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Stock Market & Financial Investment News

News Breaks
May 12, 2014
10:02 EDTPLUS, TRIV, PEGI, NAVI, JMI, WB, SPWH, OPB, MEG, ELGX, VTL, PAYC, MC, KKR, DKS, CIO, CSII, CRDCOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Cardica (CRDC) initiated with a Buy at Craig-Hallum... Cardiovascular Systems (CSII) initiated with a Buy at BofA/Merrill... City Office REIT (CIO) initiated with an Outperform at Oppenheimer... Dick's Sporting (DKS) coverage assumed with an Outperform at Credit Suisse... Endologix (ELGX) initiated with a Neutral at JPMorgan... JAVELIN Mortgage (JMI) assumed with a Perform at Oppenheimer... KKR (KKR) reinstated with a Buy at Goldman... Media General (MEG) initiated with an Outperform at Wells Fargo... Moelis (MC) initiated with a Buy at UBS... Navient (NAVI) initiated with a Buy at Buckingham... Opus Bank (OPB) initiated with an Outperform at Credit Suisse... Pattern Energy (PEGI) resumed with an Outperform at BMO Capital... Paycom Software (PAYC) initiated with a Buy at Canaccord... Sportsman's Warehouse (SPWH) initiated with a Neutral at RW Baird... TriVascular (TRIV) initiated with a Buy at Canaccord... Vital Therapies (VTL) initiated with an Outperform at Credit Suisse... Weibo (WB) initiated with an Overweight at Piper Jaffray... ePlus (PLUS) initiated with a Buy at Stifel.
News For CRDC;CSII;CIO;DKS;ELGX;JMI;KKR;MEG;NAVI;MC;OPB;PEGI;PAYC;SPWH;TRIV;VTL;WB;PLUS From The Last 14 Days
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July 2, 2015
07:08 EDTPEGIPattern Energy completes financing of 180MW wind project in British Columbia
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July 1, 2015
10:00 EDTSPWHOn The Fly: Analyst Initiation Summary
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05:28 EDTSPWHSportsman's Warehouse initiated with an Outperform at Imperial Capital
Target $14.
June 29, 2015
10:58 EDTKKRKKR to pay $30M to settle SEC charges of misallocating broken deal expenses
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June 26, 2015
07:28 EDTKKRKKR-backed Coffee Day plans $181M IPO in India, Bloomberg reports
Coffee Day Enterprises, which includes KKR (KKR) among its investors, plans to raise as much as $181M from an initial share sale in India, Bloomberg reports. Kotak Mahindra Capital, Citi (C), and Morgan Stanley (MS) are among the managers to the planned sale, the report says. Reference Link
June 25, 2015
07:48 EDTKKRMorgan Stanley disregards Fed guidelines with $1B loan, NY Post reports
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June 24, 2015
15:53 EDTDKSSunTrust identifies the most likely M&A activity in specialty retail
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07:19 EDTJMIDeutsche Bank to hold a conference
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06:08 EDTPEGIPattern Energy expands ROFO list with 526 MW in projects
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06:06 EDTPEGIPattern Energy expands ROFO list with 526 MW of projects in Japan, New Mexico
Pattern Energy Group announced the addition of four wind power projects and two solar power projects to its list of identified Right of First Offer, or ROFO, projects from Pattern Energy Group LP. The six projects total 723 MW. A total owned interest of 526 MW is being added to the ROFO list.
June 23, 2015
10:58 EDTPEGIPattern Energy to host investor day
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09:03 EDTKKR3M to buy Capital Safety from KKR in deal valued at $2.5B
3M (MMM) announced it has entered into a definitive agreement to acquire Capital Safety from KKR (KKR) for a total enterprise value of $2.5B, including the assumption of approximately $700M of debt, net of cash acquired. The business employs approximately 1,500 people worldwide and is headquartered in Bloomington, Minnesota. On a GAAP reported basis, 3M estimates the acquisition to be 4c dilutive to earnings in the first 12 months following completion of the transaction. Excluding purchase accounting adjustments and anticipated one-time expenses related to the transaction and integration, 3M estimates the acquisition to be 12c accretive to earnings over the same period. The transaction is expected to close in the third quarter, subject to customary closing conditions and regulatory approvals. 3M will finance the transaction with existing cash, a portion of which will come from outside the U.S.
08:45 EDTKKRKKR toa cquire C.H.I. Overhead Doors from FFL, terms not disclosed
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June 22, 2015
08:15 EDTKKRKKR announces strategic investment in Tarena
KKR (KKR) announced a strategic investment into Tarena International (TEDU), a provider of professional education services in China. In this transaction, KKR and Shaoyun Han, founder, Chairman and CEO of Tarena, had entered into definitive agreements to purchase an aggregate of $90.5M of ordinary shares in the company from existing pre-IPO shareholders, which are funds managed by affiliates of Goldman Sachs and IDG Technology Venture Investments, LLC. Pursuant to these agreements, KKR has agreed to purchase 6,826,263 Class A ordinary shares, representing an approximately 13% stake in the company, from the selling shareholders for a total purchase price of $70M. Han has agreed to purchase 2,000,000 Class A ordinary shares, representing an approximately 3.8% stake in the company, from the selling shareholders for a total purchase price of $20.5M, in private transactions. Han intends to fund the purchase through the issuance of a convertible bond to KKR, issued by an entity wholly owned by Han. The share purchase and sale transactions are expected to close in July, subject to customary closing conditions. KKR’s investment is through its China Growth Fund. Further details of the transaction are not disclosed.
08:06 EDTKKRTarena announces investment from KKR and Tarena CEO Shaoyun Han
Tarena (TEDU) announced that KKR (KKR) and Shaoyun Han, founder, chairman and CEO of Tarena, had entered into definitive agreements to purchase an aggregate of $90.5M of ordinary shares in the Company from existing pre-IPO shareholders, which are funds managed by affiliates of Goldman Sachs and IDG Technology Venture Investments, LLC. Pursuant to these agreements, KKR has agreed to purchase 6,826,263 Class A ordinary shares, representing an approximately 13% stake in the Company, from the selling shareholders for $70M, and Shaoyun Han has agreed to purchase 2,000,000 Class A ordinary shares, representing an approximately 3.8% stake in the company, from the selling shareholders for $20.5M, in private transactions. Mr. Han intends to fund the purchase through the issuance by an entity wholly owned by Han of a convertible bond to KKR.
08:02 EDTKKRTransphorm announces new $70M investment led by KKR
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06:02 EDTPEGIPattern Energy acquires one-third interest in 270 MW K2 wind power facility
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