In today’s briefing:
- Flight Centre Travel Group Placement – Still a Good Deal Despite Its Track Record
- Nucor Corp: Launch Of Elcyon & Other Developments
Flight Centre Travel Group Placement – Still a Good Deal Despite Its Track Record
- Flight Centre Travel (FLT AU) is looking to raise US$127m from a fully underwritten institutional placement.
- The proceeds will be used to acquire Luxury Travel Holdings (Scott Dunn), a UK-based luxury travel business.
- In this note, we will discuss deal dynamics, past deal performance, and share the scores on our ECM framework.
Nucor Corp: Launch Of Elcyon & Other Developments
- Nucor had a mediocre quarter as its earnings dropped compared to the previous two quarters due to reduced shipping volumes and metal margin contraction, particularly at the company’s plate and sheet mills.
- The startup and construction of the company’s Nucor Stell Brandenburg mill continue progressing incredibly great with respect to schedule, budget, and safety.
- Lastly, at the end of this quarter, the company announced the approval of the construction of the galvanizing line at its Nucor Steel Berkeley mill.
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