinca, its chairman said.

** Shares in Nivea-maker Beiersdorf rose on Thursday on market speculation that majority shareholder Maxingvest was selling half of its stake to U.S. rival Procter & Gamble, talk that was dismissed by a source close to the shareholder.

** Germany’s largest drugmaker Bayer said it agreed to buy privately held Steigerwald Arzneimittelwerk GmbH, a maker of herbal treatments. It did not disclose financial terms of the takeover.

** Private equity group HgCapital has put on ice a sale of Schleich, the German company that makes high-quality miniature animal figures and Smurfs toys, three people familiar with the matter said.

** Cerberus Capital Management LP is extending until May 31 a deadline to buy more shares in Japan’s Seibu Holdings, according to a public filing.

 

Deals of the day — mergers and acquisitions

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The following bids, mergers, acquisitions and disposals were reported by 1420 GMT on Wednesday:

** Itaú Unibanco Holding SA will take over Citigroup Inc’s Brazilian consumer finance units for 2.77 billion reais ($1.37 billion) as the nation’s biggest bank by market value expands more rapidly in the local credit card market.

** Warner Music won EU regulatory approval on Wednesday to buy the Parlophone Label Group from Vivendi’s Universal Music Group for 487 million pounds ($743.01 million).

** Shareholders of South Africa’s Cipla Medpro overwhelmingly approved a $488 million takeover offer from India’s Cipla Ltd on Wednesday, giving the Indian drugmaker a big presence in Africa’s biggest economy.

** British conglomerate Lonrho Plc, whose roots go back more than a 100 years to colonial Africa, received a buyout offer valuing the company about 175 million pounds ($266 million), double its market value at the close on Tuesday.

** Heineken NV’s UK unit has acquired a 3.21 percent stake in India’s United Breweries Ltd, the Indian alcohol company said.

** Chinese automotive manufacturer Tri-Ring Group Corp will buy Polish bearings maker FLT Krasnik for some 300 million zlotys ($93 million) in the largest investment yet by a Chinese firm in Poland, a person close to the deal said.

** Severn Trent rejected a preliminary takeover offer from a consortium including Borealis Infrastructure and the Kuwait Investment Office, saying the offer undervalued the British water company.

** Hamburg Sued, Germany’s second-largest shipping group, said it did not expect to resume talks with rival Hapag-Lloyd any time soon after talks were broken off on the form and details of a combination.

** TUI AG has no plans to merge with London-listed unit TUI Travel, the German company’s chief executive said.

** The parent of Dongfeng Motor Group Co, China’s second-largest automaker, will take an over-40 percent stake in Fujian Motor Industry Group, a local newspaper said , the latest consolidation in the country’s fragmented auto market.

 

Deals of the day — mergers and acquisitions

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The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday:

** Private equity firm CVC Capital Partners has ended a 1 billion pound ($1.5 billion) attempt to buy online betting exchange Betfair after the two companies failed to agree on price and strategy.

** Sony Corp, responding to a shareholder’s call for it to spin off its entertainment operations, said the businesses were important to its growth strategy and “are not for sale”.

** Chinese state-controlled power equipment maker XD Group is in early talks to buy General Electric Co’s joint venture with Mexico’s Xignux SA for up to $1 billion, a person familiar with the discussions told Reuters.

** Belgian cancer diagnosis and therapy company Ion Beam Applications said it had provisionally agreed the sale of its drug discovery arm to a European private equity firm for 25 million euros ($32.5 million).

** Shares in Severn Trent surged to all-time highs after the British water company confirmed it had received a takeover approach from a consortium including Borealis Infrastructure and the Kuwait Investment Office.

 

EU mergers and takeovers (May 13)

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MAY 15

– Warner Music Group, which is owned by Access Industries Inc, to acquire Parlophone Label Group from Vivendi’s Universal Music Group (notified April 5/deadline May 15)

MAY 16

– Czech group Agrofert to buy Italian pasta maker Barilla’s German bakery chain Lieken AG (notified April 8/deadline May 16/simplified)

MAY 17

– French insurer Sogecap, which is part of French bank Societe Generale, and Cardif Assurance Vie, which is a subsidiary of French bank BNP Paribas, to jointly acquire a real estate developer (notified April 9/deadline May 17)

– Australian warehouse operator Goodman Group to acquire a stake in a container terminal owned by ports operator DP World Limited, which is part of Dubai World (notified April 9/deadline May 17/simplified)

MAY 27

– Private equity firms KKR and Bregal Fund to jointly invest in private school operator Cognita (notified April 16/deadline May 27/simplified)

– Tokia Rubber, which is a subsidiary of Sumitomo Electric Industries, to buy car parts maker Anvis Group GmbH from H.I.G. Capital (notified April 16/deadline May 27)

MAY 28

– Food processor McCain Foods Group to buy potato products supplier Lutosa Business (notified April 3/deadline extended to May 28 from May 13 after McCain offered commitments)

MAY 29

– Swedish industrial holding company Lindengruppen and Swedish asset management company Foundation Asset Management Sweden to jointly acquire Swedish metals powder manufacturer Hoganas (notified April 18/deadline May 29/simplified)

– Otsuka Pharmaceutical, which is a subsidiary of Otsuka Holdings Co, and Japanese trading house Mitsui & Co to acquire stakes in Claris Otsuka Ltd which is owned by Indian drugmaker Claris Lifesciences Ltd (notified April 18/deadline May 29/simplified)

MAY 31

– Austrian mall developer Spar and the property arm of German insurer Allianz to set up a property joint venture (notified April 22/deadline May 31/simplified)

– L. Possehl Co & mbH to buy metal supplier Cookson Precious Metals Business (notified April 22/deadline May 31/simplified)

– Canada Life, which is a subsidiary of Canadian life insurer Great-West Lifeco, to acquire Irish Life (notified April 22/deadline May 31)

JUNE 4

– Brazilian investment fund 3G Capital, and Berkshire Hathaway to acquire joint control of U.S. ketchup maker H.J. Heinz Co (notified April 24/deadline June 4)

– Syral China Investment, which is part of Tereos International, and Wilmar China New Investments, which is a unit of the Wilmar group, to acquire joint control of Liaoning Jinxin Biology & Chemistry which is now solely owned by Wilmar (April 24/deadline June 4/simplified)

JUNE 6

– Swiss chocolate maker Barry Callebaut to buy the cocoa business of Singaporean group Petra Foods (notified April 26/deadline June 6)

– Austrian chemical company Borealis to buy French oil giant Total’s GPN fertiliser business and a majority stake in Belgium-based Rosier (notified April 26/deadline June 6)

JUNE 7

– Russian dairy producer OJSC Unimilk Co, which is controlled by French food group Danone Group, and French logistics company NDL International, which is controlled by French transport group Norbert Dentressangle, to form a logistics joint venture (notified April 29/deadline June 7/simplified)

– Dutch staffing company Randstad to acquire some of Dutch peer USG People NV’s assets (notified April 29/deadline June 7)

– Private equity firms Lion Capital and Avedon Capital Partners to acquire joint control of Dutch snack producer AD Van Geloven Holding (notified April 29/deadline June 7/simplified)

– Finnish paper producer Ahlstrom to merge with a unit of Swedish company Munksjo, which is partly owned by private equity fund EQT (notified Oct. 31/deadline extended for the second time to June 7 from May 16 after Ahlstrom offered concessions)

JUNE 11

– Private equity firm KKR to acquire indirect control of French clothing retailer SMCP (notified May 2/deadline June 11/simplified)

– French construction group Vinci to buy Portuguese airports operator Aeroportos de Portugal(ANA) (notified May 2/deadline June 11)

JUNE 14

– Diversified U.S. manufacturer Honeywell International Inc. to acquire mobile computing device maker Intermec For $600 million (notified Feb. 15/deadline June 14)

JUNE 20

– U.S. communications company Syniverse Technologies to buy Luxembourg-based communications services company Mach (notified Nov. 16/deadline extended for the third time to June 20 from May 30 after Syniverse offered additional commitments)

SEPT 3

– Greek carrier Aegean Airlines to buy Olympic Air (notified Feb. 28/deadline extended for the second time to Sept. 3 from April 23 after the Commission opened an in-depth investigation)

SEPT 6

– Swedish refiner Nynas to purchase certain assets from Royal Dutch Shell’s Harburg refinery (notified Feb. 19/deadline extended for the second time to Sept. 6 from Aug. 8 )

Friday’s Tips – May 10, 2013

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                                               Friday’s Tips - May 10, 2013

#Sipp Industrues, Inc. (SIPC: OTCPINK)

Sipp Industries operates through two unique beverage subsidiaries Palm Beach Coffee and Spectre Worldwide.

Spectre Worldwide is an authorized company to license private label liquors and wines through its agreement with the licensed US import company. Through Spectre’s agreement with the import company which was established in 2005, Spectre has the ability to offer and produce private label Vodkas, Tequilas, Liquors, Wines, Prosecco, Cognac and every other liquor under a private label brand. The Company believes that 25,000 to 100,000 cases would be a reasonable sales number for year 1 of a private label brand in association with Spectre’s association to the Event and Concert industry. The Company is also participating with producing private label for companies with global hotel and resort projects. Spectre also works directly with its own distilleries to distill its own Vodkas – both potato vodka and wheat vodka

Palm Beach Coffee is the exclusive importer-distributor of the ONE-TOUCH Gourmet Coffee Maker – an innovative new multi-beverage capsule system that redefines the way we make, drink and think about coffee.

#Pts, Inc. ( PTSH: OTCPINK)

Pts Inc. (Pinksheets: PTSH) www.ptspi.com management is of the opinion that the latest developments within PTSH constitute a material event which warrants a public announcement to its followers and shareholders.

In the afternoon Company will release list of 10 changes that will certainly positively affect on PTSH’s trading in future.

The  CEO audio or YouTube.Com address will be posted on the company corporate web site www.ptspi.com over the weekend. The Company invites its followers to visit the web site to hear the vision and intent of the new management moving forward.

#SUMM – AyreTrade, Inc.(OTC PINK)

Ayre Trade, Inc. (OTCPINK: SUMM, Current Information) is a full service securities brokerage firm offering a range of top of the line services such as on-line trading with discounted commissions and full financial services and support.The company manages over $70 million in client assets and trades general securities such as equities, debt instruments and mutual funds as its core business.With a range of other services being offered and with the implantation of the on-line platform Ayretrade’s business is surely on a steep rise!

#ADHC – American Diversified Holdings Corp.(OTC PINK)

The Mhealth market is one of the fastest growing industries in the world today and is predicted to reach some incredible heights in 2013!The Management of ADHC (American Diversified Holdings Corp., OTCPINK, Current Information) has targeted the fast growing mHealth market and has some big plans for 2013.Recently ADHC has been in negotiations with a leading health care information technology company to unveil its proprietary new portal focused on the billion dollar industry of preventing complications from prescription drug use.

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Deals of the day — mergers and acquisitions

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The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday:

** Oil and gas producer Apache Corp said it plans to sell assets worth $4 billion this year to reduce its debt and raise proceeds to buy back shares

** Facebook Inc is in advanced talks to acquire Israeli mobile satellite navigation start-up Waze for $800 million to $1 billion, business daily Calcalist reported on Thursday.

** Sumitomo Mitsui Financial Group’s deal to buy a $1.5 billion stake in Indonesia’s BTPN at high valuations marks the beginning of an aggressive push by cash-rich Japanese lenders into retail banking in other Asian markets.

** Italian oil and gas group Eni placed an 11.69 percent stake in gas transport group Snam on Thursday in a move that could net the oil major up to 1.49 billion euros ($1.96 billion).

** Manulife Financial Corp and Metlife Inc are among the suitors to submit first-round bids for the life insurance unit of Malaysian lender AMMB Holdings Bhd, people familiar with the matter told Reuters, in a deal that could be worth up to $350 million.

Deals of the day — mergers and acquisitions

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May 8 (Reuters) – The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

** Dairy products maker China Mengniu Dairy Co Ltd said it planned to buy 26.92 percent of China Modern Dairy Holdings Ltd for HK$3.18 billion ($409.8 million) to secure a stable, long-term premium milk supply.

** Malaysian state oil company Petronas agreed to pay $850 million for a stake in two Brazilian offshore oil blocks, bolstering billionaire Eike Batista who is selling assets to keep his energy, mining, port and shipbuilding empire afloat.

** Swiss engineering group Georg Fischer AG said on Wednesday it will buy a majority stake in Hakan Plastik with an option to buy the Turkish plastic pipe maker’s remaining shares.

** Warren Buffett’s Berkshire Hathaway Inc, the largest investor in DaVita HealthCare Partners Inc, has entered an agreement allowing it to nearly double its stake in the largest U.S. operator of dialysis clinics to 25 percent.

** Turkey is in talks with the London Stock Exchange and Nasdaq about possible strategic partnerships for its stock exchange in Istanbul, Deputy Prime Minister Ali Babacan said on Wednesday.

** Dutch dredging group Boskalis said on Wednesday it is in talks to sell its stake in Archirodon, a construction company involved in projects in several countries in the Middle East.

** Sumitomo Mitsui Banking Corp (SMBC) said it agreed to acquire as much as 40 percent of Indonesian lender BTPN , giving the Japanese bank a foothold in the fast-growing Southeast Asian economy.

** Keith Meister, managing partner and chief investment officer of Corvex Management, said on Wednesday that TW Telecom is a strong candidate for acquisition.

** BC Partners’ $1.3 billion acquisition of animal identification company Allflex will be backed with an $810 million debt financing, banking sources said on Wednesday.

** Private equity investor Oaktree is in advanced talks to merge its German office real estate unit Acorn with competitor Prime Office.

** San Clemente, California-based medical device provider ICU Medical Inc is considering a sale that could fetch more than $1 billion, according to a Bloomberg News report Wednesday morning.

** Turkey’s Gozde Girisim mandated asset manager Unlu to sell its 11.57 percent stake in Turkish Islamic lender Turkiye Finans.

** Spanish telecoms company Telefonica said it would not sell its unit in Colombia and was beginning talks with the Colombian government, also a shareholder, to find ways to capitalize the business and increase liquidity.

** Italy’s Eni will sell an 11.7 percent stake in Snam, worth around 1.5 billion euros ($1.98 billion) at market prices, as it makes good on a pledge to exit the gas transport company.

Deals of the day — mergers and acquisitions

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The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:

** BMC Software Inc said it agreed to be acquired by a private equity group led by Bain Capital and Golden Gate Capital Corp for about $6.9 billion. Reuters had reported on Sunday that the deal was imminent.

** Canadian private equity company Onex Corp said it will buy TV ratings firm Nielsen Holdings N.V.’s expositions business for $950 million in cash.

** Azerbaijan’s state oil fund SOFAZ has agreed to invest around $500 million in a new share offering by VTB, Russia’s second-largest bank, the fund said in e-mailed comments to Reuters.

** Slovenia, struggling to avoid a bailout, will this year try to sell the state-owned bank Nova KBM , the second-largest bank in the country, a government source told Reuters.

** Dimension Data said it has made a 3.05 billion shillings ($36 million) offer for information technology firm AccessKenya <ACCS.NR.

** Wireless service provider Clearwire Corp said its proposed buyout by majority owner Sprint Nextel Corp was the best option for Clearwire’s minority stockholders.

** BG Group said it signed a binding $1.93 billion agreement with Chinese oil firm CNOOC to supply liquefied natural gas that will include an equity stake in BG’s Queensland Curtis LNG project in Australia.

** The three partners that own Edens, a shopping center landlord and developer with $3.5 billion in assets, are negotiating its future as one of them considers exiting, people with knowledge of the situation said.

** Intel Corp’s security software division McAfee said it plans to buy Finland’s network firewall maker Stonesoft Oyj for around $389 million in cash, a 128 percent premium to the company’s stock market value at Friday’s close.

** Private equity firm CCMP Capital Advisors said on Saturday that it was buying British gym operator Pure Gym for an undisclosed amount.

** Financial consultancies Deloitte, PricewaterhouseCoopers and Ernst & Young are interested in buying peer Roland Berger, two people with knowledge of the matter told Reuters on Sunday.

** Britain’s government is considering whether to sell its 40 billion pound ($62 billion) student loan book as part of a series of privatizations that includes selling off the Royal Mail Group, the Sunday Times newspaper said.

** State-owned conglomerate China Resources (Holdings) Co Ltd plans to merge its Hong Kong-listed power producer with its natural gas distribution unit to form a $22 billion energy group able to negotiate better terms for natural gas supplies from the state.