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Stock Market & Financial Investment News

News Breaks
March 28, 2014
10:06 EDTHYGS, AVGO, MNDL, MCO, VRX, SYRG, ISSI, CFX, ARP, ORCL, EPE, CRZO, ATLS, MHFI, CXP, BBGOn The Fly: Analyst Initiation Summary
Atlas Energy (ATLS) initiated with a Buy at Deutsche Bank... Atlas Resource Partners (ARP) initiated with a Hold at Deutsche Bank... Bill Barrett (BBG) initiated with a Neutral at Mizuho... Carrizo Oil & Gas (CRZO) initiated with a Buy at Mizuho... Colfax (CFX) initiated with a Neutral at Longbow... Columbia Property Trust (CXP) initiated with a Market Perform at JMP Securities... EP Energy (EPE) initiated with a Neutral at Mizuho... Integrated Silicon (ISSI) initiated with a Buy at B. Riley... McGraw Hill Financial (MHFI) initiated with a Buy at Janney Capital... Oracle (ORCL) initiated with a Buy at Cantor... Synergy Resources (SYRG) initiated with an Outperform at Imperial Capital... Valeant (VRX) initiated with a Buy at Cantor... Mandalay Digital (MNDL) initiated with a Buy at Craig-Hallum... Hydrogenics (HYGS) initiated with a Buy at Ascendiant... Moody's (MCO) initiated with a Neutral at Janney Capital... Avago (AVGO) initiated with an Outperform at Pacific Crest.
News For ATLS;ARP;BBG;CRZO;CFX;CXP;EPE;ISSI;MHFI;ORCL;SYRG;VRX;MNDL;HYGS;MCO;AVGO From The Last 14 Days
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November 17, 2014
07:36 EDTMHFIMcGraw Hill Financial upgraded to Buy from Hold at Benchmark Co.
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07:16 EDTCRZOTopeka to hold a bus tour
Houston Bus Tour travels throughout Houston, Texas on November 17-18.
06:05 EDTVRXActavis close to buying Allergan for over $64B, Bloomberg reports
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November 16, 2014
14:02 EDTVRXAllergan, Actavis move closer to deal, WSJ reports
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November 14, 2014
11:05 EDTSYRGSynergy Resources management to meet with Roth Capital
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09:38 EDTVRXJANA Partners gives quarterly update on stakes
NEW STAKES: AMD (AMD), AECOM Technology (ACM), Alibaba (BABA), McDonald's (MCD), Amgen (AMGN), Gaming and Leisure Properties (GLPI), Iron Mountain (IRM), iRobot (IRBT), Seadrill Partners (SDLP), Valeant (VRX). INCREASED STAKES: eBay (EBAY), Charter (CHTR), Groupon (GRPN), HD Supply (HDS), Hertz (HTZ). DECREASED STAKES: Apache (APA). LIQUIDATED STAKES: CBS (CBS), Endo (ENDP), FMC Corporation (FMC), SeaWorld (SEAS), SunEdison (SUNE).
06:12 EDTORCLSAP to pay Oracle $359M to settle legal battle, WSJ reports
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November 13, 2014
16:13 EDTMNDLMandalay Digital to acquire Appia
Mandalay Digital Group announced it has entered into a definitive merger agreement to acquire Appia. Under the terms of the agreement, Mandalay Digital will issue at closing a number of shares and stock options to purchase its common stock equivalent to $100M less Appia's net debt and transaction expenses, at an agreed-upon value for Mandalay Digital common stock of $4.50 per common share. Based on an estimate of Appia's net debt at closing, including transaction fees and expenses, Appia stockholders would receive in the aggregate approximately 19M shares, representing pro forma ownership of the combined company of approximately 33%. Mandalay Digital is acquiring Appia's equity for $65M based on its closing stock price as of November 12 of $3.40. Mandalay Digital will assume approximately $10M of Appia indebtedness, which Mandalay expects to refinance. The transaction, which has been approved by the boards of directors of Mandalay Digital and Appia, is subject to Mandalay Digital stockholder and other customary approvals, and is expected to close in 1Q15. Mandalay Digital, which operates through its Digital Turbine subsidiary, intends to change its name to Digital Turbine during the month of January 2015 or at the transaction's close if earlier. Appia had unaudited revenues of $30M for the twelve months ended September 30. The combined company has the opportunity to achieve up to $14M in revenue synergies during the fiscal year ending March 31, 2016 and thereafter, predicated on Mandalay's achievement of its internal strategic standalone forecast. Mandalay Digital has also identified approximately $2M in potential annual cost synergies from overlapping campaign management and CPI-infrastructure functions, as well as duplicative corporate headcount. Mandalay Digital expects to achieve gross profit, EBITDA and cash flow growth from the realization of these revenue and cost synergies in FY16 and thereafter.
16:09 EDTMNDLMandalay Digital reports Q2 EPS (14c), consensus (11c)
Reports Q2 revenue $5.5M, consensus $6.98M.
12:26 EDTCFXKoch Industries reports new Colfax stake in quarterly filing
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12:20 EDTCFXKoch Industries reports new 870K share stake in Colfax
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11:48 EDTSYRGSynergy Resources management to meet with Roth Capital
Meeting to be held in San Diego on November 13 hosted by Roth Capital.
09:33 EDTVRXZoetis could get bought by Bayer for $53/share, says Jefferies
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07:23 EDTVRXValeant wooing doctors ahead of hoped for Allergan acquisition, WSJ says
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07:12 EDTORCLOracle to hold a meeting
2014 OAGi Plenary Meeting is being held in Redwood City, California on November 13-14.
November 12, 2014
14:08 EDTMNDLIntel reports 427.7K share position in Rocket Fuel
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11:43 EDTMNDLColumbus Capital reports 5.51% passive stake in Mandalay Digital
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10:09 EDTVRXActavis in talks to buy Allergan for over $200 per share, Bloomberg says
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09:36 EDTMCOInformation Management Network to hold a symposium
Private Label RMBS Reform Symposium is being held in New York on November 12.
06:22 EDTVRXZoetis price target raised to $49 from $44 at Citigroup
Citigroup raised its price target for Zoetis (ZTS) shares to $49 after activist Pershing Square confirmed the accumulation of a 10% stake in the company. Citi thinks Pershing is interested in advocating for a sale of Zoetis, potentially to Valeant (VRX) if its bid for Allergan (AGN) fails. Citi believes others, including Bayer (BAYRY), could be interested in acquiring Zoetis. It keeps a Buy rating on the stock.
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