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Stock Market & Financial Investment News

News Breaks
June 9, 2014
09:58 EDTAXE, ERF, NBCB, MCC, TSLX, BDN, TOT, MMS, NFBKOn The Fly: Analyst Downgrade Summary
Anixter (AXE) downgraded to Neutral from Outperform at RW Baird... Enerplus (ERF) downgraded to Sector Perform from Outperform at RBC Capital... First NBC Bank (NBCB) downgraded to Market Perform from Outperform at Keefe Bruyette... Medley Capital (MCC) downgraded to Market Perform from Outperform at JMP Securities... TPG Specialty Lending (TSLX) downgraded to Neutral from Buy at BofA/Merrill... Brandywine Realty (BDN) downgraded to Neutral from Buy at ISI Group... Total (TOT) downgraded downgraded to Hold from Buy at Canaccord... Maximus (MMS) downgraded to Market Perform from Outperform at Raymond James... Northfield Bancorp (NFBK) downgraded to Neutral at Boenning & Scattergood.
News For AXE;ERF;NBCB;MCC;TSLX;BDN;TOT;MMS;NFBK From The Last 14 Days
Check below for free stories on AXE;ERF;NBCB;MCC;TSLX;BDN;TOT;MMS;NFBK the last two weeks.
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September 19, 2014
18:30 EDTTOTTotal may consider spin-off of gas station business, Bloomberg reports
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07:40 EDTTOTLukoil evaluating impact of sanctions on Total jv, Reuters reports
The CEO of Lukoil (LUKOY) said the company is evaluating the impact of U.S. and European sanctions on its joint venture with Total (TOT), with which the Russian company is developing the Yamal LNG project and was planning to drill for tight oil in Siberia, reported Reuters. Reference Link
06:31 EDTTOTTotal receives offer from Arkema for Bostik adhesives affiliate
Total has received an offer from the French group Arkema to acquire its Bostik affiliate, a global adhesives company. Arkema’s offer values Bostik at EUR1.74B, or around $2.25B, representing 11 times the company’s EBITDA. In light of the quality of the project, Total has granted Arkema an exclusivity period to pursue the offer, and it will be presented to the relevant employee representatives, as part of the required information and consultation procedures. Arkema’s offer for Bostik includes clear undertakings to continue operations sustainably and safeguard existing jobs and employee benefits. The proposed transaction is subject to approval by the relevant antitrust authorities.
06:02 EDTERFEnerplus announces October cash dividend, suspends stock dividend program
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September 18, 2014
09:02 EDTBDNBrandywine Realty and Peterson Companies to develop town center in Herndon, VA
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September 17, 2014
16:16 EDTAXEAnixter closesTri-Ed acquisition, sees as accretive in first year of operation
Anixter International announced that it has completed the acquisition of Tri-Ed for a total purchase price of $420M, subject to working capital, escrow and other customary adjustments. Tri-Ed generated approximately $570M in sales and $36M in adjusted EBITDA over the trailing twelve months ending June 30. The acquisition is expected to be accretive to earnings in the first full year of operation, exclusive of transaction and one-time integration expenses. Anixter funded the acquisition through a combination of a previously announced $200M term loan and available liquidity. A more detailed discussion of the financial impact will occur on Anixter’s upcoming third quarter 2014 earnings call on Tuesday, October 28.
September 16, 2014
10:47 EDTTOTBadri sees OPEC lowering oil output target at next meeting, Reuters says
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September 15, 2014
07:36 EDTERFFirstEnergy to hold a conference
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September 10, 2014
08:22 EDTTOTBofA/Merrill oil and gas analysts hold an analyst/industry conference call
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07:49 EDTAXELongbow to hold a conference
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September 9, 2014
10:10 EDTTOTOn the Fly: Analyst Upgrade Summary
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07:40 EDTTOTTotal upgraded to Neutral from Underperform at BofA/Merrill
06:15 EDTTOTTotal upgraded to Neutral from Underperform at BofA/Merrill
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