Market News

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 […]

Apple to Face ‘Material’ Disappointment in 2019 as iPhone Revenues Will Decline 8%, New Street Says

Demand brought forward following the success of Apple’s (AAPL) iPhone X will drive an “air pocket,” leading to a material disappointment in the company’s performance in 2019, according to New Street. The introduction of a lower-price premium OLED phone won’t be enough to make up for the shortfall, the bank warned. Apple is likely facing a multi-year transition period, during […]

MagneGas Holds Preliminary Talks on Agricultural Sterilization Permitting Requirements in North Carolina

MagneGas (MNGA) said pre-market Monday that it has held a preliminary permitting meeting with the North Carolina Department of Environmental Quality (NCDEQ) and the US Army Corps of Engineers in a bid to gain a clear and complete understanding of the various regulatory and permitting requirements needed to begin scaled commercialized sterilization of agricultural waste in the state. The company […]