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Stock Market & Financial Investment News

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July 31, 2014
11:48 EDTHZNP, MU, FAZ, PWE, DLTR, UPRO, KKR, SDS, ASMLOptions with increasing implied volatility
Options with increasing implied volatility: HZNP MU FAZ PWE DLTR UPRO SSO KKR SDS ASML
News For HZNP;MU;FAZ;PWE;DLTR;UPRO;KKR;SDS;ASML From The Last 14 Days
Check below for free stories on HZNP;MU;FAZ;PWE;DLTR;UPRO;KKR;SDS;ASML the last two weeks.
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September 10, 2014
10:08 EDTDLTRFamily Dollar confirms Dollar General unsolicited tender offer
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09:27 EDTDLTRDollar General tender for Family Dollar a logical next step, says Wells Fargo
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06:23 EDTKKRUniCredit head sees loan project completion by end of FY14, Reuters says
Unicredit (UNCFF) CEO Federico Ghizzoni is anticipating a restructured loans project having to do with domestic competitor Intesa Sanpaolo (ISNPY) and KKR (KKR) to be finished by the end of FY14, according to Reuters, citing comments from Ghizzoni. Reference Link
06:19 EDTDLTRDollar General commences tender offer to acquire Family Dollar for $80/share
Dollar General (DG) announced that it has commenced a tender offer to acquire all outstanding shares of Family Dollar Stores (FDO) for $80.00 per share in cash. The offer is scheduled to expire at 5:00 p.m., New York City time, on October 8, 2014, unless the offer is extended. The full terms, conditions and other details of the tender offer are set forth in the offering documents that Dollar General will file today with the SEC. Dollar General also will promptly file for clearance under the Hart-Scott-Rodino Act, which will allow the company to begin the antitrust approval process with the FTC. Dollar General’s all-cash offer of $80.00 per share provides Family Dollar shareholders with a "superior valuation" to the $74.50 per share cash / stock offer announced by Dollar Tree (DLTR) on July 28, 2014. Dollar General’s offer provides Family Dollar’s shareholders with approximately $640M of additional aggregate value over Dollar Tree’s offer. As part of a definitive merger agreement with Family Dollar, Dollar General would be willing to agree to divest up to 1,500 stores if required by the FTC and to pay Family Dollar a $500M reverse break-up fee if the transaction did not close for reasons related to antitrust approvals.
September 9, 2014
17:41 EDTPWEPenn West says audit committee review ongoing
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10:09 EDTHZNPHorizon Pharma initiated with an Outperform at Avondale (pre-open)
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08:33 EDTDLTRDollar Tree, Family Dollar receive second request from FTC under HSR Act
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08:23 EDTKKRU.S. Treasury Dept and U.S. Transportation Dept to co-host a summit
Infrastructure Investment Summit to be held in Washington, D.C. on September 9 with webcasted presentations to begin at 8:30 am. Webcast Link
07:22 EDTMURaymond James to hold a conference
North American Equities Conference to be held in London, England on September 9.
September 8, 2014
05:51 EDTKKRKKR announces ownership of Papresa
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September 5, 2014
16:45 EDTDLTRMarket ends week little changed after mixed economic data
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08:34 EDTDLTRDollar Tree to divest as many stores as required for antitrust approval
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08:33 EDTDLTRFamily Dollar reaffirms support of transaction with Dollar Tree
08:32 EDTDLTRDollar Tree commits to divest as many stores as required for antitrust approval
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08:31 EDTDLTRFamily Dollar rejects revised Dollar General offer due to antitrust issues
Family Dollar Stores (FDO) that its Board of Directors has unanimously rejected the revised, non-binding proposal made by Dollar General Corporation (DG) on September 2 on the basis of antitrust regulatory considerations. Family Dollar’s merger agreement with Dollar Tree (DLTR) contains a customary provision that permits Family Dollar to enter into discussions and share information with any competing bidder, but only if the Board is able to determine that failure to do so would be inconsistent with its fiduciary duties and that the unsolicited, written proposal from the competing bidder would be reasonably expected to lead to a proposal that is not only financially superior, but also “reasonably likely to be completed on the terms proposed.” Howard R. Levine, Chairman and CEO of Family Dollar, said, “Our Board of Directors, with the assistance of outside advisors and consultants, reviewed all aspects of Dollar General’s revised proposal and unanimously concluded that it is not reasonably likely to be completed on the terms proposed. There is a very real and material risk that the transaction proposed by Dollar General would fail to close, after a lengthy and disruptive review process. Accordingly, our Board has rejected Dollar General’s revised proposal and reaffirmed its support of the transaction with Dollar Tree, which delivers attractive value in the form of immediate upfront cash and upside participation in a combined Dollar Tree-Family Dollar entity, as well as closing certainty.” Ed Garden, a Family Dollar director and co-founder and Chief Investment Officer at Trian Fund Management, L.P., a large shareholder of the Company, stated, “We are focused on delivering to Family Dollar shareholders the highest value with certainty, and the Dollar Tree transaction does just that. Dollar Tree has taken the antitrust risk off the table by committing to divest as many stores as necessary to obtain antitrust clearance. We remain fully committed to the Dollar Tree transaction.”
06:27 EDTDLTRNew Dollar General offer might not woo Family Dollar, Reuters says
Dollar General's (DG) improved bid to purchase Family Dollar (FDO) for $9.1B might not be able to reduce its smaller competitors worries that U.S. antitrust regulators will hinder the agreement from transpiring, according to Reuters, citing two sources familiar with the matter. Family Dollar is already in the throes of an agreement to sell itself for $8.5B to Dollar Tree (DLTR). Reference Link
September 4, 2014
13:30 EDTASMLASML reiterates comments on timing of customer deliveries
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13:25 EDTASMLASML says customers continue to evaluate litho delivery timing
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12:50 EDTMUMicron's Adams says market different now due to consolidation, diversification
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06:53 EDTMUMicron reinstated with a Buy at Deutsche Bank
Deutsche Bank reinstated shares of Micron with a Buy rating saying the company's improved profitability and free cash flow generation are sustainable. The firm has a $40 price target for shares.
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