Plenty of news out there today to add a little excitement to the day.
As usual all the folks on the website are on top of the news—mostly found in the Readers Alert Section. You can always count on someone to be right on top of the news–crowd sourced I guess you could call it.
MLP Nustar (NS) is being bought by Sonoco LP (SUN) is a $7 billion deal. Nustar has a number of preferreds outstanding as well as a fixed to floating rate note. Most of the issues are trading down this morning as it appears they will be redeemed in the deal. The Sunoco press release is here.
Also B Riley (RILY) is making news again with continued short seller reports on irregularities in some of their deal making—which of course RILY continues to deny. As happens all of their baby bonds and common share are trading lower. A Bloomberg article is here.
Lastly is CHS going to merge with another cooperative? Here is an article from late last week.