Monthly Archives: September 2018
On Sept. 23, in a 13D filing with the Securities and Exchange Commission, ESL Investments attached a proposal that it had made to Sears Holding (SHLD) that would reduce SHLD’s total outstanding debt by 78% through a combination of asset … Continue reading
On Monday, September 24, 2018, Barrick Gold Corp. and Randgold Resources Ltd. announced that they had agreed on a share-for-share merger that would create the largest publicly-traded gold company in the world. Under the terms of the merger, each Randgold … Continue reading
AT&T completed its acquisition of Time Warner on June 14, 2018. Under the merger agreement, Time Warner shareholders received $53.75 per share in cash and 1.437 shares of AT&T stock for each TWX share held. In total, Time Warner shareholders … Continue reading
Diamond Offshore is the offshore drilling company that is 53%-owned by Loews Corporation. The company currently owns a fleet of 17 “floaters” (self-propelled drillships and semisubmersible rigs), four of which are currently cold-stacked.
Barrick Gold is the second largest publicly-traded gold producer, with an equity market capitalization of $11.6 billion. Like its rival, Newmont Mining, Barrick is focused on reducing costs and improving operating efficiency to maximize free cash flow generation in this … Continue reading
Based in the Denver, Newmont Mining Corporation (NEM) is the largest publicly-traded gold miner by equity market capitalization. Its geographic segments include North America (the U.S.), South America (Peru and Surinam), Australia and Africa (Ghana). Newmont’s share price rebounded sharply … Continue reading