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Stock Market & Financial Investment News

News Breaks
July 30, 2014
07:36 EDTFTD, LINTA, LVNTAFTD Companies to aqquire Liberty's floral and gifting businesses
FTD Companies (FTD) and Liberty Interactive (LINTA, LINTB, LVNTA, LVNTB) announced that they have executed a definitive agreement under which FTD will acquire Liberty's Provide Commerce floral and gifting businesses. Under the terms of the $430M transaction, Liberty will receive 10.2M shares of FTD common stock representing 35% of the combined company and $121M in cash. FTD and Liberty expect to complete the transaction by the end of 2014. The strategic combination of FTD's brand and floral network with the Provide Commerce collection of consumer gifting e-commerce brands, which include ProFlowers, Shari's Berries and Personal Creations. The transaction will unite two highly complementary businesses, generate material cost synergies and create a team with "best-in-class" operating strategies. Together, FTD and Provide Commerce, each with over $600M in annual revenues, will offer consumers innovative and expansive floral and gift products and an enhanced shopping experience. The combination is expected to generate more than $25M in annual synergies within 36 months of closing, with a goal of creating incremental value for FTD stockholders over time.
News For FTD;LINTA;LVNTA From The Last 14 Days
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October 22, 2014
10:09 EDTFTDOn The Fly: Analyst Initiation Summary
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October 21, 2014
16:18 EDTFTDFTD Companies initiated with a Buy at B. Riley
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October 16, 2014
16:11 EDTLVNTAEton Park reports 5.36% passive stake in Liberty Ventures

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