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Stock Market & Financial Investment News

News Breaks
April 3, 2014
11:13 EDTLQDT, ACTG, ADI, PGR, URSHigh option volume stocks: LQDT ACTG ADI PGR URS
News For LQDT;ACTG;ADI;PGR;URS From The Last 14 Days
Check below for free stories on LQDT;ACTG;ADI;PGR;URS the last two weeks.
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August 1, 2014
10:00 EDTPGROn The Fly: Analyst Upgrade Summary
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08:36 EDTURSURS Corporation awarded IDIQ multiple award contract by DoD
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05:53 EDTPGRProgressive upgraded to Market Perform from Underperform at Keefe Bruyette
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July 30, 2014
15:40 EDTPGRNotable companies reporting before tomorrow's open
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08:33 EDTLQDTLiquidity Services awarded surplus contract with DoD
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July 29, 2014
10:08 EDTPGRAllstate slips after William Blair recommends rotation into Progressive
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07:06 EDTURSAECOM Technology confirms acquisition of Hunt Construction Group
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07:01 EDTPGRAllstate downgraded to Market Perform from Outperform at William Blair
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06:14 EDTURSAECOM Technology said to acquire Hunt Construction, WSJ reports
Two weeks after agreeing to buy URS (URS) in a deal worth $4B, Aecom Technology (ACM) has reportedly acquired Hunt Construction Group, a construction management company, the Wall Street Journal reports. Terms of the Hunt deal have not been disclosed, though a deal is expected to be announced today. Reference Link
July 28, 2014
15:00 EDTLQDTIronPlanet awarded contract for DoD rolling stock surplus
IronPlanet announced that it was awarded the U.S. Defense Logistics Agency contract to manage and sell rolling stock surplus assets of the U.S. Department of Defense. The DLA issued the final contract award to IronPlanet on July 25, pursuant to a competitive bid process that was held on April 1. Bids for the Surplus Contract were based on a percentage of the sales price of the items that bidders will share with the DLA. IronPlanet estimates $50M-$70M of rolling stock annually, and its bid was equal to 75.29% revenue share to the DLA. The Surplus Contract has a base term of two years with four one-year renewal options. Following the bid process, Liquidity Services (LQDT) filed a bid protest with the Government Accountability Office. This protest and supplemental protests filed were denied by the GAO on July 23. Rolling stock includes surplus trucks, trailers, generators, wheel loaders, cranes, crawler tractors, and other equipment. While Surplus Contract volume will begin to flow to IronPlanet in the third quarter of 2014, the contract is scheduled to fully commence late 2014 into 2015. “We are very pleased and excited to be officially awarded this contract, and to partner with the Defense Logistics Agency. We have already begun moving forward leveraging our existing infrastructure and resources to build the dedicated capabilities necessary to maximize the returns for the U.S. Department of Defense, and ultimately the U.S. taxpayer, in selling their surplus rolling stock assets,” said Greg Owens, CEO, IronPlanet.
July 24, 2014
16:03 EDTACTGAcacia Research reports Q2 adjusted EPS 16c, may not compare consensus 6c
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06:02 EDTACTGAcacia Research signs patent license agreement with Pregis and others
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July 22, 2014
07:08 EDTADIAnalog Devices completes tender offer for Hittite Microwave shares
Analog Devices (ADI) announced it has completed its tender offer to purchase all outstanding shares of common stock of Hittite Microwave Corporation (HITT) for $78.00 per share in cash, and ADI has accepted for payment and will promptly pay the depositary for all validly tendered shares. ADI expects to complete the acquisition of Hittite Microwave later today and will issue a press release to notify stakeholders. The tender offer expired at 12:00 midnight, New York City time, at the end of July 21, 2014. As of the expiration of the tender offer, 23,291,991 shares of Hittite Microwave common stock had been validly tendered and not validly withdrawn, representing approximately 74.2% of Hittite Microwave’s outstanding shares of common stock.
06:01 EDTACTGAcacia Research subsidiary enters into license agreement with Tecnotree OYJ
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