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Tuesday, May 26, 2015

Irish government backs sale of Aer Lingus to IAG, (NASDAQ: RYAAY)

The Irish government agreed on Tuesday to sell its 25 percent stake in Aer Lingus to IAG, paving the way for the owner of British Airways and Iberia to make a formal bid for the Irish carrier.International Consolidated Airlines Group's (IAG) proposed 1.36 billion euro ($1.48 billion) offer for Aer Lingus was recommended by the Irish airline's board in January but is still conditional on receiving the support of its other main shareholder, Ryanair Holdings Plc."There's a number of extremely important changes that have led to this decision by government today," Paschal Donohoe told a news conference after a cabinet meeting. In February the government presented IAG with a list of new demands it said had to be met before it would consider the sale, in areas including possible job cuts, transatlantic services and a longer guarantee on maintaining connections between Irish airports and London's Heathrow airport, BA's hub where Aer Lingus holds valuable runway slots.

Ryanair Holdings plc is an Ireland-based holding company for Ryanair Limited (Ryanair). Shares of RYAAY traded higher by 1.6% or $1.04/share to $66.23. In the past year, the shares have traded as low as $49.70 and as high as $71.79. On average, 325534 shares of RYAAY exchange hands on a given day and today's volume is recorded at 735679.



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Monday, May 25, 2015

Barrick sells Australian Cowal gold mine to Evolution for $550 mln, (NYSE: ABX), (TSE: ABX.TO)

Barrick Gold , the world's top gold producer, has agreed to sell its Cowal mine to Evolution Mining for $550 million in a deal that will turn Evolution into Australia's second largest producer of the precious metal.The deal gives Evolution a large, low-cost mine that will boost its output to around 800,000 ounces a year, around one-third the output of top Australian producer Newcrest Mining ."This is a truly transformational acquisition for Evolution," Executive Chairman Jake Klein said after the deal was announced on Monday. "This is the high quality asset we have been looking for to cornerstone our business." Barrick put Cowal up for sale along with its Porgera mine in Papua New Guinea, among other assets, in an effort to cut debt by $3 billion by the end of this year.

Barrick Gold Corporation (Barrick) operates mines and advanced exploration and development projects. Shares of ABX fell by 1.21% or $-0.15/share to $12.29. In the past year, the shares have traded as low as $10.04 and as high as $19.49. On average, 12615000 shares of ABX exchange hands on a given day and today's volume is recorded at 7870961.

Barrick Gold Corporation (Barrick) operates mines and advanced exploration and development projects. Shares of ABX fell by 0.53% or $-0.08/share to $15.11. In the past year, the shares have traded as low as $11.67 and as high as $21.14. On average, 2307070 shares of ABX.TO exchange hands on a given day and today's volume is recorded at 1183921.



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Thursday, May 21, 2015

Cerberus launches selldown of up to $878 million in Japan's Seibu - IFR, (NYSE: TRI), (TSE: TRI.TO)

U.S. private equity firm Cerberus Capital Management LP on Thursday launched a selldown of up to $878 million in railway firm Seibu Holdings, IFR reported, citing a term sheet of the transaction. The move comes as Cerberus pulls back from Japan after failing to win control of Seibu, with 15 senior executives leaving the firm this year.Cerberus is offering 33.75 million shares of Seibu in an indicative range of 3,055 yen to 3,150 yen each, putting the total deal at up to 106.31 billion yen, added IFR, a Thomson Reuters publication. The price is equivalent to a discount of up to 7.4 percent to Thursday's close. Cerberus didn't immediately return a Reuters request for comment on the Seibu selldown.

Thomson Reuters Corporation is a provider of intelligent information for businesses and professionals. Shares of TRI fell by 0.39% or $-0.16/share to $40.59. In the past year, the shares have traded as low as $34.07 and as high as $42.64. On average, 906150 shares of TRI exchange hands on a given day and today's volume is recorded at 496593.

Thomson Reuters Corporation is a provider of intelligent information for businesses and professionals. Shares of TRI fell by 0.74% or $-0.37/share to $49.47. In the past year, the shares have traded as low as $37.24 and as high as $53.00. On average, 742627 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 585143.



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Deutsche Telekom to consider partner for T-Mobile US - CEO, (NYSE: TMUS)

Deutsche Telekom will consider any partner that can improve profitability at its U.S. operations, its chief executive told the company's annual shareholders meeting.Chief Executive Tim Hoettges said on Thursday T-Mobile US , of which Deutsche Telekom owns 66 percent, was in much better shape than two years ago. "But it is our duty to go on improving the return on T-Mobile US," he added. "If we find a partner who will help us to do so, we will obviously consider it."T-Mobile US, the fourth-largest wireless carrier in the United States, has turned around years of subscriber losses with cut-price deals, savvy marketing and well-publicized wireless plans in recent quarters.

Shares of TMUS traded higher by 2.35% or $0.81/share to $35.21. In the past year, the shares have traded as low as $24.26 and as high as $35.55. On average, 3564100 shares of TMUS exchange hands on a given day and today's volume is recorded at 6234112.



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Bwin.Party expects conclusion to takeover talks in 'coming weeks', (TSE: AYA.TO)

Online gambling company Bwin.Party Digital Entertainment Plc, the subject of competing takeover bids, said it expects in coming weeks to "reach a conclusion" as discussions with suitors enter a new stage.Bwin's London-listed shares rose as much as 6 percent on Thursday after the company also reported better-than-expected margins for the first quarter, helped by careful cost management. Higher taxes and tougher regulations in Britain and other big European markets have taken a toll on gambling companies and raised the possibility of consolidation in the industry.Bwin, which put itself on the block last year, is at the centre of a takeover battle between at least two bidders: smaller peer 888 Holdings Plc and a partnership between GVC Holdings Plc and Canada's Amaya Inc.

Amaya Inc., formerly Amaya Gaming Group Inc., is a Canada-based technology company. Shares of AYA traded higher by 0.58% or $0.19/share to $32.81. In the past year, the shares have traded as low as $8.65 and as high as $37.87. On average, 609281 shares of AYA.TO exchange hands on a given day and today's volume is recorded at 188067.



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Wednesday, May 20, 2015

Salesforce reports first profit in seven quarters, shares jump, (NYSE: CRM)

Salesforce.com Inc, the subject of takeover speculation for the past few weeks, raised its revenue forecast for the full year, after the cloud software company reported a profit for the first time in seven quarters.Shares of the world's biggest maker of online sales software were up 7.3 percent in extended trading on Wednesday.The company has struggled to earn consistent profits despite strong revenue growth over the past few years as margins waver on higher spending, including on hiring sales personnel who are vital in expanding deferred revenue. "I think what investors will be very enthusiastic about tomorrow is how much margin upside there was," FBR Capital Markets analyst Samad Samana said.

salesforce.com, inc. is a provider of enterprise cloud computing solutions. Shares of CRM fell by 1.85% or $-1.32/share to $70.16. In the past year, the shares have traded as low as $49.62 and as high as $78.46. On average, 5331640 shares of CRM exchange hands on a given day and today's volume is recorded at 9534213.



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