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Stock Market & Financial Investment News

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January 23, 2013
14:55 EDTEXR, EXR, EXR, RAH, RAH, RAH, CAG, CAG, CAGExtra Space Storage to be added to S&P 400; Ralcorp deleted as of 1/29 close
S&P 500 constituent ConAgra Foods (CAG) is acquiring Ralcorp (RAH) in a deal expected to be completed on or around that date, pending final approvals.
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June 20, 2013
06:04 EDTCAGConAgra added to Top Picks Live list at Citigroup
Citigroup added ConAgra to its Top Picks Live list citing an attractive risk/reward profile and reiterates a Buy rating on the stock. Citi sees potential upside to estimates in ConAgra's Q4 from margin improvement and calls the company its new top pick in U.S. Food. The firm has a $41 price target for shares.
June 17, 2013
10:10 EDTEXROn The Fly: Analyst Upgrade Summary
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07:15 EDTEXRExtra Space Storage agrees to acquire 20 self storage properties
Extra Space Storage announced today that its operating partnership subsidiary, Extra Space Storage entered into a Contribution Agreement with various companies affiliated with All Aboard Mini Storage and Lance D. Alworth, as principal to acquire 20 self-storage facilities. The transaction is currently expected to close by the end of the third quarter of 2013, subject to due diligence and other customary closing conditions. The Properties are located in California and include approximately 14,800 self storage units, containing approximately 1.5M square feet of net rentable space. The aggregate consideration for the Properties is valued at approximately $196M, excluding transaction costs, including taking the Properties subject to approximately $100.1M of existing loans. The company will pay an additional $10.1M related to the defeasance and prepayment costs associated with these loans.
06:39 EDTEXRExtra Space Storage upgraded to Strong Buy from Outperform at Raymond James
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