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: Stock movers, and they're moving.
Speaker 1: Here's Lisa Miteo.
Speaker 3: All right, I have to start with Warner Brothers. We've
Speaker 3: been talking about it all morning long. Their shares WBD
Speaker 3: has been up as much as four percent. A lot
Speaker 3: of different news surrounding the bid offers from Netflix and Paramount.
Speaker 3: I want to start with Netflix. So the news from
Speaker 3: Netflix they refinanced part of a fifty nine billion bridge
Speaker 3: loan to support the potential acquisition of Warner Brothers. So
Speaker 3: if you look at the breakdown, this is, according to
Speaker 3: a filing, secured a five billion revolving credit facility two
Speaker 3: ten billion delayed draw term loans to finance part of
Speaker 3: that bridge facility it took out for the bid, and
Speaker 3: that leaves about thirty four billion for syndication. Netflix shares
Speaker 3: have been up a much as half a percent, and
Speaker 3: then you had Paramount's guidance came just after that, a
Speaker 3: lot of news this morning, more than three percent. They
Speaker 3: sweetened the bid for Warner Brothers Discovery. Right, it includes
Speaker 3: a personal financial guarantee by Oracle chairman Larry Ellison. Yes,
Speaker 3: the father of David Allison, Daddy stepping, and he's gonna
Speaker 3: personally guarantee forty point Bill. I said that it would
Speaker 3: be in the time equity financing. But this is what
Speaker 3: they were looking for. They were looking for that personal
Speaker 3: guarantee to hear from at LISTA and I'd have no
Speaker 3: clue what we're talking about other than she saw I
Speaker 3: have a tar.
Speaker 1: I didn't, Paul, what's it all mean.
Speaker 2: I think it means that the Ellison's they're putting their
Speaker 2: best foot forward here and they're really committed to getting
Speaker 2: this deal. So Netflix just ticks it up a couple
Speaker 2: of dollars.
Speaker 3: Is that the game?
Speaker 2: I think both are going to have to bring their
Speaker 2: bids up.
Speaker 1: Yeah.
Speaker 2: I think it's gonna get to that. Mary thinks that. Yeah. Well,
Speaker 2: of course, of course, and he knows what he's talking about, Marybelly,
Speaker 2: So we'll see. But I mean, this is a good
Speaker 2: step on the part of the paramount, and it was.
Speaker 3: The trust right, the trust with a.
Speaker 1: Big issue, yep.
Speaker 2: And he says, we will not revoke this trust. It's
Speaker 2: the stock is going to stay there and everything that well,
Speaker 2: I'm not sure everything, but a lot of things that
Speaker 2: Warner Brothers said was lacking in their bid they've tried
Speaker 2: to cure here. So there you go. All right, there's
Speaker 2: Warner Brothers. How about rocket Lab? All right?
Speaker 3: So rocket Lab RKLB.
Speaker 1: You know the stocks before the report? Oh yeah, I know,
Speaker 1: I know, I don't know them. Sure, emailers, step up.
Speaker 1: What's it called?
Speaker 2: Rocket Lab?
Speaker 3: Yes, Space Launch Technology Company? Yes, yes, yes, okay, So
Speaker 3: their shares are rocketing up as much as four percent.
Speaker 3: They actually dumped eighteen percent on Friday, close at a
Speaker 3: record high seventy dollars and fifty two cents. The reason
Speaker 3: why on Friday is because the US based Development Agency
Speaker 3: they said they awarded the company in agreement worth up
Speaker 3: to eight hundred and five million dollars. They're going to
Speaker 3: provide eighteen missile warning tracking defense satellites. Rocket Lab said
Speaker 3: the agreement was its biggest single contract to date. And
Speaker 3: then also came the news that had also successfully launched
Speaker 3: its twenty first electron rocket of the year. This is
Speaker 3: very science based, well above my big read. But yeah,
Speaker 3: their shares a and skyrocketing on this news, so apparently
Speaker 3: was a big deal. For them. So we go from
Speaker 3: Rocket Lab, we go to software fintech company Clearwater Analytics Holding.
Speaker 3: It's cw AN is their ticker. Their shares have been
Speaker 3: up as much as eight percent. They agreed to be
Speaker 3: acquired taking private by an investor group. It was led
Speaker 3: by Permira, also Warburg Pinkus. It's a deal worth eight
Speaker 3: point four billion dollars. So the breakdown. Shareholders of Clearwater
Speaker 3: they're going to receive twenty four dollars fifty five pence
Speaker 3: cents per share in cash under the terms. The deal
Speaker 3: price represents a premium about forty seven percent the firm's
Speaker 3: closing price November tenth. But it still needs approval. It
Speaker 3: needs approval from Clearwater shareholders, It needs clearance from regulators
Speaker 3: on top of that, and they expect to complete that
Speaker 3: in the first half of the year. So we'll see
Speaker 3: if that does happen or not.
Speaker 2: Okay, stuck, you have what I'll give you.
Speaker 3: I'll give you a few quickies. How about that? Okay?
Speaker 3: Marvel Technology is the chip maker bam okay rising two percent.
Speaker 3: City basically opened a positive catalyst watch on the company
Speaker 3: ahead of next month CEES conference. That conference huge, that's
Speaker 3: gonna be a big thing.
Speaker 1: That's a big one.
Speaker 3: Yes, that is definitely a big one.
Speaker 1: Road trip. I got some stories in there.
Speaker 2: Boy oh yeah, the Blagio, Oh my craft table late
Speaker 2: at night and yeah, good news.
Speaker 1: I went to the Bollaggio for breakfast months and it
Speaker 1: was like no fun. I charged it to Retto keepers pay.
Speaker 2: There was like one hundred and thirty dollars for breakfast
Speaker 2: to Volagio. Yep, absolutely, those are It's great. Nice Placeto.
Speaker 2: Keep them trips down on the table. That's good.
Speaker 3: I told him, next time I washed dishes, you got
Speaker 3: one more.
Speaker 1: Yeah.
Speaker 3: Since we've been talking about gold and silver, I just
Speaker 3: wanted to point out the miners like Newmont core miner. Yeah,
Speaker 3: they're up by four percent for for core mining, and
Speaker 3: a new month's up about two percent. So with all
Speaker 3: the news on commodities this.
Speaker 1: Week, you get the forty five dollars today.
Speaker 2: Silver just up one hundred fi today.
Speaker 1: This stock Mover's report from Bloomberg Radio. Check back with
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