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Stock Market & Financial Investment News

News Breaks
March 12, 2013
06:32 EDTGDI, CTLStocks with implied volatility below IV index mean; GDI CTL
Stocks with implied volatility below IV index mean; Gardner Denver (GDI), CenturyLink (CTL) according to iVolatility.
News For GDI;CTL From The Last 14 Days
Check below for free stories on GDI;CTL the last two weeks.
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September 17, 2014
10:13 EDTCTLRackspace sinks after deciding to remain independent
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September 15, 2014
15:54 EDTCTLRackspace Hosting calls active, CenturyLink said to have financing says blog
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15:46 EDTCTLCenturyLink said to have lined up financing for Rackspace, says Betaville blog
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06:53 EDTCTLRackspace downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded Rackspace (RAX) to Neutral citing a balanced risk/reward following last week's rally in shares. The firm is skeptical of a potential takeover by CenturyLink (CTL) and keeps a $37 price target for the stock. JPMorgan says the current valuation already assumes a deal happens.
September 12, 2014
16:44 EDTCTLMarket ends week lower as investors fret over Fed statement
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September 9, 2014
08:27 EDTCTLCenturyLink could buy Rackspace for under $50/share, says Citigroup
Citigroup believes CenturyLink (CTL) could "financially digest" a potential acquisition of Rackspace (RAX) under $50 per share, using up to 50% in cash. Citi says that based on its initial basis, it would take a neutral view for a possible buyout under $40 per share, while adding that CenturyLink could trade lower if it were to pay more than $50 for Rackspace. Citi has a Neutral rating on CenturyLink with a $40 price target.
07:52 EDTCTLCenturyLink could be interested in Rackspace at right price, says UBS
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September 8, 2014
16:18 EDTCTLOn The Fly: Closing Wrap
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11:24 EDTCTLRackspace trades higher following report CenturyLink in talks to buy company
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10:58 EDTCTLCenturyLink would need to issue stock, raise debt to buy Rackspace, Re/code says
Following a Bloomberg report that said CenturyLink (CTL) is interested in buying Raxspace (RAX), Re/code's Arik Hesseldahl noted that CenturyLink has "practically no cash" and would have to issue stock and likely take on "significant debt" to make such an acquisition, though the author also noted that CenturyLink has a history of structuring such deals. However, Hesseldahl believes Rackspace remaining independent is still the "more likely scenario" than the company being bought. Reference Link
09:12 EDTCTLOn The Fly: Pre-market Movers
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08:58 EDTCTLRackspace risk/reward remains compelling, says Wells Fargo
Wells Fargo says that even with some takeout speculation being priced into Rackspace (RAX)shares today following reports that CenturyLink (CTL) is in talks to buy the company, the risk/reward on the stock remains compelling. Wells believes Rackspace either gets acquired at a premium or stays independent and announces a share buyback of $900M. The firm keeps an Outperform rating on the name.
08:36 EDTCTLRackspace Hosting volatility expected to move on acquisition report
Rackspace Hosting (RAX) volatility is expected to move on CenturyLink (CTL) looking to acquire says Bloomberg, citing sources. Overall option implied of 37 is below its 26-week average of 46 according to Track Data, suggesting decreasing price movement.
September 7, 2014
16:22 EDTCTLCenturyLink said to seek Rackspace acquisition, Bloomberg says
Louisiana-based landline phone service provider CenturyLink (CTL), is looking to acquire cloud computing company Rackspace Hosting (RAX), says Bloomberg, citing sources. Sources say a deal may not be reached for Rackspace Hosting, which currently has a stock market valuation of $5.33B, added Bloomberg. Reference Link

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