HALISTER1: Cameron's Anti-corruption Summit Faces Uphill Struggle

Cameron's Anti-corruption Summit Faces Uphill Struggle

Alert: HALISTER1
Source: APW (Associated Press)

Tickers
13347Z US (International Monetary Fund)

People
David Cameron (United Kingdom of Great Britain and Northern Ireland)
John Kerry (United States Department of State)
Jeffrey Sachs (Trustees of Columbia University in the City of New York/The)
Muhammadu Buhari (Federal Republic of Nigeria)

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283

HALISTER: Monsanto Climbs 6.5% Pre-Market; StreetInsider Speculates on M&A

Monsanto Climbs 6.5% Pre-Market; StreetInsider Speculates on M&A

(Bloomberg) -- Monsanto gains to $96.25 after StreetInsider late yesterday said BASF is working with investment banks to advise on a potential takeover of MON.
  • NOTE: In March, Monsanto was said to seek crop chemicals deals with BASF and Bayer
    • In Feb., Baader Helvea said Monsanto is the next logical target for BASF after losing out on Syngenta
    • April 25, Exane said BASF’s share price doesn’t reflect the possibility of Monsanto returning with a compelling offer for the company
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
MON US (Monsanto Co)
BAS GR (BASF SE)
SYNN VX (Syngenta AG)

To de-activate this alert, click here

UUID: 7947283

HALISTER1: BofAML Favors Ukraine Warrants on Underperformance Vs. Hryvnia

BofAML Favors Ukraine Warrants on Underperformance Vs. Hryvnia

(Bloomberg) -- “The GDP warrants have lagged the recovery in the UAH and Ukraine sovereign bonds,” analysts at Bank of America Merrill Lynch including Arko Sen say in research note.
  • NOTE: Hryvnia advnanced 3.3% in past mo.; Cbank began easing capital controls yday
  • GDP indicators suggest improving trend: BofAML
  • Calculates implied yield of warrants at 12%-15%
  • “We expect that once data start showing a recovery in the dollar level of nominal GDP, warrants will attract more interest”
  • Among Eurobonds, favors bonds maturing in 2019 on recent underperformance of short end of curve
    • NOTE: yld on 2019 bond -2bps to 9.46% at 12:54 p.m. in Kiev; yld on 2027 bond little changed at 8.83%
  • Expects new cabinet “to still have sufficient momentum to meet the requirements of the IMF”
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Arko Sen (Merrill Lynch International)

To de-activate this alert, click here

UUID: 7947283