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Stock Market & Financial Investment News

News Breaks
April 23, 2014
13:45 EDTBLL, BLL, CCK, CCK, OI, OIJPMorgan hosts an analyst Packaging/Industry conference call
Analyst Langton will discuss his initiation of coverage of Ball Corporation BLL, Crown Holdings CCK, and Owens-Illinois OI in a conference call on April 23 at 2 pm.
News For BLL;CCK;OI From The Last 14 Days
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May 18, 2015
10:01 EDTOIOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: A10 Networks (ATEN) upgraded to Overweight from Sector Weight at Pacific Crest... Cal-Maine Foods (CALM) upgraded to Overweight from Equal Weight at Stephens... ChemoCentryx (CCXI) upgraded to Overweight from Neutral at JPMorgan... Cheniere Energy Partners LP (CQP) upgraded to Buy from Neutral at Goldman... Chicago Bridge & Iron (CBI) upgraded to Neutral from Sell at Goldman... Continental Resources (CLR) upgraded to Buy from Neutral at Goldman... Ctrip.com (CTRP) upgraded to Overweight from Neutral at JPMorgan... Emerge Energy (EMES) upgraded to Buy from Neutral at Goldman... FEMSA (FMX) upgraded to Overweight from Equal Weight at Morgan Stanley... GoPro (GPRO) upgraded to Perform from Underperform at Oppenheimer... Holly Energy (HEP) upgraded to Buy from Neutral at Goldman... JP Energy (JPEP) upgraded on better visibility on volumes at RBC Capital... Laredo Petroleum (LPI) upgraded to Neutral from Sell at Goldman... Malvern Bancorp (MLVF) upgraded to Outperform from Market Perform at Keefe Bruyette... Newfield Exploration (NFX) upgraded to Buy from Neutral at Goldman... Norsk Hydro (NHYDY) upgraded to Overweight from Neutral at JPMorgan... Owens-Illinois (OI) upgraded to Neutral from Underperform at BofA/Merrill... Penn National (PENN) upgraded to Buy from Neutral at Goldman... Roche (RHHBY) upgraded to Buy from Neutral at UBS... Schnitzer Steel (SCHN) upgraded on stabilizing headwinds at KeyBanc... Seventy Seven Energy (SSE) upgraded to Buy from Hold at Jefferies... Toll Brothers (TOL) upgraded to Neutral from Underperform at Sterne Agee CRT... United Therapeutics (UTHR) upgraded to Buy from Neutral at BTIG... Volvo (VOLVY) upgraded to Neutral from Underweight at JPMorgan... Zayo Group (ZAYO) upgraded to Buy from Neutral at Goldman.
07:47 EDTOIOwens-Illinois upgraded to Neutral from Underperform at BofA/Merrill
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06:45 EDTOIOwens-Illinois upgraded to Neutral from Underperform at BofA/Merrill
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May 13, 2015
16:23 EDTOIOn The Fly: Top stock stories for Wednesday
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10:07 EDTOIHigh option volume stocks
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07:46 EDTOIOwens-Illinois sees Vitro deal adding 30c-40c to EPS in Year 1
Sees acquisition of Vitro's food & beverage glass container business leading to EPS accretion of about 50c in Year 3, as synergies are realized. Sees expected FCF accretion of >$100M by Year 3. Sees deal closing within 12 months, subject to Vitro shareholder approval and customary regulatory approvals. Sees $30M annual savings run rate expected by Year 3. Says "highly confident" in achieving synergies. Comments from slides discussing the deal to buy Vitro's food & beverage glass container business for $2.15B.
06:37 EDTOIOwens-Illinois to acquire Vitro's food and beverage business for $2.15B
Owens-Illinois announced that it has reached a definitive agreement with Vitro, S.A.B. de C.V. to acquire Vitro's food and beverage glass container business in an all-cash transaction valued at approximately $2.15B. The transaction, which has been approved by the boards of both companies, is subject to approval by Vitro's shareholders and customary regulatory approvals. The deal is expected to close within 12 months. The agreement includes Vitro's five plants in Mexico and one in Bolivia, which together employ 4,700 people. The current leadership of Vitro's food and beverage glass container business will remain in place following the transaction close. The acquired business is expected to generate estimated annual revenue of $945M and adjusted EBITDA of $278M. Further, O-I expects to realize approximately $30M in run-rate cost synergies by 2018 through a combination of procurement savings and operating efficiencies. The transaction is expected to be accretive to cash flow and earnings per share in the first year after closing.

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