Life

Oil Extends Gains As Omicron Concerns Ease

Krispy Kreme Is Offering Dozen Doughnuts For Just $1

Doughnut and coffeehouse chain Krispy Kreme, Inc. (DNUT) is bringing back its popular “Day of the Dozens” promotion. On Sunday, December 12, Krispy Kreme is offering guests one dozen doughnuts for just $1 with the purchase of any dozen at regular price.

Krispy Kreme’s “Day of the Dozens” offer is limited to two per customer at participating shops across the U.S.

“Day of the Dozens has become a favorite holiday treat for Krispy Kreme fans because getting a second dozen for $1 means there is plenty to share with family and friends,” said Dave Skena, Chief Marketing Officer of Krispy Kreme.

The Day of the Dozens promotion will be available on all takeout, drive-thru, or in-person orders at participating locations. Also available at the time will be Krispy Kreme’s holiday-themed Let It Snow holiday collection.

Launched in late November, the Let It Snow collection allows fans to “experience the joy of the season with an assist from Santa and some snowy friends” via five new doughnuts – Poppy Penguin Doughnut, Snowman Smile Doughnut, Snowy Sprinkle Doughnut, Santa Belly Doughnut, and Chocolate Iced with Holiday Sprinkles Doughnut.

“There’s nothing like the season’s first snow to say the holiday season is here! This year, we’re tapping into the anticipation of wintry, holiday fun with our snowy holiday collection,” Skena said about the Let It Snow lineup.

Krispy Kreme’s Let It Snow collection is available for a limited time during the holiday season at participating shops across the U.S.

Gold Prices Ease As Dollar Firms Ahead Of Fed Meeting

Gold prices eased on Tuesday and the dollar held near one-week high versus a basket of major currencies, as investors fretted over the economic impact of the Omicron coronavirus variant and looked ahead to a series of central bank meetings this week for directional cues.

Spot gold slipped 0.1 percent to $1,784.43 per ounce, while U.S. gold futures were down 0.2 percent at $1,784.65.

The Federal Reserve begins its two-day meeting later in the day, with economists expecting the U.S. central bank to announce a faster tapering of its asset purchase program. It is widely expected that the Fed would bring forward the possible timing of the rate hike into 2022.

The monetary policy announcements from the European Central Bank, the Bank of Japan, the Bank of England and the Swiss National Bank are also due this week.

On the Covid-19 front, the United Kingdom reported the first death of a person infected with the Omicron variant, a day after Prime Minister Boris Johnson declared an “Omicron emergency” in the country.

New South Wales, the most-populous state of Australia, reported more than 800 cases, marking the highest new daily cases since October 2.

At least 20 listed companies have shut operations in virus-hit areas in Zhejiang, one of China’s biggest manufacturing hubs, as local authorities try to contain a Covid-19 outbreak.

Permira To Take Mimecast Private Approximately $5.8 Bln All-cash Deal – Quick Facts

Mimecast Ltd. (MIME), a leading email security and cyber resilience company, announced Tuesday that it has entered into a definitive agreement whereby funds advised by private equity firm Permira will acquire the company.

Under the terms of the agreement, Permira will acquire all outstanding ordinary shares of Mimecast for $80.00 per share in an all-cash transaction that values Mimecast at an equity value of approximately $5.8 billion.

The deal, which was approved and recommended by an independent Special Committee, and then approved by the Mimecast Board of Directors, will see Mimecast shareholders receive $80.00 in cash for each ordinary share they own.

The purchase price represents a premium of approximately 16% to Mimecast’s unaffected closing stock price on October 27, 2021, the last full trading day prior to reports on the company’s strategic review process.

The agreement includes a 30-day “go-shop” period expiring on January 6, 2022. Mimecast will have the right to terminate the agreement to enter into a superior proposal.

The transaction is expected to close in the first half of 2022, subject to customary closing conditions, including approval by Mimecast shareholders and receipt of regulatory approvals.

Upon completion of the transaction, Mimecast will become a privately held company and the ordinary shares of Mimecast will no longer be listed on any public market.

Oil Extends Gains As Omicron Concerns Ease

Oil prices rose on Tuesday to extend gains from the previous session as Omicron fears abated and Iran nuclear talks stalled, delaying the return of Iranian crude.

Brent crude futures for February delivery rose $1.77, or 2.4 percent, to $74.85 a barrel, after climbing as much as 4.6 percent in the previous session.

U.S. West Texas Intermediate crude futures for January settlement were up $1.90, or 2.7 percent, at $71.39.

Concerns about the impact of the Omicron coronavirus variant on global fuel demand eased after experts said the new variant, with more than 30 mutations on its spike protein, may not be as dangerous as the Delta and Alpha and other variants of coronavirus.

Easing worries about the Omicron variant helped lower the probability of the worst case scenario that the oil markets have been pricing in over the past couple of weeks.

A delay in the return of Iranian crude also supported prices after indirect U.S.-Iran nuclear talks hit roadblocks. Germany urged Iran on Monday to present realistic proposals in talks over its nuclear program.

In another sign of confidence in oil demand, data showed that China’s imports of crude oil rebounded in November from the previous month’s lows.