Endurance downgraded to Neutral from Buy at Goldman Goldman downgraded Endurance to Neutral due to valuation and expectations shares will trade more in-line with the sector given re-investments and M&A pursuits. Price target remains $15.
Surgical Care Affiliates to replace Constant Contact in S&P 600 as of 2/11 close Endurance International Group Holdings (EIGI) is acquiring Constant Contact (CTCT) in a deal that was completed February 9.
Endurance pulls loan earmarked for Constant Contact takeover, Bloomberg says Endurance International (EIGI) withdrew a $735M loan Monday that was intend to help fund its $1.1B takeover of Constant Contact (CTCT), reported Bloomberg, citing a person with knowledge of the matter. A representative for Endurance didn't immediately respond to a telephone call seeking comment, the report noted. Shares of Constant Contact are down 5% in pre-market trading following the report.