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Stock Market & Financial Investment News

News Breaks
April 25, 2014
10:16 EDTIBN, EWG, ADI, CYTK, ABC, HBIHigh option volume stocks: HBI ABC CYTK ADI EWG IBN
News For HBI;ABC;CYTK;ADI;EWG;IBN From The Last 14 Days
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February 26, 2015
14:03 EDTABCGabelli liquidates 7.69% stake in MWI Veterinary Supply
As a result of the completion of the acquisition of the company by the AmerisourceBergen (ABC), Gabelli no longer has beneficial ownership of any of the company's shares.
05:39 EDTCYTKCytokinetics announces publication of preclinical data relating to CK-2127107
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February 25, 2015
09:15 EDTHBIHanesbrands price target raised to $150 from $127 at Janney Capital
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February 24, 2015
16:22 EDTHBIHanesbrands to acquire Knights Apparel at enterprise value of $200M
HanesBrands announced that it has entered into a definitive purchase agreement to acquire Knights Apparel, a seller of licensed collegiate logo apparel in the mass retail channel. Hanes is purchasing Knights, which is forecast to have sales of approximately $180M for the full-year 2015, from affiliates of Merit Capital Partners. The all-cash transaction values Knights at approximately $200M on an enterprise-value basis, or approximately 8 times expected full-year 2015 EBITDA. The post-synergy multiple is expected to be approximately 4˝ times EBITDA. Hanes intends to fund the acquisition with cash on hand and short-term borrowings on its revolving credit facility. The acquisition, which is subject to antitrust review and other customary closing conditions, is expected to close early in the second-quarter 2015. Assuming an early second-quarter close, the acquisition is expected to add to the company’s previously stated presplit 2015 financial guidance by approximately $160M in net sales, approximately $18M in adjusted operating profit excluding actions, and approximately 10c to presplit adjusted earnings per share excluding actions. Within two to three years when full synergies and benefits are realized, the purchase of Knights is expected to contribute approximately 30c of presplit annual adjusted EPS.
15:18 EDTABCAmerisourceBergen completes acquisition of MWI Veterinary Supply
AmerisourceBergen (ABC) announced the completion of its acquisition of MWI Veterinary Supply (MWIV). At the effective time of the merger, all remaining shares of MWI common stock not tendered into the tender offer were converted into the right to receive $190 in cash, without interest and less any applicable withholding taxes, which is the same price that was paid in the tender offer. As a result of the transaction, MWI has become a wholly owned subsidiary of AmerisourceBergen.
07:36 EDTABCAmerisourceBergen completes tender offer for MWI Veterinary Supply shares
AmerisourceBergen Corporation (ABC) has successfully completed its tender offer to purchase all outstanding shares of MWI Veterinary Supply (MWIV) common stock for $190.00 per share in cash, without interest and less any applicable withholding taxes. The tender offer expired at 11:59 p.m., New York City time, on February 23. As of the expiration of the tender offer, 10,096,484 shares had been validly tendered and not validly withdrawn, representing approximately 78.1% of MWI's outstanding shares of common stock on a fully diluted basis. All conditions to the tender offer have been satisfied, and AmerisourceBergen has accepted for payment and will promptly pay the depositary for all validly tendered shares. AmerisourceBergen expects to complete the acquisition of MWI later today through a merger without a vote or meeting of MWI's stockholders.
February 22, 2015
21:52 EDTABCVascular Solutions to replace MWI Veterinary Supply in S&P 600 as of 2/23 close
S&P 500 constituent AmerisourceBergen (ABC) is acquiring MWI Veterinary Supply (MWIV) in a transaction expected to be completed soon.
February 17, 2015
18:36 EDTADIOn The Fly: After Hours Movers
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16:16 EDTADIAnalog Devices sees Q2 EPS 70c-74c, consensus 69c
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16:16 EDTADIAnalog Devices reports Q1 EPS 63c, consensus 61c
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16:02 EDTADIAnalog Devices raises quarterly dividend to 40c per share from 37c per share
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15:32 EDTADINotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Devon Energy (DVN), consensus $1.05... Vornado Realty (VNO), consensus $1.23... Analog Devices (ADI), consensus 61c... FirstEnergy (FE), consensus 75c... CF Industries (CF), consensus $5.08... Agilent Technologies (A), consensus 41c... Cimarex Energy (XEC), consensus 82c... Flowserve (FLS), consensus $1.13... Fossil (FOSL), consensus $3.07... Rackspace (RAX), consensus 19c... Norwegian Cruise Line (NCLH), consensus 37c... Jack in the Box (JACK), consensus 87c... Cloud Peak Energy (CLD), consensus 7c... La-Z-Boy (LZB), consensus 38c... KAR Auction Services (KAR), consensus 29c... Owens & Minor (OMI), consensus 50c... Valmont Industries (VMI), consensus $1.65... Realty Income (O), consensus 66c.
08:04 EDTADIAnalog Devices says Elster selects ADF7241 smart meter for 50M homes
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