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Stock Market & Financial Investment News

News Breaks
May 12, 2014
10:02 EDTVTL, PAYC, MC, KKR, DKS, PLUS, TRIV, PEGI, NAVI, JMI, WB, SPWH, OPB, MEG, ELGX, CRDC, CIO, CSIIOn 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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January 26, 2015
16:17 EDTNAVINavient raises quarterly dividend 7% to 16c per share
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07:04 EDTOPBOpus Bank reports Q4 EPS 38c, consensus 34c
Reports Q4 net interest income $42.2M. Reports tangible book value per as converted common share at December 31 was $17.27. Capital ratios remain strong at 11.29% Tier 1 leverage, 13.26% Tier 1 risk-based capital and 13.87% total risk-based capital at December 31, 2014.
January 22, 2015
07:26 EDTKKRKKR issues some refunds after SEC findings, WSJ says
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07:01 EDTOPBOpus Bank to acquire Commerce Escrow Company, RPM Investments
Opus Bank has entered into a definitive agreement to acquire both Commerce Escrow Company, an independent Los Angeles-based escrow company focused on commercial business and commercial real estate transactions, and RPM Investments, an independent accommodator for tax-deferred commercial exchanges under Section 1031 of the Internal Revenue Code. Under the terms of the agreement, shareholders of CEC and RPM will receive aggregate consideration of $25M, with 55% payable in Opus Bank common stock, which shall be valued based on the average of the closing prices of Opus common stock over the 10 business days ending the day prior to the closing date, and 45% payable in cash. The transaction is expected to close in the latter part of the first quarter of 2015, after which CEC and RPM will operate as separate divisions within Opus. Mark Minsky, President of CEC and RPM, will assume the role of Senior Managing Director, Robert Minsky will serve as Managing Director and Danielle Graf Kitzes as Director of the CEC and RPM divisions. Opus Bank was represented by Holland & Knight and CEC and RPM were represented by Davis & Davis Law Group in this transaction.
05:36 EDTKKRKKR acquires Trainline, details not disclosed
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January 21, 2015
16:21 EDTNAVINavient reports Q4 core EPS 53c, consensus 54c
10:01 EDTPAYCOn the Fly: Analyst Initiation Summary
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06:03 EDTPAYCPaycom initiated with an Outperform at Credit Suisse
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January 20, 2015
11:52 EDTKKRKKR seeks $3B for distressed fund targeting oil companies, Asia, Bloomberg says
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08:17 EDTPEGIPattern Energy to supply power to Amazon Web Services
Pattern Energy Group (PEGI) announced it has entered into a 13-year power purchase agreement, or PPA, to supply power to Amazon Web Services, or AWS, an Amazon.com (AMZN) company. AWS will acquire the production from the 150 megawatt Fowler Ridge IV Wind project, to be renamed Amazon Web Services Wind Farm.
08:01 EDTPEGIAmazon Web Services to use wind farm power to supply datacenters with power
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January 15, 2015
09:15 EDTPAYCOn The Fly: Pre-market Movers
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06:39 EDTPAYCPaycom 5.585M share Secondary priced at $22.50
Credit Suisse, Barclays and JPMorgan acted as joint book running managers for the offering.

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