Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data.
Speaker 2: Let's take a look at some of the stocks on
Speaker 2: the move today. Paul Sunia alongside Alexis Christophers, and we're
Speaker 2: joined by Bloomberg's Smitte Alsa. What are you looking at all?
Speaker 3: Right? I gotta start with the big deal making news, right.
Speaker 3: Kimberly Clark agreed to about talent o' maker ken View.
Speaker 3: It's a deal worth about forty billion dollars. The company
Speaker 3: said the deal has an enterprise value about forty eight
Speaker 3: point seven billion. So you have Kimberly Clark ticker KMB,
Speaker 3: which owns up course, Kleenex, Huggies brands, things like that.
Speaker 3: Their shaws have been down as much as sixteen percent.
Speaker 3: Then we look at Kenview ticker KVUE. They include aside
Speaker 3: from the Thailand all they have nutrig and a lotion, Listerine,
Speaker 3: mouth washed, Bendadryl, band aids, all that kind of stuff
Speaker 3: up as much as nineteen percent. But the company's really been,
Speaker 3: i mean struggling since it's spun off from Johnson and Johnson,
Speaker 3: and they said the combination would allow Kimberly Clarks of
Speaker 3: the combination is going to allow us to surpass Unilever
Speaker 3: to become the second biggest seller of health and wellness products,
Speaker 3: right after Procter and Gamble. So this was some really
Speaker 3: really big news this morning. The only kind of issue
Speaker 3: is that the Trump administration's attacks on Tail and All,
Speaker 3: which is ken View's biggest product, so that could be
Speaker 3: an issue. But the the deal is currently.
Speaker 2: I've got out to Jen Ree, she does antitrust for
Speaker 2: Bloomberg Intelligence to see whether this single get approved. But
Speaker 2: of course the first thing I do anytime I see
Speaker 2: a big M and a trade, and this is a
Speaker 2: big M and a trade, M and a go who's
Speaker 2: getting paid here? Kimberly Clark being advised by JP Morgan
Speaker 2: and PJT Partners. PGT Partners is Paul Tauman's firm, great firm,
Speaker 2: he's an ex Morgan Stanley guy. And Kenvy is being
Speaker 2: advised by Centerview Partners. That's Blair Efron. He's a great
Speaker 2: banker in Goldman Sachs. So everybody's getting there and lots
Speaker 2: of bank lots of lawyers as well. Very true but
Speaker 2: the snock and pre market Kimberly Clark down about fifteen
Speaker 2: percent right now, So yeah, you use some stock in there,
Speaker 2: so it's going to be diluted. And when I see
Speaker 2: a move like this at down fifteen percent for the buyer,
Speaker 2: it says the market's telling me they overpaid. We'll see.
Speaker 2: We can talk to the Kimberly Clark analyst and the
Speaker 2: Bloomberg Intelligence program coming up later.
Speaker 3: All right, excellent Australian company. Iron I want to get
Speaker 3: to them here. I took your ire in. Their shares
Speaker 3: have been up as much as twenty two percent. The
Speaker 3: reason for this. Microsoft apparently signed an approximately nine point
Speaker 3: seven billion dollars deal to purchase AI cloud capacity from
Speaker 3: the company, and that's making it its largest customer. It's
Speaker 3: also one of the largest deals yet in the AI
Speaker 3: infrastructure sector, so this is pretty big. It's a five
Speaker 3: year agreement and what it includes a twenty percent prepayment.
Speaker 3: It's going to give Microsoft access to Nvidia accelerator systems
Speaker 3: and Texas for those AI workloads. And that site over
Speaker 3: in Texas is going to have these liquid cool data centers.
Speaker 3: It supports up to two hundred megawatts of IT load.
Speaker 3: I guess that's a lot a lot of the megawats.
Speaker 3: But Iron also partner with Dell to purchase the GPU's
Speaker 3: related equipment for about five point eight billion dollars. So
Speaker 3: a lot going on in the AI space this morning.
Speaker 3: Because if I look at the next one cipher mining
Speaker 3: at Sticker CifR, their shares have risen as much as
Speaker 3: twenty one percent. They reported yes adjustable earnings per year
Speaker 3: in the third quarter of that beat. But the big
Speaker 3: news is that it's signed a five and a half
Speaker 3: billion dollar, fifteen year lease agreement with Amazon Web Services.
Speaker 3: They're going to provide space power AI workloads, so they
Speaker 3: operate industrial scale data centers. We're talking about cipher and
Speaker 3: they're a big player in the crypto space, but now
Speaker 3: they're going to have they're having this growing role in
Speaker 3: the AI market. All these deals we've been talking about
Speaker 3: in the need for AI to power those data centers.
Speaker 3: They're going to deliver air liquid cooling to the racks.
Speaker 3: Capacity going to be delivered in two phases, so you
Speaker 3: can expect to begin in July twenty twenty six and
Speaker 3: then complete in the fourth quarter of twenty twenty six.
Speaker 3: But a lot of AI news rounding a lot of
Speaker 3: these the time.
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