HALISTER: Wireless Fever Cools Before FCC Auction With No Dark Horse Seen

Wireless Fever Cools Before FCC Auction With No Dark Horse Seen

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
T US (AT&T Inc)
DISH US (DISH Network Corp)
S US (Sprint Corp)
TMUS US (T-Mobile US Inc)

People
Jennifer Fritzsche (Wells Fargo Securities LLC)
John Stephens (AT&T Inc)
Stephen Curry (Golden State Warriors)
Timothy Farrar (Telecom Media Finance Assoc)
Walter Piecyk (BTIG LLC)

Topics
BGOV Tech/Telecomm

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

UUID: 7947283

HALISTER: MORE: Starwood Hotels Gets Unsolicited $76/Shr Offer

MORE: Starwood Hotels Gets Unsolicited $76/Shr Offer

(Bloomberg) -- Starwood Hotels says got $76/shr cash non-binding proposal from consortium of cos. on March 10; represents 7.9% premium to close.
  • HOT up 10% pre-mkt
  • As per separate agreements, holders would also get Interval Leisure Group stock from previously announced spin-off of vacation ownership business, Vistana Signature Experiences, subsequent merger with ILG, currently valued at ~$5.50/HOT shr
  • HOT has received waiver from Marriott to engage in discussions, provide information to the consortium; waiver expires 11:59pm March 17
  • HOT board hasn’t changed recommendation supporting MAR merger; will “carefully consider” outcome of discussions; consortium hasn’t finished diligence
  • HOT doesn’t plan to comment further on discussions before expiration of waiver period
  • Lazard, Citigroup Global Markets advising
  • NOTE: Feb. 29, HOT Preps for MAR Merger by Selling Assets: BI 4Q Review
Statement:Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
HOT US (Starwood Hotels & Resorts Worldwide Inc)
MAR US (Marriott International Inc/MD)

To de-activate this alert, click here

UUID: 7947283

HALISTER1: U.S.-German 10Y Spread Has Scope to Widen Into FOMC, TD Says

U.S.-German 10Y Spread Has Scope to Widen Into FOMC, TD Says

(Bloomberg) -- Financial conditions “have been easing over the last several weeks,” and U.S. data has “been reassuring,” suggesting Fed “will try to keep all their options open,” TD strategists led by Priya Misra say in March 11 note.
  • U.S.-German 10Y spread could reach 175bp-185bp, as March seasonals “also argue for higher rates” on U.S. leg
  • Spread reached widest levels (around 190bp) in March 2015 as ECB QE began; wide spread is associated with EUR weakness/USD strength that “can hurt U.S. growth over time” and compress the spread, while “stronger global growth should argue for a tighter spread as well”
  • TD maintains its recommendations to be short front end via put spreads on EDZ6 and in 5s30 flatteners
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Priya Misra (TD Securities USA LLC)

To de-activate this alert, click here

UUID: 7947283

HALISTER1: RATES: Buy Signal in U.S. Rates via TY Options, CS Says

RATES: Buy Signal in U.S. Rates via TY Options, CS Says

(Bloomberg) -- “Put-heavy trading in TY options” during Friday’s selloff pushed Credit Suisse Option Sentiment Indicator to second buy signal this month, strategist William Marshall said in March 11 note.
  • Last OSI buy signal was on March 1, however 10s sold off by 1.8bp over next two days
  • Since 2009, 10Y yields have rallied 62.2% of the time in 2 days after OSI crossed buy signal threshold, richening by 7.4bps on average
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
William Marshall (Credit Suisse Holdings USA Inc)

To de-activate this alert, click here

UUID: 7947283

HALISTER: Starwood Hotels Gets $76-Shr Cash Offer; 7.9% Premium to Close

Starwood Hotels Gets $76-Shr Cash Offer; 7.9% Premium to Close

(Bloomberg) -- Starwood gets non-binding proposal from consortium; holders would additionally get consideration in form of Interval Leisure Group common stock from previously announced spinoff of Vistana Signature and subsequent merger w/ ILG. Statement: NSN O40Z70MEWG74
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
HOT US (Starwood Hotels & Resorts Worldwide Inc)

To de-activate this alert, click here

UUID: 7947283

(2) *STARWOOD HOTELS GETS UNSOLICITED BID FROM GROUP FOR $76.00/SHR

*STARWOOD HOTELS GETS UNSOLICITED BID FROM GROUP FOR $76.00/SHR

Alerts: HALISTER, HALISTER1
Source: BN (Bloomberg News)

Tickers
HOT US (Starwood Hotels & Resorts Worldwide Inc)
MAR US (Marriott International Inc/MD)

To de-activate the "HALISTER" alert, click here
To modify this alert, click here

To de-activate the "HALISTER1" alert, click here
To modify this alert, click here

UUID: 7947283

HALISTER1: Tetangco Says Anti-Laundering Council Continuing to Take Action

Tetangco Says Anti-Laundering Council Continuing to Take Action

(Bloomberg) -- Anti-Money Laundering Council “continuing to take action in accordance with Anti-Money Laundering Law and rules,” Bangko Sentral ng Pilipinas Governor Amando Tetangco says in mobile-phone message.
  • Tetangco is also chairman of council
  • NOTE: Philippines’ SEC Chairman Seeks Stronger Anti- Laundering Powers Link
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
BSNZ PM (Bangko Sentral ng Pilipinas)

People
Amando Tetangco (Bangko Sentral ng Pilipinas)

To de-activate this alert, click here

UUID: 7947283

HALISTER1: Extell’s Gary Barnett Denies Link to Money-Laundering Probe

Extell’s Gary Barnett Denies Link to Money-Laundering Probe

(Bloomberg) -- Extell Development, its subsidiaries and chief executive have no connection to reported investigation of Malaysia state investment company 1MDB, co. says in filing to Tel Aviv bourse signed by Barnett.
  • “The investigation reported in the press concerning 1MDB and the Malaysian govt has no connection to the co., the cos. held by or connected to it, or to its controlling shareholder”: bourse filing
  • NOTE: Extell is developer of One57 condominium tower in Manhattan
  • NOTE: One57 linked to money-laundering probe, New York Post reports
  • NOTE: Ex-Goldman Banker to 1MDB Fund Said Subpoenaed in U.S. Probe
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
1011839Z US (Extell Development Co)
0206021D MK (1Malaysia Development Bhd)

People
Gary Barnett (Extell Development Co)

To de-activate this alert, click here

UUID: 7947283