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Stock Market & Financial Investment News

News Breaks
July 3, 2014
09:56 EDTAERI, ERIC, PRXL, PE, STBZ, STLOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Aerie Pharmaceuticals (AERI) initiated with a Buy at Canaccord... Alliance Fiber Optic (AFOP) initiated with a Buy at Sidoti... Ericsson (ERIC) initiated with a Hold at Jefferies... PAREXEL (PRXL) initiated with a Hold at KeyBanc... Parsely Energy (PE) initiated with a Sector Perform at RBC Capital... State Bank Financial (STBZ) initiated with a Buy at Wunderlich... Sterling Bancorp (STL) initiated with an Outperform at Raymond James.
News For AERI;ERIC;PRXL;PE;STBZ;STL From The Last 14 Days
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August 25, 2014
16:11 EDTPEParsley Energy announces $252M acquisitions in Midland Basin
Parsley Energy announced it has entered into agreements in separate transactions with multiple sellers to acquire certain undeveloped acreage and producing oil and gas properties located adjacent to the company’s existing operating areas in Reagan County, TX for an approximate aggregate price of $252M. Highlights of the acquisitions include 157 net horizontal drilling locations across 5,472 net acres in Reagan County, average stimulated lateral of approximately 6,900 feet per acquired drilling location, contiguous bolt-on acreage enables conversion of 30 existing short lateral drilling locations to long lateral locations, and 140 net vertical 80 and 40-acre drilling locations and 140 net vertical 20-acre drilling locations. The acquisitions are scheduled to close on or before September 30. Parsley Energy intends to initiate well completions on the two uncompleted wells upon closing, with the first new wells to be spud in 1Q15. The company expects to fund the acquisitions entirely with cash-on-hand, and expects to have more than $500M of liquidity after the transactions close.
August 22, 2014
06:46 EDTERICEricsson contract with MTS upped to exceed $1.5B, Reuters says
Russia's MTS said that it had raised the value of its contract with Ericsson to exceed $1.5B, reported Reuters. MTS noted that it agreed to an extra $286M contract with the Swedish company for the broadening and modernization of its 2G, 3G and LTE networks throughout Russia. Reference Link
August 20, 2014
08:28 EDTSTBZState Bank Financial management to meet with BB&T
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05:20 EDTERICEricsson to upgrade Vodafone Australia network
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