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Stock Market & Financial Investment News

News Breaks
November 9, 2012
10:49 EDTUN, BX, BGS, UL, CAGConAgra, B&G Foods reportedly interested in Unilever's Skippy, Bloomberg says
ConAgra (CAG) and B&G Foods (BGS) may be potential suitors for Unilever's (UN, UL) Skippy brand, three sources tell Bloomberg. Two of the people familiar with the matter say the peanut butter brand could fetch as much as $500M. Unilever is looking to complete a deal by year-end. Skippy had attracted interest from Blackstone's (BX) Pinnacle Foods, but a source says it is no longer looking at the asset. Reference Link
News For CAG;BGS;UN;UL;BX From The Last 14 Days
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June 30, 2015
09:59 EDTCAGConAgra says SG&A and paying down debt will always be company priority
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09:41 EDTCAGConAgra 'not in position' to give comparable FY16 EPS due to divestiture
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08:58 EDTBXWendel to acquire AlliedBarton Security Services for roughly $1.67B
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07:35 EDTCAGConAgra says to take 'more aggressive approach' to cost reduction
Sees "prudent" divestitures and acquisitions.
07:34 EDTCAGConAgra sees Q1 adjusted EPS 'roughly in line' with year-ago
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07:34 EDTCAGConAgra reports Q4 Consumer Foods segment sales approx. $1.9B
Sales for the Commercial Foods segment were $1.2B and operating profit was $154M, as reported, ahead of prior year amounts. Sales for the Private Brands segment were $1B, down slightly. The company estimates that the extra week favorably impacted sales and volume by approximately 7%.
07:32 EDTCAGConAgra sees Q1 'unaffected by outcome' of Private Brands review
The company will offer details on full-year fiscal 2016 expected EPS, as well as long-term financial guidance, at an investor event likely to be scheduled for the fall of 2015. This event will be scheduled after the company completes its assessment of strategic alternatives for the Private Brands operations, and determines SG&A reduction targets and investment needs for the remainder of the company. With regard to first quarter of fiscal 2016, which the company expects to be unaffected by the outcome of the review of strategic alternatives for the Private Brands operations, the company expects EPS, adjusted for items impacting comparability, to be roughly in line with comparable year-ago amounts. With regard to plans for the rest of the company, the company’s new focus will be on: Productivity, notably within SG&A, but also in terms of supply chain and trade spending. The company sees significant margin potential through these initiatives. Driving profitable growth in the Consumer Foods segment and at Lamb Weston potato operations -- within the Commercial Foods segment. This will involve further portfolio segmentation, and investing behind the highest-potential categories in a disciplined manner. Investment may include marketing, infrastructure, innovation, and acquired businesses. The company expects some additional divestitures as it continues to refine the asset mix. Balanced capital allocation that includes growing the dividend over time, increasing share repurchases, and having an investment-grade balance sheet. Financial expectations and operating details regarding the above will be shared as part of the investor event later this year.
07:32 EDTCAGConAgra plans to exit Private Brands operations
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07:31 EDTCAGConAgra reports Q4 adjusted EPS 59c, consensus 59c
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05:37 EDTBXBlackstone to sell AlliedBarton to Wendel SE for $1.67B
Blackstone announced that private equity funds it manages have agreed to sell AlliedBarton to Wendel SE for approximately $1.67B. The transaction is expected to close later this year, and is subject to customary regulatory approvals.
05:37 EDTBXBlackstone to sell AlliedBarton to Wendel SE for $1.67B
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June 29, 2015
13:56 EDTCAGConAgra technical comments ahead of earnings
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12:59 EDTCAGConAgra July volatility increases into Q4 and outlook
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06:36 EDTCAGConAgra CEO Connolly to discuss strategy at earnings conference call, WSJ says
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06:07 EDTBXBMW, Macquarie expected to bid for ANZ Banking unit, Reuters reports
According to a source familiar of the situation, BMW and Macquarie Group are among the companies expected to make a bid for Australia and New Zealand Banking Group's car and equipment loan book, Reuters reports. Additionally, buyout firms Carlyle (CG), Blackstone (BX) and TPG have requested information memorandums for the sale. The unit could fetch more than the $6.35B book value of the loans, the source says. Reference Link
June 26, 2015
07:25 EDTCAGConAgra July volatility elevated into Q4 and outlook
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June 24, 2015
12:21 EDTUL, UNUnilever to acquire Dermalogica skincare, terms not disclosed
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June 23, 2015
10:19 EDTBXReno shoe chain hires bankers to explore sale, Reuters reports
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June 22, 2015
10:00 EDTCAGOn The Fly: Analyst Upgrade Summary
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07:38 EDTCAGConAgra upgraded to Overweight from Neutral at JPMorgan
JPMorgan upgraded ConAgra to Overweight citing an attractive risk/reward profile following the activist stake by JANA Partners. The firm is confident the company will undergo changes, which it believes could include a breakup. It raised its price target for shares to $52 from $39.
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