New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 17, 2014
18:31 EDTGOOG, IBM, BGS, STX, INTC, AMD, RP, GTIV, CE, RFMD, SWKS, GOOGL, SLBOn The Fly: After Hours Movers
UP AFTER EARNINGS: Google (GOOG, GOOGL), trading up over 1% after reporting second quarter results... Skyworks Solutions (SWKS), up 8.9% after reporting third quarter results and fourth quarter guidance above analyst estimates... RF Micro Devices (RFMD), up 1% after Skyworks Solutions reported quarterly results... Celanese (CE), up 2.1%. ALSO HIGHER: Gentiva Health (GTIV), up 3.6% after disclosing the receipt of a $17.25 takeover offer. DOWN AFTER EARNINGS: RealPage (RP), down 26.5% after reporting preliminary second quarter revenue below analyst estimates... Advanced Micro Devices (AMD), down 17.7%... Intel (INTC), down fractionally following AMD's second quarter results... Seagate Technology (STX), trading just under 1% after reporting quarterly results... B&G Foods (BGS), down 2.7% after reporting second quarter results and lowering fiscal 2014 guidance... IBM (IBM), down 1.9%... Schlumberger (SLB), down 1%.
News For GOOG;GOOGL;SWKS;RFMD;CE;GTIV;RP;AMD;INTC;STX;BGS;IBM;SLB From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | all recent news | >>
October 9, 2014
14:37 EDTGOOGYahoo looking to make Tumblr another YouTube, Business Insider says
Subscribe for More Information
14:00 EDTAMDTiming of AMD CEO changes suggest another disappointing quarter, says Argus
After AMD announced last night that its CEO has stepped down, Argus notes that the change in the role is the fourth at the company since 2008 and that its suddenness suggests that its just ended quarter, which will be reported on in a week, will be disappointing. The firm believes executive turnover adds to the view that AMD’s business model is flawed or broken and Argus maintains its Hold rating on the stock.
12:30 EDTGTIVOn The Fly: Midday Wrap
Subscribe for More Information
11:05 EDTSTXSeagate court win net-neutral to Western Digital, says Brean Capital
Brean Capital believes Seagate's (STX) $800M arbitration appeal victory over Western Digital (WDC) was not entirely unexpected. The firm sees the ruling as an incremental positive for Seagate and believes it will have no impact to Western Digital's operations or capital allocation, noting that the company had already accrued liability of $758M and that its intends to make payment using foreign-based cash. Brean reiterates its Buy ratings on both stocks.
10:00 EDTAMDOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:35 EDTGTIVKindred Healthcare sees Gentiva deal closing in 1Q15
Subscribe for More Information
09:20 EDTAMDOn The Fly: Pre-market Movers
Subscribe for More Information
09:01 EDTCECelanese, Indian Oil Corp sign MOU to explore TCX fuel ethanol plant in India
Subscribe for More Information
08:46 EDTGTIVKindred sees 'significant,' 'achievable' synergies from Gentiva deal
Kindred (KND) says it expects to issue in aggregate $620M-$720M of equity to maintain reasonable leverage. Says will issue Gentiva (GTIV) shareholders $200M in Kindred stock as part of purchase consideration, plans to raise $200M-$300M in equity and/or mandatory convertible securities between announcement and close. Says integration teams assembled, ready to be deployed immediately upon closing. Comments from slides that will be presented on Kindred's conference call discussing the proposed acquisition of Gentiva.
08:45 EDTGTIVGentiva volatility low into being acquired by Kindred for $1.8B
Subscribe for More Information
08:38 EDTGTIVKindred volatility flat into acquiring Gentiva for $1.8B
Subscribe for More Information
08:27 EDTGTIVKindred sees Gentiva deal immediately and significantly accretive
Kindred (KND) expects the acquisition of Gentiva (GTIV) will be immediately and significantly accretive to earnings and operating cash flows, exclusive of transaction and integration costs. Kindred expects the acquisition to be approximately 40c-60c accretive to pro forma earnings, and pro forma operating cash flows of $350 million to $400 million, both on a run rate basis, once Gentiva is fully integrated and expected synergies are fully realized in the second full year following the closing. On this same basis, following the combined company’s expected annual maintenance capital expenditures of $120 million to $130 million, Kindred expects pro forma cash flows of $230 million to $270 million. Kindred has identified approximately $70 million of annual cost and operating synergies and expects to achieve the full run rate within two years of closing, of which approximately $35 million is expected to be achieved in the first year following the closing. Kindred expects the majority of cost synergies to be achieved through combining information technology functions, merging supply chains and eliminating redundant public company expenses. In addition, Kindred expects to realize revenue synergies that will improve patient care transitions and choice, and drive volume growth as a result of cross-selling across the combined service platform. Kindred expects annual run rate revenue synergies of more than $60 million over time, with approximately $20 million to $30 million achievable in the first full year following the closing.
08:26 EDTGTIVKindred Healthcare says combined company to operate in 47 states
Subscribe for More Information
08:25 EDTGTIVKindred to acquire Gentiva for $19.50 per share in cash and stock, or $1.8B
Kindred Healthcare (KND) and Gentiva Health Services (GTIV) announced that the companies have entered into a definitive merger agreement under which Kindred will acquire all of the outstanding shares of Gentiva common stock for $19.50 per share in a combination of cash and stock. The agreement was unanimously approved by the boards of directors of both companies. Under the terms of the agreement, Gentiva shareholders will receive $14.50 per share in cash and $5.00 of Kindred common stock. The transaction is valued at $1.8 billion, including the assumption of net debt. The companies expect the closing of the transaction to occur in the first quarter of 2015. The combined company will: Employ approximately 109,000 individuals, making it the 78th largest private employer and the 4th largest healthcare employer in the United States; Deliver pro forma annual revenues of approximately $7.1 billion; and Generate pro forma operating income, including expected cost synergies, of $1.0 billion. Paul J. Diaz, CEO of Kindred, said, “Over the last eight weeks, we undertook a robust due diligence process and worked closely and constructively with our counterparts at Gentiva to better understand their operations, financial results and outlook. This process confirmed the compelling strategic rationale and industrial logic of this combination, as well as our belief that this transaction is in the best interests of both companies and our respective shareholders, patients, employees and business partners." Kindred has obtained committed financing from Citi and J.P. Morgan in connection with the pending transaction. Subject to market and other conditions, the Company expects to finance the acquisition of Gentiva and associated costs through the issuance of $200 million to $300 million of common stock and mandatory convertible equity securities and $1.3 billion to $1.4 billion of unsecured notes prior to the closing of the acquisition. The Company expects to fund the remaining amounts through its existing line of credit. Following completion of the transaction, Kindred expects to have approximately 85 million fully diluted shares outstanding, comprised primarily of approximately 64 million shares outstanding today, approximately 10 million shares to be issued to Gentiva as part of the transaction consideration, and approximately nine million to 12 million shares associated with the expected offering of common stock and mandatory convertible equity securities. The Gentiva acquisition is subject to certain conditions, including the approval by the stockholders of Gentiva. Kindred and Gentiva have already received clearance for the transaction under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
08:23 EDTGTIVKindred to acquire Gentiva for $19.50 per share in cash and stock
Subscribe for More Information
08:08 EDTAMDAMD downgraded at Wedbush
Subscribe for More Information
07:11 EDTAMDAMD downgraded to Neutral from Outperform at Wedbush
Subscribe for More Information
07:03 EDTINTCIntel quarter to be in-line or modestly better, says Piper Jaffray
Piper Jaffray expects Intel's quarterly results on October 14 to be in-line to modestly above consensus. The firm's channel checks indicate PC demand trends will remain stable into year-end amid solid corporate demand. Piper reiterates an Overweight rating on Intel with a $37 price target.
06:29 EDTGOOGIDC: Worldwide PC shipments down 1.7% in Q3, DigiTimes reports
Worldwide PC shipments are down 1.7% with 78.5M units shipped in Q3, reports DigiTimes, citing the IDC. Shipments in the US grew 4.3% to 17.3M, with growth centered from strong momentum in te portables category. Reference Link
06:26 EDTGOOGGoogle's tax arrangement facing new challenge by France, WSJ reports
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use