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RSCI news 8/9
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smomtazi@rosemontcapital.com
DATE:
2012-08-09 17:39:30
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<CC496E12.255C%smomtazi@rosemontcapital.com>
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Devon Archer
<darcher@rosemontcapital.com>
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BUSCH ENTERTAINMENT Wall Street Journal 8/8 Theme Parks try to cater to 25-49 age range<http://online.wsj.com/article/SB10000872396390444226904577559643208896100.html> Jim Atchinson, chief executive of SeaWorld Parks & Entertainment, says that the adults-only audience "is a very important market to us and we want to make sure we're appealing to that group". Plastics Today 8/8 SeaWorld and Busch Gardens to eliminate plastic bags<http://www.plasticstoday.com/articles/SeaWorld-and-Busch-Gardens-Parks-eliminate-plastic-bags-0808201202> Park Gift shops will instead offer 100% recycled paper bags, and will offer reusable bags for sale. The move will eliminate about 4MM plastic bags a year. ENERGY FUTURE HOLDINGS Dallas News 8/7 Energy Future Holdings will terminate its employee pension plan<http://www.dallasnews.com/business/headlines/20120807-energy-future-holdings-to-terminate-employee-pension-plan.ece> The plans will be scrapped, and instead employees offered lump-sum payments or annuities. Businessweek 8/8 NRG sees reversal of Coal-to-Gas switch for Texas Power<http://www.businessweek.com/news/2012-08-08/nrg-sees-reversal-of-coal-to-gas-switch-for-texas-power> As gas prices rise in Texas, the transition from coal to gas in power plants seen in January is no longer being sustained. Dallas Morning News 8/9 Energy Future Holdings to issue $750MM more debt<http://bizbeatblog.dallasnews.com/2012/08/energy-future-holdings-to-issue-750-million-more-debt.html> In a filing with the SEC, EFH has said its units will issue $750MM more debt which will ultimately go into an escrow account, to be used for corporate purposes. FISKER Autospies 8/9 Chinese make major investment in A123<http://www.autospies.com/news/Chinese-Make-Major-Investment-In-High-Tech-Battery-Company-That-Supplies-Fisker-71950/> An investment of up to $450MM from the Chinese firm Wanxiang Group Corp. could see the firm own up to 80% of the company which supplies batteries for Fisker. HEALTHSCOPE Sonic Healthcare 8/2 Sonic Healthcare to acquire Healthscope Australian Pathology Businesses<http://www.sonichealthcare.com/media/73897/hsp%20acquisition.pdf> Sonic Healthcare's acquisition of the Healthscope Australian Pathoology businesses is anticipated to occur in September 2012. NORTHERN TIER ENERGY Northern Tier 8/9 Northern Tier reports Q2'2012 results<http://investors.ntenergy.com/phoenix.zhtml?c=251295&p=irol-newsArticle&ID=1724248&highlight=> Net income is $246.6MM compared to a Q2'2011 net loss of ($42.1MM). There will be a conference call today at 2pm ET (dial in: 800 446 2782, passcode 33012770), which will be streamed live on www.ntenergy.com. The replay will be available on the company's website until August 15, 2012. THE WEATHER CHANNEL AppPicker 8/8 The Weather Channel releases iPad app<http://www.apppicker.com/app-review/the-weather-channel-for-ipad-top-100-app-reviews/> The Weather Channel has released a new app for iPads. The Weather Channel 8/2 Weather Channel announces its partnership with the TV series 'Tipping Points'<http://press.weather.com/press-releases/the-weather-channel-travels-to-the-far-corners-of-the-earth-to-explore-the-world-s-tipping-points/> The Weather Channel is the global partner for the landmark television series which explores climate change. PRIVATE EQUITY Reuters 8/8 Private equity skeptical about tie up with Best Buy founder<http://www.reuters.com/article/2012/08/08/us-bestbuy-founder-deal-idUSBRE8771K220120808> Several private equity firms are skeptical about the impending buyout of Best Buy proposed by its founder, Richard Schulze. Private Equity Growth Capital Council 8/9 Private Equity activity rises in Q2 due to strong fundraising volume<http://www.pegcc.org/newsroom/press-releases/pe-index-private-equity-activity-rises-in-q2-due-to-strong-fundraising-volume/> U.S. PE fundraising volume increased by $22BN this quarter. Equity contributions were 37%. Investment deal volume fell 8%. Exit volume declined 10%. Wall Street Journal 8/8 Asia Private-Equity Investor Raises $1.52BN<http://blogs.wsj.com/dealjournalindia/2012/08/08/asia-private-equity-investor-raises-1-52-billion/?KEYWORDS=private+equity> Asia Alternatives Management LLC claims to have raised $1.52BN to invest in PE across Asia, creating a large new source of capital in the region at a time when funding is scarce.
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RSCI news 8/9
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