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Stock Market & Financial Investment News

News Breaks
May 15, 2014
12:05 EDTCGCarlyle offer to acquire Schneider Electric unit accepted
Schneider Electric announced that it has accepted the binding offer from The Carlyle Group (CG) and PAI partners, which was received and announced on April 3, to acquire Custom Sensors & Technologies Inc. based on an enterprise value of $900M. As part of the transaction, Schneider Electric will reinvest approximately $100M alongside Carlyle, PAI and CST management to own a shareholding of about 30% of CST. This offer has been accepted after consultation with the relevant works councils and trade unions, Schneider noted. The transaction is expected to close by the end of the year, subject to various regulatory approvals.
News For CG From The Last 14 Days
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March 4, 2015
08:48 EDTCGCarlyle Group should be bought ahead of Q1 earnings report, says Morgan Stanley
Morgan Stanley recommends buying Carlyle Group into Q1 earnings and raised estimates by 4.7% and is now 11% above consensus. The firm said Carlyle's public portfolio is up 15% quarter-to-date while shares are down 6% since reporting strong Q4 results. Morgan Stanley reiterate its Overweight rating and views risk/reward as attractive given strong earnings and improving monetization outlook.
February 24, 2015
15:07 EDTCGCarlyle, Cap Gemini talks to buy CSC have 'fizzled,' Reuters says
Consulting company Cap Gemini and private equity firm Carlyle Group (CG) previously held talks about a potential acquisition of Computer Sciences Corp. (CSC), though the talks have since "fizzled," reported Reuters, citing people familiar with the matter. CSC is now working with Royal Bank of Canada (RY) to review its options, the report added. Reference Link
14:56 EDTCGCarlyle, Cap Gemini talks to buy CSC have 'fizzled,' Reuters says
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February 23, 2015
13:49 EDTCGCarlyle Group, Advent mull sale of H.C. Starck, Bloomberg reports
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February 18, 2015
10:05 EDTCGOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Agnico Eagle (AEM) upgraded to Overweight from Neutral at JPMorgan... Amarin (AMRN) upgraded to Buy from Neutral at SunTrust... Capital Product (CPLP) upgraded to Accumulate from Neutral at Global Hunter... Carlyle Group (CG) upgraded to Buy from Neutral at Citigroup... Danone (DANOY) upgraded to Neutral from Underperform at Exane BNP Paribas... Express (EXPR) upgraded on lower promotional activity at Piper Jaffray... Kforce (KFRC) upgraded to Outperform from Market Perform at Avondale... Legg Mason (LM) upgraded to Buy from Hold at Jefferies... Rackspace (RAX) upgraded following Q4 results at Pacific Crest... Rosetta Resources (ROSE) upgraded to Buy from Neutral at Global Hunter... SeaChange (SEAC) upgraded to Buy from Hold at Noble Financial... Valero (VLO) upgraded to Outperform from Neutral at Credit Suisse... Veeco (VECO) upgraded to Buy from Hold at Noble Financial... Wolverine World Wide (WWW) upgraded to Neutral from Underperform at Sterne Agee.
06:08 EDTCGCarlyle Group upgraded to Buy from Neutral at Citigroup
Citigroup upgraded Carlyle Group to Buy saying it believes the company is entering a "robust" harvesting cycle. Citi says Carlyle is at a favorable inflection point and raised its price target for the stock to $32 from $30.50.

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