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(Bloomberg Opinion) -- Veolia Environnement SA has wisely bettered its first lowball offer for 29.9% of rival water-and-waste firm Suez SA with a seriously sweetened bid that Engie SA — the state-backed utility that owns the stake — will find very hard to refuse. The bigger question is whether it’s enough to get French politics out of the way.The new offer of 18 euros per share represents a 16% increase and values the Suez stake at 3.4 billion euros ($4 billion). Veolia boss Antoine Frerot’s aim isn’t just to stuff Engie shareholders’ mouths with gold, but to remove as much political risk as possible. The company has committed to maintain full employment of Suez workers in France if it manages to swallow the entire company. Plus it’s pledged any takeover would be on a friendly basis after six months of negotiations to reach an agreement. The new price is undeniably attractive. It represents a multiple of 90 times Suez’s projected adjusted earnings this year and 28 times...
Long term investing works well, but it doesn't always work for each individual stock. It hits us in the gut when we......
A look at the shareholders of New York Community Bancorp, Inc. (NYSE:NYCB) can tell us which group is most powerful......
Agreement Provides for 100 GreenPower Vehicles to Be Purchased by ABC Over Next 36 Months; Partnership to Capitalize on Lucrative Funding for Zero-Emission Vehicles in NY State; Deliveries to Start in 2020LOS ANGELES, Sept. 30, 2020 /CNW/ -- GreenPower Motor Company Inc....
Governments across the world are fighting the COVID-19 threat and spending billions of dollars in addressing the pandemic. Despite the COVID crisis, the defense spending by most of the countries might not change drastically given the growing geopolitical tensions.According to Stockholm International Peace Research Institute or SIPRI, the global military expenditure rose 3.6% to $1.92 trillion in 2019 with the US topping the list with military spending of $732 billion (way more than China's $261 billion expenditure- the second-largest military spender). A defense bill of $740.5 billion is being planned for 2021 in the US compared to $738 billion in 2020.With this in mind, we will use the TipRanks' Stock Comparison tool to compare two leading defense companies Lockheed Martin and Raytheon Technologies to see which stock offers a more compelling investment opportunity.Lockheed Martin (LMT)Lockheed Martin is the world’s largest pure-play defense company. Its main customer is the US government, which...
US private employers added back a greater than expected 749,000 payrolls in September, according to ADP’s closely watched monthly private jobs report....
Does the September share price for eXp World Holdings, Inc. (NASDAQ:EXPI) reflect what it's really worth? Today, we......
