New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 6, 2012
10:02 EDTWDAY, PSMI, DVAX, CRUS, SMRT, MDLZ, FANG, ADT, ROST, KRFT, CAMPOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: ADT Corp. (ADT) initiated with an Outperform at Oppenheimer... CalAmp (CAMP) initiated with a Buy at Canaccord... Cirrus Logic (CRUS) initiated with a Buy at Capstone... Diamondback Energy (FANG) initiated with a Buy at Sterne Agee... Dynavax (DVAX) initiated with an Outperform at JMP Securities.... Kraft Foods (KRFT) initiated with a Buy at Canaccord... Mondelez (MDLZ) initiated with a Sell at Canaccord... Palo Alto (PANW) initiated with a Market Perform at FBR Capital... Peregrine (PSMI) initiated with a Buy at Canaccord... Ross Stores (ROST) initiated with a Neutral at Credit Suisse... Stein Mart (SMRT) initiated with an Outperform at Credit Suisse... Workday (WDAY) initiated with a Neutral at Goldman.
News For ADT;CRUS;CAMP;FANG;DVAX;KRFT;MDLZ;PSMI;ROST;SMRT;WDAY From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
March 25, 2015
08:40 EDTKRFTKraft Heinz Company outlines structure of the new board
Subscribe for More Information
08:25 EDTKRFT, MDLZMondelez volatility flat into H.J. Heinz Company and Kraft Foods merger
Subscribe for More Information
08:22 EDTMDLZ, KRFTBuffett says has looked at 'all the companies' in Kraft's space
Buffett was answering a question posed by CNBC's Becky Quick regarding whether Campbell Soup (CPB), Mondelez (MDLZ) or others could be targets for Berkshire (BRK.A) following its Heinz and Kraft (KRFT) deals.
08:13 EDTKRFT, MDLZKraft brands have a lot of potential to expand internationally, Buffett says
Subscribe for More Information
08:13 EDTKRFTBuffett says 'we look at everything' in terms of M&A targets
Subscribe for More Information
08:07 EDTKRFTBuffett says will hold about 320M shares of newly combined Kraft-Heinz
Subscribe for More Information
08:03 EDTKRFTBuffett says Kraft Foods deal 'in the works' for four weeks or so
Subscribe for More Information
07:28 EDTMDLZ, KRFTOptions expected to be active
Subscribe for More Information
06:19 EDTKRFTKraft Foods to host conference call
Subscribe for More Information
06:08 EDTKRFTKraft Foods, H.J. Heinz merge to form The Kraft Heinz Company
Privately held H.J. Heinz Company and publicly held Kraft Foods Group (KRFT) announced that they have entered into a definitive merger agreement to create The Kraft Heinz Company, forming the third largest food and beverage company in North America. Under the terms of the agreement, which has been unanimously approved by both Heinz and Kraft's boards, Kraft shareholders will own a 49% stake in the combined company, and current Heinz shareholders will own 51% on a fully diluted basis. Kraft shareholders will receive stock in the combined company and a special cash dividend of $16.50 per share. The aggregate special dividend payment of approximately $10B is being fully funded by an equity contribution by Berkshire Hathaway (BRK.A) and 3G Capital. The special cash dividend payment represents 27% of Kraft's closing price as of March 24. Together the new company will have eight $1B-plus brands and five brands between $500M-$1B. Warren Buffett, Chairman and CEO of Berkshire Hathaway said, "I am delighted to play a part in bringing these two winning companies and their iconic brands together. This is my kind of transaction, uniting two world-class organizations and delivering shareholder value. I'm excited by the opportunities for what this new combined organization will achieve." When the transaction closes, Alex Behring, Chairman of Heinz and the Managing Partner at 3G Capital, will become the Chairman of The Kraft Heinz Company. John Cahill, Kraft Chairman and CEO, will become Vice Chairman and chair of a newly formed operations and strategy committee of the board. Bernardo Hees, CEO of Heinz, will be appointed CEO of The Kraft Heinz Company. The Kraft Heinz Company will be co-headquartered in Pittsburgh and the Chicago area. The synergy potential includes an estimated $1.5B in annual cost savings implemented by the end of 2017. Synergies will come from the increased scale of the new organization, the sharing of best practices and cost reductions, the companies said. The transaction is expected to be EPS accretive by 2017. Once the transaction is complete, The Kraft Heinz Company plans to maintain Kraft's current dividend per share, which is expected to increase over time. Kraft has no plans to change its dividend prior to closing. The special cash dividend of $10B in the aggregate to existing Kraft shareholders will be paid upon closing and will be funded by an equity investment by Berkshire Hathaway and 3G Capital. Shares of the company will continue to be publicly traded. As the cash consideration is fully funded by common equity from Berkshire Hathaway and 3G Capital, the merger is not expected to increase the debt levels of The Kraft Heinz Company. The transaction is subject to approval by Kraft shareholders, receipt of regulatory approvals and other customary closing conditions and is expected to close in the second half of 2015. Lazard served as exclusive financial advisor for Heinz, and Centerview Partners served as exclusive financial advisor for Kraft.
06:02 EDTKRFTKraft Foods, H.J. Heinz announce definitive merger agreement
H.J. Heinz Company and Kraft Foods Group (KRFT) announced that they have entered into a definitive merger agreement to create The Kraft Heinz Company, forming the third largest food and beverage company in North America. Under the terms of the agreement, which has been unanimously approved by both Heinz and Kraft's boards, Kraft shareholders will own a 49% stake in the combined company, and current Heinz shareholders will own 51% on a fully diluted basis. Kraft shareholders will receive stock in the combined company and a special cash dividend of $16.50 per share. The aggregate special dividend payment of approximately $10B is being fully funded by an equity contribution by Berkshire Hathaway (BRK.A) and 3G Capital.
March 24, 2015
19:21 EDTKRFTKraft Foods up 15% after WSJ report that 3G Capital in talks to buy company
19:18 EDTKRFT3G Capital in talks to acquire Kraft Foods, WSJ reports
Subscribe for More Information
08:32 EDTROSTRoss Stores announces two-for-one stock split
Ross Stores reported that its board has approved a two-for-one stock split to be paid in the form of a 100% stock dividend on June 11, 2015 to stockholders of record as of April 22, 2015.
07:27 EDTSMRTTelsey Advisory to hold a conference
2015 Consumer Conference is being held in New York on March 24-25.
06:26 EDTKRFTKraft in talks with Academy of Nutrition over endorsement claims, WSJ says
Subscribe for More Information
March 23, 2015
10:00 EDTDVAXOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:40 EDTADTOppenheimer to hold a field trip
Subscribe for More Information
06:23 EDTDVAXDynavax upgraded to Overweight from Neutral at JPMorgan
JPMorgan upgraded Dynavax to Overweight saying it is now "significantly more comfortable" with the safety of the company's Heplisav vaccine for hepatitis B. The firm raised its price target for shares to $36 from $15.
March 18, 2015
07:29 EDTCAMPNorthland Capital Markets to hold a conference
Subscribe for More Information
1 | 2 | 3 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use