Stocks to Watch: Facebook, BMC Software, Apple
NEW YORK -- Facebook
The focus for investors in Facebook's report will be mobile advertising growth as the company transitions to advertising on handsets and tablets.
TheStreet will be live-blogging Facebook's earnings beginning at 3:45 p.m. EDT.
A private-equity group made up of Bain Capital and Golden Gate Capital has emerged as the lead contender to buy BMC Software
Bain and Golden Gate made a binding bid for the business software maker on April 22. The group offer more than a rival group of KKR & Co., TPG Capital and Thoma Bravo, the sources said.
One of the sources told Reuters the offers came in a range of $45 to $50 a share, valuing BMC Software at more than $6.5 billion.
BMC Software closed Tuesday at $45.58.
In the six-part offering, Apple sold debt with maturities starting in 2016 and ending in 2043, according to a regulatory filing. As part of the offering, the iPhone maker will be selling $5.5 billion worth of 10-year fixed debt, which will start trading at 75 basis points above comparable U.S. Treasury debt. Currently, the yield on a 10-year U.S. Treasury is 1.675%.
Apple will also sell $1 billion worth of three-year fixed rate notes, which will start trading at 5 basis points over the 3-month LIBOR rate.
Apple announced the debt offering as part of its massive capital return to shareholders when it reported earnings earlier this month.
An acquisition of Dailymotion -- the deal was valued at $300 million -- would have been the biggest deal in the 10-month tenure of Yahoo! CEO Marissa Mayer, Reuters said.
Wall Street expects Time Warner
-- Written by Joseph Woelfel
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