When it comes to dramatic performances for Turkish stocks, few can rival Kipa’s track record in recent weeks. Since a proposal by its owner to delist the company before an eventual merger was blocked last month, Kipa Ticaret AS has surged 80 percent in Istanbul trading. That’s made it more valuable than parent Migros Ticaret AS and the market’s best-performing stock in the process. Analysts are baffled.
Investors may be betting that a merger with Migros would make Kipa’s stock far more valuable than the parent’s tender price, said Cemal Demirtas, an analyst at Ata Invest in Istanbul. “Earlier this year, in current price-to-book value terms, the valuation of Kipa was attractive, which fueled speculative buying. But that has gone too far now.” Kipa now trades at about five times book value, well above the level of three he regards as attractive.
The international investment banks -- including Bank of America Merrill Lynch, Deutsche Bank AG, Credit Suisse Group AG, Citigroup Inc., UBS Group AG, Morgan Stanley and JPMorgan & Chase Co. -- had initially been invited to pitch for the deal, according to a document seen by Bloomberg. Many of the nine local investment banks asked to submit proposals didn’t bid either by the Jan. 23 deadline, people familiar with the matter said last month.
Muck Rack makes it simple to find people, tweets, or articles that mention any name, keyword, company, hashtag etc. We've compiled this guide to help you make the most of your search.
Selecting a term
Start searching tweets, articles from media outlets, articles mentioned in tweets, journalists'
names, titles and bios with some suggested searches:
Companies or Topics (e.g. iPhone, Microsoft)
Phrases (e.g. "cloud computing") — use quotes to keep the terms together
Twitter handles (e.g. @username) — returns those who have mentioned or replied to
Names (e.g. "David Pogue")
Hashtags (e.g. #sxsw, #london2012)
Bio details (e.g. vegan, Olympics, father)
Muck Rack's Advanced Search allows for many boolean operators.
Find results that mention multiple specified terms, use AND or
+. For example, ensure each result contains both Elon Musk and Mark Zuckerberg by
searching Musk AND Zuckerberg or Musk + Zuckerberg.
Use the operators OR or , to broaden your search when you'd like either of
multiple terms to appear in results. (This is the default behavior of our search when no operators
are used). For example, results will contain either cake or cookie by searching cake OR cookie or cake,cookie
Use NOT or - to subtract results from your search. For
example, searching Disney will yield results about the Walt Disney Company as well as Walt Disney
World Resort. To exclude mentions of Disney World, search for Disney -World or Disney
When using one of these operators with a phrase, enclose it in quotation marks. For example, you can
find results about smartphones excluding Apple's iPhone 4S by searching smartphone -"iPhone
Exact case matching or punctuation
If you're searching for a brand name or keyword that relies on specific punctuation marks or capitalization, you can
find results that match your exact query by adding matchcase: before the keyword you're searching for, like matchcase:E*TRADE .
Use parentheses to separate multiple
boolean phrases. For example, to find journalists talking about having fun in Disney World or
Disneyland, search for ("disney world" OR disneyland) AND fun.
An asterisk can be used to search for any variation of a root word truncated by the asterisk. For example, searching for admin* will return results for administrator, administration, administer, administered, etc.
A near operator is an AND operator where you can control the distance between the words. You can vary the distance the near operation uses by adding a forward slash and number (between 0-99) such as strawberries NEAR/10 "whipped cream", which means the strawberries must exist within 10 words of "whipped cream".