Key Syndicate Deals for Thanksgiving Week

Stock Tickers: AER, SPR, TM, INFY, NMXWe have a couple deals to watch for next week, but since it is Thanksgiving week you can expected everything to come Monday night for Tuesday trading.Most of the A-Team trading desks are vaceant either all of Wednesday ahead of thanksgiving or at least after the first hour. Friday is a joke of a trading day and to the best of my knowledge there has never been any syndicate deal “purposely” on that trading day in the US.Two IPO’s to watch are AerCap Holdings N.V. (AER) and Spirit Aerosystems (SPR).Aercap (AER)is a Dutch holder of aircrafts it leases out, and it sells and leases parts, engines, and services. This is an awaited IPO for US investors for what looks to be 26.1 million shares (about 2/3 being sold by insdiders) at a $22.00 to $24.00 range. This offering is led by Goldman Sachs, Lehman, Merrill Lynch and Morgan Stanley.Spirit erosystems (SPR) will also price Monday night. It has some 52 million shares coming at a range of $23.00 to $25.00. Spirit’s IPO is being led by Goldman Sachs, Morgan Stanley, and Credit Suisse. Spirit AeroSystems was created in 2005 when Canadian investment group Onex bought Boeing’s (BA) Wichita and Oklahoma assets in a $1.5 billion cash and debt transaction. Onex officials had said their plan was to take Spirit public within five years, but this is 1 year and some change as the market and economy accomodate now.We also have two secondaries to watch, and these are also set for Monday night. Toyota MOtors (TM) has a potential offering next week, but there has actually been very little buzz ahead of the deal so that may or may not be the case. Details on that will have to wait until Monday. Infosys Tech (INFY) out of India is supposedly having a $1.5 Billion share sale in the secondary market, although this has been approved since the start of November for up to 30 million ADR shares to be sold, which is supposedly to increase ownership of Infosys in the U.S.There are other deals on the books, but these are the important ones to watch. Stay tuned Monday and Tuesday.After slamming the crummy pricing job from the underwriters on the NYMEX (NMX) IPO this morning, I did manage in my rant to forget to at least congratulate the NYMEX seat holders. They all had 90,000 shares per NYMEX seat, so they just got to add a substantial amount to their “soon-to-be” liquid net worth.Jon C. OggNovember 17, 2006

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