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News Breaks
July 25, 2014
08:36 EDTCTCTConstant Contact price target raised to $40 from $37 at Canaccord
Canaccord raised its price target on Constant Contact to $40 form $37 citing its accelerating growth, improving margins, and compelling valuation. The firm keeps its Buy rating on the stock.
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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