Saturday, July 10, 2010

Rothschild mining company being created
EXCERPT:
30 Apr 2010 10:51am
An element of mystery still surrounds the exact details of the mining company, known simply as Vallar, reportedly being touted by Nat Rothschild to take advantage of asset offloads by the major mining companies

The Chair or the buck
EXCERPT:
While President Yeltsin relied on the fusion of his administration with big business, allowing big business to be a leader and major victor in the struggle, President Putin's regime has been different. He has tried to rein "the oligarchs" in and replace Mr. Yeltsin's elected monarchy with a conveyer belt system of power. His crackdown on Gusinsky, Berezovsky and now Khodorkovsky demonstrates not only the new nature of the Russian political regime, but also the fact that oligarchy as an interest group of big business people who dominate the state, have a common agenda, and have succeeded in forcing all other powers, including the state apparatus, to implement their interests, does not exist in Russia. The state and state apparatus continue to play a domineering role in new Russia like they had been for centuries: the Chair has always been more important than the Buck here.

Gleacher and Nat Rothchild
EXCERPT:
Nathaniel Rothschild: Born in 1971 in England. He is Jacob Rothschild’s son & heir apparent. He began his career in 1994 at the Rothschilds’ Jewish sister bank, Lazard Brothers in London.

~ Currently, Nathaniel Rothschild is an executive (what else would he be?) with Gleacher Partners, a New York-based mergers and acquisitions (M&A) advisory firm founded by Eric Gleacher, former head of M&A at another Jewish sister bank of the Rothschilds,’ Lehman Brothers.

~ It should be noted that both Lazard Brothers & Lehman Brothers hold shares along with the principal share holder, NM Rothschild & Son, in the privately-held Jewish bank known as the Federal Reserve System of America Here.


Osborne criticised David Davis Corfu Meeting Mandelson
EXCERPT:
However, there is widespread speculation that there must have been an additional reason why Mr Rothschild reacted so spectacularly, effectively attempting to destroy the Shadow Chancellor's career.


James Goodwin fund manager and friend of Nat Rothschild
EXCERPT:
Although Mr Goodwin is understood to be willing to provide an affidavit if required about what happened on board the yacht, he is currently attempting to remain out of the controversy.

Callers to his home in an expensive apartment building in Manhattan's Upper East Side were initially told that he didn't live there.

"He's aware of the situation but he doesn't want to get involved," said an insider.

Timothy Barakett and Nathan Rothschild
EXCERPT:
Who
Barakett is head of Atticus Capital, a hedge fund with $16 billion under management.

Backstory
Tim Barakett played hockey at Harvard and was so skilled on the ice (he scored 79 goals his senior year), he was drafted by the New Jersey Devils in 1986. He turned down the offer and opted to go to Harvard Business School instead. After cutting his teeth at the merger arbitrage fund Junction Advisors in the early '90s, he founded Atticus Capital in 1995, teaming up with Nathaniel Rothschild, scion of the legendary moneyed family and the man in line to be the fifth Baron Rothschild.

The Prokhorov bounce Norilsk Nickel and Polyus Gold
EXCERPT:
The Prokhorov bounce: Norilsk Nickel and Polyus Gold prices recover
Friday, February 2nd 2007
Mikhail Prokhorov returned to his office at Norilsk Nickel headquarters on Monday, his spokesman proclaiming that his four-day detention by the French police on suspicion of pimping was a “regrettable misunderstanding”.

While that may very well be the case for the French, what Russian rivals of Prokhorov will now understand about the scandal could be regrettable in quite another way.

Eric Gleacher
EXCERPT:
Of note
At Morgan Stanley, Gleacher was involved in some of the biggest deals of the day. He advised Henry Kravis and KKR in its purchase of RJR Nabisco, helped defend Texaco from financier Carl Icahn, and advised Ron Perelman on his acquisition of Revlon. He keeps a much lower profile these days, but he's worked on a handful of big deals over the past few years. Gleacher Partners advised Ted Forstmann on his acquisition of talent agency International Management Group in 2004, Pepsico on its sale of its casual dining restaurant division, and United Defense Industries on its sale to BAE Systems for $4.2 billion. Gleacher isn't quite the center of attention he was during the 1980s, when he advising on just about every other hostile takeover, but like Bob Greenhill or Joe Perella (who both crossed paths with Gleacher at Morgan Stanley), he's a venerated advisor to many a CEO.

Hope Babette James Goodwins wife dies (Clinton friend)
EXCERPT:
Dr. Tang-Goodwin was a dedicated physician, devoted to the care of children and infants with HIV infection, patients sorely in need of her many talents. Her approach to medicine combined a boundless enthusiasm for her work, intellectual rigor and deep compassion for her patients.

Russian Roulette
EXCERPT:
Almost 40% of the shares in the offering were sold to a group of just four investors, including Nathaniel Rothschild, the London financier, and John Paulson, the American hedge-fund tycoon who made billions from the sub-prime mortgage crisis.

Polyus Gold
EXCERPT:
17:44 13/04/2010
Tycoon Prokhorov buys 51% stake in ailing media group for $80 mln
Prokhorov hopes to close deal to buy Kazakh gold miner in Sept.
Russia's top gold firm cleared for majority stake in KazakhGold

Russia's Polyus Gold offers to buy 50.1% of KazakhGold - paper
The Russian government commission on foreign investment approved on Tuesday a deal for the reverse takeover by Kazakh gold miner KazakhGold of its parent company Polyus Gold to boost stock liquidity.

The deal will formally turn KazakhGold into a parent company of Polyus, Russia's largest gold producer, which controls 50.1% of the Kazakh gold miner, head of the Russian anti-monopoly service Igor Artemyev said.

The deal will enable Polyus to enter international capital markets at a low cost through KazakhGold, which is already listed on the London Stock Exchange, experts say.

Polyus, which is controlled by two Russian tycoons Mikhail Prokhorov (29.9%) and Suleiman Kerimov (36.9%) posted net profits of 1.4 billion rubles ($48 million) in 2009.

KazakhGold asks to suspend Eurobond covenants over proposed Polyus Gold
EXCERPT:
Posted on: Tue, 06 Jul 2010 00:46:52 EDT

Symbols: OPYGY
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MOSCOW, Jul 05, 2010 (Asia Pulse Data Source via COMTEX) --
Kazakh gold miner KazakhGold has asked for covenants on $200 million to be suspended due to the proposed reverse takeover (RTS)

of its parent company Polyus Gold, Interfax reported.

On 30 June 2010, KazakhGold and Polyus Gold said a Proposed Combination, which, if completed, would result in the KazakhGold acquiring all or substantially all of the issued share capital of Polyus Gold. Following completion of the Proposed Combination, Polyus Gold will become a subsidiary of KazakhGold, and KazakhGold will be renamed "Polyus Gold International Limited," a leading international gold company with a single London listing.

KazkahGold said on July 2 that the purpose of the consent solicitation is to obtain the consent of Noteholders to waive certain existing breaches by the Issuer under the terms and conditions of the Notes; to waive pre-emptively certain breaches of the terms and conditions of the Notes that are expected to arise in connection with the Proposed Combination, and to waive pre-emptively any default or event of default that may arise as a result of any restructuring, redomiciliation or liquidation of the Issuer's subsidiary Romanshorn LC AG.

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