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Stock Market & Financial Investment News

News Breaks
May 28, 2014
10:00 EDTANDE, VNCE, TWTR, PTRY, LGCY, FORM, DWA, COP, AUXL, AZO, WSMOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Andersons (ANDE) upgraded at BMO Capital... AutoZone (AZO) upgraded to Buy from Hold at Gabelli... Auxilium (AUXL) upgraded at MKM Partner... ConocoPhillips (COP) upgraded to Buy from Neutral at Guggenheim... DreamWorks Animation (DWA) upgraded to Hold from Sell at Topeka... FormFactor (FORM) upgraded at B. Riley... Legacy Reserves (LGCY) upgraded to Top Pick from Outperform at RBC Capital... The Pantry (PTRY) upgraded to Outperform from Neutral at Macquarie... Twitter (TWTR) upgraded at Nomura... Vince Holding (VNCE) upgraded to Buy from Hold at KeyBanc... Williams-Sonoma (WSM) upgraded to Overweight from Neutral at Piper Jaffray.
News For ANDE;AZO;AUXL;COP;DWA;FORM;LGCY;PTRY;TWTR;VNCE;WSM From The Last 14 Days
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October 9, 2014
08:37 EDTAUXLEndo expects Auxilium acquisition immediately accretive post close
Endo (ENDP) says the deal will provided expected annual run rate synergies of up to $175M by the first year after closing versus Auxilium's (AUXL trailing 12-month actuals as of June 30. Says synergies include Auxilium's $75M reduction in annual operating expenses previously announced. Says the deal is expected to "significantly'" enhance Endo's branded pharmaceutical business with the addition of Auxilium's men's health products and development portfolio. Says the agreement is designed to "accelerate growth" and maximize value of Auxilium's products by leveraging strengths of combined company. Says combined company will be "well positioned" to drive organic growth for branded pharmaceutical business. Says deal creates a "strong" margin profile and an enhanced near-and long-term revenue growth profile. Comments taken from the company's slide presentation regarding its combination with Auxilium.
07:49 EDTAUXLEndo and Auxilium host a joint conference call
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07:30 EDTAUXLQLT Inc. says re-engaging assessment of options after Auxilium deal ended
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06:52 EDTAUXLQLT Inc. merger with Auxilium terminated for superior proposal from Endo
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06:32 EDTAUXLEndo to acquire Auxilium in cash, stock transaction for approximately $2.6B
Endo (ENDP) and Auxilium Pharmaceuticals (AUXL) announced that they have entered into a definitive agreement under which Endo will acquire all of the outstanding shares of common stock of Auxilium for a per share consideration of $33.25 in a cash and stock transaction. The boards of both companies have unanimously approved the transaction, which is valued at $2.6B, including the repayment and assumption of debt. The transaction will include an election mechanism for Auxilium stockholders to elect cash and stock, all-stock or all-cash consideration, subject to proration in accordance with the terms of the definitive agreement. The per share consideration represents a premium of 55% to Auxilium's closing price on September 16, the day Endo made public its proposal for Auxilium. Subject to aggregate cash and equity consideration limits, Auxilium stockholders may elect one of three options with respect to transaction consideration: 100% equity which equates to 0.488 Endo shares per Auxilium share, 100% cash which equates to $33.25 per Auxilium share or a standard election of an equal mix of $16.625 in cash and 0.244 Endo shares per Auxilium share. The total cash consideration will not exceed 50% of the total equity value and the equity consideration will not exceed 75% of the total equity value. The transaction is expected to close in 1H15 and is subject to the approval of Auxilium's stockholders, regulatory approval in the U.S. and certain other jurisdictions, and other customary closing conditions.
06:31 EDTAUXLEndo to acquire Auxilium in cash, stock transaction for approximately $2.6B
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October 8, 2014
20:03 EDTTWTRTwitter news head Vivian Schiller leaving company, Re/code reports
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13:27 EDTDWASoftBank no longer talking to DreamWorks, Buzzfeed reports
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11:01 EDTANDEAndersons acquires grain elevators and farm agronomy centers in Michigan
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09:38 EDTTWTRActive equity options trading on open
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09:01 EDTCOPConocoPhillips confirms start of oil production from offshore Malaysia facility
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06:00 EDTTWTRInstagram still most used social network for teens, says Piper Jaffray
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October 7, 2014
14:15 EDTTWTRTwitter files suit against DOJ, FBI over government surveillance
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10:47 EDTTWTRTwitter rallies after positive note, levels to watch
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09:36 EDTTWTRActive equity options trading on open
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08:32 EDTCOPConocoPhillips announces offshore Senegal oil discovery
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08:12 EDTPTRYThe Pantry sees FY14 SSS up 2.6%
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08:11 EDTPTRYThe Pantry sees Q4 SSS up 2.5%
Sees Q4 retail fuel margin per gallon approximately 13c, up from 10.7c in the prior year quarter. Comparable store retail fuel gallons sold is estimated to have declined approximately 2.5%.
07:23 EDTPTRYWells Fargo to hold a forum
2014 Convenience Store Forum is being held in Las Vegas on October 7-8.
05:51 EDTTWTRTwitter logged-off strategy could double sales by 2017, says Deutsche Bank
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