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Stock Market & Financial Investment News

News Breaks
November 29, 2012
09:27 EDTKKR, AAPAdvance Auto Parts sale unlikely, bids fail to meet expectations, Reuters says
According to sources, a sale of Advance Auto Parts is unlikely after private equity bids failed to meet company expectations, Reuters reports.
News For AAP;KKR From The Last 14 Days
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October 6, 2015
07:24 EDTKKRbloomberg to hold a summit
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September 30, 2015
08:06 EDTAAPStarboard acquires 3.7% ownership stake in Advance Auto Parts
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06:22 EDTAAPStarboard expected to disclose 3.7% stake in Advance Auto Parts, WSJ reports
Starboard Value is expected to announce that it has built up a 3.7% stake in Advance Auto Parts (AAP) at an investment conference in Toronto today, The Wall Street Journal reports. According to a presentation reviewed by the publication, Starboard has already met with Advance Auto's management and is urging the company to drive margins higher and improve operations. Starboard believes Advance Auto is lagging behind AutoZone (AZO) and O'Reilly Automotive (ORLY) in profit margins. Reference Link
September 25, 2015
16:43 EDTKKRKKR no longer holds stake in Smucker, lost right to designate board observer
On September 21, The J. M. Smucker Company (SJM) entered into an underwriting agreement, dated as of September 21, with Blue Holdings and Morgan Stanley with respect to a registered underwritten public offering of 8.28M shares of the company's common shares, to be sold by the selling shareholder. The common shares sold by the selling shareholder represent 100% of the ownership interests attributable to affiliates of Kohlberg Kravis Roberts (KKR). The secondary offering was completed on September 25. Upon completion of the secondary offering, KKR ceased to be the beneficial owner of any of the common shares and lost its right to designate a board observer.

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