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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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November 26, 2014
11:58 EDTDSWDSW upgraded to Neutral from Underperform at Sterne Agee
10:12 EDTDSWOptions with decreasing implied volatility
Options with decreasing implied volatility: VNET GME ARWR GMCR SGMS DSW DANG ARUN JMEI MBLY
06:37 EDTDSWDSW price target raised to $37 from $34 at Credit Suisse
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November 25, 2014
15:02 EDTDSWDSW price target to $40 following Q3 results at Goldman
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09:20 EDTDSWOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Signet Jewelers (SIG), up 2.6%... Tiffany (TIF), up 4.8%... Nuance Communications (NUAN), up 5.1%... Brown Shoe (BWS), up 6.6%... Cracker Barrel (CBRL), up 3.1%... Qihoo 360 (QIHU), up 5.8%... DSW (DSW), up 7.3%. ALSO HIGHER: SinoCoking Coal (SCOK), up 27.9% after aboveground facility operating at 100% capacity. DOWN AFTER EARNINGS: Xcerra (XCRA), down 7.4%... Workday (WDAY), down 8.4%... Brocade (BRCD), down 3.8%... Post (POST), down 7.5%. ALSO LOWER: Wet Seal (WTSL), down 15.8% after announcing that it has not set a timetable for review of strategic and financial alternatives... Medgenics (MDGN), down 11.1% after 5.125M share Spot Secondary priced at $4.10... Pandora (P), down 3.7% after being downgraded to Underperform from Market Perform at FBR Capital... Cyberark Software (CYBR), down 3.7% after receiving multiple downgrades.
07:04 EDTDSWDSW authorized additional $50M under share repurchase program
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07:02 EDTDSWDSW raises FY14 adjusted EPS to $1.55-$1.65 from $1.50-$1.65, consensus $1.59
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07:01 EDTDSWDSW reports Q3 comparable sales up 2l.6%
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07:01 EDTDSWDSW reports Q3 adjusted EPS 56c, consensus 52c
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November 24, 2014
15:20 EDTDSWNotable companies reporting before tomorrow's open
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November 20, 2014
14:36 EDTDSWDSW December volatility elevated into Q4 and outlook
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November 19, 2014
10:00 EDTDSWOn The Fly: Analyst Upgrade Summary
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07:20 EDTDSWDSW upgraded to Positive at Susquehanna
As reported previously, Susquehanna upgraded DSW to Positive from Neutral citing a compelling risk/reward scenario and progress made on recapturing lost margins. The firm raised its price target to $38 from $29 on DSW shares.
06:41 EDTDSWDSW upgraded to Positive from Neutral at Susquehanna
November 14, 2014
16:52 EDTDSWGreenlight Capital gives quarterly update on stakes
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