Market News

Bunge Reports Q3 EPS Beat, Misses on Revenue; Appoints New Board Members, Forms Strategic Review Committee

Bunge (BG) reported Wednesday financial results for Q3, with better-than-expected earnings and revenue that fell short of analysts’ estimates; it also said that its board of directors has appointed three new members. The global agribusiness and food company posted earnings of $2.52 per share, compared with the prior-year period’s $0.75 per share. Analysts polled by Capital IQ were expecting EPS […]

Carlyle Posts Q3 EPS Miss, Beats on Revenue

The Carlyle Group L.P (CG) reported early Wednesday financial results for Q3, with lower-than-expected earnings and revenue that topped analysts’ estimates; it also approved distributions on common units. The global alternative asset manager posted economic earnings of $0.25 per adjusted unit, excluding one-time items, compared with the prior-year period’s $0.56 per adjusted unit. Analysts polled by Capital IQ were expecting […]

Pepsico Acquires Sparkling Water Maker SodaStream For $3.2 Billion in All-Cash Deal

Pepsico (PEP) said Monday that it would acquire sparkling water brand SodaStream in a deal valued at $3.2 billion. SodaStream shareholders will receive $144 per share in cash, representing a 32% premium to the 30-day average price, Pepsi said in a statement. The deal will be funded with Pepsi’s cash on hand. the acquisition was unanimously approved by both companies’ […]

Shell Says Nigerian Trans Ramos Pipeline to Forcados Terminal Remains Shut

Royal Dutch Shell (RDS.A, RDS.B) said that the Trans Ramos pipeline which feeds into Nigeria’s Forcados oil export terminal remains shut as it attempts to clean up crude oil spilled from a ruptured section, S&P Global Platts reported. The company’s Nigerian unit said that it “has recovered over 95% of spilled oil from the recent spill incidents on sections of […]

Annaly Capital Management Extends Exchange Offer to Acquire MTGE Investment

Annaly Capital Management (NLY) said pre-market Monday that it has extended its previously announced exchange offer to purchase all of the outstanding shares of MTGE Investment. In the offer, MTGE stockholders may elect to receive, in exchange for each share of MTGE common stock they hold, $9.82 in cash and 0.9519 Annaly shares, or $19.65 in cash, or 1.9037 Annaly […]