Merger News: HSBC in Talks to Acquire Nedbank, Energen Buys Permian Basin Assets Monday, August 23, 12:54 PM ET
HBC) said today it is in exclusive talks to acquire a majority stake in South Africa-based Nedbank from #1 African insurer Old Mutual.
If the talks go through, HSBC would acquire 70% of Nedbank shares, which could reportedly amount to over $6 billion.
HSBC has reportedly been vying with Standard Chartered for the deal.
Also today, Energen Corporation (NYSE:
EGN) said its oil and gas exploration company, Energen Resources, has agreed to buy $185 million in assets in the Permian Basin's Wolfberry trend.
The acquisition from a private seller includes 19 producing wells, and 142 proved undeveloped locations.
For MarketNewsVideo.com, I'm Kristin Bianco.
Thursday Sector Leaders: Semiconductors, Banking & Savings
Related symbols: EMKR, VIMC, TCBI, IBTX
Thursday Sector Laggards: Advertising, Metals & Mining Stocks
Related symbols: MCHX, GRPN, SCOK, MCP
Wednesday Sector Leaders: General Contractors & Builders, Trucking Stocks
Related symbols: LEN, CVCO, YRCW, SAIA
Thursday's ETF with Unusual Volume: SPHQ
Related symbols: SPHQ, GE, MSFT, DD, WEC
Thursday's ETF Movers: KRE, XME
Related symbols: TCBI, FBP, WLT, MCP, XME, KRE
EEM, FJP: Big ETF Outflows
Related symbols: EEM, FJP, BAP, MBT
Daily Dividend Report: COV, KR, PWE, CVA, APA, MMC, STLD, CIM
Related symbols: COV, KR, PWE, CVA, APA, MMC, STLD, CIM
Daily Dividend Report: DX, MA, BMY, USB, CLX, FE
Related symbols: DX, MA, BMY, USB, CLX, FE
Daily Dividend Report: NGPC, CPT, KRC, DEI, UMPQ
Related symbols: NGPC, CPT, KRC, DEI, UMPQ
Weekly Market Wrap: September 12, 2014
Related symbols: S, BAC, EBAY, AAPL, YHOO, CL, TYC, PM, IP, AMAT
Weekly Market Wrap: September 5, 2014
Related symbols: BAC, AAPL, VALE, GILD, HES, AEO, EGAS, DOW, FDO
Weekly Market Wrap: August 29, 2014
Related symbols: RSH, AAPL, BAC, TWTR, HUM, BBY, CSCO, LOW, PPL, SYY
Week Ahead Market Report: September 15, 2014
Related symbols: BAC, YHOO, AAPL, NOK, AVNR, ADBE, LEN, CAG, ORCL
Week Ahead Market Report: September 8, 2014
Related symbols: BAC, YHOO, MSFT, AAPL, BKS, RH, KR, DRI
Week Ahead Market Report: September 2, 2014
Related symbols: CWPR, AAPL, BAC, HRB, JOY, PAY
All videos » |
Stock market definitions »
Merger News: HSBC in Talks to Acquire Nedbank, Energen Buys Permian Basin Assets
| Market News Video | Copyright © 2008 - 2014, All Rights Reserved
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.