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Stock Market & Financial Investment News

News For DISCA;EQIX;CTRX;WDC;LMCA;REGN;SBAC;ADI;VRSK;LBTYA From The Last 14 Days
Check below for free stories on DISCA;EQIX;CTRX;WDC;LMCA;REGN;SBAC;ADI;VRSK;LBTYA the last two weeks.
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June 18, 2013
11:52 EDTREGNStocks with call strike movement; REGN MU
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08:36 EDTREGNElan shares could be worh $19 in a buyout, says Jefferies
Jefferies raised its price target for shares of Elan (ELN) to $19 from $14, reflecting what it sees as the value of the company in a takeout scenario. The firm says Elan management suggested they would be open to sale in the $15-$20 per share range. Jefferies believes a high taxpaying suitor could pay the upper end of that range, and lists Allergan (AGN), Regeneron (REGN), Vertex (VRTX), Alexion (ALXN), Zoetis (ZTS), Mylan (MYL) and Perrigo (PRGO) as potential acquirers for Elan. Shares of Elan are up 13c to $13.62 in pre-market trading after Royalty Pharma announced that its buyout proposal for the company has expired.
07:12 EDTLBTYALiberty Global enters talks with Kabel Deutschland, WSJ reports
German cable operator Kabel Deutschland confirmed it received a proposal to be acquired by Liberty Global (LBTYA), potentially creating a bidding war with Vodafone (VOD), reports the Wall Street Journal.Reference Link
06:01 EDTLBTYAOn the Fly: Periodicals Wrap-Up
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June 17, 2013
17:49 EDTLBTYALiberty Global files prospectus for 14.39M class A shares
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15:02 EDTLBTYALiberty Global down 2% after report of bid for Kabel Deutschland
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14:43 EDTLBTYALiberty Global competing with Vodafone for Kabel Deutschland, FT says
Liberty Global (LBTYA) is bidding against Vodafone (VOD) for Kabel Deutschland and has tabled a potential offer that values the cable operator at about EUR7.5B, according to Financial Times, citing people familiar with the talks. Reference Link
11:57 EDTCTRXOptions with decreasing implied volatility: DMND LYV CTRX ULTA HRB
09:48 EDTLMCATime Warner Cable CEO rebuffed Charter deal, says Deutsche Bank
Deutsche Bank believes Time Warner Cable (TWC) CEO Glenn Britt has rebuffed Liberty Media (LMCA) CEO Greg Maffei's attempts to create a merger of equals among Charter (CHTR) and Time Warner Cable. Deutsche believes a potential deal between Time Warner Cable and Charter is tabled for the moment since Liberty Media Chairman Dr. Malone indicated last week that he was not interested in hostile takeovers.
June 16, 2013
19:59 EDTLMCALiberty Media and Time Warner Cable CEOs met, WSJ says
In the latest sign that Liberty Media (LMCA) may be interested in sparking consolidation in the cable sector, Liberty Media CEO Greg Maffei is said to have recently met with Time Warner Cable (TWC) CEO Glenn Britt to discuss the benefits of mergers in the cable industry, says the Wall Street Journal, citing people familiar with the matter. Reference Link
June 14, 2013
16:34 EDTLMCAOn The Fly: Closing Wrap
Stocks on Wall Street were lower after opening higher, but pulling back from its early levels following consumer confidence data that pulled back from recent six-year highs. The averages moved to their worst levels near mid-afternoon and closed off those levels, with the Dow logging the day's biggest losses. ECONOMIC EVENTS: In the U.S., the producer price index for May rose 0.5% from the prior month, versus expectations for a 0.1% month-over-month increase. Core PPI, which excludes the food and energy components, increased 0.1%, matching forecasts. The first quarter current account balance showed the deficit shrunk to $106.1B, versus consensus for the current account deficit to widen to $111.2B. May industrial production was flat, compared to expectations for it to grow 0.2%, while capacity utilization fell to 77.6% from the revised prior reading of 77.7%. The preliminary Reuters/University of Michigan consumer sentiment reading for June slipped to 82.7 from the prior 84.5 reading, where it had been forecast to hold steady. In Europe, employment in the euro zone currency bloc shrank 0.5% in the first three months of the year from the prior quarter, while the wider EU saw a 0.2% decline. EU consumer prices rose by 0.1% in May, putting the annual inflation rate at 1.4% compared to 1.2% in April, Eurostat said. COMPANY NEWS: Elan (ELN) shares gained $1.05, or 8.33%, to $13.66 after the company said it will explore a possible sale of the company "in light of the expressions of interest received to date." Royalty Pharma, which has been making a hostile takeover bid for the Irish drugmaker, was invited to participate in the process... Walter Energy (WLT) fell $2.56, or 17.43%, to $12.13 after a report by Forbes said the company withdrew a proposed $1.55B loan refinancing. The company later released a statement saying the proposed refinancing would not have raised additional capital and that the company has no material debt principal payments due until 2015. MAJOR MOVERS: Among the notable gainers was Restoration Hardware (RH), up $9.51, or 16.13%, to $68.47 after its quarterly results beat expectations and the company raised its fiscal year outlook. Also higher were shares of Charter Communications (CHTR), up $5.72, or 5.16%, to $116.61, and Time Warner Cable (TWC), up $7.78, or 8.09%, to $103.93 after CNBC's David Faber reported Liberty Media's (LMCA) CEO discussed a combination between Charter and Time Warner with Time Warner Cable's CEO. Among the noteworthy losers was Myriad Genetics (MYGN), down another $4.42, or 13.81%, or $27.59 the day after the Supreme Court ruled on gene patents. INDICES: The Dow was down 105.90, or 0.70%, to 15,070.18; the S&P was down 9.63, or 0.59%, to 1,626.73; the Nasdaq was down 21.81, or 0.63%, to 3,423.56.
14:26 EDTLMCACharter looking for acquisitions, overture made to Time Warner, CNBC says
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11:14 EDTCTRXOptions with decreasing implied volatility: SUPN CTRX NAV ULTA
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08:52 EDTLMCALiberty Media management to meet with Deutsche Bank
Meeting to be held in London on June 14 hosted by Deutsche Bank.
June 13, 2013
11:51 EDTCTRXOptions with decreasing implied volatility: NAV CTRX ULTA LAMR LYV
10:05 EDTDISCAOn The Fly: Analyst Initiation Summary
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08:47 EDTLMCALiberty Media management to meet with Deutsche Bank
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07:47 EDTWDCSeagate and Western Digital price targets raised at Brean Capital
Brean Capital raised its price targets on both Seagate (STX) and Western Digital (WDC) citing free cash flow and gross margin stability. The firm favors Western Digital based on valuation and potential for greater incremental catalysts and raised its price target to $85 from $65. Seagate price target was raised to $54 from $43. Both are Buy rated.
07:33 EDTLBTYAA Vodafone bid for Kabel Deutscland might run into Liberty Global, Reuters says
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06:40 EDTDISCACable companies looking to derail Intel broadcast bid, NY Times says
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