New York Times DealBook Digest 6/20/2006
Stocks: (NOK)(SI)(SVY.TO)(WLE.TO)(ERICY)(NYX)(EMMS)(ROK)(PA)
According to The New York Times DealBook, technology deals and "cross-border transactions" should turn in a strong performance in the second half of 2006. The information is based on a study by The Association for Corporate Growth and Thomson Financial . Survey repondents felt that technology deals would lead M&A activity.
DealBook also writes that analysts have downgraded Nokia due to its plan to form a joint venture with Siemens. One analyst predicted that the new entity would win 23% of the wireless network market just behind Ericsson. But, analysts are concerned that the integration of the two company's platforms will be difficult.
DealBook also says that Savanna Energy, a Canadian company in the oil field services industry, is acquiring Western Lakota for $561 million to get access to equipment that can do deeper drilling.
DealBook writes that the New York Stock Exchange is launching an investigation to short selling related to IPOs. The concern is that shares are being sold short before the offerings are traded.
DealBook writes that Emmis Communications has brought in lawyers and financial advisors to examine a possible buy-out offer from management.
DealBook says that Rockwell Automation has hired an advisor to sell its Dodge mechanical and Reliance electric motor businesses.
DealBook also reports that the FCC has approved the merger of satellite companies PanAmSat and IntelSat.
Douglas A. McIntyre
According to The New York Times DealBook, technology deals and "cross-border transactions" should turn in a strong performance in the second half of 2006. The information is based on a study by The Association for Corporate Growth and Thomson Financial . Survey repondents felt that technology deals would lead M&A activity.
DealBook also writes that analysts have downgraded Nokia due to its plan to form a joint venture with Siemens. One analyst predicted that the new entity would win 23% of the wireless network market just behind Ericsson. But, analysts are concerned that the integration of the two company's platforms will be difficult.
DealBook also says that Savanna Energy, a Canadian company in the oil field services industry, is acquiring Western Lakota for $561 million to get access to equipment that can do deeper drilling.
DealBook writes that the New York Stock Exchange is launching an investigation to short selling related to IPOs. The concern is that shares are being sold short before the offerings are traded.
DealBook writes that Emmis Communications has brought in lawyers and financial advisors to examine a possible buy-out offer from management.
DealBook says that Rockwell Automation has hired an advisor to sell its Dodge mechanical and Reliance electric motor businesses.
DealBook also reports that the FCC has approved the merger of satellite companies PanAmSat and IntelSat.
Douglas A. McIntyre
posted by douglas mcintyre at 2:42 PM
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