>> THIS IS BLOOMBERG DAYBREAK: EUROPE. VERY GOOD MORNING TO YOU. LET'S SET YOUR AGENDA.AFTER TWO LONG YEARS OF WAR, DONALD TRUMP SAYS ISRAEL AND HAMAS HAVE AGREED TO TERMS THAT WOULD FREE ALL HOSTAGES IN GAZA. ISRAEL TO RETREAT AS PART OF THE PEACE PLAN. CHINA REOPENS FROM THE GOLDEN WEEK HOLIDAY.AI BOOM IN JAPAN. FRENCH PRESIDENT EMMANUEL MACRON SAYS HE WILL NAME A NEW PRIME MINISTER BY TOMORROW NIGHT AFTER AVOIDING SNAP ELECTIONS FOR NOW. WE BRING YOU LIVE COVERAGE AND REACTION THROUGHOUT THE HOUR.VERY GO ...

HSBC Holdings on Thursday said it was offering a 30% premium to buy just over the one-third of Hang Seng Bank it didn't already own. ...

HSBC said today it planned to privatise Hong Kong's Hang Seng Bank in a deal worth HK$106.1 billion ($13.63 billion) after its majority-held subsidiary has come under fire for its performance and exposure to faltering property markets in the city and mainland China.HSBC will offer HK$155 per share for the 36.5% of shares it does not already own, giving Hang Seng Bank a total valuation of $37 billion.Hang Seng Bank shares surged to as high as HK$168 in early trading before retreating to HK$150.3 by midday, u ...

Core Viewpoint - HSBC shares experienced a 6% decline in London after the announcement of plans to buy out minority shareholders in its majority-held Hang Seng Bank subsidiary for approximately $13.6 billion [1] Company Summary - HSBC's decision to acquire minority interests in Hang Seng Bank indicates a strategic move to consolidate its ownership and potentially enhance operational efficiency [1] - The deal is valued at around $13.6 billion, reflecting HSBC's commitment to strengthening its position in the Asian market [1] Market Reaction - The announcement led to a notable drop in HSBC's share price, falling 6% from near record levels, suggesting investor concerns regarding the financial implications of the acquisition [1]

HSBC‘s (HKG: 0005) (NYSE:HSBC) (LSE: HSBA) Hong Kong shares dropped over 7% on Thursday, after the European lender announced plans to privatize its majority-owned local unit, Hang Seng Bank (HKG: 0011), in a deal valued at HK$106.1 billion (about $13.63 billion).They were last down to HK$103 per share, as the bank said it would refrain from share buybacks in the coming three quarters in order to restore its capital ratio to its operating range.HSBC Offers HK$155 Per Share Amid Restructuring HSBC, which alre ...

Company Overview - HSBC's shares fell over 6% following a privatization bid for its Hong Kong-based subsidiary, Hang Seng Bank [1] - HSBC holds a 63% stake in Hang Seng and proposed to make it a wholly owned subsidiary, which would lead to its delisting from the Hong Kong Stock Exchange if approved [2] Market Impact - The privatization proposal negatively affected European banks, causing the sector to drop by 1.4% in opening trade [2] - The pan-European Stoxx index also edged lower by 0.15% at the market opening [1]

HSBC on Thursday proposed to take Hong Kong-listed Hang Seng Bank private for HK$155 per share, valuing the lender at about HK$290 billion ($37 billion). ...

Company and Industry Insights - Technology firms are experiencing significant growth, driven by substantial investments in AI, but concerns are rising regarding whether returns will match these investments, leading to warnings about potential overvaluation [2] - Oracle's recent disclosure highlighted slim margins in its AI cloud business, which includes server rentals using Nvidia chips, raising questions about the sustainability of the AI investment boom [3] - Tesla's stock dropped 4.5% following the reveal of its lower-priced Model 3/Y, which underwhelmed analysts, although third-quarter earnings are still expected to be strong [3] - Hang Seng Bank's shares surged over 26% on reports that HSBC plans to take the bank private, valuing the deal at approximately $37 billion, while HSBC's shares fell more than 6% [8]

WE HAVE TARGETED FUNDERS. THIS IS THE ASIA TRADE. I'M PAUL IN SYDNEY. I'M AVERILL IN SINGAPORE. PAUL: PRESIDENT TRUMP SAID ISRAEL AND HAMAS SIGNED OFF ON THE FIRST PHASE OF A PEACE PLAN IN. A DUTY SOCIAL POST, PRESIDENT TRUMP SAID ALL HOSTAGES WILL BE RELEASED SOON AND ISRAEL WILL WITHDRAW ITS TROOPS AN AGREED UPON LINE. LET'S GET MORE ON THIS STORY WITH MIKE. THIS JUST DROPPED A FEW MOMENTS AGO. WHAT DO WE KNOW? MIKE: IT'S BELIEVED TO BE 20 LIVING ISRAELI HOSTAGES, ISRAEL IS DRAW TO RELEASE 2,000 PALESTINI ...

Core Viewpoint - HSBC plans to take Hang Seng Bank private, valuing it at over HK$290 billion (over $37 billion), which has led to a significant increase in Hang Seng Bank's shares by 29.5% [1][2] Group 1: Privatization Proposal - HSBC has requested Hang Seng Bank's board to propose a privatization plan to shareholders under Hong Kong's Companies Ordinance [1] - The offer includes a cancellation of shares at HK$155 each, approximately 33% above the average share price of HK$116.5 over the past 30 days [2] Group 2: Strategic Intent - HSBC's Group Chief Executive, Georges Elhedery, emphasized the opportunity to grow both Hang Seng and HSBC while preserving Hang Seng's brand and investing in new strengths [3] - The deal reflects HSBC's confidence in Hong Kong as a global financial center and its role as a connector between international markets and mainland China [3] Group 3: Financial Implications - The deal values HSBC's stake in Hang Seng Bank at HK$106 billion, as HSBC owns around 63% of the bank [2] - The offer allows for adjustments based on any dividends declared after the announcement date, excluding Hang Seng's third interim dividend for 2025 [4] Group 4: Governance Perspective - Hang Seng Bank is a key regional unit for HSBC, with a significant presence in the Hong Kong banking sector [5] - Analysts view the move as positive for governance, addressing issues related to parent-subsidiary double listings [5]