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Stock Market & Financial Investment News

News Breaks
August 19, 2014
08:31 EDTCCGCampus Crest elects not to exercise Copper Beech purchase option
Campus Crest announced that it has elected not to exercise the first purchase option to acquire additional interests in the entities comprising the 37 property Copper Beech portfolio and will revert to a 48% economic interest in the portfolio. The company said, "As per the terms of the amended purchase and sale agreement, effective today we will hold a 48% economic interest in the 37 property portfolio. Separately, we maintain our 67% economic interest in the Copper Beech asset located in Ames, Iowa. Our earnings guidance released on July 31, which already assumed a 48% economic interest in Copper Beech, remains unchanged at this time.
News For CCG From The Last 14 Days
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February 27, 2015
08:37 EDTCCGClinton Group, Campus Evolution sends open letter to Campus Crest shareholders
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February 26, 2015
06:48 EDTCCGCampus Crest sees FY15 pro rata NOI ex-Montreal $117M-$122M
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06:46 EDTCCGCampus Crest reports Q4 FFOA 5c, consensus 15c
Reports Q4 revenue $28.73M, consensus $28.26M.
February 23, 2015
09:31 EDTCCGClinton, Campus Evolution Villages to file preliminary proxy on Campus Crest
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February 17, 2015
18:36 EDTCCGCampus Crest responds to Clinton Group, Campus Evolution Villages
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10:00 EDTCCGOn The Fly: Analyst Upgrade Summary
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09:20 EDTCCGOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Vipshop Holdings (VIPS), up 10.9%... VASCO Data Security (VDSI), up 7.1%... Waste Management (WM), up 3.7%. ALSO HIGHER: Starwood Hotels (HOT), up 1.9% after appointing Adam Aron as interim CEO... Sarepta Therapeutics (SRPT), up 7.3% after being upgraded at BofA/Merrill... Navidea Biopharmaceuticals (NAVB), up 7.5% after publishing results of phase 3 Lymphoseek trial... Campus Crest (CCG), up 7.7% after announcing that it will explore strategic alternatives as well as Clinton Group and Campus Evolution proxy contest... Cyren (CYRN), up 7.1% following distribution agreement with ALSO Deutschland. DOWN AFTER EARNINGS: Helix Energy (HLX), down 13.3%... Walter Energy (WLT), down 10.1%. ALSO LOWER: Celsus Therapeutics (CLTX), down 82.3% after MRX-6 Cream 2% Phase II trial did not meet primary endpoint... Vascular Biogenics (VBLT), down 53.2% after reporting that VB-201 Phase 2 studies did not meet primary endpoints and removal of FDA partial clinical hold on VB-111... Vanguard Natural Resources (VNR), down 7.1% after reporting preliminary fourth quarter results.
09:12 EDTCCGClinton Group, Campus Evolution announce proxy contest at Campus Crest
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06:09 EDTCCGCampus Crest upgraded to Buy from Hold at Wunderlich
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February 16, 2015
18:25 EDTCCGCampus Crest to explore strategic alternatives after receiving inquiries
Campus Crest Communities announced that its board authorized the company to explore a range of strategic, operational and financial alternatives to further enhance shareholder value. Additionally, the board appointed Aaron Halfacre, CCG's Chief Investment Officer, to the role of President. In his new role, Halfacre will continue to oversee day-to-day management of the company's strategic repositioning and aid the board in the evaluation of potential strategic alternatives. Campus Crest said it has recently received multiple inquiries from a number of qualified parties that expressed interest in discussing a potential transaction. Moelis & Company and Kilpatrick Townsend & Stockton, the company's financial and legal advisors, respectively, are assisting Campus Crest in an analysis of all potential alternatives. The advisors have been working with Campus Crest since the start of the company's strategic repositioning in 2014. The company has not set a definitive timetable for completion of the process and does not intend to disclose further developments until its board approves a specific action or otherwise concludes the review of the strategic alternatives.

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