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Black Friday frenzy: Tiffany buys LVMH, Charles Schwab buys TD Ameritrade, Novartis buys Medicines Company…

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11/25/2019 | 09:43am EST

Financial operations are in full swing at the start of the Black Friday week. LVMH is adding a jewel in its collection with Tiffany, while Charles Schwab acquires TD Ameritrade and Novartis sets its sights on The Medicine Company. Agilent, HP Enterprise and Palo Alto Networks are among companies reporting earnings today.

Tiffany at LVMH.  LVMH convinced the Board of Directors of Tiffany to accept a repurchase offer at USD 135 per share, representing an overall invoice of USD 16.2 billion. "I think this is good news for LVMH and worse for the competition," says Flavio Cereda, at Jefferies, buyer of the French stock with a target of EUR 400. The information was confirmed this morning.

The rumor is confirmed: Charles Schwab will buy TD Ameritrade and create a giant. The online broker announced on Monday that it has reached an agreement to acquire his rival TD Ameritrade for approximately $26 billion all in shares.

Novartis is breaking its piggy bank. Novartis will acquire the US diabetes specialist The Medicines Company for $9.7 billion, or USD 85 per share. The acquisition will have a slightly dilutive effect on core business earnings per share in the coming years, the Swiss laboratory said, due to the investments required to launch inclisiran, a cholesterol treatment currently being applied for by the MA.

Bye Bye London. Uber lost 4.7% Monday in pre-opening, after losing its operating license in London. The British capital's transport authority announced on Monday that it had withdrawn the license after discovering that more than 14,000 trips had been made by uninsured drivers.

PSA focuses on FCA. Peugeot remains committed to signing a merger agreement with Fiat Chrysler before the end of the year, despite the new parameter introduced by General Motors' legal offensive against the Italian-American group in the United States. A source close to the file explained to Reuters that PSA does not intend to be distracted from its original purpose. A rumor that echoes the statements of Fiat Chrysler President John Elkann, who said on Friday that he had no concern for the sustainability of the agreement.

Tesla's defending its pickup truck. Tesla has reportedly collected about 150,000 pre-orders for his future electric pickup truck, according to Elon Musk. Specifically, 146,000 units of the futuristic machine unveiled last week have reportedly been pre-ordered. However, the manufacturer offered this registration in exchange for only USD 100, a fully refundable amount. In other words, there is no guarantee that these 146,000 pre-orders will be completed. Tesla had fallen heavily on Friday the day after the now infamous disastrous presentation of the vehicle.

The FAA is getting tougher. The US Aviation Authority (FAA) was unhappy with the announcement that deliveries of the Boeing 737 MAX will resume by the end of the year, reminding its staff that its top priority "is safety, not Boeing's schedule". In addition, the manufacturer unveiled version 10 of its B737 MAX.

Walt Disney's new animated film, "Frozen 2", generated $127 million in revenues for its first weekend of exploitation in the United States and Canada, setting a record for the animation studio.

In other news. As Black Friday approaches, several environmental associations are attacking Amazon.com's very heavy environmental impacts. The latter sued the United States for awarding Microsoft the Pentagon's cloud contract. HP Inc. reiterated its opposition to Xerox's takeover bid, which could go into hostile mode. Orange Belgium and Proximus have signed the agreement giving concrete expression to their collaboration for the sharing of mobile access networks. Maurice Lévy, the former boss of Publicis, has been recruited as head of marketing by WeWork. Linde has signed a memorandum of understanding with Baowu Clean Energy to develop into hydrogen in China.

Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM -0.24% 1887.46 Delayed Quote.2.39%
BOEING COMPANY (THE) -1.39% 309 Delayed Quote.-5.14%
FIAT CHRYSLER AUTOMOBILES -0.41% 12.172 Delayed Quote.-7.38%
HUDSON'S BAY COMPANY 0.00% 10.9 Delayed Quote.10.32%
LVMH MOËT HENNESSY VUITTON SE -0.86% 419.75 Real-time Quote.2.23%
MICROSOFT CORPORATION -0.48% 165.7 Delayed Quote.5.07%
NOVARTIS 0.46% 92.59 Delayed Quote.0.27%
ORANGE -0.15% 13.115 Real-time Quote.0.08%
PEUGEOT -0.67% 19.305 Real-time Quote.-8.80%
PROXIMUS -0.31% 25.57 Delayed Quote.0.51%
TD AMERITRADE HOLDING CORPORATION 1.04% 51.28 Delayed Quote.3.18%
TESLA INC. 4.09% 569.56 Delayed Quote.36.15%
THE CHARLES SCHWAB CORPORATION 0.99% 48.93 Delayed Quote.2.88%
THE MEDICINES COMPANY 0.00%End-of-day quote.-0.05%
UBER TECHNOLOGIES, INC. -1.49% 37.04 Delayed Quote.24.55%

Romain Fournier
© MarketScreener.com 2019
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