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Stock Market & Financial Investment News

News Breaks
March 17, 2014
04:55 EDTCCE, CCE, CCE, IFF, IFF, IFF, WPPGY, WPPGY, WPPGY, DANOY, DANOY, DANOY, KO, KO, KO, DEO, DEO, DEO, KFT, KFT, KFT, SBMRY, SBMRY, SBMRY, CCH, CCH, CCH, PRGO, PRGO, PRGOConsumer Analyst Group of Europe to hold a conference
2014 Annual Conference of CAGE is being held in London, England on March 17-19.
News For CCE;CCH;SBMRY;KFT;DEO;KO;DANOY;WPPGY;IFF;PRGO From The Last 14 Days
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September 15, 2014
16:15 EDTKOCoca-Cola initiated with a Market Perform at Cowen
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14:18 EDTKOPulteGroup names Manish Shrivastava as Chief Marketing Officer
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12:35 EDTKOCoca-Cola brings back SURGE after 12 year hiatus, exclusively through Amazon
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12:31 EDTSBMRYOn The Fly: Midday Wrap
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10:50 EDTSBMRYBrewers climb after Heineken turns down SABMiller
Shares of beer makers SABMiller (SBMRY) and Molson Coors (TAP) are climbing after Heineken (HEINY) confirmed that it rebuffed SABMiller's approach regarding a potential acquisition. Additionally, the Wall Street Journal reported that another company in the sector, ABInBev (BUD), was looking to obtain financing for an acquisition of U.K.-based SABMiller, but that report was refuted by CNBC's David Faber. WHAT'S NEW: Heineken announced yesterday that it has been approached by SABMiller regarding a potential acquisition, but concluded that SABMiller's proposal is non-actionable. The Heineken family has informed SABMiller of its intention to "preserve the heritage and identity of Heineken as an independent company," the beer maker stated. Meanwhile, The Wall Street Journal reported, citing an unnamed source, that ABInBev is in talks with banks about financing a takeover of SABMiller. The deal could be worth nearly $122B, the newspaper added. However, CNBC's David Faber this morning disputed the accuracy of the report, saying that ABInBev was not in talks to receive financing for a SABMiller takeover and that the companies were not in discussions about a transaction. ANALYST REACTION: In a note to investors on Saturday, ISI Group analyst Robert Ottenstein recommended buying shares of Molson Coors, SABMiller. and ABInBev. SABMiller's attempt to buy Heineken could indicate that the U.K-based company thinks that it will receive a takeover offer from ABInBev in the near-term, the analyst believes. It's likely that SABMiller expects an offer by ABInBev "in the foreseeable future," causing the British brewer to explore all strategic options, Ottenstein contended. Additionally, Ottenstein does not believe that SABMiller is looking to prevent a takeover by ABInBev and he does not expect Heineken to sell itself. Heineken's management said in 2012 that the family which controls the company takes a very long-term view of the business and is unlikely to permit it to be sold, Ottenstein stated. WHAT'S NOTABLE: In June, research firm ISI Group said that if ABInBev were to acquire SABMiller, Molson Coors would likely buy SABMiller's 58% stake in their U.S. joint venture, MillerCoors , at an attractive, very accretive price. Such a deal would provide AmInBev with a solution to U.S. anti-trust issues, the firm stated. Also in June, Molson Coors CEO Peter Swinburn said he wouldn't rule out buying SABMiller's stake in MillerCoors if it becomes available. PRICE ACTION: In mid-morning trading, Molson Coors climbed nearly 7% to $76.66, SABMiller rallied 10% to $61.24, and ABInBev gained 3% to $114.50 and Heineken rose 2% to $39.19.
09:16 EDTSBMRYOn The Fly: Pre-market Movers
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09:04 EDTSBMRYAB InBev not in talks for financing for SABMiller deal, CNBC reports
AB InBev (BUD) is not in talks for financing for a deal with SABMiller (SBMRY) and the companies are not currently in talks about any transaction, according to CNBC's David Faber, citing sources. Faber's reporting refutes an earlier report from The Wall Street Journal, which also cited a source.
09:03 EDTSBMRYAB InBev not in talks about financing for SABMiller bid, CNBC's Faber says
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07:40 EDTSBMRYAnheuser-Busch InBev volatility expected to move on consolidation report
Anheuser-Busch InBev (BUD) volatility is expected to move on sources say that SABMiller (SBMRY) has approached Heineken (HINKY) about an offer for the brewer to help defend itself against a possible takeover attempt by Anheuser-Busch, says Bloomberg. Overall option implied volatility of 18 is near its 26-week average of 19 according to Track Data, suggesting non-directional price movement.
07:32 EDTSBMRYAB InBev in talks with banks for financing for SABMiller deal, WSJ reports
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06:05 EDTSBMRYHeineken says SABMiller acquisition proposal non-actionable
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September 14, 2014
15:55 EDTSBMRYSABMiller said to approach Heinenken with offer, Bloomberg says
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September 10, 2014
16:00 EDTKOOptions Update; September 10, 2014
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11:04 EDTKOCoca-Cola management to meet with SunTrust
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September 9, 2014
10:27 EDTSBMRYMolson slips after BTIG views speculated M&A as unlikely
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10:10 EDTDEOOn the Fly: Analyst Upgrade Summary
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07:43 EDTDEODiageo upgraded to Buy from Neutral at BTIG
September 8, 2014
15:43 EDTKOMonster Beverage asks court to block NY probe subpoena, Bloomberg says
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07:46 EDTDEODiageo looking for drink industry focused tech ventures, WSJ reports
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September 5, 2014
11:53 EDTKOCoca-Cola says 'on track' for 2014 productivity targets
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