New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 27, 2013
09:02 EDTAWI, PPS, HME, LEN, LPS, TOL, FBHS, CLGX, PHM, MHK, SPFBarclays to host a symposium
Select Series 2013: Housing Symposium is being held in New York on February 27.
News For LEN;PHM;TOL;SPF;CLGX;LPS;MHK;FBHS;AWI;HME;PPS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | all recent news | >>
June 23, 2015
06:16 EDTHMEHome Properties upgraded to Equal Weight from Underweight at Morgan Stanley
Subscribe for More Information
June 22, 2015
14:51 EDTLENLennar July volatility at 29 into Q2 and outlook
Subscribe for More Information
12:26 EDTHMEHome Properties downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded Home Properties to Market Perform after the company entered into a definitive agreement to be acquired by an affiliate of Lone Star Funds for $75.23 per share in cash. Wells believes another higher competing offer is likely to materialize.
09:00 EDTHMEUDR, Inc. to acquire six apartment communities in exchange for OP units
Subscribe for More Information
08:57 EDTHMEHome Properties expects merger transaction to close during Q4
The board of Home Properties has unanimously approved the merger agreement and has recommended approval of the Home Properties Merger by the Home Properties stockholders and of the Home Properties OP Merger by the Home Properties OP unitholders. The transaction is expected to close during the fourth quarter of 2015, subject to the approval of the Home Properties Merger by the Home Properties stockholders and the approval of the Home Properties OP Merger by the Home Properties OP unitholders. The definitive agreement contains a "go shop" provision under which Home Properties may solicit alternative proposals from third parties during the next 30 calendar days on customary terms and conditions for transactions of this nature. The Home Properties Board, with the assistance of its advisors, has the right to actively solicit acquisition proposals during this period. There can be no assurances that this process will result in any alternative transaction.
08:56 EDTHMEUDR Inc. to acquire certain Home Properties assets in connection with merger
Concurrently with the execution of the merger agreement with Lone Star Funds, Home Properties (HME) has entered into an agreement to contribute a portfolio of up to six properties containing as many as 3,246 units to UDR (UDR) in exchange for a combination of cash and newly issued units. In connection with this transaction, existing holders of partnership units of Home Properties will have the opportunity to elect to exchange their Home Properties OP Units for 2.15 newly issued UDR DownREIT Units for each Home Properties OP Unit held, plus $3.01 in cash from Lone Star Funds. Unitholders who elect to receive UDR DownREIT Units in the OP Merger will also receive new tax protection for a period of 10 years from the closing date, regardless of the current tax protection status of their Home Properties OP Units. Prior to the Home Properties Merger and pursuant to the Merger Agreement, Lone Star Funds will acquire all of the Home Properties OP Units that are not owned by Home Properties and have not been exchanged as described above pursuant to a merger of Home Properties OP with a wholly owned subsidiary of Lone Star Funds (the "OP Merger"). In connection with the OP Merger, holders of Home Properties OP Units who have not exchanged their Home Properties OP Units as described above will receive $75.23 per unit in cash upon the closing of the OP Merger.
08:54 EDTHMEHome Properties agrees to be acquired by Lone Star Funds for $75.23 per share
Subscribe for More Information
June 19, 2015
14:26 EDTTOL, LEN, PHMHomebuilders advance after KB Home reports earnings
Shares of homebuilder stocks are rallying in a down market after group member KB Home (KBH) reported second quarter EPS of 10c on revenue of $623M, beating consensus estimates of 8c and $619M, respectively. Net orders grew 33% to 3,015 in the current quarter, compared to 2,269 in the year-earlier quarter, largely driven by expansion in the company’s average community count. PRICE ACTION: In afternoon trading KB Home is up about 10% to $16.46. Other homebuilder stocks are moving up as well, with DR Horton (DHI) and PulteGroup (PHM) each up about 2% and Lennar (LEN) up 3%.
13:37 EDTCLGXCoreLogic management to meet with Stephens
Subscribe for More Information
June 18, 2015
12:06 EDTMHKMohawk management to meet with SunTrust
Subscribe for More Information
08:48 EDTLENLennar volatility flat into Q2 and outlook
Lennar July call option implied volatility is at 29, August is at 27, November is at 28; compared to its 52-week range of 23 to 40, suggesting non-directional price movement into the expected release of Q2 results on June 24.
<< 1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use