HALISTER: Digital Realty to Merge With Dupont Fabros in $7.6b Deal

Digital Realty to Merge With Dupont Fabros in $7.6b Deal

(Bloomberg) -- Digital Realty to merge with Dupont Fabros in all stock transaction; Dupont Fabros holders to get fixed ratio of 0.545. Link to Statement:Link

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
DLR US (Digital Realty Trust Inc)
DFT US (DuPont Fabros Technology Inc)

Topics
Key Comm. Real Estate News

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UUID: 7947283

HALISTER1: *DIGITAL REALTY TO BUY DUPONT FABROS IN ALL-STOCK DEAL

*DIGITAL REALTY TO BUY DUPONT FABROS IN ALL-STOCK DEAL

Alert: HALISTER1
Source: BN (Bloomberg News)

Tickers
DLR US (Digital Realty Trust Inc)
DFT US (DuPont Fabros Technology Inc)

People
Andrew Power (Digital Realty Trust Inc)
Arthur Stein (Digital Realty Trust Inc)
Christopher Eldredge (DuPont Fabros Technology Inc)
Jeffrey Foster (DuPont Fabros Technology Inc)
John Christiansen (Sard Verbinnen & Co)

Topics
Key Comm. Real Estate News

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UUID: 7947283

HALISTER1: Nomura Still Sees Favorable Risk-Reward on Being Long Sterling

Nomura Still Sees Favorable Risk-Reward on Being Long Sterling

(Bloomberg) -- Nomura continues to view the risk/reward of being long-GBP as favorable, given that real yields are likely to head higher, strategists write in a note to clients.
  • Given the question marks over whether this leads to a soft Brexit, potential GBP downside from here may be limited
  • On sterling, the market may simply say that we were trading at 1.25 before this election and that is where we belong, but it isn’t so simple
    • A smaller majority could lead to a more open dialog as to the direction and task at hand of Brexit or Theresa May could step down and be replaced by a less “hard-Brexit” figure
  • In either scenario, GBP volatility is the winner, as the direction over coming weeks is still very uncertain
  • It may be that non- residents will look to sell gilts or at least stop buying and there must be some frustration building with the continuing political uncertainty in the country
    • In contrast, it may also be that residents flee to the safety of gilts
    • It is hard to call “a winner" of these two opposing forces
  • Flight-to-safety force wins out in the short run (days), while the non-resident buying and soft-Brexit hope forces win in the longer run (weeks)
To contact the reporter on this story: Stefania Spezzati in London at sspezzati@bloomberg.net To contact the editors responsible for this story: Ven Ram at vram1@bloomberg.net Anil Varma

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: BlueBay May Close Short-Pound Position on Odds of Soft Brexit

BlueBay May Close Short-Pound Position on Odds of Soft Brexit

(Bloomberg) -- BlueBay Asset Management may look to close its short position on sterling, “if it looks like a soft Brexit is more likely” following the U.K. election, fund manager Mark Dowding said in emailed comments. 
  • Still, a totally chaotic Brexit is a real possibility at this stage
  • “Euro-zone policy makers will be struggling to contain their laughter this morning. Strong and stable euro zone versus weak and wobbly U.K.”
  • Dowding expects May to offer resignation as her position “untenable”
  • BlueBay turned short pound before the election and added to short positions in gilts vs bunds ahead of ECB meeting 
    • Said being short gilts is probably an easier trade
  • NOTE: U.K. PM May Likely to Resign, Risking Brexit Talk Delays: Citi
To contact the reporter on this story: Stefania Spezzati in London at sspezzati@bloomberg.net To contact the editors responsible for this story: Ven Ram at vram1@bloomberg.net Anil Varma

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
2539Z GR (European Central Bank)

People
Mark Dowding (BlueBay Asset Management LLP)

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UUID: 7947283

HALISTER1: INDIA RATINGS: Prabhat Telecom Cut; Prince Gold Raised

INDIA RATINGS: Prabhat Telecom Cut; Prince Gold Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
  • To get this story sent to your inbox real-time, run NI INRATINGS, click on Display & Edit, then Set Alert Delivery
DOWNGRADE
  • Prabhat Telecom
    • Cash credit cut to BB+ from BBB- at Brickwork
    • Cites stressed working capital cycle
UPGRADES
  • Kasatex Home
    • Long-term bank facilities raised to BB from BB- at Crisil
    • Cites increase in revenue, accrual
  • Prince Gold
    • LT bank facilities raised to BBB+ from BBB at Crisil
    • Cites healthy revenue growth
  • Rams Assorted Cold
    • LT bank facilities raised to BB from BB- at Crisil
    • Cites improvement in financial risk profile over the medium term
  • Rollwell Conveyor
    • LT bank facilities raised to BB- from B+ at Crisil
    • Cites increase in demand from end-user industries
  • Shri Ram Mall
    • LT bank facilities raised to BBB- from BB+ at Crisil
    • Cites improvement in liquidity due to higher-than- expected fund support from promoters resulting in pre-payment of long term debt obligations.

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
PRTIL IN (Prabhat Telecoms India Ltd)

Topics
Emerging Mkts News, Analysis

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UUID: 7947283