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Stock Market & Financial Investment News

News Breaks
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.
News For DSW From The Last 14 Days
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August 26, 2015
09:30 EDTDSWDSW selloff after earnings overdone, says William Blair
William Blair analyst Amy Noblin acknowledged that DSW's Q2 sales were light compared to expectations, but said the quarter was "solid" overall in her view and attributes the post-earnings selloff to concerns regarding strength in athletic footwear, to which DSW is under-exposed, and limited margin recapture given its investments. However, Noblin said she is encouraged that DSW keeps showing positive comp and margin performance and remains positive on the shares.
09:07 EDTDSWDSW price target lowered to $37 from $44 at Jefferies
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08:08 EDTDSWDSW price target lowered to $37 from $46 at Canaccord
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August 25, 2015
16:43 EDTDSWOn The Fly: Top stock stories for Tuesday
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09:13 EDTDSWOn The Fly: Pre-market Movers
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07:03 EDTDSWDSW backs FY15 EPS $1.80-$1.90, consensus $1.91
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07:02 EDTDSWDSW reports Q2 EPS 42c, consensus 42c
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August 24, 2015
15:09 EDTDSWNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Best Buy (BBY), consensus 34c... Toll Brothers (TOL), consensus 49c... Valspar (VAL), consensus $1.26... DSW (DSW), consensus 42c... Children's Place (PLCE), consensus (33c).
August 20, 2015
09:30 EDTDSWDSW Q2 revenue tracking below consensus, says ITG Research
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