anisatakyser-blog

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M & A wrap: Time to buy EMI?

Warner Music Group Chairman Edgar Bronfman Jr. has tried to buy rival record label EMI Group for the last six years. Now, his time may have come, reports Yinka Adegoke. Communications equipment maker Comtech, under pressure from an activist investor to evaluate a sale, is attracting potential takeover interest from several government contractors, people familiar with the situation said. “This is the froth-filled rumor that just won’t die. Shares of SABMiller rose 5.5 percent today in London on a report that Anheuser-Busch Inbev is talking about a takeover of the brewer of Miller, Coors and Peroni,” reports the WSJ. “If anyone has a reason to bid for Yahoo, it is Microsoft. That still doesn’t make it a good idea,” reports the WSJ. Who’s up for a private-equity backed deal for HP?

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RLPC-Australia:Affinity gets Primo; buyout loan signed

The loan margin is 400bp over BBSY for the amortising tranche and 425bp for the bullet tranche, one of the sources said. The leverage is four times, as the financing includes a capital expenditure tranche of debt for constructing a new facility.The overall sale price is expected to be at least A$900m. Primo, which is privately owned, has an EBITDA of around A$100m.Macquarie Capital Advisers advised on the sale.

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UPDATE 1-W.House working with Congress on yuan bill issues

"If this legislation were to advance we would expect those concerns to be addressed," said White House Press Secretary Jay Carney, reiterating Washington's view that China needs to address the undervaluation of the yuan.The Democratic-controlled Senate passed a bill on Tuesday to slap tariffs on Chinese goods for keeping the yuan low to subsidize its exports at the cost of U.S. jobs. The bill now faces the Republican-controlled House of Representatives, who oppose the measure and warn that it could start a trade war."We share the goal of the legislation in taking action to ensure that our workers and companies have a level playing field with China, including addressing the undervaluation of their currency," Carney said, adding:"Aspects of the legislation do ... raise concerns about consistency with our international obligations, which is why we are in the process of discussing with Congress those issues."China on Wednesday urged the Obama administration to block the bill, raising the risk of further strains between the world's top two economies.