Posts Tagged ‘corporation’

« Older Entries
Newer Entries »

Asia market falls into the red

Monday, July 25th, 2011

Earlier this week in the red for the Asian markets. While the euro area has managed to agree on a bailout of Greece, the markets are now focusing on the United States where members of Congress have tried again Sunday to reach an agreement on raising the ceiling debt, but without success. As discussions get bogged down, operators are looming deterioration of the U.S. debt. A nightmare scenario envisioned by the markets to nine days of the deadline mentioned by the Treasury before a default.

At the Tokyo Stock Exchange, the Nikkei, which started on a decline of 0.51%, has cut its losses during the meeting. An hour of closing, he gave up 0.79% at 10,052 points. The market was particularly weighed down by further appreciation of the yen against the greenback. In morning trading, the dollar is worth 78.35 yen against 78.47 Friday.Export values ​​suffer, just like Sony (-2.05%), Honda Motor (-0.93%) and Toyota (-1.05%).

The concerns are the same in the rest of the region. The Stock Exchange of Hong Kong and Shanghai respectively lost 0.79% and 2.10%. In Hong Kong, the banking sector is battered. HSBC 0.77% loose. In Korea, the Kospi was down 0.81% while in Australia, the S & P gives up 1.48%. Only the Indian Sensex manages to remain in the green, up 0.13%.

Oil down

Oil prices were also down on their Monday in electronic trading in Asia, the market worried about the lack of agreement in the United States on raising the debt ceiling.

In morning trading, a barrel of "light sweet crude" for August delivery lost 1.08 dollars to 98.79 dollars. That of Brent North Sea crude for September delivery lost 60 cents to 118.07 dollars.

Tags: , , , ,
Posted in economic, economy, international, publications, technology | Comments Off

IMF: Lagarde wants to continue the reforms initiated by DSK

Friday, June 24th, 2011

The oral examination lasted three hours. Christine Lagarde, the French candidate for the leadership of the International Monetary Fund (IMF) met during this period with members of the board of the organization. When he left the organization's headquarters in Washington, she said, in a brief statement to the press, its wish to be selected to continue the reforms initiated by Dominique Strauss-Kahn.

"I think we should make the Fund more responsive, more efficient and certainly more legitimate. And that really requires a lot of potential improvements, but also the continuation of reforms that were undertaken by my predecessor, "she said in English. "I believe that the Fund is a remarkable institution with an exceptional staff, and must always strive to be more responsive, more engaged, more legitimate with all of its 187 members.In any case, it would be my ambition, "she said, in French this time. "It's now up to member states to decide."

The French Minister of Economy is opposed to a Mexican candidate, the governor of the central bank Agustin Carstens, to succeed the French Dominique Strauss-Kahn, who resigned May 18 It provides, inter alia, support non-official Washington. The U.S. treasury secretary, Timothy Geithner, "believes that the experience and solid leadership skills of the Minister Lagarde make her an exceptionally gifted candidate for the general direction of the IMF."

The next step is a formal meeting of the board Tuesday to consider the two applications. The Board of Directors of the IMF must choose between her and Agustin Carstens by June 30.

ALSO READ:

»COMPUTER GRAPHICS – The CV of Christine Lagarde meet IMF demands

Tags: , , , ,
Posted in economics, finance, money, resources, technology | Comments Off

The CAC 40 expected a slight increase

Monday, June 13th, 2011

Slight increase expected on Monday in the Paris Bourse, in the wake of the Asian stock markets, including that of Tokyo, weighed down by disappointing statistics, and uncertainties about the evolution of the global economy. On Friday, the benchmark index in Paris ended its session already clearly in the red (-1.90%) and signed a sixth consecutive week of decline, erasing its gains since the beginning of the year. At 8:15 AM, futures contracts on the CAC 40 advanced 0.17%, to 3803 points.

Clearly, the objective of the meeting will be to keep the bar of 3800 points, narrowly saved this weekend dernière.Aucun major macroeconomic indicator is expected for Monday of Pentecost, which is also expected to take place in low volumes. In this day of solidarity in which the majority of employees stay home, exchanges should in fact been limited.Especially as the business side, no publication is awaited. Again, macroeconomic considerations should therefore guide the market for the first weekly session, including uncertainties about the Greek situation.

Side currency, the euro remained under 1.44 dollars on Monday morning after he experienced back Friday when he was the most sold since the beginning of the month because of disagreements between the various parties the solution to support the Grèce.Vers 8:00 in Paris, the European single currency was worth 1.4343 dollars against 1.4348 dollars on Friday night after coming close last Monday the threshold of $ 1.47 for the first time in a month .

Same side of the volatility of oil prices in a market torn between the prospects of increased production by Saudi Arabia and the maintenance of quotas decided by OPEC.In morning trading, a barrel of light sweet crude for July delivery lost 9 cents 99.20 dollars. That of Brent North Sea crude for delivery gained 13 cents to equal 118.91 dollars.

As for values ​​to follow

Altran

Yves de Chaisemartin lost Friday the group's management, the Board of Directors of the technology consulting company has designated Philip Hall to replace him.

Air France – KLM

The airline's traffic in the Paris airports Roissy and Orly airports may be disrupted on Monday due to a strike notice filed by a union of mechanics on the ground, have we learned from the company.

LVMH

Sephora, the cosmetics distribution subsidiary of luxury group, said to have strengthened his hand in the round of Corsica in Russia, becoming the majority shareholder in nearly three years after joining the company's capital .

EDF

NPP Bugey in Ain, had to reduce its production by 10-15% in late May and early June due to increased water temperatures of the Rhone, an effect of the heat wave spring.

Eutelsat

San Marino RTV has selected two Eutelsat satellites to broadcast its programs through Italy and Europe as of June 13

EADS

Airbus chief says EADS, parent company of Airbus, would be protected against hostile takeover bids but, to this end, it was not essential that Germany be a shareholder in the group.

Carrefour

The management of the distribution group said Sunday, a day after a protest movement, have made a major effort for employees of Carrefour Market stores in terms of purchasing power.

Tags: , , , ,
Posted in economy, opinions, special, top news, world | Comments Off

The cost of tax loopholes skids

Saturday, May 28th, 2011

If the 500 tax loopholes are losing 72 billion euros of revenue to the state, because they are widely used by households and businesses. In point of sometimes being victims of their success. Result, year-end, cost is higher than had been budgeted at the previous fall in initial budget act. This is shown by the "annual performance reports" of 2010, documents published by Bercy Wednesday.

Thus, the reduced VAT in the restoration has cost 3.13 billion euros to the state in 2010, instead of the 3 billion expected. If this divergence is not huge, it will add grist to the mill of the many critics of the measure. Other niche challenged the cost soared: the premium for Employment (PEP). The state has spent $ 3.56 million last year for this tax credit for workers modest, instead of the 3.2 billion expected.And this while another aid mechanism, the RSA "activity", is duplicate with the EPP.

The exemption from income tax for overtime, a measure supported by the majority but criticized by the Socialists, has it, cost 1.36 billion in 2010. It is 160 million more than expected. Explanation: Recovery has promoted the use of overtime.

Similarly, the slippage of the cost of research tax credit – 4.5 billion instead of 4 billion – may be seen as a sign of renewed vigor of research in industry or, conversely, as the developer of the excessive generosity of the tax reduction. The Consolidated Global Profit Tax System, awarded to only five groups (including Total and Vivendi), cost 461 million instead of the 302 million budgeted.What revive, again, the debate on this benefit …

Abyss of self bonus

The documents allow Bercy be noted some improvements. Thus, the recalibration of tax credit on income for the equipment green house has borne fruit. For the first time, the cost of this niche has been in line with what had been budgeted (2.6 billion). Other important niche remained in the nails: Tax Credit for employment of staff at home (1.75 billion). As for the niche most expensive – reduced VAT for the work of housing – it cost a little less than expected (5.05 billion instead of 5.15 billion).

Remains a fundamental problem: Many tax benefits are not considered as niches by the Budget Ministry.

By adopting a more comprehensive, Philippe Marini, the rapporteur UMP budget in the Senate, amounts to 220 billion cost of tax loopholes, instead of 72 billion Bercy. Example: The bonus-malus automobile is not considered a niche. However, its cost has gone wrong in 2010, reaching 521 million instead of 126 million budgeted!

ALSO READ:

"The income tax burden less heavy

Tags: , , , ,
Posted in economy, finance, international, life, news | Comments Off

Reduce immigration, a red herring for economists

Friday, May 27th, 2011

In recent weeks the government has repeatedly expressed its willingness to reduce migration flows. In April, the Interior Minister, Claude Gueant, promised "to bring down the volume of legal immigration." This week, the immigration of work he begins work. "Contrary to legend, France did not need the skills of immigrant, said the minister. It has the resources necessary "to fill its vacancies and" did not need bricklayers nor servers restaurants. "It is common sense," outbid Tuesday Budget Minister Baroin. A sense that still leaves many economists skeptical.

"On paper, it may be tempting to put face to face and unemployed immigrants," said Patrick Simon, a demographer at INED.If the French labor market was free of immigrants, it would make it not even more vacancies for indigenous peoples whose unemployment rate is one of the main concerns? "They forget that these two categories of people are not interchangeable," said Patrick Simon. Clearly, natives and immigrants do not occupy the same types of jobs, and make little competition. "They would rather complementary. And in this regard, there is a relative consensus, says Xavier Chojnicki, economist at CEPII and University of Lille 2. Most studies find indeed a very small impact of immigration on unemployment. "

"In France and Europe, the labor market is very segmented," he says. Immigrants often occupy low-skilled jobs, low wages, difficult working conditions.Areas of restoration, construction and personal services for example, still struggling to fill jobs that natives consider insufficiently attractive. According to the latest survey on the needs of labor performed by employment center, 61% of the offers of aid to home and pose difficulties for recruitment. "If the stream of immigration had to be reduced, this would create further difficulties in recruitment of these areas," said Xavier Chojnicki. With a probable consequence of a sharp rise in the black.

20,000 people per year

"In addition, try to reduce labor migration is surprising because it includes more migrants selected," Patrick says Simon.These 20,000 people a year who come to work in France at the request of business owners do in fact represent a small fraction of the 200,000 immigrants who settle there each year, including family reunification or humanitarian grounds. "Employers expect an easing of the rules because they need the foreign labor," he says.

Since 2006 and until recently, Nicolas Sarkozy also advocated for a "selective immigration", encouraging the arrival of candidates selected according to their professional profile. "Since then, labor migration has increased from 10,000 to 20,000 per year," said Patrick Simon. A marginal number compared to 500,000 job vacancies currently unfilled in France. "In total, this is not much either compared to the total migratory flow," J. demographer.Because France, like most European countries, is struggling to bring immigrants into its territory the most attractive. As such, Canada, Australia or the United States doing well ahead of the game their best

ALSO READ:

"The needs of the French economy in terms of legal immigration

"In Germany, immigration to the rescue of Demography

Tags: , , , ,
Posted in economy, finance, opinions, people, technology | Comments Off

In Spain, the "lost generation" remains committed

Sunday, May 22nd, 2011

The economic austerity, mass unemployment and the impending local elections have, since last Sunday, the emergence of a broad popular movement among the youth of Spain this week. Los indignados ", ie Indignant, as they call themselves, occupied since last Sunday instead Madrid Puerta del Sol.

Now "illegal", the electoral truce in effect banned the demonstrations, but determined to hear their ras-le-bol of the crisis and unemployment, hundreds of youths were mobilized Saturday in the camp alternative to the Puerta del Sol in Madrid .Shouting "we are now illegal," an immense crowd welcomed Friday at midnight on the start of the truce, after, at the stroke of the clock, symbolically launched a "silent scream" of scotch tape on the mouth, arms raised to heaven.

"Apolitical" and "citizen"

Saturday morning, a thousand protesters still occupying the "village" of tents and plastic sheeting instead of blue madrilène.L agency Efe, based on counting a specialist company, puts the figure of 19,000 protesters Friday night to the Puerta del Sol and surrounding streets, crowded. Other media put the number at 25,000 to 60,000 in Madrid and throughout Spain. The movement has indeed spread throughout Spain under the slogan "Toma la plaza" (Takes place). It is present in 57 cities.The youth movement, building on its growing popularity, plays on the ambiguity of the law and the embarrassment of the government, repeating that he is "apolitical," "citizen" and that the days of Saturday and Sunday will be devoted to the pursuit of "reflection" collective. "We act in full respect of the truce election meetings will be held but no action will be decided," Lopez said Saturday, a spokesman.

"We do not want to overthrow the politicians, just to restore the level of concern of the street, told El Pais Gandara, a spokesman of the movement. "We are not anarchists, nor opponents of the system. We are just normal people "who want a form of participatory democracy.

This spontaneous mobilization, also called the May 15 Movement, was organized as the Arab revolt, via online social networks Twitter and Facebook and on the principle of "right to be indignant." Wednesday, El Pais had counted 10,000 participants in Madrid. The watchwords: the stranglehold of the major parties on Spanish politics, social injustice and the "corrupt politicians". In the background, an unemployment rate of 21.19%, the highest in the euro area, which affects almost half the age of 25.

Police Discrete

"I have great respect for those who demonstrate, they do so peacefully, and I understand that this is due to the economic crisis, in their desire to find a job," said on Friday the first Outgoing Minister Zapatero socialist on the radio Cadena Ser.

The police presence, despite a ban on protests, remained quiet throughout the evening, limited to a few police cars parked around the square. The government, embarrassed by this spontaneous movement occurred a week of regional and local elections on Sunday ahead disastrous for the Socialists, had said on Friday to show "understanding."The Interior Minister Alfredo Perez Rubalcaba, had suggested that police action could be avoided provided that no overflow takes place.

ALSO READ:

"BLOG – Spain: youth in revolt against crisis

Tags: , , , ,
Posted in economics, finance, news, top news, world | Comments Off

Ducati motorcycles in renaissance

Saturday, May 14th, 2011

Ducati is back. Buffeted by the crisis in 2009, the Italian manufacturer of sport bikes up to the outposts. After a record 5,600 units sold in April – the best month ever for Ducati – this niche brand plans to increase its deliveries of 2,011 to 43,000 bikes against 36,000 last year.

To maintain momentum, the group, which owns 8.7% of the global market sportbikes, has implemented such a plan based on continued international expansion. Foreign markets already account for 75% of production, the United States, second country after Italy, already account for 18%.Soon, an assembly plant to Asia will be inaugurated in Thailand and is considered an industrial plant in Brazil to supply South America.

Returned to Italy in 2005 after its takeover by the Alpine fund Investindustrial with the American TPG, small business Bologna (397 million turnover, 1050 people) claims the DNA of sports brands neighboring Emilia-Romagna Ferrari, Maserati and Lamborghini. A commercial asset, like the recruitment of Italian Grand Prix driver, Valentino Rossi, 9 times world champion.

The cost of competition, secrecy, is embedded in 40 million euros in investments, or about 9% of sales.This is not philanthropy: the good results increase awareness, can increase prices and boost profitability, the obsession with the brand free credit report and score.

A case study

"With an operating margin of 18% in 2010, we are the most profitable manufacturer in Europe," says CEO Gabriele Del Torchio. This margin was only 8.9% in 2006. This improvement obtained after an initial strategic plan (2006-2010) has not gone unnoticed. Since January 1, where Ducati is taught at the London Business School. The search for competitive suppliers in Asia, the increased efficiency of the workforce, halving the cost of warranty (5 million), the removal of some models have improved the financial situation.

To return to the forefront, Ducati has used the same recipe as Harley Davidson, whose record of profitability has exceeded 20%.As the U.S. firm, the Italian brand has focused on the evolution of a single type of engine and high margins. An example? The newest, the Diavel, designed by Harley customers attracted to cost more than EUR 20 000.

The prestige also boosts the price of accessories (25 million turnover in 2010) and derivatives such as clothing (18 million). Licensing agreements were signed, notably with the American Porter Tumi (5 million).

Tags: , , , ,
Posted in business, economic, economics, life, top news | Comments Off

The CAC 40 in balance before ECB decision

Thursday, April 7th, 2011

While the indexes rose slightly, the Paris Bourse started the meeting at equilibrium (0.01%) to 4048.70 points. Investors refrain from taking a position on the market, before the decision of the European Central Bank, although the likely rate hike is widely anticipated and call for help from Portugal last night reassured that U.S. investors .

Thus, what appeared to be evidence was admitted yesterday by the Portuguese government. In a televised address, Prime Minister Jose Socrates has "decided today to send a request for financial assistance to the European Commission." The country needs 4 billion now and $ 5 billion by June. The situation is complicated by the legal vacuum following the resignation of Prime Minister. The negotiations revolve around and emergency assistance.The EU, however, conditioned its support for an overhaul of public finances in Portugal. Discussions will continue on Friday and Saturday. European finance ministers gather for a meeting should focus on saving the country.

Other key information on European markets: higher rates in Europe, a first for nearly three years, to be announced this afternoon. Eager to curb inflation, the European Central Bank should raise rates a quarter point. Its president, Jean-Claude Trichet, says that this measure will not be the first in a series of rate hikes, but investors do not believe a single intervention without consequences. The Bank of England also held its monetary policy meeting, but the status quo is expected.

Commodities hit record highs

In statistical terms, we will know at 8:45 figures of Foreign Trade (Customs) in France, the spring report on the German economy to 12 and claim weekly unemployment benefits in the United States. Moreover, the Fnaim unveil its quarterly figures on the housing market. Breathlessness is due.

As for raw materials, oil remains at record highs. The price of a barrel of oil surpassed $ 109 for the first time since September 2008 on Wednesday in New York, still supported by the fighting in Libya, plus a weakening of the dollar easy payday loans. As for gold, it touched a new historic high at 1459.07 dollars an ounce.The euro reached a peak of over $ 1.43 from the November 2010 1.4283 dollar and falling at its highest since late January 2010.

Oil stocks followed very

In terms of companies, oil securities (Total, Technip, Vallourec in particular) will be well attended, while gold prices breaking record after record black. The bank will be under the spotlight because of the financial news hosted.

The title EDF also mobilize the attention of investors. A parliamentary report provisional indeed indicates that the electrical lights does not give its subsidiary ERDF resources needed to improve the quality of electrical networks.The mean time to failure of electricity in France has almost doubled in eight years, from 43 minutes in 2002 to 84 minutes in 2010.

Eurocopter, another subsidiary of EADS, should it receive government assistance of 550 million euros, said La Tribune. Moreover, as the branch president of Airbus China, a subsidiary of EADS, Chinese airlines will wait a bit before being seduced by the A380, because they are traditionally reluctant to buy a model early in its development program.

Rhodia Alliance, the association of employee shareholders of the French chemicals group, announced Wednesday that it recommended a friendly takeover offer of 3.4 billion made by the Belgian group Solvay

Five employees of the German subsidiary of Areva are under investigation for corruption, led by the prosecution at Nuremberg.They reportedly paid bribes wines from several tens of millions of euros between 2002 and 2005 to win contracts. Areva NP, a subsidiary of Areva and Siemens, would not be questioned.

ALSO READ:

"Rhodia recommends the bid of Solvay

"Portugal recognizes the need for European aid

Tags: , , , ,
Posted in features, online, people, publications, resources | Comments Off

The Paris Bourse is close to 4000 points

Thursday, March 24th, 2011

The CAC 40 beautiful colors found on Thursday. The benchmark index in Paris, who managed yesterday to back up the 3900 points at the last minute, made a new leap forward, encouraged by macroeconomic indicators of good quality. At closing, the index was up 1.41% at 3968.84 points. Same atmosphere in London and Frankfurt stock exchanges which are also in the green: the Footsie advance of 1.47% to 5880.87 points and the DAX climbed 1.90% to 6933.58 points.

But volatility remains high, as was the case in Asian markets this morning. International news is indeed very busy and should focus attention again, slowing any risk taking.

Evidence are the highs established Thursday by the gold and silver.The gold spot <XAU=> hit a historic high of 1,447.40 dollars an ounce on Thursday signed its seventh consecutive day of gains, the series progress the longest since the worsening debt crisis in the euro area in May. The money in turn reached a high of 31 years, to 38.13 dollars.

Japan, Libya and Portugal under surveillance

In Japan, first of all, the problems persist on the plant in Fukushima. Site personnel, evacuated the day after an offshoot of black smoke, resumed on Thursday watering operations on the reactor 3 where electricity was partially restored in the control room of reactor 1. Investors are also following closely the level of radioactivity in the capital, Tokyo.

In Libya, the tension escalates as the forces pro-Gaddafi not give up despite the bombing of their tanks by the international coalition.The tanks of the Guide are the entrances to the city Ajdabiah while the coalition struck a military base east of Tripoli. The main hospital Misrata third largest city, was the target of raids on Wednesday night.

Finally, in Europe, the sovereign debt crisis resurfaced with Portugal, while a European summit held today in Brussels. The Socialist Prime Minister Jose Socrates has presented his resignation Wednesday night the President of the Republic after the dismissal of his austerity program by Parliament. The political crisis should accelerate the use of international financial rescue.

U.S. unemployment program

In this highly charged, a series of statistics, however, should occupy the market.In France, the business climate improved again in March, in manufacturing as in other sectors, shows the monthly business survey published Thursday by the INSEE. The synthetic indicator of business climate in the manufacturing sector rose three points to 109, its highest level since late 2007. The employment figures for February will be also published after market (18 hours).

The growth of private activity in the euro zone slowed in March as the PMI index published on Thursday, but economists believe that the level of the indicator remains encouraging. The composite index of purchasing managers, which summarizes the activity in the manufacturing and services, to 57.5 points in March, the company announced that Markit publishes the index, in a first estimate.The index settled at 57 points in January and 58.2 in February, its highest level since July 2006.

For their part, the United States will lift the veil on durable goods orders in February and weekly jobless claims at 13:30.

On the currency market, on the foreign exchange market, the euro stabilizes stable against the greenback at 1.4128 dollars against 1.4083 dollars on the previous evening. For their part, oil markets back slowly because of rising U.S. crude stocks published yesterday. In morning trading, a barrel of light sweet crude for May delivery yielded 31 cents to 105.44 dollars. That of Brent North Sea crude for May delivery declined 27 cents to 115.28 dollars.

Ingenico flies

At mid session every CAC 40 stocks are benefiting from the upturn.

Accor: 3.75% at 31, 92 euros

The title is head increases the CAC 40.The hospitality industry, recently penalized by the geopolitical risks and catastrophe Japanese is resumed. Accor has lost 13.34% over the last 30 days.

Renault: 1.61% to 38.41 euros

The manufacturer firm duCAC walking 40 with a modest gain after a recommendation from Berenberg keep passing with a target price of 47 euros. the title of the builder is also pulled down by that of its subsidiary to 44% Nissan dropped 4.55% in Tokyo. For Peugeot (1.40% to 27.1 euros), the bank also requires to be kept with a target to 34 euros.

EDF: + 0.63% to 28.95 euros

The electrician has submitted to government a document in which he suggests a rise of 4.7% of electricity rates for individuals on average each year from 2011 to 2015, according to the text that Reuters was able to consult.The Energy Minister, Eric Besson said that electricity prices would increase slightly this summer and no significant increase was under consideration.

Natixis: + 0.85% to 4.14 euros

The bank announced Thursday the purchase of 800 million euros of subordinated notes underwritten by BPCE, as announced on February 23.

Bolloré: -0.56% to 160.10 euros

Italian Pininfarina has exercised a put option to sell its stake in its 50/50 joint venture with Bolloré. The sales price stood at 10 million euros, according to the book value and what was agreed in September.

France Telecom: + 0.71% to 15.68 euros, Vivendi: + 1.13% to 19.69 euros

The French telecoms regulator has announced a new lower cost of call termination.From the perspective of telecom operators, including market leaders in Orange and SFR, the reductions in call termination weigh on sales growth.

Ingenico: + 7.87% to 28.72 euros

The group was selected to participate in a proposed deployment of contactless payment in the United States, funded by Google, according to Les Echos.

Gameloft – 3.21% to 4.52 euros

The title suffered profit taking after publication of its 2010 earnings. The company has benefited from the rise of touch pads and believes that its video games continue to be worn in 2011 by new technologies and the explosion of smartphones. It relies on a new sales growth and improved profitability and cash flow in 2011.

Ubisoft: -0.61% to 7.33 euros

Nintendo 3DS arrived in France on Friday.The game publisher will offer four of the fifteen titles available at launch for the handheld. The group is betting on success.

Tags: , , , ,
Posted in Uncategorized, economic, finance, publications, resources | Comments Off

Axel Springer may withdraw SeLoger.com Exchange

Wednesday, March 23rd, 2011

The German publisher Axel Springer has gained control over 95% of the company of small ads on the Internet Seloger.com from the extension of its tender offer (OPA) announced the Authority Financial Markets (AMF), confirming a report from Reuters. "It (score) Stalinist," said one of those people.

The success of this operation means that SeLoger.com may soon bid farewell to the Exchange. Indeed, the French stock exchange law authorizes the issuer of a tender offer to delist its target if he can control at least 95% of its capital at the end of its range. The results of the extension of the tender offer to 38.05 euros per share is expected to be formally announced Wednesday by the Financial Markets Authority (AMF).

A company owning more than 95% of another listed company for the possibility to via IPO Squeeze (OPRO), to redeem all shares on the market. Investors then have the obligation to tender their shares to the offer as opposed to a takeover bid. This procedure is also called "squeeze out". Specifically, the delisting occurs most often in the form of a Public Buyout Offer (OPR) followed by a takeover of Squeeze (OPRO, which will compensate the shareholders of the company fast payday loan no faxing.

The delisting is not excluded

Axel Springer has not formally ruled out making a "squeeze-out on SeLoger.com, but also said he has nothing against the act of keeping one of its acquisitions listed, as is still the case for Aufeminin, another French star net bought by the German publisher.Out a group of stock and raise its stake to 100% allows the shareholder to make a tax consolidation and reassembling easier dividends to the parent.

For its part, SeLoger.com announced Monday that he expected a double digit growth of its key financial indicators in 2011 thanks to record levels of hearing and that he intended to double its dividend . After a fierce battle market, Axel Springer was able to convince management and major shareholders of SeLoger.com. After his first offer, the publisher of the German tabloid Bild controlled nearly 75% stake in the company.

(With agencies)

ALSO READ:

"SeLoger.com passes under the German flag

Axel Springer may bid on his Seloger.com

Tags: , , , ,
Posted in business, economic, events, online, resources | Comments Off

« Older Entries
Newer Entries »