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Stock Market & Financial Investment News

News Breaks
November 14, 2012
17:05 EDTALEX, BKWPershing Square reports new stakes in Burger King, Alexander & Baldwin
News For BKW;ALEX From The Last 14 Days
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November 26, 2014
08:20 EDTBKWAckman says Herbalife short thesis reinforced by recent developments
"Recent developments at Herbalife reinforce our short thesis that HLF is an illegal pyramid that will collapse or otherwise be shut down by regulators," Bill Ackman stated in Pershing Square Holdings' quarterly letter to shareholders, which was released last night. "We continue to believe that the expiration of HLFís $1.15B credit facility in 2016 is a potential catalyst for further stock price declines, as we are skeptical that the company will be able to access the credit markets in order to refinance or replace this facility," Ackman added. In the letter, Ackman also confirmed that the fund is currently doing due diligence on Actavis (ACT) to determine whether it should remain a long-term holder following the company's deal to acquire Allergan (AGN), noting that Pershing had recently met with the CEO of Actavis and were "impressed with him and his business plan for the combined company." Remarking on some of his other notable holdings, Ackman stated that Canadian Pacificís (CP) transformation has been "nothing short of remarkable," that he believes the acquisition of Tim Hortons (THI) will create significant long-term value for Burger King (BKW) shareholders, and that early returns from Air Products' (APD) transformation are "promising."
November 25, 2014
12:06 EDTBKWFDA finalizes menu calorie labeling rules
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06:51 EDTBKWFDA to force calorie restaurants, theaters to show calorie totals, NY Times says
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November 24, 2014
06:36 EDTBKWCanada to decide on Tim Hortons, Burger King deal by Dec. 25, Reuters says
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November 12, 2014
07:42 EDTALEXMatson purchase of Horizon most significant event since A&B split, says Stephens
Stephens said it believes Matsonís (MATX) acquisition of Horizon Lines (HRZL) is the most significant event in the companyís modern history since its separation of Alexander & Baldwin (ALEX). The firm expects the transaction to be immediately and materially accretive and raised its price target on Matson to $43 from $32. Stephens maintains its Overweight rating on Matson shares.

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