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Stock Market & Financial Investment News

News Breaks
February 24, 2014
08:05 EDTSWY, HAWKBlackhawk weakness creates buying opportunity, says Wells Fargo
Wells Fargo believes that Blackhawk's (HAWK) stock has dropped due to weak 2014 guidance and fear of selling pressure from a future distribution of Blackhawk shares to Safeway (SWY) holders. The firm thinks that Blackhawk has an attractive secular growth profile and a compelling valuation.
News For HAWK;SWY From The Last 14 Days
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December 19, 2014
16:23 EDTSWYSupervalu to provide distribution, transition services to Haggen
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16:08 EDTSWYSafeway, Albertsons confirm agreements to sell 168 stores to four buyers
AB Acquisition LLC and Safeway (SWY) announced that they have entered into agreements, subject to approval by the Federal Trade Commission to sell 168 stores across eight states to four buyers: Associated Food Stores will purchase eight stores in Montana and Wyoming; Associated Wholesale Grocers / Minyards will purchase 12 stores in Texas; SUPERVALU (SVU) will purchase two stores in Washington; and Haggen will purchase 146 stores across Arizona, California, Nevada, Oregon and Washington. Divestiture of these stores is being undertaken in order to secure FTC clearance of the companies' proposed merger, which was announced in March and is expected to close in January 2015. The purchase agreements with the four buyers are all subject to approval by the FTC. Under the terms of the purchase agreements, the buyers will acquire the stores, equipment and inventory, and they intend to hire most, if not all, of the store employees upon the closing of the purchase of the stores.
December 9, 2014
09:04 EDTHAWKBlackhawk and USPS announce distribution deal
Blackhawk Network announced a new distribution deal with the United States Postal Service. Blackhawk's closed loop gift cards are available at select USPS locations, just in time for the holidays. Coming in 2015, Blackhawk Network expects to expand distribution to additional USPS locations as well as offer open loop gift cards from a variety of payment networks which can be redeemed anywhere that network is accepted.
December 8, 2014
14:44 EDTHAWKBlackhawk price target increased to $44 from $31 at Argus
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