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Stock Market & Financial Investment News

News Breaks
March 18, 2013
05:55 EDTDSW, DSW, FDS, FDS, RTK, RTK, SVNT, SVNT, SBLK, SBLKCompanies reporting Before the Market Open on Tuesday, March 19
Notable companies reporting before the opening bell on Tuesday include DSW (DSW), FactSet Research Systems (FDS), Rentech (RTK), Savient Pharmaceuticals (SVNT), and Star Bulk Carriers (SBLK).
News For DSW;FDS;RTK;SVNT;SBLK From The Last 14 Days
Check below for free stories on DSW;FDS;RTK;SVNT;SBLK the last two weeks.
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April 15, 2014
06:33 EDTDSWDSW acquires approximately 44% interest in Town of shoes in Canada
DSW Inc. and Town Shoes announced that they have entered into a definitive agreement whereby DSW Inc. will purchase for cash approximately 44% interest in Town Shoes for approximately $62M. The transaction has been approved by each company's board and is expected to close in May. DSW Inc. is purchasing its initial 44% stake from AIMCo and may acquire additional shares from certain other minority shareholders as part of its initial investment. Additionally, DSW Inc. will have the right to purchase the balance of Town Shoes from the remaining shareholders, including Callisto Capital, after four years at a pre-determined EBITDA multiple. Callisto, on behalf of itself and the remaining shareholders, has the right to put the balance of the company to DSW Inc. after three years at a pre-determined EBITDA multiple. DSW Inc.'s initial stake provides 50% voting control and board representation, both of which are equal to that of Callisto. The transaction, which the company anticipates to record under the equity method, is expected to be slightly accretive to earnings in FY14, excluding one-time transaction expenses.
06:30 EDTDSWDSW acquires approximately 44% interest in Town of shoes in Canada
April 10, 2014
12:00 EDTRTKRentech rises 14.9%
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09:17 EDTRTKRentech announces settlement agreement with CRS
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09:16 EDTRTKRentech announces $150M investment from Blackstone's GSO Capital
Rentech (RTK) announced that GSO Capital Partners LP, the credit investment arm of Blackstone (BX), will invest $150M in Rentech in the form of $100M of convertible preferred stock and a $50M term loan. The transactions closed on April 9. In connection with this investment, Blackstone/GSO appointed two members to Rentech’s Board of Directors: Douglas Ostrover, a senior managing director of Blackstone and co-founder of GSO Capital Partners, and Patrick Moore, the former chairman and chief executive officer of Smurfit-Stone Container Corporation, a paper-based packaging company with significant wood fibre operations. Rentech also announced a settlement with Concerned Rentech Shareholders, whereby CRS will approve an additional member to join Rentech’s Board of Directors and the board’s newly formed Finance Committee. Proceeds from Blackstone/GSO’s investment will fund identified growth opportunities in Rentech’s wood fibre processing business. Rentech also announced changes to its Board of Directors today: Douglas Ostrover, senior managing director of Blackstone and co-founder of GSO Capital Partners, has joined the board. Mr. Ostrover brings shareholder representation and significant finance experience. He has personally overseen GSO’s deployment of $65 billion of capital. Mr. Ostrover will be the chairman of the board’s Finance Committee. Blackstone/GSO appointed Patrick J. Moore, former chairman and chief executive officer of Smurfit-Stone Container Corporation, to the board.
April 8, 2014
09:04 EDTDSWDSW division is new exclusive retail operator for the Yellow Box brand
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07:21 EDTFDSFactSet growth can be boosted by wealth management opportunity, says Stifel
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April 3, 2014
07:32 EDTDSWAlliance Data signs long-term agreement with DSW
Alliance Data Systems Corporation (ADS) has signed a long-term agreement to provide co-brand credit card services for DSW (DSW).
April 2, 2014
10:00 EDTDSWOn The Fly: Analyst Upgrade Summary
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05:32 EDTDSWDSW upgraded to Hold from Sell at Brean Capital
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