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News Breaks
April 1, 2014
10:00 EDTECA, BEAM, BGC, CLI, OAS, ALK, INVN, MX, CLH, POT, AREOn The Fly: Analyst Downgrade Summary
Alaska Air (ALK) downgraded to Equal Weight from Overweight at Evercore... Beam (BEAM) downgraded to Hold from Buy at Stifel... Clean Harbors (CLH) downgraded to Hold from Buy at KeyBanc... Oasis Petroleum (OAS) downgraded to Hold from Buy at Deutsche Bank... Encana (ECA) downgraded to Hold from Accumulate at Tudor Pickering... MagnaChip (MX) downgraded to Hold from Buy at Chardan... Mack-Cali Realty (CLI) downgraded to Hold from Buy at KeyBanc... Alexandria Real Estate (ARE) downgraded to Neutral from Buy at Citigroup... InvenSense (INVN) downgraded to Perform from Outperform at Oppenheimer... General Cable (BGC) downgraded to Neutral from Buy at DA Davidson... Potash (POT) downgraded to Hold from Buy at Cantor.
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September 3, 2015
13:23 EDTCLIMack-Cali Realty to hold an analyst and investor day
Analyst and Investor Day is being held in New York on September 10 at 11 am. Webcast Link
September 2, 2015
13:20 EDTALKAlaska Air reports combined August traffic up 7.0%
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August 31, 2015
16:24 EDTBGCGeneral Cable completes sale of Thailand operations
General Cable announced it has completed the sale of its Thailand operations to MM Logistics Co. Ltd. for cash consideration of approximately $88M. The closing of the sale of the Thailand operations is the first of a two-step closing process. The company expects the second closing to complete the sale of the remaining Asia Pacific operations including China, New Zealand and Australia to occur at the end of September, subject to customary closing conditions. Upon completion, the company expects to generate approximately $205M of cash proceeds from the sale of Thailand, China, New Zealand and Australia. Proceeds will be used to reduce outstanding borrowings and pay related fees and expenses.
16:09 EDTBGCLongbow to hold a conference
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09:43 EDTMXPleasant Lake proposes to acquired MagnaChip for $10 per share cash
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09:39 EDTALKBoyd Group International to hold a summit
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08:31 EDTCLHClean Harbors: Safety-Kleen revising used oil pricing policies
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August 25, 2015
06:03 EDTECAEncana agrees to sell Haynesville assets for $850M
Encana announced that its wholly-owned subsidiary, Encana Oil & Gas, has reached an agreement to sell its Haynesville natural gas assets, located in northern Louisiana, to GEP Haynesville, a joint venture formed by GeoSouthern Haynesville, LP and funds managed by GSO Capital Partners LP. Total cash consideration to Encana under the transaction is $850M. In addition, through the transfer of current and future obligations, Encana will reduce its gathering and midstream commitments, which will be substantially complete through 2020, by approximately $480M on an undiscounted basis. Further, Encana will transport and market GeoSouthern's Haynesville production on a fee for service basis for the next five years. Encana will use the total cash consideration to reduce its net debt, further strengthening its balance sheet. Consistent with its strategy, Encana remains focused on growing high margin production. Over 80% of 2015 capital will be invested in the company's four most strategic assets in the Permian, Eagle Ford, Duvernay and Montney. During the first half of 2015, Encana's Haynesville assets produced an average 217 mmcf/d, contributed approximately 9% to companywide production and less than 2.5% to Encana's first half operating cash flow, excluding hedges. The sale of Encana's Haynesville assets is subject to satisfaction of normal closing conditions, as well as regulatory approvals and post-closing adjustments, and is expected to close in Q4 with an effective date of January 1.

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