Prince Alwaleed's Kingdom Ready to Shares Shares to Public, People Say

(Bloomberg) -- Saudi Prince Alwaleed bin Talal's
Kingdom Holding Co. plans to sell shares to individuals in an
initial public offering that values the company at as much as
$17.6 billion, two people with knowledge of the matter said.

Kingdom will sell shares for 10.25 riyals ($2.73) to 10.5
riyals each, after money managers sought more than twice the
stock offered to them, said the people, who declined to be
identified because the information is private. Shares in Kingdom,
set to become the country's fifth-largest publicly traded
company, will go on sale to Saudi individuals as soon as July 7.


Read more at Bloomberg Emerging Markets News

U.K. Natural Gas Rises on Forecast Above-Average Demand May Exceed Supply

(Bloomberg) -- U.K. natural gas for same-day
delivery rose as forecasts showed supply may fall short of
expected demand. The week-ahead price also increased.

U.K. gas for delivery today traded at 24.5 pence a therm,
up 4.5 percent from the last day-ahead price yesterday,
according to data from broker ICAP Plc. The price is equivalent
to $4.94 a million British thermal units. A therm is 100,000
Btus. Intraday gas traded last at 23.5 pence a therm yesterday.


Read more at Bloomberg Energy News

China Stocks Slide on Concern Over Interest Rates: World's Biggest Mover

(Bloomberg) -- China's stocks fell after the central
bank signaled it may raise interest rates and account openings at
brokerages grew at the slowest pace since March, suggesting the
flow of savings into equities will diminish. Shanghai Pudong
Development Bank Co. led the decline.

``Monetary policy may continue to rein in liquidity and the
market is more or less expecting it and reacting to it,'' said Wu
Jianxiong, an analyst at Guotai Junan Securities Co. in Shanghai.


Read more at Bloomberg Stocks News

Huntsman gets $27.25/share approach from Apollo

(Reuters) - Huntsman, whose products are used in paints, footwear and cleaning products, said on Wednesday that the new proposal was from Apollo's Hexion Specialty Chemicals Inc which has funding in place for its proposed acquisition.




Huntsman shares closed at $24.40 on Tuesday. U.S. markets are closed for a holiday on Wednesday.


Read more at Reuters.com Business News

GLOBAL MARKETS-Booming M&A lift world stocks to lifetime peaks

(Reuters) - The MSCI world equity index, a gauge for broader stock
market performance, rose 0.6 percent to a high of 406.5
. Takeover activity, a feature of the four-year
bull equity market, was booming in various sectors including the
hotel and food industries.




"There are still lots of stories going around about various
takeovers and potential takeovers. This is positive because you
are assuming that you are paying the premium for the stocks,"
said Neil Parker, market strategist at RBS Financial Markets.


Read more at Reuters.com Economic News

Carlyle affiliate begins trade at $20 per share

(Reuters) - On Tuesday, Carlyle Capital said it had placed 15.8 million
new shares at $19 per Class B stock. Shares traded up 2.6
percent at $19.50 by 0729 GMT.




Read more at Reuters.com Mergers News

U.K. Stocks Gain, Paced by InterContinental, Whitbread, Punch Taverns

(Bloomberg) -- U.K. stocks rose, paced by
InterContinental Hotels Group Plc, Whitbread Plc and Punch
Taverns Plc after U.S.-based Hilton Hotels Corp. agreed to be
taken private.

The benchmark FTSE 100 Index gained 15.70, or 0.2 percent,
to 6655.50 in London at 8:14 a.m. The FTSE All-Share Index added
5.08, or 0.2 percent, to 3432.37. Ireland's ISEQ Index rose 22.77
to 9389.53.


Read more at Bloomberg Stocks News