THINK: “Do two thing every day that scares you. That way you do at least one!” – JD Morris
ACTION: Call one or two people that you know can help move your business forward, but for some reason, you have not called.
BOTTOMLINE: Call or ask somebody to call them, but give them the reward. This resulted in $75,000 payday for me as a friend was afraid to call.
PDF OF THE DAY – Things Change
PIPELINE ( M&A)
** Renova Energia SA’s board has approved Brookfield Asset Management Inc’s proposal to acquire a controlling stake in the Brazilian renewable energy company for 1.4 billion reais ($433 million), a securities filing showed on Monday.
** SandRidge Energy Inc said it adopted a shareholder rights plan, known as a “poison pill”, amid rising opposition from major shareholders to the oil producer’s $746 million bid for rival Bonanza Creek Energy.
** U.S. shopping center owner Cedar Realty Trust Inc said it was rejecting an unsolicited offer from Wheeler Real Estate Investment Trust to combine the two companies.
** Vietnam’s biggest brewer Sabeco has received a strong response from potential suitors at an investors’ roadshow in Singapore, its chairman said, as the government moves closer to finalizing a stake sale in the $9 billion maker of Bia Saigon and 333 brews.
** Education group Pearson has agreed the sale of its Wall Street English (WSE) business to Baring Private Equity Asia and CITIC Capital for around $300 million, although its proceeds from the deal will be just a third of that.
** French oil and gas major Total said it had agreed to sell stakes in two Norwegian oil fields to Statoil for $1.45 billion as it reviews its North Sea portfolio after acquiring Denmark’s Maersk Oil in August.
** Germany’s biggest insurer Allianz plans to buy the shares in French credit insurance firm Euler Hermes it does not yet own for around 1.85 billion euros ($2.2 bln).
** U.S. media company Meredith Corp said it will buy Time Inc, the publisher of People, Sports Illustrated and Fortune magazines, in a $1.84 billion all-cash deal backed by conservative billionaire brothers Charles and David Koch.
** Israeli conglomerate Delek Group said that Sirius International Insurance has decided to exercise its option to buy Delek’s remaining 47 percent stake in Phoenix Holdings for 2.3 billion shekels ($656 million).
** Israel’s Kenon Holdings said it has agreed to sell IC Power’s Latin American and Caribbean businesses to infrastructure investment manager I Squared Capital for about $1.2 billion. (Compiled by Sanjana Shivdas in Bengaluru)
Happy Networking and Investing,
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