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Stock Market & Financial Investment News

News Breaks
June 19, 2014
10:18 EDTTEX, HSP, BOBE, NFX, EEP, ASML, SNMX, CCE, HWAYHigh option volume stocks:
High option volume stocks: HWAY ASML BOBE CCE ASHR EEP HSP SNMX NFX TEX
News For HWAY;ASML;BOBE;CCE;EEP;HSP;SNMX;NFX;TEX From The Last 14 Days
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January 26, 2016
15:41 EDTTEXTerex discount to Zoomlion offer shows skepticism about deal, says RBC Capital
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13:35 EDTTEXTerex resumes, up 48% after receiving $30/share takeover offer from Zoomlion
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13:20 EDTTEXManitowoc calls active after Terex receives takeover proposal from Zoomlion
Manitowoc (MTW) February 15 and 16 calls are active on total call volume of 4300 contracts (2000 puts) after Terex (TEX) receives takeover proposal from Zoomlion. February call option implied volatility is at 61, March is at 58; compared to its 52-week range of 27 to 62. Active call volume suggests traders taking positions for large price movement.
13:17 EDTTEXJoy Global calls active after Terex receives takeover proposal from Zoomlion
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13:14 EDTTEXJoy Global up 12% after Terex receives takeover proposal from Zoomlion
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13:12 EDTTEXTerex: Board hasn't changed recommendation of proposed deal with Konecranes
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13:12 EDTTEXTerex says Zoomlion offers to acquire company for $30 per share in cash
13:12 EDTTEXManitowoc up 16% after peer Terex confirms receipt of unsolicited takeover bid
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13:11 EDTTEXTerex confirms receipt of unsolicited propsoal from Zoomlion
Terex Corporation announced that it has received an unsolicited, non-binding acquisition proposal from Zoomlion Heavy Industry Science and Technology to acquire all of the outstanding shares of Terex for $30.00 in cash. The proposal is conditioned on, among other things, receipt of US and Chinese regulatory approval and Zoomlion shareholder approval. Terex previously announced that it had entered into a Business Combination Agreement with Konecranes Plc providing for a combination of Terex and Konecranes. The Terex Board of Directors has not changed its recommendation of the proposed combination with Konecranes. Terex has entered into a confidentiality agreement with Zoomlion and is in discussions with Zoomlion regarding the proposal. Consistent with its fiduciary duties, the Terex Board of Directors, in consultation with its legal and financial advisors, is carefully reviewing the Zoomlion proposal to determine the course of action that it believes is in the best interests of Terex shareholders. Terex will have no further comment until the Board has completed its review. Credit Suisse Securities and Moelis & Company are serving as financial advisors to Terex and Fried Frank Harris Shriver & Jacobson LLP, Bryan Cave LLP and Avance Attorneys Ltd are acting as legal counsel to Terex.
12:48 EDTTEXTerex halted for news after jumping 17%
Shares of Terex (TEX) are halted for news pending after Bloomberg reported that the company rebuffed a takeover approach from China's Zoomlion. The stock jumped 17% to $17.57 following the halt. Shares of Manitowoc (MTW), a fellow manufacturer of cranes and other capital goods, are up in sympathy. The stock is up 8% to $14.05 at the time of the Terex halt.
12:44 EDTTEXTerex trading halted, pending news
11:55 EDTTEXManitowoc spikes after report of peer Terex rebuffing takeover attempt
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11:49 EDTTEXTerex rebuffed takeover approach from Zoomlion, Bloomberg reports
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11:42 EDTTEXOptions with increasing call volume; TEX MTW MTG SEE KBH SNDK WDC VALE VIAB PII
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11:06 EDTTEXTerex resumes, up 12% after said to rebuff Zoomlion takeover approach
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11:06 EDTTEXTerex February calls active after report of rebuffing Zoomlion
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11:02 EDTTEXTerex jumps 12%, halted for circuit breaker after report of rebuffing Zoomlion
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11:01 EDTTEXTerex turns down takeover approach from Zoomlion, Bloomberg reports
10:01 EDTTEXHigh option volume stocks
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January 25, 2016
09:48 EDTEEPUBS to hold a bus tour
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