HALISTER: Apollo Global Said to Near Deal to Take ADT Private: WSJ

Apollo Global Said to Near Deal to Take ADT Private: WSJ

(Bloomberg) -- Apollo nears deal to buy ADT; would be valued in double-digit billions including debt, WSJ reporter Dana Cimilluca reports on Twitter.
  • Announcement could be made Tuesday, CNBC reports on Twitter, citing Dow Jones
  • NOTE: ADT mkt cap $4.4b
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
ADT US (ADT Corp/The)
APO US (Apollo Global Management LLC)

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UUID: 7947283

HALISTER1: INSIDE MALAYSIA: Ringgit Falls; 5-Year CDS Tightest in Two Weeks

INSIDE MALAYSIA: Ringgit Falls; 5-Year CDS Tightest in Two Weeks

(Bloomberg) -- Ringgit slips 0.1% to 4.1330 per dollar
  • Five-year credit-protection costs for Malaysia declined by 10 bps to 184 bps yesterday, lowest close for two weeks: CMA
  • Pivot point at 4.1376; FX pair’s support at 4.1077, 4.0856, 4.0336; resistance at 4.1597, 4.1896, 4.2416
  • Pair is challenging 38.2% Fibonacci retracement of trading range since May; see chart here, also above its 200-DMA at 4.0760 since Oct. 2014
  • Ringgit 1-mo. NDF rises 0.3% to 4.1283
  • USD/MYR seen averaging 4.20 in 2016 and 4.03 in 2017, BMI Research writes in note yesterday
    • Political tensions to ease over the coming months, removing some degree of uncertainty
    • Country’s modest current account surplus reflects the competitiveness of the currency, should provide fundamental support over the medium term
  • Malaysia to sell MYR4b 7.5-year bonds today
  • Yield on 3.955% govt bond due Sept. 2025 closed yesterday little changed at 3.917%
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER: Liberty Global, Vodafone to Merge Dutch Operations Via 50-50 JV

Liberty Global, Vodafone to Merge Dutch Operations Via 50-50 JV

(Bloomberg) -- JV to create national unified communications provider in the Netherlands with total cost, capex and revenue synergies reaching an estimated net present value of approximately EU3.5b after integration costs.
  • Total synergies include cost and capex synergies with run- rate savings of EU280m on an annual basis by the 5th full yr post closing, equivalent to NPV of ~EU2.5b after integration costs
  • Based upon enterprise value of each business, and after deducting Ziggo’s EU7.3b of net debt, Vodafone will make a cash payment to Liberty Global of EU1 bln to equalize ownership in JV
  • Transaction expected to close around the end of 2016 and is subject to regulatory approvals and consultations with the Works Councils
Link to Statement
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
LBTYA US (Liberty Global PLC)
VOD LN (Vodafone Group PLC)
LILA US (Liberty Global Plc LiLAC)
DTE GR (Deutsche Telekom AG)

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UUID: 7947283

(2) *LIBERTY GLOBAL,VODAFONE TO MERGE DUTCH OPERATIONS VIA 50-50 JV

*LIBERTY GLOBAL,VODAFONE TO MERGE DUTCH OPERATIONS VIA 50-50 JV

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

Tickers
LBTYA US (Liberty Global PLC)
VOD LN (Vodafone Group PLC)
LILA US (Liberty Global Plc LiLAC)

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UUID: 7947283