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Stock Market & Financial Investment News

News Breaks
February 14, 2014
17:18 EDTCP, PG, APD, GGP, BKWPershing Square Capital gives quarterly update on stakes
NEW STAKES: None. INCREASED STAKES: Burger King (BKW) and Air Products & Chemicals (APD). DECREASED STAKES: Canadian Pacific Railway (CP), General Growth Properties (GGP) and Procter & Gamble (PG). LIQUIDATED STAKES: None.
News For BKW;APD;CP;GGP;PG From The Last 14 Days
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December 12, 2014
16:19 EDTBKWOn The Fly: Closing Wrap
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13:36 EDTBKWRestaurant Brands completes Tim Hortons-Burger King transaction
Restaurant Brands International (QSR) announced the successful completion of the transaction with Tim Hortons (THI) and Burger King Worldwide (BKW). The transaction creates Restaurant Brands International, a new global quick service restaurant leader. As previously announced, Daniel Schwartz, formerly CEO, Burger King Worldwide has been appointed to the role of CEO, Restaurant Brands International. Marc Caira, formerly CEO, Tim Hortons will serve as Vice-Chairman of the board of directors of Restaurant Brands, which plans to announce the remaining leadership structure for the company on Monday, December 15. Effective as of the close of trading today, December 12, Tim Hortons common shares and Burger King Worldwide common stock will cease trading on the Toronto Stock Exchange and New York Stock Exchange. Restaurant Brands International common shares will begin trading on the Toronto Stock Exchange and New York Stock Exchange under the trading symbol "QSR" on Monday, December 15. Exchangeable units of Restaurant Brands International Limited Partnership, a subsidiary of Restaurant Brands International, will also commence trading on the Toronto Stock Exchange under the trading symbol "QSP" on Monday, December 15.
10:41 EDTCPHigh option volume stocks:
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10:01 EDTCPOn The Fly: Analyst Upgrade Summary
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07:22 EDTCPCanadian Pacific upgraded to Buy from Neutral at Buckingham
Buckingham upgraded Canadian Pacific to Buy based on continued visibility for near-term crude growth and the positive impact from a lower Canadian dollar that will offset weaker long-term crude by rail growth. Price target is $209.
December 11, 2014
11:26 EDTBKWYum! higher after dealReporter highlights National Post story
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10:13 EDTPGOn The Fly: Analyst Initiation Summary
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07:50 EDTPGProcter & Gamble initiated with a Market Perform at Raymond James
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December 10, 2014
16:44 EDTBKWOn The Fly: Closing Wrap
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13:01 EDTAPDAir Products sells hydrogen fueling station to Hyundai Australia
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10:10 EDTGGPHigh option volume stocks
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10:00 EDTBKWOn The Fly: Analyst Upgrade Summary
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07:44 EDTBKWBurger King, Tim Hortons and Restaurant Brands report transaction results
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06:58 EDTBKWBurger King upgraded at RBC Capital
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06:43 EDTBKWBurger King upgraded to Outperform from Sector Perform at RBC Capital
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December 9, 2014
14:28 EDTBKWTim Hortons shareholders approve proposed transaction with Burger King
Tim Hortons (THI) announced the company's shareholders have approved the transaction with Burger King Worldwide (BKW) that will create a new global quick service restaurant leader. Following approximately 99.2% approval of votes cast by THI shareholders, the two companies announced the name of the new parent company, Restaurant Brands International. The name reflects the new company's global scale and reach, which will include more than 18,000 restaurants operating in 100 countries under its two distinct, iconic brands. Upon close of the transaction, shares of Restaurant Brands International will be traded on the New York Stock Exchange and the Toronto Stock Exchange under the trading symbol "QSR." Units of Restaurant Brands International Limited Partnership are expected to trade on the Toronto Stock Exchange under the trading symbol "QSP." The transaction remains subject to customary closing conditions, including, among other things, approval and issuance of a final order of the Ontario Superior Court of Justice. The Ontario Superior Court of Justice hearing for the final order to approve the Arrangement is scheduled to take place on December 11, and completion of the Arrangement and related transactions is expected to occur on or about December 12.
10:35 EDTBKWTim Hortons to host special shareholder meeting
Special Shareholder Meeting to vote upon the proposed arrangement with Burger King Worldwide is being held on December 9 at 10 am. Webcast Link
December 8, 2014
10:00 EDTCPOn The Fly: Analyst Downgrade Summary
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06:47 EDTBKWBurger King coverage resumed with a Buy at Goldman
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05:40 EDTCPCanadian Pacific downgraded to Neutral from Buy at Goldman
Goldman Sachs downgraded Canadian Pacific Railway to Neutral saying uncertainty around lower oil prices should drive a reduced multiple for shares. Goldman cut its price target for the rail operator to $202 from $223, but points out the company's crude business has yet to be impacted from lower oil prices. CP shares closed Friday down $2.57 to $191.58.
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