$200bn acquisition frenzy | stockbee

5/04/2007

$200bn acquisition frenzy

Corporate boardroom tables were groaning under the weight of about $200 billion (£100.3 billion) of bids — a figure roughly equivalent to the South African economy — last night in the single biggest day for mergers and acquisitions across the globe.

Three media bids — in the UK and the US — accounted for at least $80 billion worth of the takeover activity with Microsoft, the world’s biggest software company, seeking a potential $55 billion deal with Yahoo!, the search engine; Thomson Financial offering about $16 billion for Reuters, the news agency; and private equity tabling three separate $6 billion offers for EMI, the troubled music group that is home to Robbie Williams and Coldplay.


So lets watch and see how many more deals will be announced on Monday. Last time there were so many mega deals and merger, in few months the market was down.

6 comments:

naufaltoronto said...

2ND MAY I BOUGHT ANPI AT 6.8O AT THAT TIME THE OBV SHOWED STRONG (UPWARD) BUT SUDDENLY AFTER BUYING PRICE WENT DOWN. FINALLY I HAD TO SELL IT AT 6.53 AS I DO DAY TRADING. CAN YOU ADVICE ME AS TO WHAT WENT WRONG?

Niranjanam said...

Hello Pradeep

Earlier color combination was good for your blog.Now it is very difficult to read.

Rajesh

walter said...

just read somewhere that IGLD is new entry in IBD 100 - i dont have subscription and no time to get to library

walter said...

not sure where BTJ stands earnings wise, but i like the price and volume action...

Pradeep Bonde said...

Walter
Because IBD uses 15 dollar price cut off, it is easy to game which stock will make it to IBD 100. They are subset of IBD 200 in most cases. I know of one trader who just plays gaming of IBD 100 by buying stocks in anticipation of they getting in to IBD 100 and selling it on the pop that happens when large followers of IBD 100 jump in.

BTJ has very good earnings. It made that 22 dollar to 43 dollar move post last earnings. It had triple digit earnings last quarter.

Pradeep Bonde said...

Naufaltoronto
I don't think OBV is reliable on intra day time frames.