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Stock Market & Financial Investment News

News Breaks
June 12, 2012
10:12 EDTLFL, TAMLan Airlines, TAM combination reaches 94.4% approval, exchange offer extended
LAN Airlines (LFL) and TAM S.A. (TAM) announce at the scheduled expiration time of the offer of Holdco II S.A., a newly formed entity to be merged into LAN, to exchange TAM shares for LAN BDRs in Brazil and LAN ADRs in the United States, at a ratio of 0.9 shares of LAN for each TAM share, that the number of TAM shares tendered plus the TAM shares to be contributed by the controlling shareholders of TAM represented 94.4% of the outstanding TAM shares. The number of tendered shares was not sufficient to satisfy the 95% squeeze-out condition set forth in the exchange offer documents. Unless this condition is satisfied, TAM will not be able to mandatorily redeem any TAM shares not acquired in the exchange offer or contributed by the controlling shareholders of TAM. Based on these results, LAN and Holdco II waived the squeeze-out condition and extended the exchange offer for 10 calendar days. The exchange offer will now expire at 5:00 P.M. Eastern Daylight Time on June 21, 2012, and the auction on BM&FBOVESPA S.A. Bolsa de Valores, Mercadorias e Futuros will occur at 9:00 A.M. Eastern Daylight Time on June 22, 2012.
News For LFL;TAM From The Last 14 Days
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July 21, 2014
10:02 EDTLFLOn The Fly: Analyst Downgrade Summary
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07:53 EDTLFLLATAM Airlines downgraded to Neutral from Buy at BofA/Merrill
July 18, 2014
17:11 EDTLFLLATAM lowers FY14 operating margin estimates to 4%-5% from 6%-8%
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July 9, 2014
10:02 EDTTAMOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Advanced Energy (AEIS) downgraded to Neutral from Buy at Dougherty... Apollo Global (APO) downgraded to Neutral from Buy at Citigroup... Artisan Partners (APAM) downgraded to Neutral from Buy at Citigroup... Autoliv (ALV) downgraded to Hold from Buy at Nordea... BNP Paribas (BNPQY) downgraded to Neutral from Overweight at JPMorgan... BP (BP) downgraded to Hold from Buy at Deutsche Bank... Carlyle Group (CG) downgraded to Neutral from Buy at Citigroup... Coach (COH) downgraded at Buckingham... Cummins (CMI) downgraded to Buy from Conviction Buy at Goldman... Garmin (GRMN) downgraded to Underperform from Sector Perform at Pacific Crest... Gigamon (GIMO) downgraded to Buy from Strong Buy at Needham... International Paper (IP) downgraded at RBC Capital... Louisiana-Pacific (LPX) downgraded at RBC Capital... Marvell (MRVL) downgraded to Underperform from Perform at Oppenheimer... McGraw Hill Financial (MHFI) downgraded to Market Perform at Raymond James... Moody's (MCO) downgraded to Market Perform from Outperform at Raymond James... Plum Creek Timber (PCL) downgraded at RBC Capital... Potash (POT) downgraded to Neutral from Overweight at JPMorgan... RGS Energy (RGSE) downgraded at Cowen... Taminco (TAM) downgraded to Neutral from Buy at Citigroup... Total (TOT) downgraded to Hold from Buy at Societe Generale... Unilever (UN) downgraded to Reduce from Neutral at Nomura... VMware (VMW) downgraded to Market Perform from Outperform at Wells Fargo... Vectren (VVC) downgraded to Hold from Buy at KeyBanc.
06:11 EDTTAMTaminco downgraded to Neutral from Buy at Citigroup
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July 8, 2014
17:20 EDTLFLLATAM Airlines reports June passenger traffic up 1.1% YoY
LATAM Airlines Group S.A. and its subsidiaries reported its preliminary monthly traffic statistics for June 2014 compared to June 2013. System passenger traffic increased by 1.1% while capacity decreased by 1.1%. As a result, the Company's load factor for the month increased 1.8 points to 81.9%. International passenger traffic accounted for approximately 54% of the month's total passenger traffic.

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