9 1 5 9 100 1 10
new york shock exchange
new york shock exchange

Fatal G2 error

Here's the error from G2:
  • in modules/core/classes/GallerySession.class at line 760 (GalleryCoreApi::error)
  • in modules/core/classes/GallerySession.class at line 340 (GallerySession::_acquireNewPersistentSession)
  • in modules/core/classes/GalleryEmbed.class at line 801 (GallerySession::start)
  • in /home/newyorks/public_html/modules/mod_gallery2_image.php at line 67 (GalleryEmbed::getImageBlock)
  • in /home/newyorks/public_html/includes/frontend.html.php at line 305
  • in /home/newyorks/public_html/includes/frontend.html.php at line 102 (modules_html::modoutput_table)
  • in /home/newyorks/public_html/includes/frontend.php at line 134 (modules_html::module2)
  • in /home/newyorks/public_html/templates/nysx2/index.php at line 127
  • in /home/newyorks/public_html/index.php at line 238

Latest Events
Sorry, no events to display
Get Chitika | Premium
GE: Is The Baker Hughes Merger A Magic Trick? PDF Print E-mail
In a deal that shocked the financial markets, General Electric (NYSE:GE) announced it was merging its oil & gas operations ( http://seekingalpha.com/article/4022587-ge-baker-hughes-merger-magic-trick ) with Baker Hughes (NYSE:BHI). The transaction left me speechless for both its brazenness and creativity, and harkens back to the days of former CEO Jack Welch. [i] GE is contributing its oil & gas operations and Baker Hughes is contributing its company. [ii] GE will own 62.5% of Newco and Baker Hughes 37.5%; [iii] GE will transfer $7.4 billion of cash to the venture that Baker Hughes will use to fund a $17.50 special dividend to its shareholders; [iv] the transaction assumed the contributed value of BHI at $23.4 billion, GE at $28.5 billion and the present value of cost synergies at $13.7 billion. [v] Newco is projected to have a combined value of $51.9 billion; [vi] BHI's 37.5% stake would be valued at $24.6 billion. Including the $7.4 billion dividend, BHI would receive value of $32 billion or a 37% premium to its market capitalization prior to the deal.
The transaction was a masterstroke for Oil & Gas for the following reasons:
The deal ignites growth, it adds scale and it improves margins. Oil & Gas has been a laggard for GE for a while now due to declining revenue and margins. The Baker Hughes deal solves a myriad of problems. That said, I remain bearish on GE. I believe a slowdown in the global economy and future rate hikes will hurt the Industrial segment. Sell GE.

On Shock Exchange 

With the critically acclaimed, Shock Exchange: How Inner-City Kids From Brooklyn Predicted The Great Recession And The Pain Ahead, author Ralph W. Baker, Jr. predicted the current global economic slow down, the demise of China, emerging markets and the pending stock market crash.

Where to Buy:

"Shock Exchange" is available electronically through Barnes & Noble (NOOK), Amazon (Kindle), iTunes, etc. The print version is available through the following retailers and bookstores:  

Print Version: 

Amazon http://www.amazon.com/

Barnes & Noble online http://www.barnesandnoble.com/

Hampden-Sydney College Bookstore: http://cougar.hsc.edu/cgi-bin/main_inv.exe , item number: 38561. Or call Jason Huskey at 434-223-6117.    


Please login or register to post a comment.

< Prev   Next >

Visitors: 5449769

  © New York Shock Exchange. All Rights Reserved.
atenolol no prescription
metformin online