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Stock Market & Financial Investment News

News Breaks
January 16, 2014
06:09 EDTCEC, APOCEC Entertainment agrees to be acquired by Apollo affiliate for $54 per share
An affiliate of Apollo Global (APO) and CEC Entertainment (CEC) announced that they have entered into a definitive merger agreement whereby Apollo will acquire CEC for approximately $1.3B, including the assumption of the companyís outstanding debt. Apolloís $54.00 per share all cash offer represents a premium of approximately 25% over CECís closing share price on January 7, the last trading day prior to media speculation regarding a possible transaction and a premium of approximately 36% over the twelve-month volume weighted average share price for the period ending January 7. The announcement follows a thorough review of strategic alternatives undertaken by the CEC board to maximize shareholder value. The transaction was unanimously approved by the CEC Board, which recommends that CEC shareholders tender their shares in the offer. Under the terms of the agreement, the Company may solicit superior proposals from limited third parties until January 29. There can be no assurances that this process will result in a superior proposal, and the Company does not intend to discuss any developments with regard to this process unless the company's board makes a decision with respect to a potential superior proposal.
News For CEC;APO From The Last 14 Days
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August 28, 2014
07:49 EDTAPOApollo Global owned Momentive gets tentative bankruptcy approval, Bloomberg says
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03:17 EDTAPOApollo Global momentive bankruptcy plan approved with changes, Bloomberg says
August 26, 2014
18:38 EDTAPOApollo's Momentive bankruptcy plan approved with changes, Bloomberg says
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18:02 EDTAPOApollo Global momentive bankruptcy plan approved with changes, Bloomberg says
August 18, 2014
09:01 EDTCECWestwood Holdings Group appoints Tiffany Kice as CFO
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August 15, 2014
10:01 EDTAPOOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Apollo Global (APO) downgraded to Market Perform from Outperform at Wells Fargo... Calavo Growers (CVGW) downgraded to Neutral from Outperform at Wedbush... DaVita (DVA) downgraded to Hold from Buy at Deutsche Bank... Dangdang (DANG) downgraded to Neutral from Outperform at Credit Suisse... Ducommun (DCO) downgraded to Neutral from Buy at DA Davidson... Energy XXI (EXXI) downgraded to Sector Perform from Outperform at Howard Weil... Fifth Street Finance (FSC) downgraded to Neutral from Buy at Gilford Securities... Genetic Technologies (GENE) downgraded to Neutral from Buy at Ladenburg... Harmony Gold (HMY) downgraded to Underweight from Neutral at HSBC... Ignite Restaurant (IRG) downgraded to Neutral from Overweight at Piper Jaffray... JDSU (JDSU) downgraded to Hold from Buy at Argus... K12 (LRN) downgraded to Market Perform from Outperform at Wells Fargo... KKR (KKR) downgraded to Market Perform from Outperform at Wells Fargo... Lexington Realty (LXP) downgraded to Neutral from Buy at Ladenburg... Lithia Motors (LAD) downgraded to Underweight from Equal Weight at Morgan Stanley... New York & Co. (NWY) downgraded to Neutral from Buy at Janney Capital... OCI Partners (OCIP) downgraded to Underweight from Equal Weight at Barclays... OmniVision (OVTI) downgraded to Neutral from Outperform at RW Baird... Smith & Nephew (SNN) downgraded to Equal Weight from Overweight at Morgan Stanley... Subsea 7 (SUBCY) downgraded to Neutral from Buy at Goldman... Tencent (TCEHY) downgraded to Neutral from Overweight at JPMorgan... ViaSat (VSAT) downgraded to Equal Weight from Overweight at Stephens... bebe stores (BEBE) downgraded to Neutral from Buy at Janney Capital.
07:26 EDTAPOApollo, KKR downgraded to Market Perform at Wells Fargo
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05:41 EDTAPOApollo Global downgraded to Market Perform from Outperform at Wells Fargo
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