mergers

30 Million light-years Away Hubble Sees Merging Galaxies

by NASA Goddard Photo and Video on Flickr.

This image, taken by the NASA/ESA Hubble Space Telescope, shows a peculiar galaxy known as NGC 1487, lying about 30 million light-years away in the southern constellation of Eridanus.

Rather than viewing it as a celestial object, it is actually better to think of this as an event. Here, we are witnessing two or more galaxies in the act of merging together to form a single new galaxy. Each galaxy has lost almost all traces of its original appearance, as stars and gas have been thrown by gravity in an elaborate cosmic whirl.

Unless one is very much bigger than the other, galaxies are always disrupted by the violence of the merging process. As a result, it is very difficult to determine precisely what the original galaxies looked like and, indeed, how many of them there were. In this case, it is possible that we are seeing the merger of several dwarf galaxies that were previously clumped together in a small group.

Although older yellow and red stars can be seen in the outer regions of the new galaxy, its appearance is dominated by large areas of bright blue stars, illuminating the patches of gas that gave them life. This burst of star formation may well have been triggered by the merger.

Image credit: ESA/Hubble & NASA, Acknowledgement: Judy Schmidt

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Top 10 Bizarre Galaxy Pairs From Hubble

“The Arp catalog illustrates galaxies in many different stages of a collision:

* prior to their first close pass,
* in the collision process,
* subsequent to an interaction but before merging,
* and in the final merger stages.

Unlike ellipticals, spirals are easily disturbed, often becoming destroyed entirely by such an interaction.”

When you take a glimpse into the deep Universe, beyond the gas, dust, stars and planets of our own galaxy, you enter the realm of the galaxies. In general, they come in two types: the spirals, with neat, orderly arms, and the ellipticals, with a symmetric, bulging shape. But for everything that exists in the Universe a particular way in general, there are exceptions. In the 1960s, astronomer Halton Arp became fascinated with these exceptions, creating a catalog of 338 examples: the Atlas of Peculiar Galaxies. We now know that most of these are galaxy pairs or triplets in the process of major mergers, displaying features such as tidal disruption, stellar bridges, starbursts and occasionally a rare, ring shape.

Hubble Views Merging Galaxies in Eridanus
External image










NASA - Hubble Space Telescope patch.

Feb. 5, 2016

External image

This image, taken by the NASA/ESA Hubble Space Telescope, shows a peculiar galaxy known as NGC 1487, lying about 30 million light-years away in the southern constellation of Eridanus.

Rather than viewing it as a celestial object, it is actually better to think of this as an event. Here, we are witnessing two or more galaxies in the act of merging together to form a single new galaxy. Each galaxy has lost almost all traces of its original appearance, as stars and gas have been thrown by gravity in an elaborate cosmic whirl.

Unless one is very much bigger than the other, galaxies are always disrupted by the violence of the merging process. As a result, it is very difficult to determine precisely what the original galaxies looked like and, indeed, how many of them there were. In this case, it is possible that we are seeing the merger of several dwarf galaxies that were previously clumped together in a small group.

Although older yellow and red stars can be seen in the outer regions of the new galaxy, its appearance is dominated by large areas of bright blue stars, illuminating the patches of gas that gave them life. This burst of star formation may well have been triggered by the merger.

Hubble and the sunrise over Earth
The Hubble Space Telescope is a project of international cooperation between NASA and the European Space Agency (ESA). NASA’s Goddard Space Flight Center in Greenbelt, Maryland, manages the telescope. The Space Telescope Science Institute (STScI) in Baltimore, Maryland, conducts Hubble science operations. STScI is operated for NASA by the Association of Universities for Research in Astronomy in Washington, D.C.

For images and more information about Hubble, visit:

    http://www.nasa.gov/hubble
    http://hubblesite.org/
    http://www.spacetelescope.org/

Image, Video, Credits: ESA/Hubble & NASA, Acknowledgement: Judy Schmidt/Text Credits: European Space Agency/ Ashley Morrow.

Best regards, Orbiter.ch
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Welcome to the world’s largest book publisher: Penguin-Random House merger complete

Random House parent company Bertelsmann and Penguin parent company Pearson announced Monday that the merger of the two publishers is complete, thus resulting in the world’s largest book publisher: Penguin Random House.

The merger follows approval by the U.S., Canada, the EU, Australia, New Zealand and China.

Random House CEO Markus Dohle will serve as CEO of Penguin Random House; Bertelsmann owns 53 percent of the combined company, and Penguin owns 47 percent. Combined, the companies publish over 15,000 books annually and have 10,000 employees, with revenues of $3.9 billion.

» via paidContent

blog.netflix.com
Netflix: The Case Against ISP Tolls

Netflix offers a technical take on why a “fast lane” for data is a bad strategy, and why the Comcast/TWC merger shouldn’t be allowed:

Comcast does not carry Netflix traffic over long distances. Netflix is itself shouldering the costs and performing the transport function for which it used to pay transit providers. Netflix connects to Comcast in locations all over the U.S., and has offered to connect in as many locations as Comcast desires. So Netflix is moving Netflix content long distances, not Comcast.

Nor does Comcast connect Netflix to other networks. In fact, Netflix can’t reach other networks via Comcast’s network. 

For all these reasons, Netflix directly interconnects with many ISPs here in the U.S. and internationally without any exchange of fees. 

In sum, Comcast is not charging Netflix for transit service. It is charging Netflix for access to its subscribers. Comcast also charges its subscribers for access to Internet content providers like Netflix. In this way, Comcast is double dipping by getting both its subscribers and Internet content providers to pay for access to each other. 

Side note: Here’s FCC Chairman Tom Wheeler rebuking critics of the commission’s proposed net neutrality strategy.

Arp 87: Merging Galaxies from Hubble : This dance is to the death. Along the way, as these two large galaxies duel, a cosmic bridge of stars, gas, and dust currently stretches over 75,000 light-years and joins them. The bridge itself is strong evidence that these two immense star systems have passed close to each other and experienced violent tides induced by mutual gravity. As further evidence, the face-on spiral galaxy on the right, also known as NGC 3808A, exhibits many young blue star clusters produced in a burst of star formation. The twisted edge-on spiral on the left seems to be wrapped in the material bridging the galaxies and surrounded by a curious polar ring. Together, the system is known as Arp 87 and morphologically classified, technically, as peculiar. While such interactions are drawn out over billions of years, repeated close passages should ultimately result in the death of one galaxy in the sense that only one galaxy will eventually result. Although this scenario does look peculiar, galactic mergers are thought to be common, with Arp 87 representing a stage in this inevitable process. The Arp 87 pair are about 300 million light-years distant toward the constellation Leo. The prominent edge-on spiral at the far left appears to be a more distant background galaxy and not involved in the on-going merger. via NASA

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EU mergers and takeovers (Oct 18)


APPROVALS AND WITHDRAWALS:N– Mitsubishi Corp to acquire a stake in Czech auto car body maker Sungwoo Hitech from South Korea’s Sungwoo Hitech Co Ltd (approved Oct. 17)– Private equity firm CVC Capital Partners to acquire a stake in international health club operator Virgin Active (approved Oct. 14)– A joint venture led by Gores Group LLC to acquire clothing retailer Mexx from Liz Claiborne Inc (approved Oct. 17)NEW LISTINGS:– Dutch conglomerate Philips Electronics NV to acquire lighting product company Indal (notified Oct. 17/deadline Nov. 23)EXTENSIONS AND OTHER CHANGES:– German sugar company Suedzucker to acquire a 25 percent stake in British commodities trading company ED&F Man (notified Sept. 19/deadline extended to Nov. 9 from Oct. 24 after Suedzucker offered commitments)FIRST-STAGE REVIEWS BY DEADLINEOCT 20– Dutch bank AEGON’s Spanish unit to acquire a 50 percent stake in Spanish life insurer Cajaburgos Vida, part of Banca Civica (notified Sept. 15/deadline Oct. 20/simplified)OCT 26– German property operator ECE and German retailer Metro to set up a joint venture (notified Sept. 21/deadline Oct. 26)– U.S.-based Seagate Technology to acquire Samsung Electronic’s hard disk drive business (notified April 19/deadline extended for the second time to Oct. 26 from Oct. 10)– U.S. equipment maker Caterpillar to acquire German maker of gas and diesel engine maker MWM Holding GmbH (notified March 14/deadline extended to Oct. 26 from Sept 16 after Commission opens in-depth investigation and despite commitments offered)OCT 28– U.S. company Dow Chemical and Japanese trading house Mitsui to set up a Brazilian joint venture (notified Sept. 23/deadline Oct. 28/simplified)– German conglomerate Siemens to acquire Dutch engineering company NEM Holding (notified Sept. 23/deadline Oct. 28)OCT 31– Vitol Investment Holdings, a unit of oil trader Vital , and U.S. energy company ArcLight to acquire joint control of Luxembourg-based Petro Lux (notified Sept. 26/deadline Oct. 31/simplified)NOV 3– Belgian building materials group Etex to acquire German peer Lafarge’s gypsum assets in Europe and South America (notified Sept. 27/deadline Nov. 3)– U.S. healthcare company Johnson & Johnson to acquire Swiss medical devices maker Synthes Inc (notified Sept. 27/deadline Nov. 3)– Private equity group TPG Capital LP to acquire a stake in Danish online brokerage Saxo Bank from Portugal’s Banco Espirito Santo (notified Sept. 27/deadline Nov. 3/simplified)NOV 7– Danish dairy coperative Arla Foods to acquire German dairy cooperative Allgauland (notified Sept. 15/deadline extended to Nov. 7 from Oct. 20 after Arla offered commitements)NOV 8– German fruit producer Agrana and Austrian equipment maker RWA to combined their subsidiaries into a joint venture (notified Sept. 30/deadline Nov. 8)NOV 10– U.S. cleaning and pest-control services company Ecolab to acquire water treatment services company Nalco Holding (notified Oct. 4/deadline Nov. 10)NOV 14– German industrial services company Buchen Industrieservice to acquire German technical services company ThyssenKrupp Xervon (notified Oct. 6/deadline Nov. 14/simplified)NOV 15– German natural gas supplier Verbundnetz Gas Aktiengesellschaft to sell a 25.1 percent stake in VNG Austria to CE Gas Marketing & Trading (notified Oct. 7/deadline Nov. 15/simplified)NOV 17– U.S. agribusiness company Cargill to acquire KoroFrance, the holding company of Dutch animal feed maker Provimi from private equity firm Permira (notified Oct. 11/deadline Nov. 17)– French company Caisse des Depots et Consignations to acquire 50 percent of a Paris real estate from a subsidiary of French insurer Axa (notified Oct. 11/deadline Nov. 17/simplified)– French power and transport engineering group Alstom and Bouygues subsidiaries Bouygues Immobilier and Exprim SAS to form a joint venture (notified Oct. 11/deadline Nov. 17/simplified)NOV 30– U.S. technology company Western Digital Corp to acquire Hitachi’s hard disk drive business (notified April 20/deadline extended for the fourth time to Nov. 30 from Nov. 9 after Western Digital offered remedies)– U.S. conglomerate General Electric, Russian energy producer and importer Inter Rao Ues and Russian engine maker United Engine Corporation to set up a joint venture (notified Sept. 30/deadline Nov 9/simplified)DEC 13– Deutsche Boerse and NYSE Euronext to merge (notified June 29/deadline extended to Dec. 13 from Aug. 4 after Commission opens in-depth probe)GUIDE TO EU MERGER PROCESSDEADLINES:The European Commission has 25 working days after a deal is filed for a first-stage review. It may extend that by 10 working days to 35 working days, to consider either a company’s proposed remedies or an EU member state’s request to handle the case.Most mergers win approval but occasionally the Commission opens a detailed second-stage investigation for up to 90 additional working days, which it may extend to 105 working days.SIMPLIFIED:Under the simplified procedure, the Commission announces the clearance of uncontroversial first-stage mergers without giving any reason for its decision. Cases may be reclassified as non-simplified – that is, ordinary first-stage reviews – until they are approved.


Justice Department attempts to block AT&T merger with T-Mobile
  • then A while back, AT&T announced it would attempt to purchase T-Mobile for $39 billion, in an attempt to shore up deficiencies in its wireless network. Other companies and consumer groups, most notably Sprint, loudly complained.
  • now Now the Justice Department’s trying to block the merger. “AT&T’s elimination of T-Mobile as an independent, low-priced rival would remove a significant competitive force from the market,” their complaint said. *BOOM.* source

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What Would Happen If a Black Hole and An Antimatter Black Hole Were to Collide?

We’ve discussed at great lengths what would happen if two black holes—objects so dense, nothing, not even light, can escape their pull—wandered too close and collided. Bar extreme outbursts and a bevy of gravitational waves, the merger itself wouldn’t be all that extraordinary from the outside. That, of course, relates to black holes that are made of the same stuff.

For the sake of argument, let’s say that only one of our supermassive black holes is composed of normal matter–the backbone of our physical world, and everything in it—and the other is made entirely of something else, like antimatter. Things would get interesting because matter and its antimatter counterpart—which are believed to have been thrust into the universe in almost equal proportions after the big bang—are pretty much opposites in every way.

And their feud will inevitably lead to mutually assured destruction, as not only do the two not get along, but they can’t even come in contact without destroying one another (and to think, many believe family reunions are awful).

So, if you combined one of the most complex objects in the universe with the antithesis of matter, what would happen? See: http://bit.ly/1Ir6Lko

(Image Credit: Unknown)

oann.com
Kraft and Heinz sales fall in final quarter before merger
(Reuters) - Kraft Heinz Co , the packaged food company formed by the merger of ketchup maker H.J.

Kraft merged with Heinz? I can’t believe I’m only just hearing about this. Kraft pulled in $18 billion in 2012 while Heinz had a revenue of $11.6 billion. This is a yet another huge merger flying under the radar. Pretty soon all food brands will just be owned by Wal-Mart, who makes up a full quarter of Kraft-Heinz business.

NASDAQ launches hostile bid for New York Stock Exchange

NASDAQ OMX CEO Bob Greifeld said: “The NYSE Euronext Board has continually challenged the seriousness of our proposal and refused to engage us in discussion despite the positive feedback we have received from their stockholders.  The commencement of this exchange offer should convince the NYSE Euronext Board of the seriousness of our intentions.  We continue to welcome the opportunity to enter into meaningful discussion with the NYSE Euronext Board in order to achieve a transaction that is in the best interests of their stockholders.”

http://www.nasdaq.com/deal/exchange-offer-5-2-11.pdf

M&A is on the Way!

At these levels, one would think it is only a matter of time before we start to see some headline grabbing M&A activity.  That said, companies are likely skid-dish here regardless of the attractive levels.  Let’s take a look at some of the basic pros & cons of M&A.

Pros

  • Valuations are extremely attractive as a result of the 17% drop in the S&P 500 since May 2, 2011 highs
  • Corporations are holding a record amount of cash on their books
  • As a result of the 2008 financial crisis, corporations are in some of their most efficient “lean & mean” states.  Near max productivity per employee, operating at low labor costs, etc
  • Borrowing costs are at historic lows

Cons

  • Commodity prices are still high, increasing costs of goods sold.  These prices can be hedged and/or passed through to the consumer, but the increased volatility in commodities prices is likely messing with corporate executives a bit.
  • Valuations are attractive, but there is still a ton of concerning global economic news hanging over corporate executives heads.
  • Political risk is a factor, and the uncertainty regarding the political landscape coupled with the 2012 presedential election around the corner has to be swaying corporations away from M&A interests for the time being.

Bottom Line: These valuations should alleviate some of the basic concerns displayed here.  That said, there are far more advanced items that execs must ponder on a case by case basis.  Regardless, we expect to see some big M&A activity in the very near future which in turn should bring some confidence back into this market.