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Stock Market & Financial Investment News

News Breaks
May 13, 2014
09:39 EDTHOT, AANAaron's reaches agreement with Vintage Capital Management
Aaron's (AAN) announced that it has reached an agreement with Vintage Capital Management, the company's second largest shareholder. Pursuant to the agreement, Aaron's will expand the size of its board from eight to ten directors. Brian Kahn, Managing Member of Vintage, has been appointed to the board, effective May 20, and included in the company's slate of director nominees for election at the 2014 Annual Meeting of Shareholders. In addition, within 30 days following the 2014 Annual Meeting, Matthew Avril, former President of the Hotel Group of Starwood Hotel (HOT) will be appointed to the board. Under the terms of the agreement, Vintage has agreed to vote its shares in support of all of the board's director nominees at the 2014 Annual Meeting. In addition, the board has formed a new Operational and Financial Advisory Committee that will provide input on matters related to Aaron's core business. The founding members of the Committee will be Ray Robinson, Ron Allen and Brian Kahn. Aaron's will also continue to review its corporate governance practices as well as work to explore opportunities, as appropriate, to reduce its operating expenses.
News For AAN;HOT From The Last 14 Days
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April 17, 2015
10:57 EDTHOTActivist rumored to push for InterContinental, Starwood merger, Betaville says
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07:23 EDTHOTStarwood has look of activist target, Bloomberg says
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April 16, 2015
06:08 EDTHOTStarwood to launch Tribute affiliated hotel group, WSJ reports
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April 14, 2015
06:08 EDTHOTStocks with implied volatility above IV index mean; GMCR HOT
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April 13, 2015
06:00 EDTHOTStocks with implied volatility above IV index mean; DDD HOT
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April 10, 2015
05:52 EDTHOTStocks with implied volatility above IV index mean; DDD HOT
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April 9, 2015
09:31 EDTHOTStarwood downgraded to Neutral from Buy at Cleveland Research
06:00 EDTHOTStarwood implied volatility of 40 at upper end of index
April 7, 2015
07:48 EDTHOTStarwood volatility elevated
Starwood April call option implied volatility is at 44, May is at 38, August is at 29; compared to its 26-week average of 24 according to Track Data, suggesting large near term price movement.

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