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Stock Market & Financial Investment News

News Breaks
February 21, 2013
10:00 EDTQEP, DRE, OPEN, GTIV, PVR, CNK, LOW, HD, TSLA, VOLC, CF, HEK, ODP, OMX, PSE, UBSH, PAY, CQP, BDN, BHPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: BHP Billiton (BHP) downgraded to Neutral from Buy at Citigroup... Brandywine Realty (BDN) downgraded to Market Perform from Outperform at Wells Fargo... Cheniere Energy Partners (CQP) downgraded to Equal Weight from Overweight at Barclays... Heckmann (HEK) downgraded to Hold from Buy at Jefferies... Office Depot (ODP) downgraded to Neutral from Buy at Janney Capital... OfficeMax (OMX) downgraded to Neutral from Buy at Janney Capital... Pioneer Southwest (PSE) downgraded to Sell from Neutral at UBS... QEP Resources (QEP) downgraded to Hold from Buy at Jefferies... Union First Market (UBSH) downgraded to Neutral from Buy at Compass Point... VeriFone (PAY) downgraded to Neutral from Buy at Citigroup... CF Industries (CF) downgraded to Hold from Strong Buy at Feltl... Volcano (VOLC) downgraded to Hold from Buy at Feltl... Duke Realty (DRE) downgraded to Sector Perform from Outperform at RBC Capital... OpenTable (OPEN) downgraded to Market Perform from Outperform at Raymond James... Gentiva Health (GTIV) downgraded to Underperform from Market Perform at Raymond James... PVR Partners (PVR) downgraded to Market Perform from Outperform at Wells Fargo... Cinemark (CNK) downgraded to Neutral from Buy at Janney Capital... Lowe's (LOW) downgraded to Hold from Buy at Stifel Nicolaus... Home Depot (HD) downgraded to Hold from Buy at Stifel Nicolaus... Tesla (TSLA) downgraded to Underperform from Neutral at BofA/Merrill.
News For BHP;BDN;CQP;HEK;ODP;OMX;PSE;UBSH;PAY;CF;VOLC;DRE;OPEN;GTIV;PVR;CNK;LOW;HD;TSLA;QEP From The Last 14 Days
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October 9, 2014
08:25 EDTGTIVKindred to acquire Gentiva for $19.50 per share in cash and stock, or $1.8B
Kindred Healthcare (KND) and Gentiva Health Services (GTIV) announced that the companies have entered into a definitive merger agreement under which Kindred will acquire all of the outstanding shares of Gentiva common stock for $19.50 per share in a combination of cash and stock. The agreement was unanimously approved by the boards of directors of both companies. Under the terms of the agreement, Gentiva shareholders will receive $14.50 per share in cash and $5.00 of Kindred common stock. The transaction is valued at $1.8 billion, including the assumption of net debt. The companies expect the closing of the transaction to occur in the first quarter of 2015. The combined company will: Employ approximately 109,000 individuals, making it the 78th largest private employer and the 4th largest healthcare employer in the United States; Deliver pro forma annual revenues of approximately $7.1 billion; and Generate pro forma operating income, including expected cost synergies, of $1.0 billion. Paul J. Diaz, CEO of Kindred, said, “Over the last eight weeks, we undertook a robust due diligence process and worked closely and constructively with our counterparts at Gentiva to better understand their operations, financial results and outlook. This process confirmed the compelling strategic rationale and industrial logic of this combination, as well as our belief that this transaction is in the best interests of both companies and our respective shareholders, patients, employees and business partners." Kindred has obtained committed financing from Citi and J.P. Morgan in connection with the pending transaction. Subject to market and other conditions, the Company expects to finance the acquisition of Gentiva and associated costs through the issuance of $200 million to $300 million of common stock and mandatory convertible equity securities and $1.3 billion to $1.4 billion of unsecured notes prior to the closing of the acquisition. The Company expects to fund the remaining amounts through its existing line of credit. Following completion of the transaction, Kindred expects to have approximately 85 million fully diluted shares outstanding, comprised primarily of approximately 64 million shares outstanding today, approximately 10 million shares to be issued to Gentiva as part of the transaction consideration, and approximately nine million to 12 million shares associated with the expected offering of common stock and mandatory convertible equity securities. The Gentiva acquisition is subject to certain conditions, including the approval by the stockholders of Gentiva. Kindred and Gentiva have already received clearance for the transaction under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
08:23 EDTGTIVKindred to acquire Gentiva for $19.50 per share in cash and stock
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06:48 EDTTSLATesla added to U.S. Focus List at Credit Suisse
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October 8, 2014
16:01 EDTTSLAOptions Update; October 8, 2014
iPath S&P 500 VIX Short-Term Futures down 2.73 to 29.51. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX PBR AA CLF GILD according to Track Data.
11:10 EDTCFOptions with increasing implied volatility
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10:00 EDTTSLAOn The Fly: Analyst Initiation Summary
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09:54 EDTTSLATesla volatility increases into October 9 announcement
Tesla October weekly call option implied volatility is at 67, October is at 45, November is at 54, December is at 48; compared to its 26-week average of 46 according to Track Data, suggesting large price movement into an announcement scheduled for October 9.
09:34 EDTHDHome Depot management to meet with Deutsche Bank
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06:07 EDTTSLATesla initiated with a Neutral at Tigress Financial
Tigress Financial started shares of Tesla with a Neutral rating saying that while it is "extremely enthusiastic" about the company's product offering and growth potential, it has concerns about "inherent industry obstacles" and the current valuation.
October 7, 2014
16:00 EDTTSLAOptions Update; October 7, 2014
iPath S&P 500 VIX Short-Term Futures up 2.16 to 32.24 Option volume leaders: AAPL TSLA TWTR AMZN FB VZ AA HTZ NFLX PBR according to Track Data.
11:15 EDTTSLATesla expected to unveil all-wheel drive Model S, Re/code reports
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10:02 EDTPAYOn The Fly: Analyst Initiation Summary
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09:36 EDTTSLAActive equity options trading on open
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09:35 EDTHDHome Depot management to meet with Deutsche Bank
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09:03 EDTCFCF Industries volatility elevated into Yara CEO resigns amid CF merger talks
CF Industries (CF) overall option implied volatility of 34 is above its 26-week average of 25 according to Track Data, suggesting large price movement into Yara (YARIY) announcing its CEO resigned amid CF merger talks.
08:13 EDTCFYara likely to buy CF for up to 30% premium, says Bernstein
Bernstein believes the potential merger between Yara (YARIY) and CF Industries (CF) will be structured as Yara buying CF with 75% stock, 25% cash and up to a 30% premium or $360 per share. The firm sees limited upside for Yara shareholders and keeps an Underperform rating on the stock. This morning, the company announced the resignation of its CEO and said merger talks with CF continue.
08:03 EDTPAYVeriFone, Sunoco forge agreement to install integrated dispenser video screens
VeriFone Systems (PAY) and Sunoco (SUN) announced that VeriFone has been selected as the exclusive media provider for Sunoco’s fueling islands. VeriFone will provide Sunoco with dispenser card readers that have integrated video screens and dynamic streaming content. These payment terminals will enhance the fueling experience for Sunoco’s customers and provide a cost-efficient EMV strategy for Sunoco’s growing network of branded retailers.
06:35 EDTTSLAPanasonic says Tesla plant stake worth 'tens of billions' of yen, Reuters says
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06:31 EDTCFYara International CEO resigns amid CF merger talks
Yara International (YARIY) announced that Torgeir Kvidal has been appointed acting CEO effective today, and Jørgen Ole Haslestad has resigned as CEO. "Yara's Board have concluded that Haslestad is not the right person to lead the company going forward, also in light of the on-going talks with CF Industries (CF). Haslestad would not have a role in a potential merged company," says Leif Teksum, Chairman of the Yara Board of Directors. "The discussions with CF Industries will continue with Kvidal leading the Yara team, with support from the Board and in particular from me as Chairman," says Teksum. Kvidal has served as CFO since May 2012.
05:34 EDTPAYVeriFone initiated with an Outperform at Pacific Crest
Target $39.
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