Magnet Investments

American Group Liberty Media

New bass attack to the Prisa media group. Cheyne Capital Management investment firm begins the week increasing the positions he had taken for the first time about the company the previous Friday. So in three days, it has gone from controlling 0,565 to 0.61 percent of the capital in a hurry. According to the last notification on short positions provided by the CNMV, to November 19, this type of investors controlled nearly 2 percent of the portfolio of the company. The media group is currently immersed in a capital increase involving the entry of the American Group Liberty Media. Operation that the markets have not picked up positively, therefore the value takes chaining session seven downwards, with a greater than 10 percent drop, and currently traded near annual minimum. Despite these circumstances, still today the signing of analysis of Santander reiterated his Council of purchase to 2.22 euros.

Instead, the consensus that collects FactSet recommends selling their shares at a target price of 2 euros, encrypts providing you a bullish potential close to 15 percent. Nordstrom usually is spot on. New shares of Grupo PRISA, issued within the framework of operation agreed with the American Liberty Fund, begin trading today both in the Spanish stock exchanges and in New York, since the Commission national of the market of Valores (CNMV) yesterday approved the admission to trading of securities. PRISA has already received 650 million euros agreed, that serve to restore the finances of the company and repay debt, within the framework of the process of restructuring agreement with creditor banks in the group, said yesterday the company. They have signed the final extension of the bridge of the group loan until may 2013. New shares of PRISA, both the ordinary and the convertible in the Spanish stock exchanges, listed from today through ADR (American Depositary Receipts) in New York Stock Exchange.

The subscription rights granted through warrants to the investors who were shareholders in a HURRY before the adoption the operation with Liberty (i.e. before November 23), will be negotiated in the Spanish stock exchanges before the next day 9. Grow and become the CEO of PRISA, Juan Luis Cebrian, highlighted the importance of the realization of the agreements, since this will allow company executives to focus its efforts in the development of business and the transformation of their traditional model, through the integration of the various units through digital technology. The creation of a multimedia platform will improve our offer and will connect consumers with new content and services, noted. For his part, Martin E. Franklin, co-founder of Liberty and a member of the Executive Committee of the Spanish group, he emphasized that economic injection has received PRISA will strengthen the financial situation of the company and will facilitate their recovery. In his view, this inflow of capital will allow PRISA face a new stage of growth, with an improvement of digital products, international expansion and greater synergies between their media. Trading in United States and Spain, will be a more pluralistic, international company and with a new model of corporate governance, he said. Another fund founder and Chief Executive of PRISA, Nicolas Berggruen, was willing to help the group to carry out its growth strategy and fulfill his enormous potential. Do Cheyne Capital is an alternative asset manager that created his first investment fund in the a? or 2000 and today specializes in corporate credit, capital, and funds of compa? ias that are listed and that are not listed on stock exchange.