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MrWhy.com » Videos » Morning Market Snapshot: July 15, 2011
Morning Market Snapshot: July 15, 2011
Morning Market Snapshot: July 15,  2011
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Morning Market Snapshot: July 15, 2011
Good Morning. It’s Friday, July 15, 2011. At this hour, U.S. equity futures are higher. Overseas, the Asian markets mixed, while the European markets are down. News Corp. (NASDAQ:NWSA) announced the appointment of Tom Mockridge as CEO of News International effective immediately following the resignation of Rebekah Brooks. Carl Icahn disclosed that on July 14, he sent a letter to Donald Knauss, CEO of Clorox (NYSE:CLX), pursuant to which Icahn made a proposal to acquire all of the issued and outstanding shares not owned for $76.50 per share net in cash. BHP Billiton (NYSE:BHP) and Petrohawk Energy Corp. (NYSE:HK) announced they entered into a definitive agreement for BHP to acquire Petrohawk for $38.75 per share in an all-cash offer for all of the issued and outstanding shares of Petrohawk, representing a total equity value of approximately $12.1B and a total enterprise value of approximately $15.1B, including the assumption of net debt. Ralcorp (NYSE:RAH) announced that its board unanimously agreed in principle to separate Ralcorp and Post Foods in a tax-free spin-off to Ralcorp shareholders.
Channel: Voxant Newsroom
Category: Business
Video Length: 0
Date Found: July 16, 2011
Date Produced: July 16, 2011
View Count: 0
 
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