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Stock Market & Financial Investment News

News Breaks
December 18, 2012
08:59 EDTSLB, VNDA, FDS, HAL, NLSN, SAFM, BHI, ARBOn The Fly: Pre-market Movers
HIGHER AFTER EARNINGS: Sanderson Farms (SAFM), up 1.5%... ALSO HIGHER: Vanda Pharmaceuticals (VNDA), up 27.6% after Tasimelteon met primary endpoint in trial... Arbitron (ARB), up 24.5% after agreeing to acquisition by Nielsen (NLSN) for $48 per share in cash. Nielsen shares also up 3%... LOWER AFTER EARNINGS: FactSet (FDS), down 3.5%... ALSO LOWER: Baker Hughes (BHI), down 3.6% after cutting forecast, citing weak North American drilling. Peer Halliburton (HAL) down 1.5% as well. Schlumberger (SLB) down 0.3%, has already issued its on Q4 EPS warning.
News For ARB;NLSN;VNDA;BHI;HAL;SLB;SAFM;FDS From The Last 14 Days
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November 17, 2014
06:47 EDTBHI, HALHalliburton to acquire Baker Hughes for $78.62 per share
Halliburton (HAL) and Baker Hughes (BHI) announced a definitive agreement under which Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction. The transaction is valued at $78.62 per Baker Hughes share, representing an equity value of $34.6B and enterprise value of $38B, based on Halliburtonís closing price on November 12, the day prior to public confirmation by Baker Hughes that it was in talks with Halliburton regarding a transaction. Upon the completion of the transaction, Baker Hughes stockholders will own approximately 36% of the combined company. The agreement has been unanimously approved by both companiesí boards. The transaction combines two highly complementary suites of products and services into a comprehensive offering to oil and natural gas customers. On a pro-forma basis the combined company had 2013 revenues of $51.8B, more than 136,000 employees and operations in more than 80 countries around the world.
06:45 EDTBHI, HALHalliburton, Baker Hughes reach agreement to combine
05:54 EDTBHIStocks with implied volatility movement; BHI CZR
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November 16, 2014
15:26 EDTHAL, BHIBaker Hughes, Halliburton differed on pace of deal discussions, WSJ says
Before going hostile, Halliburton (HAL) indicated it would raise its mid-October bid to buy Baker Hughes (BHI), says the Wall Street Journal. According to the Wall Street Journal report, Halliburton did not come through with an improved bid before Friday, a deadline to nominate directors to Baker Hughesís board for the companyís annual meeting in April. According to people familiar with the matter between Oct. 13, when Halliburton made its proposal to Baker Hughes, and this past Friday, Halliburton felt Baker Hughes wasnít engaging on the offer and Baker Hughes felt pressured by its rival to act quickly under a deadline, added the Wall Street Journal. Reference Link
November 15, 2014
08:21 EDTHAL, BHIBaker Hughes says Halliburton trying to replace entire board
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November 14, 2014
17:34 EDTBHIBaker Hughes down 2.5% to $58.41 following report that merger talks have stalled
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17:31 EDTHAL, BHIBaker Hughes, Halliburton merger talks said to stall, Bloomberg reports
A possible merger between Baker Hughes (BHI) and Halliburton (HAL) stalled due to the companies failing to agree on a price and divestiture concerns, Bloomberg reports, citing people with knowledge of the matter. Halliburton could make an unsolicited tender offer for Baker Hughes and nominate a number of directors to Baker's board instead of acquiring the company, three of the people added. Reference Link
17:27 EDTBHI, HALBaker Hughes, Halliburton merger talks said to stall, Bloomberg reports
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17:07 EDTHALSoros Fund Management gives quarterly update on stakes
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16:26 EDTBHI, HALNasdaq clear leader as major averages end week higher
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13:04 EDTBHIBaker Hughes reports U.S. rig count up 3 to 1928
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10:43 EDTHAL, BHIJefferies cautious on regulatory view of potential Baker Hughes-Halliburton deal
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10:25 EDTBHIOptions with increasing implied volatility: BHI DWA ZTS
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09:16 EDTBHI, HALOn The Fly: Pre-market Movers
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08:00 EDTBHI, HALHalliburton, Baker deal would face 'intense' DOJ scrutiny, says Jefferies
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07:27 EDTHAL, BHIHalliburton acquisition of Baker Hughes would make sense, says Wells Fargo
After Baker Hughes (BHI) confirmed that it was in talks about selling itself to Halliburton (HAL) , Wells Fargo thinks the deal would make sense strategically, and says that a deal could be made. The firm says the deal would benefit both companies, and could be accretive for Halliburton. Wells keeps an Outperform rating on Halliburton.
06:43 EDTNLSNViacom CEO: Nielsen's ratings haven't kept up with trends, NY Times says
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06:20 EDTBHI, SLB, HALCiti sees 10% accretion if Halliburton pays $66/share for Baker Hughes
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06:07 EDTSLBStocks with implied volatility movement; SLB WLT
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05:55 EDTHALStocks with implied volatility movement; AFSI HAL
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