19.22 +0.06 (0.31%)
Pre-market: 9:11AM EDT
|Bid||17.30 x 500|
|Ask||20.05 x 300|
|Day's range||19.00 - 19.34|
|52-week range||8.57 - 22.05|
|PE ratio (TTM)||32.11|
|Forward dividend & yield||0.21 (1.08%)|
|1y target est||18.55|
Feb.08 -- Art Hogan, B. Riley FBR chief market strategist, discusses the Treasuries market and U.S. budget deficits with Bloomberg’s Alix Steel and David Westin on "Bloomberg Daybreak: Americas."
Feb.07 -- Barton Crockett, FBR Capital Markets analyst, discusses Walt Disney Inc.'s first-quarter performance. He speaks with Bloomberg's David Westin on "Bloomberg Daybreak: Americas."
Dec.19 -- Barton Crockett, analyst at FBR Capital Markets, looks at potential regulatory hurdles for Walt Disney Co.'s acquisition of 21st Century Fox assets. He speaks with Bloomberg's Jonathan Ferro on "Bloomberg Markets: The Open." Crockett, his family, and firm, do not own shares of 21st Century Fox or Disney, but his firm intends to seek an IB relationship with both companies.
Nov.20 -- Barton Crockett, analyst at FBR Capital Markets, and Walter Piecyk, analyst at BTIG, discuss the mega-cap media landscape and possible AT&T antitrust showdown. They speak with Bloomberg's David Westin on "Bloomberg Daybreak: Americas."
Brazil's Suzano Papel e Celulose SA (SUZB3.SA) won the battle to acquire larger rival Fibria Celulose SA (FIBR3.SA), creating the world's biggest wood pulp producer while shelving expansion plans. Controlling shareholders Votorantim Participações SA and BNDESPar, the investment arm of Brazilian state development bank BNDES, on Friday accepted Suzano's offer worth 36 billion reais (7.89 billion pounds) in cash and shares at current prices. An aggressive rival all-cash bid from Netherlands-based Paper Excellence fell short as Votorantim and BNDES judged the proposal lacked necessary funding.
Brazil's Suzano Papel e Celulose SA won the battle for control of larger rival Fibria Celulose SA, creating the world's biggest wood pulp producer with the blessing of state development bank BNDES, a common shareholder in the two companies. The new company will lead world pulp production with a total capacity of 11 million tonnes of pulp a year, more than double the 5 million tonnes in production capacity by the world's second-largest producer, International Paper Co, according to Poyry, a paper and pulp consultancy firm.
SAO PAULO/RIO DE JANEIRO (Reuters) - Netherlands-Based Paper Excellence BV raised its bid to take over Brazilian pulpmaker Fibria Celulose SA in an attempt to win the deal from rival Suzano Papel e Celulose SA, a person with knowledge of the matter said on Thursday. Paper Excellence raised its bid on Wednesday for Fibria -- the world's largest eucalyptus pulp maker -- to 71.50 reais per share from 67 reais, the source said, asking for anonymity because of the sensitivity of the matter. Controlling shareholders, industrial conglomerate Votorantim Participações SA and the investment arm of development bank BNDES, all confirmed this week having received two competing bids for Fibria.
** At least three bidders are expected to submit final offers for global miner Rio Tinto's Hail Creek and Kestrel coal mines in Australia, which could fetch up to $2.5 billion, people familiar with the process said. ** GKN and Dana Incorporated agreed a $6.1 billion deal to merge GKN's automotive business with U.S.-based Dana as the British firm looks to fend off a hostile bid from Melrose Industries. ** China Resources Beer (Holdings) Co Ltd is in talks to acquire Heineken NV's China business in a deal that could be worth more than $1 billion, as the country's largest brewer seeks new growth from premium brands, five people close to the discussions said.
Fibria Celulose shows rising price performance, earning an upgrade to its IBD Relative Strength Rating.
Famous Brands (Other OTC: FMBRF - news) , South Africa's biggest fast-food restaurant chain, on Wednesday warned of lower half-year results and cut its margin forecast, sending its shares down more than 8 percent. The company, owner of Debonairs Pizza and Mugg & Bean in South Africa, has been expanding at home, across Africa and in Britain through acquisitions in dining and fast food, including the UK restaurant chain Gourmet Burger Kitchen. "In light of these factors, the Group expects that its results for the full six months to 31 August 2017 will be weaker than those reported in the prior comparable period," Famous Brands said in a statement.
South African food services franchising company Famous Brands (Other OTC: FMBRF - news) scrapped its dividend on Monday for the first time in 13 years seeking to conserve capital after a series of acquisitions boosted its debt. Chief Executive Darren Hele said Famous Brands abandoned the payout for the year which ended in February because the group's gearing is substantially higher than in prior years following seven acquisitions in 2016. "Looking at our net debt to equity ratio now, we've taken on some debt that we've not typically had and just want to make sure that before we resumed the dividend that the cash positioning is strong again and we did it for the right reasons," Hele told Reuters over the phone.
South African fast food group Famous Brands scrapped its dividend on Monday for the first time in 13 years, seeking to conserve capital after debt levels rose following seven acquisitions, which include ...