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Stock Market & Financial Investment News

News Breaks
January 13, 2012
10:30 EDTCTRP, PLCE, SWY, WOOF, BYI, CTXS, RGR, CMG, TWIOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Citrix Systems (CTXS) upgraded to Buy from Neutral at Citigroup...Safeway (SWY) upgraded to Buy from Hold at Jefferies...Titan International (TWI) upgraded to Outperform from Perform at Oppenheimer...Bally Technologies (BYI) upgraded to Buy from Neutral at Goldman...Children's Place (PLCE) upgraded to Buy from Neutral at BofA/Merrill...Chipotle Mexican Grill (CMG) upgraded to Outperform from Market Perform at William Blair...VCA Antech (WOOF) upgraded to Buy from Neutral at SunTrust...Ctrip.com (CTRP) upgraded to Positive from Neutral at Susquehanna...Sturm Ruger (RGR) upgraded to Buy from Outperform at CLSA.
News For CTXS;SWY;TWI;BYI;PLCE;CMG;WOOF;CTRP;RGR From The Last 14 Days
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December 19, 2014
16:23 EDTSWYSupervalu to provide distribution, transition services to Haggen
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16:08 EDTSWYSafeway, Albertsons confirm agreements to sell 168 stores to four buyers
AB Acquisition LLC and Safeway (SWY) announced that they have entered into agreements, subject to approval by the Federal Trade Commission to sell 168 stores across eight states to four buyers: Associated Food Stores will purchase eight stores in Montana and Wyoming; Associated Wholesale Grocers / Minyards will purchase 12 stores in Texas; SUPERVALU (SVU) will purchase two stores in Washington; and Haggen will purchase 146 stores across Arizona, California, Nevada, Oregon and Washington. Divestiture of these stores is being undertaken in order to secure FTC clearance of the companies' proposed merger, which was announced in March and is expected to close in January 2015. The purchase agreements with the four buyers are all subject to approval by the FTC. Under the terms of the purchase agreements, the buyers will acquire the stores, equipment and inventory, and they intend to hire most, if not all, of the store employees upon the closing of the purchase of the stores.
December 15, 2014
05:38 EDTCTRPTuniu announces $148M investment in aggregate from group of investors
Tuniu (TOUR) announced that it has entered into a share subscription agreement with Unicorn Riches Limited, a special purpose vehicle of Hony Capital, JD.com E-commerceHong Kong Corporation Limited, a special purpose vehicle of JD.com (JD), Ctrip Investment Holding, a subsidiary of Ctrip.com (CTRP) and the respective personal holding companies of Tuniu's CEO and COO, pursuant to which Tuniu will issue and sell a total of $148M newly issued class A ordinary shares to the investors. Pursuant to the agreement, Unicorn Riches Limited, JD.com E-commerce Hong Kong Corporation Limited, Ctrip Investment Holding and the personal holding companies of Dunde Yu, Tuniu's chairman of the board and CEO, and Haifeng Yan, Tuniu's director and COO, agree to subscribe newly issued Class A ordinary shares of the company in the amount of $50M, $50M, $15M, $16.5M and $16.5M, respectively. The purchase price will be $4.02 per ordinary share, or the equivalent of $12.06 per ADS. The purchase price represents the average closing trading prices of the company's ADSs for the ten trading days prior to the signing of the agreement, adjusted for ADS-to-ordinary share ratio, and represents a small premium over the average of ADS closing trading prices in the last five trading days. This share issuance is made in reliance on, and in compliance with, Regulation S under the Securities Act of 1933, as amended. Each of the investors has agreed not to sell, transfer or dispose of any shares acquired in the transaction for six months after the closing. In addition, the company also announced that it has decided not to pursue its proposed registered public offering of ADSs and will withdraw the related registration statement on Form F-1 previously filed with the SEC on December 2.
December 12, 2014
10:01 EDTCTXSOn The Fly: Analyst Initiation Summary
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December 11, 2014
16:26 EDTCTXSCitrix initiated with an Underweight at Piper Jaffray
Target $63.
December 10, 2014
15:11 EDTTWITitan International management to meet with William Blair
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09:35 EDTCTXSCitrix management to meet with William Blair
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05:35 EDTCTRPTuniu, Ctrip.com sign strategic collaboration agreement
Tuniu (TOUR) announced that the company has signed a strategic agreement with Ctrip.com (CTRIP) to expand their collaboration on shared travel resources. In May, Ctrip acquired $15M of Tuniu Class A ordinary shares concurrent with Tuniu's IPO and currently owns over 3% of Tuniu's outstanding shares.
December 9, 2014
07:41 EDTCTXSBarclays to hold a conference
Global Technology Conference is being held in San Francisco on December 9-10 with webcasted company presentations to begin on December 9 at 10:40 am; not all company presentations may be webcasted. Webcast Link
December 8, 2014
06:47 EDTCMGChipotle coverage resumed with a Buy at Goldman
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