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Stock Market & Financial Investment News

News For ENDP;S;BBY;AAPL;RIGL;CLWR;YELP;CVS;SAM From The Last 14 Days
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October 9, 2014
08:49 EDTENDPEndo sees low-double digit revenue growth with Auxilium portfolio
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08:45 EDTAAPLIcahn says Apple should trade at $203 per share today
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08:42 EDTAAPLIcahn sees Apple launching UltraHD TV set in FY16
Carl Icahn stated in an open letter posted to his "Shareholder's Square Table" addressed to Apple CEO Tim Cook: "While Apple has not announced plans for a TV set and may never do so, we believe we have good enough reason to expect the introduction of an UltraHD TV set in FY 2016. We think television represents a large opportunity for Apple, one that reaches far beyond “the hobby” that Apple TV currently represents...As the home represents one compelling category for Apple, payments represents another...We estimate that, based upon Apple Pay’s rumored fee of 15 bps of all spend on credit and debit cards...and merchant deployment of NFC reaching 80%+ in 2017, Apple in the U.S. could generate revenues...of $2.5 billion in FY 2017 if it reaches 30% market share of all spend on U.S. credit and debit cards. The potential in the U.S. and internationally over a longer term is much larger."
08:41 EDTAAPLCooperman says Apple about 20% undervalued, still owns shares
Leon Cooperman of Omega Advisors is speaking on CNBC.
08:40 EDTAAPLIcahn calls Apple shares 'dramatically undervalued,' requests tender offer
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08:37 EDTENDPEndo 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.
08:37 EDTAAPLIcahn calls Apple shares 'dramatically undervalued,' requests tender offer
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08:36 EDTAAPLIcahn requests Apple make tender offer for shares
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08:32 EDTCVSCVS Health price target raised to $95 from $87 at Leerink
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07:49 EDTENDPEndo and Auxilium host a joint conference call
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06:52 EDTAAPLTechnology producer settles China facility demonstrations, Reuters says
Hon Hai Precision Industry confirmed that it had settled a demonstration which involved close to 1K staff members at its Chongqing plant in China, and noted that manufacturing at the facility was not affected by the strike, according to Reuters, citing a statement from the company. Hon Hai constructs Apple (AAPL) products, as well as HP (HPQ) and Cisco (CSCO) computers and servers. The Chongqing facility isn't listed by Apple as one of its certified suppliers. Reference Link
06:48 EDTAAPLApple upgraded to Outperform from Perform at Oppenheimer
Oppenheimer upgraded its rating on Apple shares to Outperform saying the iPhone 6 will be the most successful phone launch to date "by far." Opco sees iPhone sales driving better than expected quarterly results into the first half of 2015 and believes Apple Pay and Apple Watch will keep investor interests high. The firm put a $115 price on shares. Apple closed yesterday up $2.05 to $100.80.
06:41 EDTAAPLApple upgraded to Outperform from Perform at Oppenheimer
06:33 EDTCVS, AAPLCourt considers whether to pay Amazon workers for security checks, WSJ says
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06:32 EDTENDPEndo 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 EDTENDPEndo to acquire Auxilium in cash, stock transaction for approximately $2.6B
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06:30 EDTAAPLApple suppliers push back plans to produce larger iPad, WSJ reports
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06:29 EDTAAPLIDC: Worldwide PC shipments down 1.7% in Q3, DigiTimes reports
Worldwide PC shipments are down 1.7% with 78.5M units shipped in Q3, reports DigiTimes, citing the IDC. Shipments in the US grew 4.3% to 17.3M, with growth centered from strong momentum in te portables category. Reference Link
06:26 EDTAAPLMIC: Taiwan smartphone shipments surpasses 5.4M in Q3, DigiTimes says
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06:26 EDTAAPLGoogle's tax arrangement facing new challenge by France, WSJ reports
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