I Want My MTV…
European cable operator, Altice NV, has agreed to acquire Cablevision Systems Corp (CVC) in a $17.7 billion deal, creating the fourth-largest cable provider in the United States. Shareholders of Cablevision will receive $34.90 a share in cash, or 22 percent more than yesterday’s close. As part of the deal Altice will also acquire Cablevision’s money-losing New York-area newspaper Newsday and TV station News 12. Cablevision was up 16 percent in early trading and Altice was up 3.4 percent in trading in Amsterdam.
In a bold move Anheuser-Busch InBev announced Wednesday it had approached its beer rival SABMiller about a potential takeover. If successful, the two merged companies would put some of the world’s most popular beers under one roof. Buying SABMiller, owner of Miller beer, would give Anheuser-Busch InBev more exposure to faster growing emerging markets like Latin America. There are still a couple hurdles to go for the merger to make it. First, the two companies have to actually sit down and talk, which they haven’t technically done yet. Second, once the two companies have an agreement in place, the merger will still subject to government approval.
Asia: Asian equities closed mixed on Thursday as the world waits for the Fed’s decision.
Europe: Europe equities closed higher on Wednesday as takeover talks and rising oil prices made investors happy, happy, happy.
U.S: U.S stocks closed higher on Wednesday as investor eyed a jump in oil prices while wondering what the Federal Reserve will do. DJIA: +140.10 16,739.95 NASDAQ: +28.72 4,889.24 S&P: +17.22 1995.31
Word of The Day:
A line that plots interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity dates. Most frequently used to compare the three month, two-year, five-year, and thirty-year U.S Treasury debt. The yield curve is used as a benchmark for other debt markets like mortgage rates or bank lending rates.
Dinner or Drink:
.75 oz. Fresh lemon juice
.75 oz. Simple syrup (one part water, one part sugar)
1.5 oz. Bourbon
Garnish: 1 Cherry and/or lemon wedge (optional) Glass: Rocks
Add all the ingredients to a shaker and fill with ice.
Shake, and strain into a rocks glass filled with fresh ice.
Garnish with a cherry and/or lemon wedge if desired.