Friday, April 9, 2010

Market Daily -- 9th Apr 10

10. Macarthur Coal: Won't Recommend New Hope Offer
Macarthur Coal: Shareholder Meeting April 12 Will Proceed
Macarthur Coal: New Hope Offer Doesn't Represent Adequate Premium
Macarthur Coal: Meeting Could Be Postponed Or Adjourned If Circumstances Change
Macarthur Coal: Still Recommends Noble/Gloucester Deal
Macarthur Coal: Independent Expert Hasn't Changed View

9. Indofood Agri Target Raised To S$3.20 From S$2.90 By GS

8. Golden Agri-Resources Target Set At S$0.65 By Goldman Sachs

7. Anwell Technologies Target Raised To S$0.78 From S$0.38 By DMG

6. MobileOne Target Raised To S$2.55 From S$2.30 By DMG

5. Asiatravel.com Target Cut To S$0.61 From S$0.78 By DMG

4. Ying Li Intl Target Cut To S$1.04 From S$1.20 By Kim Eng

3. Tiger Airways Target Raised To S$2.40 From S$2.00 By Citi

2. New Hope Coal Offers To Buy Macarthur Coal
New Hope Coal Offers 2.7 New Hope Shares For Every 1 Macarthur Share
New Hope Coal Offer Values Macarthur At A$14.58/Share
New Hope Coal Offer Subject To Certain Conditions
Macarthur Coal: Advises Shareholders Take No Action On New Hope Offer
Macarthur Coal: Hasn't Received Any Approach From Xstrata
Macarthur Coal Directors Assessing Merits Of New Hope Proposal
Macarthur Coal Directors To Meet Friday To Consider Whether To Delay Shareholder Meeting
Takeovers Panel Declines Peabody Request To Postpone Macarthur Coal Shareholders Meeting
New Hope Offer Conditional On Macarthur Dropping Takeover Of Gloucester

1. WALL STREET: Stocks closed higher as round of stronger-than-expected retail sales boosted investors' hopes for 1Q reporting season. Dow Jones +0.27%, Nasdaq +0.2%