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News Breaks
January 24, 2014
07:37 EDTCTCTConstant Contact should be bought into Q4 results, says Oppenheimer
Oppenheimer believes that current trends suggest that Constant Contact's organic growth is poised to accelerate, while its margins are poised to expand. The firm expects the company's multiple to increase in the near-term , and it raised its price target on the shares to $38 from $29.
News For CTCT From The Last 14 Days
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February 9, 2016
17:21 EDTCTCTSurgical Care Affiliates to replace Constant Contact in S&P 600 as of 2/11 close
Endurance International Group Holdings (EIGI) is acquiring Constant Contact (CTCT) in a deal that was completed February 9.
15:14 EDTCTCTEndurance International announces closing of Constant Contact acquisition
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09:25 EDTCTCTOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Wendy's (WEN), up 3.5%. ALSO HIGHER: ITC Holdings (ITC), up 1.1% after being acquired by Fortis for in a deal valued at $11.3B... Kinross Gold (KGC), up 2.9% after being upgraded to Outperform from Neutral at Credit Suisse... Boston Scientific (BSX), up 3.1% after announcing that Medicare will cover Watchman left atrial appendage closure Device. DOWN AFTER EARNINGS: Regeneron (REGN), down 7.2%... Twenty-First Century Fox (FOXA, FOX), down 6.7% and 2.6%, respectively... CVS Health (CVS), down 3.5%... Viacom (VIAB), down 3.2%. ALSO LOWER: Constant Contact (CTCT), down 3.3% after Bloomberg reported that Endurance International (EIGI) withdrew a $735M loan Monday that was intended to help fund its $1.1B takeover of the company... Paypal (PYPL), down 2.4% after announcing a Chief Technology Officer transition.
08:54 EDTCTCTEndurance pulls loan earmarked for Constant Contact takeover, Bloomberg says
Endurance International (EIGI) withdrew a $735M loan Monday that was intend to help fund its $1.1B takeover of Constant Contact (CTCT), reported Bloomberg, citing a person with knowledge of the matter. A representative for Endurance didn't immediately respond to a telephone call seeking comment, the report noted. Shares of Constant Contact are down 5% in pre-market trading following the report.

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