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I hope Amazon is involved but where is the proof? Just because EU is involved, that doesn't equate to Amazon.
ND9
Large Green, the EU reviews all mergers, big or small.. just go to their website below, and it states, they review them all.. the small ones have 25 working days to analyze the deal... Hard to believe they could review Amazon in 25 days... not with all the anti trust issues going on with Amazon and European Union... I hope I am wrong but just because EU is on docket 1503, for me at least, that doesn't equate to Amazon... Simon and Brookfield are both in Europe and other continents...
ND9
EU Merger Control
Competition: Merger control procedures
Phase I investigation
After notification, the Commission has 25 working
days to analyse the deal during the phase I
investigation. More than 90% of all cases are
resolved in Phase I, generally without remedies.
https://ec.europa.eu/competition/publications/factsheets/merger_control_procedures_en.pdf
BBANBOB, that's an interesting perspective.. I can't get over the fact that from your perspective, 1 share of OCN ($192M market cap) is equal to 1 share of COOP ($2.2B market cap)...
However, I don't think it's that simple.. You have to look at EPS, Cash, future earnings, debt, etc...
So I will have to respectfully disagree with you on this one.. You might be right... It just doesn't seem possible to me...
ND9
BBANBOB, I don't think that is correct... So if you do the math, COOP has 92M shares x $24.... OCN has 8M shares x $24. So if you buy OCN with a 1:1 share swap, then aren't you paying 10x for OCN... I am not a financial expert but that seems way too much...
JMHO
ND9
Klepierre
Market Capitalization
€3.2 B
2020-10-02
Overview
Situated in the most affluent, most densely populated and fastest growing consumer zones, Klépierre has access to approximately 150 million European consumers. As a major player in continental Europe’s retail property market, Klépierre has shopping centers in 57 cities and 16 countries. Its property portfolio is worth €22.1 billion as of December 31, 2015 (excluding duties). Klépierre provides leading retailers with a unique range of shopping centers that together attract more than 1.2 billion visitors each year. Like its main shareholder, Simon Property Group, Klépierre provides expertise in development and active management.
David Simon....
Simon Prop & Brookfield both in Europe
From Docket #1503: (filed 9/30/2020)
November 6, 2020 Anticipated Date of EU Antitrust Approval
I know folks are saying this is Amazon and I am hoping it's Amazon, but could it be Simon/Brookfield applying to EU? For a huge company like Amazon, hard to believe they would know they would get EU Antitrust approval Nov 6. Now, if you were a small company, then below, it says after Phase 1, you will probably be approved with no issue, after 25 working days... Read link below and it talks about the different phases depending on size of merger and or impacts.
ND9
EU Merger Control
Competition: Merger control procedures
Phase I investigation
After notification, the Commission has 25 working
days to analyse the deal during the phase I
investigation. More than 90% of all cases are
resolved in Phase I, generally without remedies.
https://ec.europa.eu/competition/publications/factsheets/merger_control_procedures_en.pdf
10/07/2020 11:15 20-20182-11 1503 J. C. Penney Company, Inc., et al., Hearing
This hearing is for document #1503
That article is 2 months old....
Simon Property Group And McArthurGlen Group Form Joint Venture For European Designer Outlets
NEWS PROVIDED BY
Simon Property Group, Inc.
Jun 03, 2013, 12:52 ET
SHARE THIS ARTICLE
INDIANAPOLIS and LONDON, June 3, 2013 /PRNewswire/ -- Simon Property Group, Inc. (NYSE:SPG) and McArthurGlen Group announced today that they have signed a definitive agreement to form a joint venture through which SPG will invest in McArthurGlen, the leader in upscale, European designer outlets.
https://www.prnewswire.com/news-releases/simon-property-group-and-mcarthurglen-group-form-joint-venture-for-european-designer-outlets-209946061.html
Brookfield European Real Estate Partnership SCSp
SEC CIK #0001812800
SEC.report › CIK › Brookfield European Real Estate Partnership SCSp
Brookfield European Real Estate Partnership SCSp is registered with the U.S. Security and Exchange Commission and incorporated in the state of Luxembourg. For financial reporting, their fiscal year ends on December 31st. This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by Brookfield European Real Estate Partnership SCSp.
https://sec.report/CIK/0001812800
Brookfield: A global leader in alternative asset management
We are invested in long-life, high-quality assets and businesses that form the backbone of today's global economy.
https://www.brookfield.com/about-us/who-we-are
Simon has reopened 199 of its 204 U.S. retail properties in 37 states which represent more than 95% of the Company's property net operating income ("NOI"). These properties are located where governmental orders have enabled reopening and the remaining five properties are expected to reopen within the next week.
More than 18,000 stores across the Company's U.S. portfolio have reopened. Since reopening, many tenants have reported higher-than-expected conversion rates and sales.
In addition, 30 of Simon's Designer and international Premium Outlets properties are open, including all of the Company's international Premium Outlets in Asia and Designer Outlets in Continental Europe, with nearly 100% of retail stores open. The last remaining international Premium Outlet is expected to open next week. The Company recently announced the grand opening of Siam Premium Outlets Bangkok, marking Thailand's first Premium Outlet center.
https://investors.simon.com/news-releases/news-release-details/simon-property-group-provides-update-and-declares-second-quarter
Article June 29, 2020
Simon Prop & Brookfield both in Europe
From Docket #1503: (filed 9/30/2020)
November 6, 2020 Anticipated Date of EU Antitrust Approval
I know folks are saying this is Amazon and I am hoping it's Amazon, but could it be Simon/Brookfield applying to EU? For a huge company like Amazon, hard to believe they would know they would get EU Antitrust approval Nov 6. Now, if you were a small company, then below, it says after Phase 1, you will probably be approved with no issue, after 25 working days... Read link below and it talks about the different phases depending on size of merger and or impacts.
ND9
EU Merger Control
Competition: Merger control procedures
Phase I investigation
After notification, the Commission has 25 working
days to analyse the deal during the phase I
investigation. More than 90% of all cases are
resolved in Phase I, generally without remedies.
https://ec.europa.eu/competition/publications/factsheets/merger_control_procedures_en.pdf
Royal Dude, this is an interesting find... Look at article below.. Chad Smith is Executive VP of Caliber... There was an WMI Executive named Chad Smith... I wonder if it is the same person.. I will have to research this later.
ND9
**************************************
Caliber Home Loans Appoints Chad Smith
Apr 13, 2018
Coppell, TX -- Caliber Home Loans, Inc. (“Caliber”), the nation’s fourth largest nonbank residential mortgage originator with approximately $44 billion in 2017 originations and a servicing portfolio in excess of $130 billion, today announced the appointment of Chad Smith, former loanDepot President of Direct Lending, as Executive Vice President, Head of Recapture and Direct To Consumer.
Chad Smith will lead all Recapture and Direct To Consumer efforts, transforming the way Caliber interacts with its customers while leveraging the Caliber servicing portfolio of more than 650,000 customers. Chad Smith will report directly into Russ Smith, EVP of Production for Caliber.
Sanjiv Das, CEO of Caliber, said, “We are excited to welcome Chad to the team and believe his extensive industry experience and passion for serving customers make him uniquely suited for this new role. We look forward to his contributions to Caliber, which will accelerate the growth of our franchise and our position as a top mortgage originator in the United States.”
Russ Smith added, “We look forward to Chad’s insights and perspective as we continue to build a world-class team and provide timely solutions to our expansive customer base, which is among the largest of any non-bank financial institution.”
Back to News
RickNagra, I've been seeing that same post everywhere today... but I wasn't able to find the original article/post from Brittain Ladd. So I know lots of people of posted this today, but do you know when Brittain Ladd actually wrote this and in what forum?
thanks,
ND9
US Bank Trust Investor Reporting on WAMU securities
Here is an oldie but goodie....
https://trustinvestorreporting.usbank.com/TIR/public/deals/detail/3431/wamu-2002-ar1
Judge is still a jerk.. he acts real tough with shareholders but doesn’t do that with debtors, creditors, etc.. remember when he said months ago this was urgent and needed to be resolved ASAP...here we are, tomorrow is October... then a couple of weeks ago he said he couldn’t push debtors or they would liquidate... then today big shot jones boasts, “I AM A FEDERAL JUDGE.”
Most posts this afternoon don’t reflect what was said in court today. I doubt few of you were actually tied in and listened and or understood.
Ad hoc ec basically said they didn’t want to fight today about having full blown equity committee because they wanted to live to fight another day... if we lost today, it is over... if ad hoc committee settled, they they would have money to continue fight and in future, talk about valuation..
No. Per judges direction, Ad hoc ec will poll shareholders on if they (shareholders) want settlement order or hearing on full blown ec. return to judge on oct 14.
Come back October 14th to talk about settlement order...
Mr Thompson hasn’t read ad hoc EC settlement order... judge asking him, shouldn’t he read order before he complains?
Not good....
Well Mr Thompson could have wilted away after judge screamed at him.. Mr Thompson did not wilt. Hats off to him, whether you agree with him or not..
Judge screams, nobody talks over me, I am a federal judge and you are on the line because I say it so.. or something like that.. speaking to mr Thompson?
Thanks Large Green, very interesting, let's hope for the best...
ND9
Maybe the $1M is to cover expenses that Okin and company have already expended? But why would they do it on same day of 8K and sale?
Hmmmm
ND9
Hmmm, how does the 8K announcing sale mesh with ad hoc EC getting $1M?
4. For purposes of clarification, except as limited by this Order or any further order of
this Court, the AHEC has been appointed pursuant to § 105 of the Bankruptcy Code to represent
holders of common equity interests in the Debtors (the “Shareholder(s)”).
5. Except as set forth herein and subject to the Information Protocol set forth below,
the AHEC shall provide access to information for Shareholders and shall solicit and receive
comments from the Shareholders regarding the administration of these Bankruptcy Cases, the
operation of the Debtors’ business and the desirability of the continuance of such business, and
any other matter relevant to these Bankruptcy Cases or to the formulation of a plan provided,
however, that the AHEC shall not be required to disseminate any Confidential Information
(defined below).
My TDAmeritrade shares also deleted.
4. For purposes of clarification, except as limited by this Order or any further order of
this Court, the AHEC has been appointed pursuant to § 105 of the Bankruptcy Code to represent
holders of common equity interests in the Debtors (the “Shareholder(s)”).
5. Except as set forth herein and subject to the Information Protocol set forth below,
the AHEC shall provide access to information for Shareholders and shall solicit and receive
comments from the Shareholders regarding the administration of these Bankruptcy Cases, the
operation of the Debtors’ business and the desirability of the continuance of such business, and
any other matter relevant to these Bankruptcy Cases or to the formulation of a plan provided,
however, that the AHEC shall not be required to disseminate any Confidential Information
(defined below).
Thanks, I forgot, 12 years, incredible..
as in Beal Bank
False... we went through this in WAMU... a share is a share, whether you bought it before bankruptcy filing or after.. you can't distinguish between the two... you are either a shareholder or you aren't..
Interviews with management, Lazard, Cushman, Alix Partners
From:
Appendix 1
Sources Considered
Conclusions of the Expert Report
27. Based on CR3’s due diligence and financial analysis, and my experience, CR3 believes the Total Enterprise Value of the Debtors is within a range of $8.2 billion and $10.2 billion. The hard assets alone consisting of real estate, cash, and inventory are currently valued at
$6.6 billion. Assuming $7 billion of estimated debt and liabilities, the prepetition equity of the
Debtors would equate to a value between $1.2 billion and $3.2 billion.
28. In light of the forgoing analysis, it is my opinion that the Debtors are not hopelessly
insolvent. Further, it is my opinion that the transaction the Debtors are proposing materially
undervalues the assets, as illustrated in our report and herein, and in a reorganization under chapter
11, as opposed to the distressed sale currently being pursued by the Debtors, the total enterprise
value of the Debtors’ business indicates a return to equity interest holders is reasonable.
I declare under penalty of perjury that the foregoing is true and correct.
Dated: September 22, 2020 /s/ William Snyder_____________
Nice work Boarddork!
Julius Erving, where did you see Kosmos Energy holding onto block 12?
I don't believe that is correct.. I think they only kept block #5 because as I explained earlier, block #5 borders with Equitorial Guinea, and Kosmos is producing and familiar with that area.
JMHO
ND9
Opus, that is not correct. Kosmos has producing fields in Equitorial Guinea (EG). STP EEZ block #5 borders EG. So Kosmos is very familiar with EG seismics and believes there is high probability of a significant oil field in STP EEZ Block #5. That is why Kosmos kept STP EEZ Block #5.
Yes, for lots of oil companies, times are hard. However, Kosmos is cutting back on exploration in STP, Nambia, Suriname, to save money... However, Kosmos has producing fields in Ghana, Equitorial Guinea, and Gulf of Mexico.. In addition, offshore Senegal/Mauritania, Kosmos discovered 100 TRILLION cubic feet of natural gas. Their partner, BP, is about 40% complete on putting in deep-water infrastructure necessary to pump natural gas for next 30+ years.... Kosmos will be receiving natural gas payments for next 30+ years, starting in 2023... They will be fine... They might even be bought out...
Go read their Sept 2020 presentation on the Kosmos Energy website.
JMHO
ND9