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Stock Market & Financial Investment News

News Breaks
May 27, 2014
10:07 EDTSRC, PFE, MFC, ARES, TRXC, QTNT, FRSH, GPT, AWH, SLF, SABR, OILT, BKW, AEGROn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Aegerion (AEGR) initiated with a Sell at Goldman... Allied World (AWH) initiated with a Buy at CRT Capital... Ares Management (ARES) initiated with a Buy at BofA/Merrill... Burger King (BKW) initiated with an Equal Weight at Morgan Stanley... Gramercy Property Trust (GPT) initiated with a Buy at BofA/Merrill... Manulife Financial (MFC) initiated with a Buy at Canaccord... Oiltanking Partners (OILT) initiated with a Market Perform at Wells Fargo... Papa Murphy's (FRSH) initiated with a Buy at Jefferies... Pfizer (PFE) reinstated with a Buy at Goldman... Quotient (QTNT) initiated with a Buy at UBS... Sabre (SABR) initiated with a Buy at BofA/Merrill... Spirit Realty (SRC) initiated with a Neutral at BofA/Merrill... Sun Life Financial (SLF) initiated with a Buy at Canaccord... TransEnterix (TRXC) initiated with an Outperform at RBC Capital.
News For AEGR;AWH;ARES;BKW;GPT;MFC;OILT;FRSH;PFE;SABR;QTNT;SRC;SLF;TRXC From The Last 14 Days
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November 13, 2014
16:07 EDTFRSHPapa Murphy's reports Q3 EPS 8c, consensus 7c
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07:38 EDTPFEBloomberg Link to hold a conference
The Year Ahead: 2015 is being held in Washington, D.C. with a pre-conference dinner on November 13 followed by company presentations on November 14,
05:57 EDTMFCManulife Financial reports Q3 EPS C$0.57 vs. C$0.54 last year
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November 12, 2014
15:29 EDTMFCNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Wal-Mart (WMT), consensus $1.12; Viacom (VIAB), consensus $1.68; Tyco (TYC), consensus 56c; Kohl's (KSS), consensus 74c; Helmerich & Payne (HP), consensus $1.67; Sally Beauty (SBH), consensus 40c; Manulife Financial (MFC), consensus 40c; TransDigm (TDG), consensus $2.02; MAXIMUS (MMS), consensus 52c.
11:17 EDTPFELeerink major pharma & biotech analysts hold analyst/industry conference call
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08:35 EDTOILTEnterprise Products, Oiltanking Partners enter into merger agreement
Enterprise Products Partners (EPD) and Oiltanking Partners (OILT) announced that Enterprise and Oiltanking Partners have entered into a merger agreement. Under the terms of the merger agreement, Oiltanking Partners would merge with a subsidiary of Enterprise in a unit-for-unit exchange. Unitholders of Oiltanking Partners would receive 1.3 Enterprise common units for each Oiltanking Partners common unit. This exchange ratio represents a 5.6 percent premium to Oiltanking Partners unitholders based on the respective closing prices for Enterprise and Oiltanking Partners common units on September 30, 2014, the day before the merger was originally proposed. Relative to the respective closing prices for Enterprise and Oiltanking Partners common units on November 10, 2014, the day before the parties entered into the merger agreement, the 1.3 exchange ratio represents a 10.4 percent premium to Oiltanking Partners unitholders. Based on the latest cash distribution declared by Enterprise and Oiltanking Partners with respect to the third quarter of 2014, this exchange ratio would result in a 74 percent increase in cash distributions for Oiltanking Partners unitholders. The approval and adoption of the merger agreement require approval by holders of a majority of the outstanding Oiltanking Partners common units. A subsidiary of Enterprise, which will own a sufficient number of Oiltanking Partners common units to approve the merger on behalf of all Oiltanking Partners unitholders, has executed a support agreement with Oiltanking Partners in which it has irrevocably agreed to consent to the merger. This subsidiary will own approximately 54.8 million Oiltanking Partners common units, or approximately 66 percent of the total Oiltanking Partners common units then outstanding, following the conversion of approximately 38.9 million Oiltanking Partners subordinated units into common units. The one-for-one conversion of these subordinated units into common units will occur on November 17, 2014, the business day immediately following payment of the Oiltanking Partners cash distribution scheduled to be paid on November 14, 2014. Approval and adoption of the merger agreement will be submitted to a vote of the unitholders of Oiltanking Partners. Upon completion of the merger, which is expected to occur in early 2015, the total consideration paid by Enterprise for the Oiltanking Partners general partner and related incentive distribution rights and the limited partner units would be approximately $6.0 billion. The merger terms were negotiated, reviewed and approved by the conflicts committee of the board of directors of the general partner of Oiltanking Partners and approved by the board of directors of the general partner of Oiltanking Partners.
08:34 EDTOILTEnterprise Products, Oiltanking Partners enter into merger agreement
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08:13 EDTAEGR, PFEBoston Biotech to hold a conference
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08:06 EDTARESAres Management reports Q3 economic EPS after tax 32c, consensus 33c
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08:02 EDTPFECredit Suisse to hold a conference
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November 11, 2014
15:43 EDTPFELeerink major pharma & biotech analysts hold analyst/industry conference call
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08:53 EDTAEGRAegerion says SEC issues request for information to specialty pharmacy entity
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08:06 EDTSABRSabre exploring strategic alternatives for lastminute.com
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08:04 EDTSABRSabre reports Q3 Travelocity adjusted revenue $89M
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08:03 EDTSABRSabre sees FY14 adjusted EPS 90c-96c, consensus 94c
Sees FY14 revenue $2.76B-$2.79B, consensus $3B; Sees FY14 adjusted EBITDA $848M-$863M. Sees FY14 Sabre excluding Travelocity revenue $2.58B-$2.60B; Sees FY14 Travelocity revenue $180M-$190M.
08:02 EDTSABRSabre reports Q3 adjusted EPS 26c, consensus 26c
Reports Q3 adjusted revenue $759.18M, consensus $762.94M; Reports Q3 Airline and Hospitality Solutions revenue up 14.3% to $209M.
November 10, 2014
16:33 EDTAWHAllied World to acquire Latin American Underwriters
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15:26 EDTSABRNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings DR Horton (DHI), consensus 48c; Sabre (SABR), consensus 26c; AECOM Technology (ACM), consensus 82c; CST Brands (CST), consensus 57c; Qiwi plc (QIWI), consensus 36c; INSYS Therapeutics (INSY), consensus 29c.
13:18 EDTGPTVanguard reports 10.12% passive stake in Gramercy Property Trust
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November 9, 2014
19:17 EDTBKWBurger King to open 12 locations in India, Reuters says
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