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Stock Market & Financial Investment News

News Breaks
January 23, 2013
13:58 EDTORLY, CYBX, MAPP, STRHigh option volume stocks; CYBX STR MAPP ORLY
News For CYBX;STR;MAPP;ORLY From The Last 14 Days
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March 3, 2015
07:33 EDTSTRMorgan Stanley to hold a conference
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February 26, 2015
15:09 EDTCYBXCyberonics downgraded earlier to Neutral from Buy at Sidoti
09:25 EDTCYBXOn The Fly: Pre-market Movers
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07:20 EDTCYBXCyberonics backs FY15 adjusted EPS view $2.33-$2.39, consensus $2.37
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07:17 EDTCYBXCyberonics reports Q3 adjusted EPS 59c, consensus 57c
Reports Q3 revenue $72.1M, consensus $72.02M.
06:21 EDTCYBXCyberonics to host conference call
Conference call to discuss merger agreement with Sorin Group will be held on February 26 at 8 am. Webcast Link
06:04 EDTCYBXCyberonics and Sorin Group to merge into new medical technology company
Cyberonics and Sorin S.p.A., a global medical device company, announced their merger plan to create a new medical technologies company with a combined equity value of approximately $2.7B. The proposed transaction has been unanimously approved by the boards of directors of both companies. Sorin and Cyberonics will combine under a newly formed holding company, "NewCo", which the parties will name prior to closing. Each Cyberonics stockholder will receive one ordinary share of NewCo for every share of Cyberonics owned. Each Sorin shareholder will receive a fixed ratio of 0.0472 ordinary shares of NewCo for every Sorin share owned. Following completion of the transaction, Sorin shareholders will own approximately 46% of NewCo, and Cyberonics shareholders will own approximately 54%. Sorin CEO Andre-Michel Ballester will serve as CEO of NewCo and Cyberonics CEO Dan Moore will become non-executive Chairman. The combined company will have pro-forma revenues of approximately $1.3B and the merger is expected to be cash EPS accretive to all shareholders from 2016. NewCo will be domiciled in the UK and will apply for dual-listing on NASDAQ and the London Stock Exchange. The transaction is currently expected to be completed by the end of 3Q15.
February 25, 2015
17:03 EDTCYBXCyberonics announces CE Mark approval of VITARIA System
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February 18, 2015
18:54 EDTSTRQuestar announces executive promotions
Questar announced executive promotions in two of its subsidiaries and its corporate group. Effective immediately, Thomas C. Jepperson will assume new duties as COO of Questar. Jepperson has served in many positions in his 26 years with Questar, including general counsel and corporate secretary, and has held leadership positions in the areas of compliance, environmental health and safety, and human relations. Effective June 1, Brady B. Rasmussen will assume the duties of executive VP and COO of Wexpro, Questar’s natural gas development and production arm. Rasmussen will replace James R. Livsey, who has announced his intention to retire. Rasmussen has been with the company for 20 years in various positions. Rasmussen will report to Jepperson. Effective March 1, Colleen Larkin Bell, currently vice president and assistant general counsel, has been promoted to vice president and general counsel of Questar. Bell will report directly to Questar chairman, president and CEO Ron Jibson. Questar promoted Vaughn Shosted to vice president, operations, Questar Gas Company.
17:28 EDTSTRQuestar sees FY15 EPS $1.20-$1.30, consensus $1.33
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17:27 EDTSTRQuestar reports Q4 EPS 35c, consensus 38c
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14:03 EDTSTRQuestar corrects record date for increased 21c dividend
As previously reported, Questar's board approved an 11% increase in the quarterly common stock cash dividend to 21c. The dividend is a 2c increase from the previous quarter and results in a new annualized dividend rate of 84c per share. Questar also announced earlier that it raised its target dividend payout ratio to 65% from 60%. The company issued a correction to note that the dividend is payable March 16, to shareholders of record on March 2.

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