- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
Monsanto (NYSE:MON) acquires private equity Precision Planting for $210 million in cash and $40 million linked to a performance-based payment. The move should help reinforce the company’s tech that improves efficiencies in farming.
Don’t Miss: Will Sirius Give Up Its Freedom to Liberty?
Uranium major Cameco (NYSE:CCJ) might be planning an acquisition in the near term, judging by its intention to raise as much as $1 billion via a combination of securities, says BMO Capital. The analyst notes receding uranium equity valuations, and the firm’s strong funding capability. On the shopping list might be Paladin Energy (PALAF.PK), Denison Mines (AMEX:DNN), and UEX Corp. (UEXCF.PK).
Siemens (NYSE:SI) could be in the market for approximately a “couple of billion” euros worth of industrial software, said its CEO Peter Loescher at an investor conference. He added that “The core focus of Siemens is organic growth with bolt-on acquisition opportunities if they make sense.”.
Shares of Cove Energy (CNVGF.PK) rose in London to 240p, which tops the new 240p per share offer from Thailand’s PTT. The rise might indicate that Royal Dutch Shell (RDS.A) will raise its offer. Andrew Peaple of Heard On The Street figures that RDS might yet bid as much as $2.5 billion for Cove, and that it has more bidding capital that does PTT; the former’s net debt to equity is 9.9 percent, compared to the latter’s 33 percent.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.