Apple announced on Monday that the company plans to pay quarterly stock dividend of $2.65 a share beginning in July. The company’s board plans a $10 billion share buyback. Apple also said that it direct $45 billion of its domestic cash towards the stock buyback and dividends. Apple’s chief executive promised that in moving cash towards dividends, it would not alter the shape or direction of the company.
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Editorial Staff
Monday, April 23, 2012
Monday, April 2, 2012
M&A Activity Review
Michaels Stores Files for I.P.O.
Michael Stores looks to raise about $500 million with the company’s initial public offering. Michael Stores is an arts and crafts chain and the company will trade under the ticker MIK. The company looks to pay down debt through the IPO and expand in the future. The Blackstone Group and Bain capital owned Michaels for about 6 years in a previous $6 billion deal.
K.K.R. buys Shale Assets from WPX for $306 Million
Kohlberg Kravis Roberts purchased natural gas shale assets from WPX Energy for $306 million. K.K.R. is a private equity firm now owns 27,000 acres in the Barnett Shale region and 66,000 acres in the Arkoma Basin. This transaction is another move by K.K.R. in the energy business.
DBS to Buy Bank Danamon
The DBS Bank, the largest bank in Singapore, and the DBS group holdings bought Bank Danamon on Indonesia for $7.2 billion. DBS looks to grow and expand in Indonesia-- one of Asia’s rapidly expanding economies. RIM, Research in Motion, continues to struggle. RIM announced a $125 million loss and continues to post declining sales. With continuing losses, RIM may look to partner up or consider other ventures. RIM’s current market value is $7.3 billion which is significantly down from the $29.4 billion that it was worth one year ago. RIM may look to be acquired if it continues to struggle.
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Editorial Staff
Michael Stores looks to raise about $500 million with the company’s initial public offering. Michael Stores is an arts and crafts chain and the company will trade under the ticker MIK. The company looks to pay down debt through the IPO and expand in the future. The Blackstone Group and Bain capital owned Michaels for about 6 years in a previous $6 billion deal.
K.K.R. buys Shale Assets from WPX for $306 Million
Kohlberg Kravis Roberts purchased natural gas shale assets from WPX Energy for $306 million. K.K.R. is a private equity firm now owns 27,000 acres in the Barnett Shale region and 66,000 acres in the Arkoma Basin. This transaction is another move by K.K.R. in the energy business.
DBS to Buy Bank Danamon
The DBS Bank, the largest bank in Singapore, and the DBS group holdings bought Bank Danamon on Indonesia for $7.2 billion. DBS looks to grow and expand in Indonesia-- one of Asia’s rapidly expanding economies. RIM, Research in Motion, continues to struggle. RIM announced a $125 million loss and continues to post declining sales. With continuing losses, RIM may look to partner up or consider other ventures. RIM’s current market value is $7.3 billion which is significantly down from the $29.4 billion that it was worth one year ago. RIM may look to be acquired if it continues to struggle.
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Editorial Staff
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