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Wednesday, August 5, 2015

ANA gains creditor backing to lead bankrupt Skymark's turnaround plan, (NYSE: DAL)

ANA Holdings Inc won the backing of creditors to lead a turnaround of bankrupt Japanese discount carrier Skymark Airlines Inc, defeating a rival plan that proposed Delta Air Lines as its sponsor.The victory is set to give Japan's largest carrier access to Skymark's 36 landing and take-off slots at Tokyo's popular Haneda airport, helping it cement its growing domestic dominance over Japan Airlines. For debt holders seeking to recoup their money, ANA is less risky than Delta, a creditor told Reuters ahead of the Wednesday vote.ANA has a track record of operating airlines in Japan, has already discussed business plans with Skymark and other stakeholders and is close to Prime Minister Shinzo Abe's government, he added, declining to be identified due to the sensitivity of the matter.

Delta Air Lines, Inc. (Delta) provides scheduled air transportation for passengers and cargo throughout the United States and around the world. Shares of DAL traded higher by 1.36% or $0.62/share to $46.35. In the past year, the shares have traded as low as $30.12 and as high as $51.06. On average, 11927900 shares of DAL exchange hands on a given day and today's volume is recorded at 11268314.



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Tuesday, August 4, 2015

ANA to get Airbus backing as creditors vote on Skymark sponsor -sources, (NYSE: DAL)

ANA Holdings Inc will get the backing of Airbus Group in a crucial vote by creditors on Wednesday to pick a sponsor for bankrupt Japanese discount carrier Skymark Airlines Inc, three sources with knowledge of the matter said. That increases the likelihood that ANA will win the sponsorship role as creditors choose between a plan led by Japan's biggest carrier and a rival proposal for Delta Air Lines to help turnaround the failed carrier.Creditors will vote in two rounds - the first where each vote is weighted to the amount each creditor is owed, while the second will give each of the 197 creditors an equal vote. A plan must gain a majority vote in both rounds for a sponsor to be approved.A decision is expected at 2.30 p.m. Tokyo time (0530 GMT). The sources declined to be identified ahead of the vote. A spokesman for Airbus declined to comment.

Delta Air Lines, Inc. (Delta) provides scheduled air transportation for passengers and cargo throughout the United States and around the world. Shares of DAL traded higher by 1.36% or $0.62/share to $46.35. In the past year, the shares have traded as low as $30.12 and as high as $51.06. On average, 11927900 shares of DAL exchange hands on a given day and today's volume is recorded at 11268314.



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Drugmaker Shire bids $30 billion for Baxter spin-off Baxalta, (NYSE: BAX)

Drugmaker Shire said on Tuesday it was seeking to purchase Baxalta, a company spun-off by Baxter International last month, for $30 billion to forge the leading global specialist in rare diseases.The London-listed group went public with its approach after the U.S. firm turned it down. Shire said its unsolicited all-share offer valued each Baxalta share at $45.23, based on Aug. 3 market prices. Shares in Baxalta had jumped 17 percent to $38.76 by around midday in New York.The Illinois-based firm, which has a staff of around 16,000, develops biotech treatments for rare blood conditions, cancers and immune system disorders. It had proforma revenue of $6 billion in 2014.Baxalta offers Shire a promising range of new products to complement its growing portfolio of high-priced treatments for rare or "orphan" diseases, analysts said. But there is no guarantee that Shire, itself the target of a failed takeover in 2014, will land its prey.

Baxter International Inc. (Baxter) is a diversified healthcare company. Shares of BAX traded higher by 2.696% or $1.065/share to $40.58. In the past year, the shares have traded as low as $34.77 and as high as $41.47. On average, 11005800 shares of BAX exchange hands on a given day and today's volume is recorded at 33897617.



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Monday, August 3, 2015

Bradesco to acquire HSBC Brazil unit, biggest-ever buy, (BTS: BBD), (NYSE: BBDO)

Banco Bradesco SA agreed to purchase HSBC Holdings Plc's Brazilian unit for a surprisingly high 17.6 billion reais ($5.2 billion), narrowing the gap with larger rivals while boosting its base of affluent customers in Latin America's largest economy.The deal between Bradesco and Europe's largest bank includes the latter's Brazilian retail banking and insurance units. The agreement, which still requires regulatory approval and was sealed on July 31, could close by June.The all-cash acquisition will allow Bradesco to close the asset gap with larger rivals Ita� Unibanco Holding SA and state-controlled banks Banco do Brasil SA and Caixa Econ�mica Federal. HSBC Brasil's focus on high-income customers fits well into Bradesco's plan to ramp up sales of specialized financial services for the wealthy and larger corporations. The purchase price, which could change to reflect the net asset value of both businesses, is equivalent to 1.8 times book value, far above what analysts expected and above Bradesco's own valuation. Reuters reported on July 20 that Bradesco had entered exclusive talks with HSBC after offering to pay about 12 billion reais, or 1.2 times book value.

Banco Bradesco S.A. (the Bank) is a commercial bank. Shares of BBD fell by 3.65% or $-0.29/share to $7.65. In the past year, the shares have traded as low as $7.57 and as high as $18.67. On average, 9362590 shares of BBD exchange hands on a given day and today's volume is recorded at 14209987.

Shares of BBDO fell by 4.21% or $-0.34/share to $7.73. In the past year, the shares have traded as low as $7.57 and as high as $18.25. On average, 3792 shares of BBDO exchange hands on a given day and today's volume is recorded at 509.



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Bradesco to pay $5.2 billion for HSBC Brazil unit, biggest-ever buy, (BTS: BBD), (NYSE: BBDO)

Banco Bradesco SA agreed to purchase HSBC Holdings Plc's Brazilian unit for 17.6 billion reais ($5.2 billion), narrowing the gap with larger rivals while boosting its base of affluent customers in Latin America's largest economy. The deal between Bradesco and Europe's largest banks includes the latter's Brazilian retail banking and insurance units. The agreement, which still requires regulatory approval and was sealed on July 31, could close by June.The purchase price, which could change to reflect the net asset value of both businesses, is equivalent to 1.8 times book value, way above what analysts expected and above Bradesco's own valuation. Reuters reported on July 20 that Bradesco had entered exclusive talks with HSBC after offering to pay about 12 billion reais, or 1.2 times book value.Shares of Bradesco posted their steepest drop since July 23, shedding 4 percent.

Banco Bradesco S.A. (the Bank) is a commercial bank. Shares of BBD fell by 3.15% or $-0.25/share to $7.69. In the past year, the shares have traded as low as $7.57 and as high as $18.67. On average, 9362590 shares of BBD exchange hands on a given day and today's volume is recorded at 2457605.

Shares of BBDO fell by 4.21% or $-0.34/share to $7.73. In the past year, the shares have traded as low as $7.57 and as high as $18.25. On average, 3792 shares of BBDO exchange hands on a given day and today's volume is recorded at 504.



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REFILE-Bradesco to pay $5.2 billion for HSBC Brazil unit, biggest-ever buy, (NYSE: BBD), (NYSE: BBDO)

Banco Bradesco SA agreed to purchase HSBC Holdings Plc's Brazilian unit for 17.6 billion reais ($5.2 billion), narrowing the gap with larger rivals while boosting its base of affluent customers in Latin America's largest economy. The deal between Bradesco and Europe's largest banks includes the latter's Brazilian retail banking and insurance units. The agreement, which still requires regulatory approval and was sealed on July 31, could close by June.The purchase price, which could change to reflect the net asset value of both businesses, is equivalent to 1.8 times book value, way above what analysts expected and above Bradesco's own valuation. Reuters reported on July 20 that Bradesco had entered exclusive talks with HSBC after offering to pay about 12 billion reais, or 1.2 times book value.Shares of Bradesco posted their steepest drop since July 23, shedding 4 percent.

Banco Bradesco S.A. (the Bank) is a commercial bank. Shares of BBD fell by 3.212% or $-0.255/share to $7.68. In the past year, the shares have traded as low as $7.57 and as high as $18.67. On average, 9362590 shares of BBD exchange hands on a given day and today's volume is recorded at 2455105.

Shares of BBDO fell by 4.21% or $-0.34/share to $7.73. In the past year, the shares have traded as low as $7.57 and as high as $18.25. On average, 3792 shares of BBDO exchange hands on a given day and today's volume is recorded at 504.



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