• 5:54 PM

    During intraday hours on Tuesday; Charter Communications Inc (NASDAQ:CHTR) has declared plans to acquire Time Warner Cable (TWC) for $195 per share, a 14% premium to Friday’s close. Including debt, we forecast the transaction values Time Warner Cable at $78.7 billion, or 9.2 times next twelve months Enterprise value/EBITDA before synergies and 8.4 times after

    Read more
  • 6:33 PM

    Empresas Copec SA posted nearly in-line first quarter results on Tuesday during market hours. Q1 2015 EBITDA of $519 million remain higher than our original forecast (before Arauco results last week) of $498 million but lower than consensus estimates of $525 million. This compares with EBITDA of $439 million last quarter and $564 million in

    Read more
  • 6:29 PM

    We bring you highlights from our marketing visit in western Canada with (TSE:HLF)’s Keith Decker (President & CEO) and Paul Jewer (EVP & CFO). Company anticipates input costs to decrease during 2015. Our input cost index, which has already declined 3.5% since its peak in March 2015, is expected to further decrease due, in part,

    Read more
  • 5:41 PM

    Eldorado Gold Corp(TSE:ELD), after market closed on Tuesday, released the Certej feasibility study. It is envisioned as an open pit operation processing 8,000 tpd (pressure oxidation). Power is located (from the national grid) 14km away, water is available 10km away from the Mures River, and a limestone quarry is 13km away. The Study was led

    Read more
  • 5:38 PM

    Trinidad Drilling (TSE:TDG) disclosed plan to buy CanElson Drilling (TSE:CDI) for $505 million on Friday before trading hours. CDI shareholders can receive 1.0631 TDG shares or $4.90 in cash subject to a maximum $50 million cash payment. This suggests about an 18% premium to CDI’s closing share price of $4.27 at the close on June

    Read more
  • 5:23 PM

    During trading hours, Cogeco Cable Inc.(TSE:CCA) disclosed that its wholly owned subsidiary Atlantic Broadband (ABB) has entered into a definitive agreement to acquire the assets of MetroCast Connecticut for $200 million. The tax adjusted purchase price, which reflects the tax benefit of amortizing intangible assets in an asset purchase, represents a multiple of approximately 7.9x

    Read more
  • 5:34 PM

    Prior market opened on Wednesday, Legacy Oil + Gas Inc (TSE:LEG) disclosed a proposed acquisition by CPG. We are restricted on Crescent Point Energy Corp. As per share deal, the $1.53 billion proposed transaction contemplates 0.095 CPG shares for each LEG share outstanding and shows a value of $2.85 per LEG share. Under the terms

    Read more
  • 5:28 PM

    Alvopetro Energy Ltd (CVE:ALV) ‘s first quarter depicted the company’s push to unlock the oil possible in its portfolio with drilling recently commenced on the first of three oil wells planned for 2015. The firm spud its first exploration well at block 182, a shallow conventional oil prospect, targeting the Agua Grande formation with additional

    Read more
  • 5:31 PM

    Timmins Gold Corp. (TSE:TMM) acquired Newstrike Capital (NES) successfully. A total of 116 million shares were taken up in exchange for the issuance of 0.9 Timmins Gold shares for each NES share held (105 million new TMM shares). Recall the NES deal was originally declared on February 17, 2015, and shareholder approvals from both companies

    Read more


The Market Cash Cow
623 5th Avenue, New York, NY 10022
Phone: 1-845-262-3176
Email: editor@marketcashcow.com