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Stock Market & Financial Investment News

News Breaks
July 25, 2014
10:02 EDTBPOP, OSTK, ISSI, PBR, NTRS, VRSN, PTEN, LOGI, DECK, FLS, CAB, IMAX, EIX, ABCB, GILOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ameris Bancorp (ABCB) upgraded to Buy from Hold at Sandler O'Neill... Cabela's (CAB) upgraded to Buy from Neutral at DA Davidson... Deckers Outdoor (DECK) upgraded to Buy from Hold at Jefferies... Edison International (EIX) upgraded to Buy from Hold at Argus... Flowserve (FLS) upgraded to Buy from Hold at Maxim... Gildan Activewear (GIL) upgraded to Outperform from Sector Perform at RBC Capital... IMAX (IMAX) upgraded to Buy from Hold at Benchmark Co.... Integrated Silicon (ISSI) upgraded to Buy from Hold at Feltl... Logitech (LOGI) upgraded to Neutral from Underweight at JPMorgan... Northern Trust (NTRS) upgraded to Neutral from Underweight at JPMorgan... Overstock.com (OSTK) upgraded to Buy from Neutral at B. Riley... Patterson-UTI Energy (PTEN) upgraded at CLSA... Petrobras (PBR) upgraded to Overweight from Equal Weight at Barclays... Popular (BPOP) upgraded at Guggenheim... VeriSign (VRSN) upgraded to Neutral from Sell at Citigroup.
News For ABCB;CAB;DECK;EIX;FLS;GIL;IMAX;ISSI;LOGI;NTRS;OSTK;PTEN;PBR;BPOP;VRSN From The Last 14 Days
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June 25, 2015
10:01 EDTISSIHigh option volume stocks
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08:20 EDTEIXEdison International weakness overdone, says SunTrust
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05:18 EDTISSICypress Semiconductor presents 'best and final offer' to Integrated Silicon
Cypress Semiconductor (CY) announced that it sent the following letter to the board of Integrated Silicon Solution (ISSI): "On behalf of Cypress Semiconductor, I hereby submit our best and final offer for Integrated Silicon Solution and attach a revised draft Agreement and Plan of Merger between ISSI and Cypress. Cypress is increasing its offer to acquire ISSI to a price of $22.60 per share, while maintaining its previously outlined ticking fee of 10c per share per quarter beginning October 1. Our strategic and financial analysis indicates this is the maximum price justified for ISSI in order for the deal to create long-term value for our shareholders. Again, we are prepared to put the Revised Definitive Merger Agreement reflecting our Revised Offer, signed by me to demonstrate our sincerity and strong commitment to closing this transaction, into escrow through our lawyers today. We strongly believe that our Revised Offer clearly represents a superior, risk-adjusted proposal to the transaction contemplated by the current Agreement and Plan of Merger with Uphill Investment... As we have noted previously, had we been included in your sale process, your shareholders would have reaped two significant benefits: a more time-efficient price-discovery process and the capture of a potential incremental 56c per share per quarter, which was instead misspent on an unnecessary breakup fee."
June 24, 2015
15:31 EDTEIXEdison International puts active as shares pullback
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07:31 EDTIMAXIMAX signs first agreement in Nigeria with Filmhouse Cinemas
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June 23, 2015
08:08 EDTISSIUphill increases price for ISSI acquisition to $23 per share
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07:34 EDTPTENGlobal Hunter Securities to hold a conference
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June 22, 2015
10:00 EDTCABOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Akebia (AKBA) initiated with an Outperform at JMP Securities... Barracuda Networks (CUDA) initiated with a Buy at Summit Research... BioLineRx (BLRX) initiated with an Outperform at JMP Securities... Cabela's (CAB) initiated with an Outperform at Barrington... Chemours (CC) initiated with a Buy at Jefferies... Communications Sales & Leasing (CSAL) initiated with an Overweight at JPMorgan... E.W. Scripps (SSP) initiated with a Hold at Evercore ISI... EQT Corporation (EQT) reinstated with an Overweight at Barclays... EQT GP (EQGP) initiated with an Outperform at Credit Suisse... EQT Midstream Partners (EQM) initiated with a Buy at Deutsche Bank... Eagle Pharmaceuticals (EGRX) initiated with an Outperform at RBC Capital... Energen (EGN) initiated with a Buy at KLR Group... Ignyta (RXDX) initiated with an Overweight at Piper Jaffray... International Game (IGT) initiated with a Buy at BofA/Merrill... Leju (LEJU) initiated with an Overweight at Barclays... Micron (MU) initiated with an Outperform at Cowen... People's Utah Bancorp (PUB) initiated with a Buy at DA Davidson... SouFun (SFUN) initiated with an Overweight at Barclays... Turquoise Hill (TRQ) initiated with an Outperform at BMO Capital.
08:17 EDTCABCabela's initiated with an Outperform at Barrington
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08:04 EDTISSICypress Semiconductor sends updated proposal to Integrated Silicon
Cypress Semiconductor (CY) sent an updated proposal to Integrated Silicon (ISSI). In the letter to the Executive Chairman of the Board of Integrated Silicon, Cypress said, "I trust that the ISSI Board of Directors now understands that Cypress Semiconductor places strategic, not just financial, value on the acquisition of ISSI. Of course, you have known of this strong and unwavering interest, given your personal dialogues with us over the last year. As we said in those meetings, we believe that the transaction would benefit not only ISSI shareholders, but also ISSI customers due to the increased breadth and strategic capabilities of the product offerings of the combined companies; for example, to provide and warranty all the memory types needed to implement an automotive embedded system. With that vision unchanged, Cypress is increasing its offer to acquire ISSI to $22.25 per share, while maintaining its previously outlined ticking fee of $0.10 per share per quarter beginning October 1, 2015. Additionally, Cypress will put into escrow through our lawyers today a merger agreement pre-negotiated with ISSI and signed by me to further demonstrate our sincerity and strong commitment to closing this transaction. This Cypress proposal is clearly superior to an Uphill proposal at the same price per share, given our inclusion of a ticking fee and our mitigation of regulatory risk."
June 19, 2015
08:05 EDTISSIUphill increases price for ISSI acquisition to $22 per share
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June 18, 2015
11:43 EDTISSIIntegrated Silicon to host special shareholder meeting
Special shareholder meeting to be held in Palo Alto on June 19 at 5 pm.
08:03 EDTISSICypress Semiconductor sends revised merger agremeent to Integrated Silicon
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05:31 EDTIMAXAMC Entertainment upgraded to Buy from Neutral at B. Riley
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June 17, 2015
20:03 EDTIMAXIMAX launches private theatre 'Palais' in China
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15:27 EDTISSIGlass Lewis recommends Integrated Silicon holders approve Uphill acquisition
Integrated Silicon Solution announced that the proxy advisory firm Glass Lewis has recommended that ISSI stockholders vote FOR the proposed acquisition of ISSI by Uphill Investment Co. and related matters at the Special Meeting of Stockholders to be held on June 19. The merger agreement between ISSI and Uphill dated as of March 12, as previously amended, provides for consideration of $21.00 per share in cash.
08:06 EDTISSIIntegrated Silicon announces ISS recommends in favor of Uphill transaction
Integrated Silicon Solution announced that the proxy advisory firm ISS has recommended that ISSI stockholders vote FOR the proposed acquisition of ISSI by Uphill Investment and related matters at the Special Meeting of Stockholders to be held on June 19, 2015. The merger agreement between ISSI and Uphill dated as of March 12, 2015, as previously amended, provides for consideration of $21.00 per share in cash. The ISSI board recommends that ISSI stockholders vote FOR the adoption of the merger agreement with Uphill.
June 16, 2015
16:08 EDTFLSFlowserve releases self-priming diaphragm pump for agricultural market
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07:41 EDTIMAXIMAX plans $300M Hong Kong IPO, WSJ reports
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05:37 EDTIMAXIMAX, China Media Capital establish China Film Fund
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