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Stock Market & Financial Investment News

News Breaks
July 28, 2014
10:02 EDTDG, OMC, NEP, NYLD, NERV, ISTR, IPG, GLRE, FSRV, ESRT, SSEOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Dollar General (DG) initiated with a Hold at Argus... Empire State Realty (ESRT) initiated with a Market Perform at Wells Fargo... FirstService (FSRV) initiated with an Outperform at RBC Capital... Greenlight Capital (GLRE) initiated with an Outperform at Keefe Bruyette... Interpublic Group (IPG) initiated with a Neutral at Citigroup... Investar Holding (ISTR) initiated with a Buy at Sterne Agee... Minerva (NERV) initiated with an Outperform at RW Baird... NRG Yield (NYLD) reinstated with a Buy at Deutsche Bank... NextEra Energy Partners (NEP) initiated with an Overweight at Barclays... Omnicom (OMC) initiated with a Sell at Citigroup... Seventy Seven Energy (SSE) initiated with a Neutral at Susquehanna.
News For DG;ESRT;FSRV;GLRE;IPG;ISTR;NERV;NYLD;NEP;OMC;SSE From The Last 14 Days
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September 16, 2014
09:33 EDTSSESeventy Seven Energy initiated with an Overweight at Stephens
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September 15, 2014
09:59 EDTNYLDOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: American Realty (ARCP) initiated with an Overweight at JPMorgan... Athlon Energy (ATHL) initiated with a Buy at KLR Group... Capital Product (CPLP) initiated with a Buy at Jefferies... Continental Resources (CLR) initiated with a Buy at Canaccord... Costco (COST) initiated with a Buy at Citigroup... Infinera (INFN) initiated with an Outperform at Barrington... NRG Yield (NYLD) initiated with an Outperform at RBC Capital... PTC Therapeutics (PTCT) initiated with a Buy at Deutsche Bank... Power Solutions (PSIX) initiated with an Outperform at Northland... ServiceNow (NOW) initiated with an Outperform at William Blair... Target (TGT) initiated with a Neutral at Citigroup... Team (TISI) initiated with a Neutral at Sidoti... VeriFone (PAY) initiated with a Buy at Monness Crespi... Wal-Mart (WMT) initiated with a Neutral at Citigroup... Whiting Petroleum (WLL) initiated with a Buy at Canaccord... Winnebago (WGO) initiated with an Outperform at BMO Capital.
06:39 EDTNYLDNRG Yield initiated with an Outperform at RBC Capital
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September 12, 2014
10:16 EDTGLREGreenlight Capital names McNichols Chief Actuarial Officer
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10:00 EDTDGOn The Fly: Analyst Initiation Summary
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07:08 EDTIPGDentsu 'not interested' in buying Interpublic Group, WSJ reports
Dentsu told an investment conference yesterday that the company isn't interested in buying Interpublic Group, the Wall Street Journal reports. IPG has been a rumored takeover target following the emergence of Elliot Management as a shareholder. Dentsu says it has not met with Interpublic or Elliott. Reference Link
06:31 EDTDGDollar General initiated with a Buy at UBS
Target $81.
06:15 EDTDGDollar General waiting on FTC feedback for Family Dollar deal, NY Post reports
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September 11, 2014
07:46 EDTDGFamily Dollar should drop opposition to Dollar General deal, WSJ says
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September 10, 2014
13:03 EDTDGOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, with the Nasdaq comfortably the leader among the major averages. The market opened relatively quietly as investors digested the bevy of research reports surrounding apple (AAPL) and the companies effected by its new products and services announced yesterday. The averages crossed into negative ground early in trading, made it back to positive territory just before the lunch hour, and now are all in the black. ECONOMIC EVENTS: In the U.S., wholesale inventories rose 0.1% in July, which was below expectations for an increase of 0.5%. Wholesale sales rose 0.7%, which was above the 0.6% increase that was forecast. COMPANY NEWS: The strength in the Nasdaq was largely attributable to Apple, which rose about 2.5% the day after unveiling two new, larger iPhone 6 models, the Apple Watch and a new payment system, named Apple Pay... Dollar General (DG) "went hostile" in its pursuit of peer Family Dollar (FDO), commencing a tender offer to acquire all of the company's outstanding shares for $80.00 per share in cash. Family Dollar confirmed the unsolicited offer, noting that the terms are the same as those in the previously rejected proposal made by Dollar General on September 2. Family Dollar said its board will review and consider Dollar Generalís tender offer, but added that the board has not changed its recommendation in support of the company's merger with Dollar Tree (DLTR). MAJOR MOVERS: Among the notable gainers was NPS Pharmaceuticals (NPSP), which rose 21% after several analysts said FDA briefing documents for an advisory panel meeting on its Natpara drug were more favorable than expected. Also higher was clothing and accessories retailer Land's End (LE), which gained nearly 17% after the company's second quarter results beat the estimate of the only analyst that covers it. Among the noteworthy losers was eBay (EBAY), which fell for a second straight day after Apple announced its new mobile payment system, Apple Pay, that could come in direct competition with eBay's PayPal service. Shares of PayPal's parent were downgraded to Neutral this morning at Piper Jaffray and fell 3% near noon. Also lower following yesterday's presentation by Apple was partner GT Advanced (GTAT), which was downgraded at Goldman, Piper Jaffray and Dougherty and dropped more than 14% after it was revealed that sapphire will be used in the display cover of Apple Watch but not the iPhone 6. INDEXES: Near midday, the Dow was up 16.02, or 0.09%, to 17,029.89, the Nasdaq was up 21.10, or 0.46%, to 4,573.38, and the S&P 500 was up 2.62, or 0.13%, to 1,991.06.
11:18 EDTOMCOmnicom management to meet with Maxim
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10:08 EDTDGFamily Dollar confirms Dollar General unsolicited tender offer
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10:06 EDTDGFamily Dollar confirms Dollar General unsolicited tender offer
09:27 EDTDGDollar General tender for Family Dollar a logical next step, says Wells Fargo
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06:19 EDTDGDollar General commences tender offer to acquire Family Dollar for $80/share
Dollar General (DG) announced that it has commenced a tender offer to acquire all outstanding shares of Family Dollar Stores (FDO) for $80.00 per share in cash. The offer is scheduled to expire at 5:00 p.m., New York City time, on October 8, 2014, unless the offer is extended. The full terms, conditions and other details of the tender offer are set forth in the offering documents that Dollar General will file today with the SEC. Dollar General also will promptly file for clearance under the Hart-Scott-Rodino Act, which will allow the company to begin the antitrust approval process with the FTC. Dollar Generalís all-cash offer of $80.00 per share provides Family Dollar shareholders with a "superior valuation" to the $74.50 per share cash / stock offer announced by Dollar Tree (DLTR) on July 28, 2014. Dollar Generalís offer provides Family Dollarís shareholders with approximately $640M of additional aggregate value over Dollar Treeís offer. As part of a definitive merger agreement with Family Dollar, Dollar General would be willing to agree to divest up to 1,500 stores if required by the FTC and to pay Family Dollar a $500M reverse break-up fee if the transaction did not close for reasons related to antitrust approvals.
06:01 EDTDGDollar General commences tender offer to acquire Family Dollar for $80/share
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September 9, 2014
10:18 EDTDGDollar General listed among 5 largest long positions by Jana Partners
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09:06 EDTOMCAdelphi Worldwide acquires The Planning Shop International
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07:18 EDTSSEStephens to hold an investor trip
Energy: Oilfield Services Investor Plane Trip travels throughout Texas and Oklahoma on September 9-10.
September 8, 2014
13:26 EDTDGDollar General management to meet with Sterne Agee
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