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Stock Market & Financial Investment News

News Breaks
February 13, 2013
11:01 EDTSKT, KKRKKR purchases Legends Outlets Kansas City for $131.5M, Bloomberg says
KKR & Co (KKR) was the winning bidder to buy Legends Outlets Kansas City for $131.5M, says Bloomberg, adding that other bidders included Tanger Factory Outlet (SKT). Reference Link
News For KKR;SKT From The Last 14 Days
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February 9, 2016
06:00 EDTKKRKKR to acquire 50% stake in Swedish industrial R&D company Valinge
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05:19 EDTKKRKKR signs three agreements to ultimately acquire 50% stake in Valinge
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February 5, 2016
06:53 EDTKKRBlackstone, Onex advance in Philips Lighting auction, Bloomberg reports
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January 28, 2016
16:25 EDTSKTTanger sees asset sales having dilutive impact on FY16 FFO of 8c per shares
Tanger Factory estimates the 2015 and early 2016 asset sales will have a net dilutive impact on 2016 FFO of approximately 8c per share, consisting of a reduction in net operating income of approximately 11c per share, partially offset by a reduction in interest expense of approximately 3c per share resulting from the use of proceeds described above. The dilutive impact on 2016 net income is estimated to be 5c per share. The difference in the calculation of net income and FFO is that net income includes depreciation and amortization of real estate assets, which are excluded from FFO.
16:23 EDTSKTTanger Factory reinvests majority of proceeds from recent non-core asset sales
Tanger Factory Outlet Centers announced that it has used a portion of the proceeds from the asset sales that closed in 2015 to repay a $150.0M floating rate mortgage loan and a $28.4M deferred financing obligation, both of which are related to the company's 794,000 square foot outlet center in Deer Park, New York. As a result, the company unencumbered the Deer Park asset while simultaneously deferring a significant portion of the previously announced gains related to the asset sales.
05:28 EDTKKRKKR and Masan Group conclude partnership in Masan consumer
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January 27, 2016
13:40 EDTKKRKKR replaces Bain as suitor for Peroni, Grolsch brands, Reuters says
KKR (KKR) is replacing Bain Capital as a bidder for SABMiller's (SBMRY) Peroni and Grolsch brands, Reuters reporst, citing three sources familiar with the matter. KKR was not previously shortlisted as one of the final suitors for the brands being unloaded by AB InBev (BUD) to smooth its acquisition of SABMiller, the report says. Reference Link
10:00 EDTSKTOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Arista Networks (ANET) initiated with a Buy at Citi... Brocade (BRCD) initiated with a Neutral at Citi... CBL & Associates (CBL) initiated with an Underperform at Boenning & Scattergood... Caleres (CAL) initiated with a Hold at BB&T... Ciena (CIEN) initiated with a Neutral at Citi... Fitbit (FIT) initiated with a Buy, $35 target at Citi... Genesco (GCO) initiated with a Hold at BB&T... Infinera (INFN) initiated with a Buy at Citi... Nabriva Therapeutics (NBRV) initiated with a Buy at Gabelli... SanDisk (SNDK) initiated with a Buy at Citi... Seagate (STX) initiated with a Sell at Citi... Tanger Factory (SKT) initiated with an Underperform at Boenning & Scattergood... Taubman Centers (TCO) initiated with a Neutral at Boenning & Scattergood... WP Glimcher (WPG) initiated with an Underperform at Boenning & Scattergood... Western Digital (WDC) initiated with a Buy at Citi... Yirendai (YRD) initiated with a Buy at Needham.
07:23 EDTSKTTanger Factory initiated with an Underperform at Boenning & Scattergood
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06:53 EDTKKRKKR, Bain, Fujifilm to make offers for Toshiba Medical, Reuters reports
KKR (KKR), Bain Capital, and Fujifilm (FUJIY) are among possible bidders for a medical equipment unit of Toshiba (TOSBF) in a deal that could be valued as high as $3B, Reuters reports, citing people familiar with the process. Reference Link
January 26, 2016
07:36 EDTKKRKKR leads funding round in Jitterbit
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