Zacks Equity Research Highlights Key Takeaways from Major Market News

Strategic Insights -

Simon Property Group Inc. has made a $3.6 billion acquisition offer for Capital Shopping Centers Group Plc, the largest shopping center operator in the U.K. The offer was disclosed when Capital Shopping announced an agreement to buy the Trafford Centre shopping mall for $1.2 billion in shares and bonds. The deal represents the highest price ever paid for a British retail property and will give Simon Property a strategic foothold in the U.K. market.

Monster Worldwide Inc saw a 9.61% surge in shares on November 24 as jobless claims in the US declined by 34,000 to 407,000. The company's acquisition of HotJobs from Yahoo! Inc. should strengthen its position in the online job market and global recruitment resources.

Constellation Energy Group Inc. received regulatory approval from the United States Bankruptcy Court for the Southern District of New York for its acquisition of the generation assets of Boston Generating LLC. The $1.1 billion transaction will make Constellation Energy one of the largest electricity generators in the New England region.

Key Takeaways:

  • Simon Property Group Inc. has made a $3.6 billion acquisition offer for Capital Shopping Centers Group Plc, the largest shopping center operator in the U.K.
  • The deal represents the highest price ever paid for a British retail property and will give Simon Property a strategic foothold in the U.K. market.
  • Monster Worldwide Inc saw a 9.61% surge in shares on November 24 as jobless claims in the US declined by 34,000 to 407,000.
  • The company's acquisition of HotJobs from Yahoo! Inc. should strengthen its position in the online job market and global recruitment resources.
  • Constellation Energy Group Inc. received regulatory approval from the United States Bankruptcy Court for the Southern District of New York for its acquisition of the generation assets of Boston Generating LLC.
  • The $1.1 billion transaction will make Constellation Energy one of the largest electricity generators in the New England region.
  • Simon Property currently has a Zacks #3 Rank translating into a short-term Hold rating and indicates that the stock is expected to perform in line with the overall U.S. equity market for the next 1-3 months.
  • Monster is expected to return to profitability in 2011 and has a Zacks Rank #2 as reported solid results for the third quarter and provided a strong outlook for the fourth quarter.
  • Constellation Energy manages and aggregates demand response capacity programs in New York, New England, the Mid-Atlantic states, California, Texas, and Ontario, Canada.
  • Constellation Energy is a leader in competitive electricity and natural gas supply in the U.S.

Statistics:

  • The $3.6 billion acquisition offer by Simon Property Group Inc. for Capital Shopping Centers Group Plc represents the highest price ever paid for a British retail property.
  • The deal will give Simon Property a strategic foothold in the U.K. market.
  • Monster Worldwide Inc saw a 9.61% surge in shares on November 24 as jobless claims in the US declined by 34,000 to 407,000.
  • The company's acquisition of HotJobs from Yahoo! Inc. will give Monster access to roughly 62% of the US Internet population (130 million).
  • The $1.1 billion transaction by Constellation Energy Group Inc. for the generation assets of Boston Generating LLC will make the company one of the largest electricity generators in the New England region.
  • Simon Property currently has assets in almost all retail distribution channels, making it the largest publicly traded retail real estate company in North America.

Sources:

  • Simon Property Group Inc. (NYSE: SPG)
  • Capital Shopping Centers Group Plc (CSCG.L)
  • Monster Worldwide Inc. (NYSE: MWW)
  • Yahoo! Inc. (Nasdaq: YHOO)
  • Constellation Energy Group Inc. (NYSE: CEG)
  • Zacks Equity Research