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Stock Market & Financial Investment News

News Breaks
July 7, 2014
10:29 EDTINFA, UBS, SIMO, URS, SNX, TWO, BRFS, MTL, CBSO, FTNTHigh option volume stocks:
High option volume stocks: INFA CBSO MTL BRFS TWO SNX URS SIMO UBS FTNT
News For INFA;CBSO;MTL;BRFS;TWO;SNX;URS;SIMO;UBS;FTNT From The Last 14 Days
Check below for free stories on INFA;CBSO;MTL;BRFS;TWO;SNX;URS;SIMO;UBS;FTNT the last two weeks.
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July 14, 2014
06:15 EDTINFAInformatica upgraded to Overweight from Equal-Weight at Evercore
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July 13, 2014
14:06 EDTURSAECOM sees URS deal accretive to GAAP EPS in FY15
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14:02 EDTURSAECOM backs FY14 EPS view in lower range of $2.50-$2.60, consensus $2.49
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13:54 EDTURSAECOM Technology to acquire URS for $56.31 per share
AECOM Technology (ACM) and URS (URS) announced the execution of a definitive agreement under which AECOM will acquire all outstanding shares of URS for a combination of cash and stock valued at approximately $4B or $56.31 per URS share, based on the AECOM closing share price as of July 11. Including the assumption of URS debt, the total enterprise value of the transaction is approximately $6B. The combined company will be a leading, fully integrated infrastructure and federal services provider with more than 95,000 employees in 150 countries. It would have calendar year 2013 pro forma revenues of more than $19B and EBITDA of approximately $1.3B. AECOM will pay $56.31 per URS share, based on AECOM’s closing price on July 11, representing a premium of 19% over the trailing 30-day average closing price of URS shares ending July 11. URS stockholders will receive per share consideration equal to $33 in cash and 0.734 shares of AECOM common stock for each URS share. URS stockholders may elect to receive all cash or all stock consideration, subject to proration in the event of oversubscription. The election will be subject to a customary proration mechanism to achieve an aggregate consideration mix of approximately 59% cash and 41% AECOM common shares. The stock portion of the consideration is expected to be tax-free to URS stockholders. AECOM expects the combination to be accretive to its GAAP earnings per share and more than 25% accretive to its cash earnings per share in fiscal year 2015, excluding transaction-related costs. AECOM also expects annual cost synergies of $250M, nearly all of which it expects to achieve by the end of fiscal year 2016. These synergy expectations are based on the due diligence and planning that have already been conducted. Including the realization of expected synergies, the approximately $6B enterprise value of the transaction is less than 7x pro forma 2015 URS EBITDA. The terms of the definitive agreement have been unanimously approved by the Boards of Directors of both companies. The transaction is subject to customary closing conditions, including regulatory approvals, approval by URS stockholders of the merger agreement, and the approval by AECOM stockholders of the issuance of shares in the transaction. The transaction is expected to close in October 2014. AECOM also announced that it continues to target diluted earnings per share in the lower end of its range of $2.50 to $2.60 for fiscal year 2014, excluding transaction-related costs. It also still anticipates that its third-quarter EPS will be approximately 25% of its full-year results. The company’s backlog continues to grow sequentially and year over year, and remains at record levels.
July 11, 2014
11:50 EDTMTLMechel name a short Research Tactical Idea at Morgan Stanley
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10:28 EDTURSURS Corporation working with banks on potential sale, Reuters reports
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10:27 EDTURSURS Corporation calls active on recently held talks with potential buyers report
URS Corporation July 55 calls are active on total call volume of 170 contracts (63 puts) on the company recently held talks with potential buyers, Reuter’s reports. July call option implied volatility is at 50, August is at 45, October is at 29; compared to its 26-week average of 28 according to Track Data. Active call volume suggests traders taking positions for large price movement.
10:19 EDTURSURS jumps 6% after Reuters says working with banks on potential sale
10:15 EDTURSURS Corporation recently held talks with potential buyers, Reuters reports
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July 10, 2014
11:09 EDTFTNTOptions with increasing implied volatility
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11:00 EDTCBSOHigh option volume stocks
High option volume stocks: CBS MEMP EWT CBSO DRWI TRW TTS EXK MEOH AG
08:56 EDTCBSOCBS announces preliminary results of CBS Outdoor exchange offer
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08:35 EDTMTLBofA/Merrill steel analysts hold an analyst/industry conference call
Global Steel Analysts review market conditions in Asia, Europe and the U.S. and discuss recent price moves in iron ore, met coal and global steel on an Analyst/Industry conference call. Covered companies AKS, ATI, CLF, CMC, GGB, MTL, NUE, RS, SCHN, SID, STLD, TX and X may be discussed on the Analyst/Industry conference call to be held on July 14 at 10 am.
07:08 EDTUBSECB keeps tight grip on banks with health check results, Reuters says
The European Central Bank is targeting to keep a tight grip banks in the final phase of a balance sheet health check in October, giving them only 48 hours to review the test results before publishing them, according to Reuters, citing two people familiar with the matter. The assessment will look into banks’ balance sheets and measure their ability to handle shock and stress. Publicly traded European banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS).
06:21 EDTUBSJPMorgan appoints Li as new China head, Reuters says
JPMorgan Chase (JPM) said it has appointed former UBS (UBS) banker David Li as the new head of its China division to replace top China banker Fang Fang who left the firm in March, according to Reuters, citing a statement from the U.S. company. Reference Link
05:48 EDTCBSOStocks with implied volatility movement; CBSO MNKD
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July 9, 2014
11:51 EDTFTNTOptions with increasing implied volatility:
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11:24 EDTCBSOHigh option volume stocks
High option volume stocks: GIMO NEPT BPOP AVAV CBSO LL BOBE KWK GNC TCS
08:29 EDTFTNTFortinet results poised to beat expectations, says Sterne Agee
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05:53 EDTFTNTStocks with implied volatility movement; VRS FTNT
Stocks with implied volatility movement; Verso Paper (VRS) 199, Fortinet (FTNT) 48 according to iVolatility.
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