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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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September 30, 2014
11:15 EDTCSCHigh option volume stocks
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10:02 EDTCSCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMAG Pharmaceuticals (AMAG) upgraded to Outperform at FBR Capital... Addus HomeCare (ADUS) upgraded to Outperform from Perform at Oppenheimer... Alcoa (AA) upgraded at BofA/Merrill... Ashford Hospitality Prime (AHP) upgraded to Outperform from at FBR Capital... Associated British Foods (ASBFY) upgraded to Outperform from Neutral at Credit Suisse... CSC (CSC) upgraded at Raymond James... Century Aluminum (CENX) upgraded to Buy from Neutral at BofA/Merrill... Dominion Diamond (DDC) upgraded to Overweight from Equal Weight at Barclays... Flagstar Bancorp (FBC) upgraded to Neutral from Sell at BTIG... Freeport McMoRan (FCX) upgraded to Buy from Neutral at BofA/Merrill... Hudbay Minerals (HBM) upgraded to Buy from Neutral at BofA/Merrill... ICU Medical (ICUI) upgraded at Raymond James... Lockheed Martin (LMT) upgraded at Stifel... Mellanox (MLNX) upgraded to Overweight from Neutral at Piper Jaffray... NiSource (NI) upgraded to Outperform from Neutral at Credit Suisse... Northwest Bancshares (NWBI) upgraded to Outperform at Boenning & Scattergood... NuVasive (NUVA) upgraded to Buy from Hold at Brean Capital... Patterson-UTI Energy (PTEN) upgraded to Equal Weight at Morgan Stanley... Raytheon (RTN) upgraded at Stifel... Royal Dutch Shell (RDS.A) upgraded to Outperform from Market Perform at Bernstein... Seventy Seven Energy (SSE) upgraded to Buy from Hold at Jefferies... TIBCO (TIBX) upgraded to Equal Weight from Underweight at Barclays... Taseko Mines (TGB) upgraded to Neutral from Underperform at BofA/Merrill... Teekay (TK) upgraded to Buy from Hold at Deutsche Bank... Toyota (TM) upgraded to Overweight from Neutral at JPMorgan.
09:03 EDTCSCCSC upgraded at Raymond James
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06:21 EDTCSCCSC upgraded to Outperform from Market Perform at Raymond James
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September 29, 2014
15:56 EDTCSCCSC calls active, contacts PE firms on leveraged buyout interest reports
CSC October 55 and November 65 calls are active on the company contacts PE firms on leveraged buyout interest, Bloomberg reports. October call option implied volatility is at 44, November is at 32, December is at 33; compared to its 26-week average of 25 according to Track Data. Active call volume suggests traders taking positions for large price movement.
15:50 EDTCSCCSC contacts PE firms on leveraged buyout interest, Bloomberg reports
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15:47 EDTCSCCSC jumps 6% following Bloomberg report on exploring leveraged buyout
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15:46 EDTCSCCSC explores LBO, contacts Blackstone, Bain to gauge interest, Bloomberg says
08:47 EDTCSCCSC coverage resumed with a Buy at Goldman
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September 19, 2014
11:28 EDTEFXEquifax partners with BlackBox Logic
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