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February 7, 2013
05:55 EDTAOL, AOL, ETR, ETR, LH, LH, MCO, MCOCompanies reporting Before the Market Open on Friday, February 8
Notable companies reporting before the opening bell on Friday include AOL (AOL), Entergy (ETR), Laboratory Corporation of America Holdings (LH), and Moodys (MCO).
News For AOL;ETR;LH;MCO From The Last 14 Days
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September 26, 2014
12:20 EDTAOLAOL spikes higher after Starboard encourages combination with Yahoo
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12:17 EDTAOLAOL up 8.45%, Yahoo up 4% after talk of Yahoo-AOL combination
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12:15 EDTAOLStarboard believes Yahoo-AOL combination could offer synergies of up to $1B
In a letter to Yahoo, Starboard said, "Based on our analysis, we believe that a combination of Yahoo and AOL could offer synergies of up to $1 billion by significantly reducing the cost overlaps in their Display advertising businesses as well as synergies in corporate overhead. Importantly, we believe the combined entity would be able to more successfully navigate the ongoing industry changes, such as the growth of programmatic advertising and migration to mobile. In addition, we believe a combination could also lead to revenue growth opportunities given the broader user base, higher quality content, better technology assets, and enhanced relationships with advertising agencies. Interestingly, based on our research and the legal advice we have received on how to unlock the value of Yahoo's equity holdings, we believe a merger of AOL and Yahoo's core business may be one of the best ways to both fully seize the cost reduction opportunity and also to tax efficiently monetize Yahoo's non-core equity holdings. We trust the Board and management will do the right thing for shareholders, even if this may mean accepting AOL as the surviving entity in a combination, should that be the best and most tax efficient structure."
12:14 EDTAOLYahoo says exploring strategic combination with AOL, Reuters says
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12:13 EDTAOLStarboard urges Yahoo to explore combination with AOL
Starboard Value LP announced it has acquired a significant ownership stake in Yahoo!, and that it has delivered a letter to Marissa Mayer, President and CEO of Yahoo, and to Yahoo's Board of Directors. In the letter, Starboard said, "The purpose of this letter is to highlight several opportunities to unlock tremendous value for the benefit of all Yahoo shareholders. These opportunities include: 1) Unlocking the substantial value from Yahoo's non-core minority equity stakes in Alibaba (BABA) and Yahoo Japan in a structure that delivers value directly to Yahoo shareholders in a tax-efficient manner; 2) Realizing substantial cost efficiencies by reducing expenses throughout the Company, specifically with a goal of reducing losses in the Display business by between $250M-$500M; 3) Halting Yahoo's aggressive acquisition strategy which has resulted in $1.3 billion of capital spent since Q2 2012 while consolidated revenues have remained stagnant and EBITDA has materially decreased; and 4) Exploring a strategic combination with AOL (AOL) – a company we know well – which could improve Yahoo's competitive position, deliver cost synergies of up to $1B, and potentially facilitate the realization of value from Yahoo's non-core equity stakes with minimal tax leakage. We believe that the execution of these initiatives would produce tremendous value for shareholders, and are squarely within the control of the Company's management and board of directors. We look forward to engaging directly with you to discuss the details of how these actions can be implemented in a timely manner.
12:12 EDTAOLYahoo, AOL jump after Starboard recommends exploration of tie-up
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12:10 EDTAOLYahoo urged by Starboard Value to explore strategic combination with AOL
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10:09 EDTLHHigh option volume stocks
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September 25, 2014
09:13 EDTLHOn The Fly: Pre-market Movers
HIGHER: LipoScience (LPDX), up 63% after agreeing to be acquired by LabCorp (LH) for $5.25 per share in cash... Magnum Hunter (MHR), up 12.5% after announcing that throughput volumes on Eureka Hunter's gas gathering pipeline system have increased to about 316,500 MMBtu per day... Jabil Circuit (JBL), up 4.7% following its report of better than expected fourth EPS and revenue... (JD), up 0.7% after the stock was initiated with an Outperform rating at Macquarie. LOWER: Yahoo (YHOO), down 0.6% after RBC Capital downgraded its rating on the stock to Sector Perform from Outperform, saying the risk/reward is less attractive following Alibaba's (BABA) initial public offering... HB Fuller (FUL), down 15% after reporting quarterly results and guidance that missed analyst estimates... Omnova Solutions (OMN), down 10.8% after its Q3 adjusted EPS missed expectations... Pacira Pharmaceuticals (PCRX), down 9.2% after receiving an FDA warning letter over certain promotional materials on Exparel.
07:02 EDTLHLabCorp acquires LipoScience
LabCorp (LH) and LipoScience (LPDX) announced that they entered into a definitive merger agreement under which LabCorp would acquire LipoScience for a purchase price of $5.25 per share in cash, or a transaction value of $85.3M which represents a total enterprise value of approximately $63M. The Board of Directors of LipoScience has unanimously approved the agreement and recommended approval of the transaction by LipoScience’s stockholders. The transaction is subject to customary closing conditions including the expiration or early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and approval by LipoScience’s stockholders. The transaction is expected to close in Q4.
07:00 EDTLHLabCorp acquires LipoScience for $5.25 per share in cash
06:58 EDTLHLabCorp agrees to acquire LipoScience for $5.25 per share
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06:56 EDTLHLabCorp to acquire LipoScience for $5.25 per share in all cash transaction
06:56 EDTLHLabCorp agrees to acquire LipoScience for $5.25 per share
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September 23, 2014
07:23 EDTAOLYahoo could be buyer or target after Alibaba IPO, Re/code says
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07:02 EDTMCOMoody's to host investor day
Investor Day to be held on September 30 at 8 am. Webcast Link
September 18, 2014
15:10 EDTAOLAOL spikes higher in late session trading, levels to watch
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14:16 EDTAOLRumor: AOL moves up on renewed takeover chatter
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07:42 EDTMCOMoody's to hold a webcast
Steel Industry Outlook focuses on key drivers of the industry, steel and raw material price and profitability expectations in a webcast being held on September 18 at 10 am.
September 17, 2014
07:36 EDTETRWolfe Research to hold a conference
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