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Stock Market & Financial Investment News

News Breaks
December 3, 2012
08:01 EDTCSC, EFXCSC to sell credit services unit for $1B to Equifax
As part of its transformation initiative to rebalance its portfolio of services and focus on next-generation technology solutions and services, CSC (CSC) has reached a definitive agreement with Equifax (EFX) for the sale of its credit services unit for $1B in cash. The after-tax proceeds from the sale of the business will be approximately $750 - $800 million based on preliminary plans. CSC intends to use $300M-$400M to repurchase shares, contribute $300M-$400M to its pension plans and apply the remainder to general corporate purposes. The companies anticipate closing of the transaction by the end of the calendar year after concluding regulatory reviews. This deal marks CSC’s second divestiture in six weeks.
News For CSC;EFX From The Last 14 Days
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October 23, 2014
11:51 EDTEFXEquifax management to meet with Stephens
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07:11 EDTEFXEquifax pullback a buying opportunity, says Deutsche Bank
Deutsche Bank recommends pullback in shares of Equifax following the company's Q3 results presents a buying opportunity. The firm attributes the revenue miss to a timing issue and remains positive on the stock with a Buy rating and $82 price target.
October 22, 2014
16:21 EDTEFXEquifax sees Q4 adjusted EPS 99c-$1.03, consensus $1.02
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16:20 EDTEFXEquifax reports Q3 adjusted EPS $1.01, consensus 97c
Reports Q3 revenue $613.4M, consensus $621.96M.
15:30 EDTEFXNotable companies reporting after market close
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October 21, 2014
06:55 EDTEFXEquifax added to short-term buy list at Deutsche Bank
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October 17, 2014
09:52 EDTEFXEquifax management to meet with Stephens
Meeting to be held in Dallas on October 24 hosted by Stephens.

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