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Stock Market & Financial Investment News

News Breaks
December 21, 2012
12:59 EDTNYX, ICEICE to pay NYSE $750M if merger fails to gain antitrust clearance
In an SEC filing earlier this morning, potential penalties and other stipulations for both parties in the proposed IntercontinentalExchange (ICE) and NYSE Euronext (NYX) merger were outlined. Under the merger agreement, neither NYSE Euronext nor ICE may solicit competing proposals or, subject to exceptions that permit their respective boards of directors to take actions required by their fiduciary duties, participate in any discussions or negotiations regarding alternative business combination transactions. Either NYSE Euronext or ICE may terminate the merger agreement under certain specified circumstances, including if its respective board of directors determines in good faith that it has received a ôsuperior proposal," and the party that is not entering into the superior proposal will be entitled to a fee of $300M. In addition, in the event that either the NYSE Euronext board or the ICE board changes it recommendation under the terms of the merger agreement other than for a superior proposal, then the party changing its recommendation must pay the other $450M. In the case of a failure to obtain required antitrust clearances or regulatory approval prior to the termination date and subject to certain other conditions, the merger agreement provides for ICE to pay NYSE Euronext a $750M fee upon termination.
News For ICE;NYX From The Last 14 Days
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November 19, 2014
07:47 EDTICEKeefe Bruyette to hold a conference
Securities Brokerage & Market Structure Conference is being held in New York on November 19 with webcasted company presentations to begin at 7:45 am. Webcast Link
November 10, 2014
07:08 EDTICECredit Suisse to hold a conference
2014 Boston Financials 1:1 Conference to be held in Boston on November 10-11.
November 6, 2014
09:59 EDTICEOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ANSYS (ANSS) downgraded to Hold from Buy at Benchmark Co.... AcelRx (ACRX) downgraded to Neutral from Buy at Mizuho... American Eagle Energy (AMZG) downgraded to Market Perform from Outperform at Northland... American Electric (AEP) downgraded to Market Perform from Outperform at Wells Fargo... Blucora (BCOR) downgraded to Market Perform from Outperform at Barrington... ChemoCentryx (CCXI) downgraded to Market Perform at Cowen... Coeur Mining (CDE) downgraded to Sell from Hold at Deutsche Bank... Cornerstone OnDemand (CSOD) downgraded to Equal Weight from Overweight at Stephens... Cott Corp. (COT) downgraded to Hold from Buy at Stifel... Dassault Systemes (DASTY) downgraded to Neutral from Buy at Citigroup... Duke Energy (DUK) downgraded at Evercore ISI... Enphase Energy (ENPH) downgraded to In-Line from Outperform at Imperial Capital... Fiesta Restaurant (FRGI) downgraded to Neutral from Buy at Longbow... Fox Factory (FOXF) downgraded to Neutral from Outperform at RW Baird... Genworth (GNW) downgraded to Neutral from Buy at Compass Point... Hormel Foods (HRL) downgraded to Market Perform from Outperform at BMO Capital... IntercontinentalExchange (ICE) downgraded to Hold from Buy at Deutsche Bank... Ironwood (IRWD) downgraded to Sell from Hold at Cantor... Lloyds Banking (LYG) downgraded to Market Perform from Outperform at Bernstein... Meridian Bioscience (VIVO) downgraded to Neutral from Outperform at RW Baird... Neenah Paper (NP) downgraded to Neutral from Buy at DA Davidson... Philip Morris (PM) downgraded to Underperform from Outperform at CLSA... ProAssurance (PRA) downgraded to Market Perform from Outperform at Raymond James... Rex Energy (REXX) downgraded to Neutral from Outperform at RW Baird... S&T Bancorp (STBA) downgraded to Neutral from Buy at Guggenheim... Solazyme (SZYM) downgraded to Market Perform from Outperform at Cowen... Sykes Enterprises (SYKE) downgraded to Neutral from Outperform at RW Baird... Tangoe (TNGO) downgraded to Hold from Buy at Stifel... Web.com (WWWW) downgraded to Neutral from Overweight at JPMorgan... WesBanco (WSBC) downgraded to Neutral from Buy at Guggenheim... Wisconsin Energy (WEC) downgraded to Market Perform from Outperform at Wells Fargo.
06:18 EDTICEIntercontinentalExchange downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded IntercontinentalExchange to Hold citing valuation following the company's Q3 results. The firm raised its price target for shares to $230 from $220.

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