Business News & Financial News, Reuters, what is finance.#What #is #finance


Business

What is finance

German growth surprise lifts Europe as China subdues Asia

What is finance

Home Depot profit beats as hurricanes spur demand

What is finance

SoftBank says considering investment in Uber but no final agreement reached

What is finance

Shrinking GE rattles investors, shares hit 5-year low

What is finance

China’s foreign ownership cap change may stir interest in smaller banks: Fitch

Fed chief says policy guidance beneficial but must be conditional

Silicon Valley blasts Senate proposal to tax startup options

GE says plans new wind farms in Finland, Sweden

Tesco wins UK regulator’s provisional approval for Booker takeover

Kuwait airline in draft deal for 25 Airbus A320neo jets

Business Video

Softbank weighs up $10 bln investment in Uber

GE’s turnaround plan met with investor slap down

GE to focus on 3 businesses

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Reuters is the news and media division of Thomson Reuters. Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms.

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Business News & Financial News, Reuters, what is finance.#What #is #finance


Business

What is finance

German growth surprise lifts Europe as China subdues Asia

What is finance

Home Depot profit beats as hurricanes spur demand

What is finance

SoftBank says considering investment in Uber but no final agreement reached

What is finance

Shrinking GE rattles investors, shares hit 5-year low

What is finance

China’s foreign ownership cap change may stir interest in smaller banks: Fitch

Fed chief says policy guidance beneficial but must be conditional

Silicon Valley blasts Senate proposal to tax startup options

GE says plans new wind farms in Finland, Sweden

Tesco wins UK regulator’s provisional approval for Booker takeover

Kuwait airline in draft deal for 25 Airbus A320neo jets

Business Video

Softbank weighs up $10 bln investment in Uber

GE’s turnaround plan met with investor slap down

GE to focus on 3 businesses

MORE BUSINESS NEWS

SPONSORED STORIES

Reuters is the news and media division of Thomson Reuters. Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms.

*All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.


Department of Finance, what is finance.#What #is #finance


Browse Topics

What is finance

An independent review of the PGPA Act and the accompanying Public Governance, Performance and Accountability Rule 2014 (PGPA Rule) is currently underway, in accordance with section 112 of the Act. The review is being undertaken by Mr David Thodey AO and Ms Elizabeth Alexander AM.

  • New Travel Accommodation Arrangement

    The Department of Finance, on behalf of the Commonwealth, has reappointed AOT Hotels Ltd as the sole provider of accommodation program management services for the next three years, with options to extend for a further three years.

  • New Stationery and Office Supplies Panel

    The Department of Finance, on behalf of the Commonwealth, has appointed a new Stationery and Office Supplies Panel to provide savings through competitive pricing and conditions.

  • GrantConnect, the Commonwealth Government’s whole-of-government grant information system is now live.
  • Amended Commonwealth Procurement Rules to commence 1 March 2017
  • New Major Office Machines PanelWhat is finance
  • The Department of Finance, on behalf of the Commonwealth, has appointed a new Major Office Machines (MOMs) panel to provide more competitive purchase, lease and maintenance costs. Also see the MOMs webpage.
  • New Government Air Travel Services PanelWhat is finance

    The Department of Finance on behalf of the Commonwealth, has established a new panel to provide international and domestic air travel for the Australian Government.

  • 2016 Australian Government ICT Awards – Nominations now open

    Nominations are open now and will close 11.00 pm (AESDT) on Monday 29 February 2016. The Awards will be presented at the CeBIT Gala Dinner and Awards in Sydney on Tuesday 3 May 2016.

  • Discussion Paper – Shared and Common Services ProgrammeWhat is finance

    The Discussion Paper seeks the views of interested parties on the most effective and efficient way to consolidate shared and common service delivery in a manner that represents value for money to Government.

  • Latest Publications

    What is finance

    The Government tabled its response to the Committee’s Report on Tuesday 14 November 2017.

  • Australian Government Monthly Financial Statements September 2017 (27/10/2017)

    The underlying cash balance for the 2017-18 financial year to 30 September 2017 was a deficit of $17,285 million.

  • Department of Finance Annual Report 2016—17 (20/10/2017)

    The Department of Finance Annual Report 2016—17 has been released in both web and PDF formats.

  • Australian Government Monthly Financial Statements July and August 2017 (13/10/2017)

    The underlying cash balance for the 2017-18 financial year to 31 August 2017 was a deficit of $8,784 million.

  • Department of Finance Corporate Plan 2017-18 (31/08/2017)

    The Flipchart sets out the information Finance has on the status of Commonwealth entities and companies at a particular date.

  • Australian Government Monthly Financial Statements May 2017 (30/06/2017)

    The underlying cash balance for the 2016-17 financial year to 31 May 2017 was a deficit of $30,427 million.

  • Parliamentarians’ Reporting (22/06/2017)

    – Parliamentarians’ Expenditure – Period 1 July to 31 December 2016

    – Former Parliamentarians’ Expenditure – Period 1 July to 31 December 2016

    – Parliamentarians’ Certification Details – Period 1 July to 31 December 2016

    – Former Parliamentarians’ Certification Details – Period 1 July to 31 December 2016

    – Office Costs – Period 1 July to 31 December 2016

    The underlying cash balance for the 2016-17 financial year to 30 April 2017 was a deficit of $36,078 million.

  • Australian Government Monthly Financial Statements March 2017 (5/05/2017)

    The underlying cash balance for the 2016-17 financial year to 31 March 2017 was a deficit of $38,907 million.

  • Australian Government Monthly Financial Statements February 2017 (31/03/2017)

    The Finance Minister’s report on AFMs issued in 2015-16 was tabled in Parliament.

  • 2017-18 Portfolio Budget Statements guidance (16/03/2017)

    The underlying cash balance for the 2016-17 financial year to 31 January 2017 was a deficit of $44,029 million.

  • Senate Order 12 – Production of Departmental File Lists (14/02/2017)

    The underlying cash balance for the 2016-17 financial year to 31 December 2016 was a deficit of $33,025 million.

  • RMG 200 – Guide to the PGPA Act for accountable authorities(AAs)

    The guide to the PGPA Act for accountable authorities is now available. This guide provides a summary of responsibilities for AAs under the PGPA Act.

  • Commonwealth Consolidated Financial Statement 2015-2016

    The underlying cash balance for the 2015-16 financial year was a deficit of $43,583 million.

  • RMG 206 – Model accountable authority instructions (AAIs)

    Updated Model accountable authority instructions (AAIs) for corporate Commonwealth entities (CCEs) are now available. The Model AAIs have been streamlined and improved.

  • Australian Government ICT Trends Report 2015-16
  • 2016-17 Portfolio Additional Estimates Statements (14/12/2016)

    The 2016-17 Portfolio Additional Estimates Statements guidance was issued on 13 December 2016.

    • Australian Government Monthly Financial Statements October 2016 (25/10/2016)

      The underlying cash balance for the 2016-17 financial year to 31 October 2016 was a deficit of $24,548 million.


    Is PCP finance a good deal in the long-term? #scooters #on #finance


    #pcp finance

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    Is PCP finance a good deal in the long-term?

    The thousands of drivers who view the Personal Contract Purchase (PCP) as a cheap way of enjoying a new car for the foreseeable future could be in for a rude awakening.

    The PCP is credited with the boom in new car sales. The Finance Leasing Association says last year 74.2 per cent of new cars were sold to private owners using credit, the majority on PCPs. But some are warning new car sales could later suffer when people experience the reality of how they work.

    The PCP works by offering cars for a variable deposit at a monthly fee. At the end of the (usually) three-year period, customers either hand the car back, make a balloon payment and own the car outright, or put any equity they have in the car towards a new model. The last of these options is where problems can arise.

    Every car sold through a PCP has a guaranteed future value (GFV). This is a forecast of the car s value after depreciation. However, the problems come with where the GFV is set and how customers expectations are managed.

    Mark Norman, market analyst from CAP Automotive, said: We re seeing a lot of cars where the GFV is set very close to the actual value of the car. The problem comes when customers believe the value has been set to allow for equity in the car. The reality is there may not be any and the customer will have to find the deposit for its replacement from elsewhere.

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    What is factoring? #personal #finance #advice


    #factoring finance

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    What is factoring?

    Factoring . receivables factoring or debtor financing, is when a company buys a debt or invoice from another company. Factoring is also seen as a form of invoice discounting in many markets and is very similar but just within a different context. In this purchase, accounts receivable are discounted in order to allow the buyer to make a profit upon the settlement of the debt. Essentially factoring transfers the ownership of accounts to another party that then chases up the debt.

    Factoring therefore relieves the first party of a debt for less than the total amount providing them with working capital to continue trading, while the buyer, or factor, chases up the debt for the full amount and profits when it is paid. The factor is required to pay additional fees, typically a small percentage, once the debt has been settled. The factor may also offer a discount to the indebted party.

    Factoring is a very common method used by exporters to help accelerate their cash flow. The process enables the exporter to draw up to 80% of the sales invoice s value at the point of delivery of the goods and when the sales invoice is raised.

    Forfaiting (note the spelling) is the purchase of an exporter’s receivables the amount that the importer owes the exporter at a discount by paying cash. The purchaser of the receivables, or forfaiter . must now be paid by the importer to settle the debt. This is a common process used for speeding up the cash flow cycle and providing risk mitigation for the exporter on 100% of the debts value.

    As the receivables are usually guaranteed by the importer’s bank, the forfaiter frees the exporter from the risk of non-payment by the importer . When a forfaiter purchases the exporter s receivables directly from the exporter then it is referred to as a primary purchase. The receivables technically then become a form of debt instrument that can be sold on the secondary market as bills of exchange or promissory notes . this is known as a secondary purchase.

    What is.

    To help go into further detail of what trade finance is, we have split the definition up into the key sectors of the trade finance industry and the ones that we strive to cover. Please click on one of the buttons below.

    Free Trial


    Is it better to buy a computer on my credit card, or on credit from the computer store? Personal Finance – Money Stack Exchange #regional #finance


    #finance a computer

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    Since you have a credit card, I recommend you use it for the purchase.

    It gets you two things at the very least:

    Gets the purchases reported as credit utilization. If you handle that correctly, you can improve your score

    Most card vendors give free extended warranty and return policies that a retailer or manufacturer does not without extra fees.

    I buy all my electronics using my cards and not only does that optimize my scores but I have been able to enjoy painless/better RMAs for defective products just because my AmEx card would have refunded me the money anyways and the retailers knew it (AmEx would have recovered it from them in the end so it was in their interest to resolve the matter within 30 days)

    answered Mar 30 ’12 at 16:50

    As far as the money goes, it all comes down to the terms. What is going to cost you the least? Look for hidden fees and costs with the store credit. You will need to read the fine print of the credit agreement some automatically sign you up for a service that will cost you extra money every month.

    Compare what the costs are going to be over the term you will pay it off.

    A good calculator to help you figure this out is http://www.amortization-calc.com/ It is designed with larger loans but works for smaller loans too.

    Realize that you will have to add fees and finance charges into the total loan amount to get a good comparison.

    ** Unless you NEED a computer you should wait until you can afford to pay for it. Charging these types of expenses tends to lead down to a pit of debt that is hard to get out of. Wanting a computer really bad is not the same as a need.


    5 Reasons Why Finance is a Good Major – Online Finance Degree #jaguar #finance


    #finance major

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    5 Reasons Why Finance is a Good Major

    Finance is a field lush with great earning potential and rewarding career options in a wide range of industries. The field has seen large growth despite recent economic downturn, so it s a little more guaranteed than other fields. There are definitely more than five reasons why studying finance is a smart choice for potential students, but we ve compiled a list of the most pertinent reasons to help you decide which program of study is right for you! The reasons below touch on areas that are going to emphasize perks for the career-driven individual who is looking to implement exciting changes to their life in beneficial ways.

    1. Narrow Focus

    If you re interested in a business career then you have an array of college degree options such as business, accounting, or management. One great reason to become a finance major is because of it s more narrow focus, but it still allows you to explore a field that is dense with job opportunities.

    A finance degree allows you to work with the decision makers of outside organizations. Examples of these organizations include: banks, government agencies, stockholders, suppliers, businesses, and more. Being able to distinguish yourself with a finance degree will help you when searching for jobs, especially from a large number of business majors. As a finance degree is harder to attain, it s guaranteed to set you apart.

    2. Personality Driven

    Anyone can get a business degree or do accounting, but in order to be in a finance career you must be outgoing and inquisitive. Though you ll need to be good at mathematics, you also must be good and talking with people and making friendly conversation on a variety of subjects. Therefore education, intelligence, and personality are all taken into account for finance jobs. Additionally, you must be diplomatic and consider your organization s or client s goals, resources, and options when discussing their options for financial growth and well-being.

    3. Growing Job Prospects

    According to The Bureau of Labor Statistics. due to a growing range of financial products and the need for in-depth knowledge of geographic regions finance positions are growing faster than the average for employment in the United States.

    For example, careers in financial analysis are to grow by 23 percent, financial management by 14 percent, and financial advising by 32 percent. The opportunities will continue to present themselves as the economy continues to recover. As a with any major, it s important to keep a focus on what it s like in the job market upon graduation and it s very fortunate that things look promising for those in this major.

    4. Wide Variety of Job Opportunities

    As you can see above, finance careers are growing. This also means that the variety of careers opportunities are growing as well. With a finance degree you can work in:

    • Corporate management
    • International financial management
    • Investment services
    • Financial planning services
    • Personal financial planning for individuals and private organizations
    • Brokerage firms
    • Insurance companies
    • Commercial and investment banks
    • Credit unions and private banks

    As well as many other financial intermediary companies all employ finance graduates.

    5. Financially Rewarding Careers

    In addition to having a wide range of job opportunities, the jobs that present themselves to you will also be very rewarding from a salary standpoint. Salary information varies from job title and experience, but the following are a few baseline ideas of the average salary you can earn with a finance degree:

    The job market has underwent some large changes in the past decade, partly due to different technological innovations and partly because of the economy. Finance majors are placed into a very fortunate position that keeps options available to continue to grow unhindered from many circumstances that have impacted others.

    Featured Online Finance Programs

    MBA – Finance BA – Finance

    Ashford University For students wanting tradition, history, and a well-respected reputation, Ashford University is a popular choice for online programs. The school, located in San Diego, California, offers two degrees in finance: the MBA and BBA in Finance. While the MBA is more suited for students with degrees and experience, the BA program can help you start your career. Ashford University is accredited by the WASC Senior College and University Commission (WSCUC), 985 Atlantic Avenue, Suite 100, Alameda, CA 94501, 510-748-9001, wascsenior.org.

    MBA – Finance MS – Finance BSBA – Financial Analysis

    Kaplan University With over 70 campuses across the country, Kaplan University remains one of the largest and most popular schools for education, especially in the online realm. Their programs such as the MBA or MS in Finance take a results-oriented approach to education, not only teaching students the skills they need but how to utilize them as well.

    DBA – Finance MBA – Corporate Finance BSBA – Finance

    Walden University Walden University is one of the most recognized and trusted names in higher learning. Walden offers multiple finance degrees including a DBA. MBA. and BSBA. Each program is geared towards students at different points in their careers, but all of them can be completed entirely online with no on-site time required.

    DBA – Finance MBA – Finance

    Capella University Capella University in an online school based out of Minnesota with over 1,600 current online programs. The program selection encompasses graduate programs in finance and undergrad degrees like the BS in Finance. Capella may even apply previously earned credits towards your degree, shortening your length of study.


    What is Asset Finance? #calculator #car #finance


    #asset finance

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    Navigating asset finance

    Ask yourself the right questions

    Choosing the right type of asset finance can help save you time and money to invest in growing your business. You can also reduce the risk of owning obsolete equipment and there can be various tax outcomes too.

    Macquarie considers all manner of assets for finance. From vehicles for commercial and personal use to heavy machinery and shop fit-outs. We finance equipment such as furniture and technology for offices, medical institutions, retail shops, warehouses and factories.

    When considering asset finance options, ask yourself:

    • how much capital do I need to grow my business?
    • when do I need to smooth the bumps in my cash flow?
    • what are the tax outcomes of asset financing?
    • how long will I need the equipment and will I need to upgrade it?
    • is technology rapidly changing in my industry?
    • do I want to ‘finance to own’ or ‘finance to return’ my asset?

    Generally speaking, asset finance options include: Commercial Hire Purchases; Financial and Operating Leases; Chattel Mortgages; Novated Leases; and Technology Rentals. Each is suited to different commercial circumstances, so when considering your options, you may want to talk to your accountant or tax advisor. Below is an introduction to these main types of asset finance.

    Commercial Hire Purchase

    With this type of finance, you hire and use the asset until the last payment. When you make the final instalment, title of the asset transfers to you. You can tailor payment options, including the loan period, a deposit and a larger final balloon payment. To help manage your cash flow, structured payments can be established according to your cash flow .

    Chattel Mortgage

    Chattel Mortgages are a popular finance solution where you own the asset from the outset and your loan agreement is secured by the asset. You can tailor your loan payments by choosing the term typically up to five years. Other payment options can include a deposit and a larger final instalment. You can also structure payments to free up cash flow at the times of year you need it most.

    Finance Lease

    With a Finance Lease, the financier owns the asset however you bear the risk of disposal (of the asset) at the end of lease. This type of lease can benefit businesses that need the latest vehicles or equipment without tying up a large amount of capital. You can choose lease payments in advance or arrears and terms up to five years. A residual value is required in line with the asset s use and the Australian Taxation Office s guidelines.

    Novated Lease

    If you want to include a vehicle in your salary package, a Novated Lease can help. The financier owns the asset, while you and your employer sign a novation agreement to share the responsibilities of the loan. Typically loan terms are from 12 months to 5 years. Monthly lease payments and a final residual payment are based on your circumstances and guidelines set by the Australian Taxation Office. If you are interested in a Novated Lease, talk to your HR department for options.

    Operating Leases

    Operating Leases can often be used to fund a number of different assets. Payments towards this type of finance can sometimes be considered operating costs and will not appear as a liability on your balance sheet :

    You can reduce the risk of owning obsolete equipment.

    Fleet Operating Lease

    With this type of finance, the financier owns the vehicle and the client returns it at the end of the term, usually from 12 months to 5 years. When leasing a vehicle, the fixed monthly payments typically cover registration, insurance, tyres and scheduled servicing and maintenance. For a small business, a Fleet Operating Lease can help free up time and resources.

    Technology Rentals / Lease

    Technology can change quickly and often the large up-front costs of purchasing the latest equipment will make a big dent in your cash flow. Renting rather than owning technology can help reduce the risk of owning obsolete equipment while preserving cash to grow your business.

    Similar to a Fleet Lease, the financier owns the equipment and the client returns it at the end of the term, usually within 3 years. The term and payment frequency of rental agreements can often be adjusted to meet a company s budget and unique business requirements.

    There are a range of different forms of commercial loans and leases available in the market and these are governed by certain conditions and circumstances which may exclude you. We recommend that you talk to a financial adviser to see which solution is right for you.

    Information on Asset Finance products are prepared by Macquarie Leasing Pty Limited ABN 38 002 674 982 (Australian Credit Licence 394925) and Macquarie Equipment Rentals Pty Limited ABN 44 112 079 268 and does not take into account your objectives, financial situation or needs. Before making any financial investment decision or a decision about whether to acquire a financial, credit or lending product, a person should obtain and review the terms and conditions relating to that product and also seek independent financial, legal and taxation advice. All applications are subject to Macquarie s standard credit approval criteria. This information is intended for recipients in Australia only.

    Except for Macquarie Bank Limited ABN 46 008 583 542 AFSL and Australian Credit Licence 237502 (MBL), any Macquarie entity referred to on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Cth). That entity’s obligations do not represent deposits or other liabilities of MBL. MBL does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.


    What is Trade Finance? #cheap #finance


    #trade finance

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    What is Trade Finance?

    Trade Finance has been reviewing the global trade market since 1983. The remit of what we cover is somewhat broad, and as the market evolves to meet the requirements of financing global trade, so our content has changed.

    The following is a guide for those of you new to the market or those just looking for some clarification. The following sections have been written by our own editorial staff and include contributions from our internal trainers and other official sources.

    If there are any terms that you are unfamiliar with, please refer to ourGlossary. If you would like a free trial to Trade Finance, click HERE .

    What is trade finance?

    There are various definitions to be found online as to what trade finance is, and the choice of words used is interesting. It is described both as a science and as an imprecise term covering a number of different activities . As is the nature of these things, both are accurate. In one form it is quite a precise science managing the capital required for international trade to flow. Yet within this science there are a wide range of tools at the financiers disposal, all of which determine how cash, credit, investments and other assets can be utilised for trade.

    In its simplest form, an exporter requires an importer to prepay for goods shipped. The importer naturally wants to reduce risk by asking the exporter to document that the goods have been shipped. The importer s bank assists by providing a letter of credit to the exporter (or the exporter’s bank) providing for payment upon presentation of certain documents, such as a bill of lading . The exporter’s bank may make a loan to the exporter on the basis of the export contract. The type of document used in the process depends on the nature of the transaction and how evidence of performance can be shown (i.e. bill of lading to show shipment). It is useful to note that banks only deal with documents and not the actual goods, services or performance to which the documents may be relating to.

    Trade finance is used when financing is required by buyers and sellers to assist them with the trade cycle funding gap. Buyers and sellers also can also choose to use trade finance as a form of risk mitigation . For this to be effective the financier requires:

    – Control of the use of funds, control of the goods and the source of repayment

    – Visibility and monitoring over the trade cycle through the transaction

    – Security over the goods and receivables

    Trade finance helps settle the conflicting needs of the exporter and the importer. An exporter needs to mitigate the payment risk from the importer and it would be in their benefit to accelerate the receivables. On the other hand the importer wants to mitigate the supply risk from the exporter and it would be in their benefit to receive extended credit on their payment. The function of trade finance is to act as a third-party to remove the payment risk and the supply risk, whilst providing the exporter with accelerated receivables and the importer with extended credit.

    Trade finance is a large industry and covers many various sectors whereas the description above only explains traditional trade finance . To go into further detail about trade finance we have split up the definition into sectors of trade finance which we strive to cover.

    What is.

    To help go into further detail of what trade finance is, we have split the definition up into the key sectors of the trade finance industry and the ones that we strive to cover. Please click on one of the buttons below.

    Free Trial

    To request a free trial, please click on the button below.


    Why Is Emera Inc Acquiring TECO Energy, Inc #gmac #auto #finance


    #teco finance

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    Why Is Emera Inc Acquiring TECO Energy, Inc. (TE)?

    Emera Incorporated (OTCMKTS:EMRAF ) announced after close of trading on Friday that it has agreed to takeover TECO Energy (NYSE:TE ) by paying $6.5 billion in cash. The transaction has been agreed by the management of both companies. However, it is yet to be approved by the regulators, and shareholders of TECO energy. The transaction is expected to complete by mid-2016.

    The acquisition in monetary terms is the largest for the Canadian company, and would enable it to tap into the US utilities market. Emera would provide TECO s shareholders a premium of over 30% by paying them $27.55 per share as opposed to Friday s closing price of $21.08.The total value of the deal is $10.4 billion, with $3.9 billion for the debt and the remaining going to the shareholders. Following this development, the stock price of TECO Energy rose 23.4% or $4.93 to $26.

    TECO had said in July that the company is looking for strategic alternatives in the utility sector. With the announcement of the deal, the Canadian company s stake in the US markets would increase. The deal would further strengthen the balance sheet of Emera, as its assets would increase to $20 billion as compared to $7.92 billion at the end of 2QFY15 (second quarter of fiscal year 2015), ended June 30, 2015.

    According to Emera s CEO, the company has found a perfect match in TECO energy. The acquisition would make the majority of the company s assets to be located in Florida. Emera would also get an entry into the growing US utilities market. Florida was second biggest state in the US after Texas in terms of net electricity generated.

    The acquisition is expected to improve the earnings per share (EPS) after the operations in 2017. EPS is also expected to increase by more than 10% by 2019.

    Is The Deal Worth It?

    Investors have witnessed a trend of mergers and acquisitions (M A) furring in the worldwide utilities markets. Since the start of the year, M A activity in the utilities sector has increased by 20.7% year-over-year (YoY) to $92.9 billion and 309 deals have taken place globally. The acquisition also poses questions whether why the company is looking for such a deal and is it worth it?

    According to a statement by Emera Inc. operations of TECO are located in effective markets, which have a growing demand for housing. This could lead to significant customer growth for the company in the future. Furthermore, Emera Inc. believes the acquisition would lift the company into top 20 energy utilities in North America.

    The deal if made, would enable Emera Inc. to expand its scope in new geographic markets i.e. New Mexico and Florida, apart from its existent footprint in the North East. The transaction would further engage the company in the local natural gas distribution business.

    The company has also been wide history of mergers acquisitions (M A) in the past. The table below summarizes the company s history of M A for the past five years.

    Emera will close this deal by arranging a $6.5 billion bridge loan from Bank of Nova Scotia and JPMorgan Chase Co. The company intends to opt for a combination of equity sales and long-term debt for permanent financing of the deal. JPMorgan and Scotiabank acted as the lead advisor and financial advisor on the deal on behalf of Emera.