In a new report, Deutsche Bank analyst Christopher Mcdonagh named 25 headlines that could serve as market catalysts this week. Here’s a rundown of his full list.
1. Lattice Semiconductor LSCC could be considering a sale after reported interest from a Chinese buyer.
2. Metlife Inc MET is bidding to acquire Macquarie Group’s life insurance business.
3. United Technologies Corporation UTX has hired Goldman Sachs Group Inc GS as an advisor on the Honeywell International Inc. HON bid.
4. Sanofi SA (ADR) SNY is looking for a rare disease buyout target.
5. Alexza Pharmaceuticals, Inc. ALXA has confirmed a non-binding buyout offer from Grupo Ferrer.
6. A. M. Castle & Co CAS remains a top holding (19.5 percent stake) for Raging Capital, which nominated two board members.
7. Yahoo! Inc. YHOO may yield two or more board seats to Starboard Value in an attempt to avoid a proxy battle.
8. Apollo Global Management LLC APO is in the running along with a Chinese state-backed waste company for a GBP1b acquisition of Biffa.
9. BlackRock, Inc. BLK has taken a 0.58 percent short position in Aberdeen Asset Management.
10. KKR & Co. L.P. KKR is on the short list to acquire Toshiba’s medical equipment unit.
11. Citigroup Inc C is selling its 20 percent stake in China Guangfa Bank.
12. Barclays PLC (ADR) BCS will update its investors on March 1 about any developments concerning its African unit.
13. Credit Suisse Group AG (ADR) CS has begun selling $1.9 billion of distressed debt holdings as part of a balance sheet overhaul.
14. Energy XXI Ltd EXXI has suspended dividends on its 5.625 percent and 7.25 percent preferred stock because of the weak commodity environment.
15. National Interstate Corporation NATL raised its quarterly dividend by 7.7 percent from $0.13 to $0.14.
16. Albemarle Corporation ALB raised its quarterly dividend by 5.2 percent from $0.29 to $0.305.
17. Uranium Resources, Inc. URRE has approved a 1-to-12 reverse stock split that is expected to take place following the market close on March 7. 18. DryShips Inc. DRYS has approved a 1-to-25 reverse stock split that is expected to take place as of the market open on March 11.
19. Olin Corporation OLN has promoted COO John Fischer to replace Joseph Rupp as CEO on May 1.
20. Swisher Hygiene Inc SWSH CEO William Pierce and CFO William Nanovsky have announced their resignation effective March 31. Image Credit: Public Domain21. Valeant Pharmaceuticals Intl Inc VRX has announced that Mike Pearson has returned to the CEO position following a recovery from severe pneumonia and that Robert Ingram has been appointed chairman of the board.
22. GlaxoSmithKline plc (ADR) GSK will be replacing CEO Sir Andrew Witty next year.
23. Citigroup has received a subpoena from the NY District Attorney regarding alleged bribery, corruption and money laundering associated with the FIFA and is being sued separately for fraud by investors and creditors of bankrupt Mexican oil services firm Oceanografia SA.
24. UBS Group AG (USA) UBS is facing a tax-evasion probe in Belgium.
25. General Electric Company GE has received subpoenas from the U.S. Department of Justice regarding origination, purchase and/or sale of residential mortgage loans between 2005 and 2007.
Disclosure: The author holds no position in the stocks mentioned.
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