New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 25, 2014
10:55 EDTABC, INFA, DEO, LSCC, VRS, SWFT, JONE, CERN, MXIM, NUHigh option volume stocks
High option volume stocks: LSCC NU JONE DEO MXIM SWFT INFA CERN VRS ABC
News For LSCC;NU;JONE;DEO;MXIM;SWFT;INFA;CERN;VRS;ABC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
February 26, 2015
14:03 EDTABCGabelli liquidates 7.69% stake in MWI Veterinary Supply
As a result of the completion of the acquisition of the company by the AmerisourceBergen (ABC), Gabelli no longer has beneficial ownership of any of the company's shares.
February 25, 2015
07:25 EDTJONEJPMorgan to hold a conference
Subscribe for More Information
February 24, 2015
15:18 EDTABCAmerisourceBergen completes acquisition of MWI Veterinary Supply
AmerisourceBergen (ABC) announced the completion of its acquisition of MWI Veterinary Supply (MWIV). At the effective time of the merger, all remaining shares of MWI common stock not tendered into the tender offer were converted into the right to receive $190 in cash, without interest and less any applicable withholding taxes, which is the same price that was paid in the tender offer. As a result of the transaction, MWI has become a wholly owned subsidiary of AmerisourceBergen.
07:36 EDTABCAmerisourceBergen completes tender offer for MWI Veterinary Supply shares
AmerisourceBergen Corporation (ABC) has successfully completed its tender offer to purchase all outstanding shares of MWI Veterinary Supply (MWIV) common stock for $190.00 per share in cash, without interest and less any applicable withholding taxes. The tender offer expired at 11:59 p.m., New York City time, on February 23. As of the expiration of the tender offer, 10,096,484 shares had been validly tendered and not validly withdrawn, representing approximately 78.1% of MWI's outstanding shares of common stock on a fully diluted basis. All conditions to the tender offer have been satisfied, and AmerisourceBergen has accepted for payment and will promptly pay the depositary for all validly tendered shares. AmerisourceBergen expects to complete the acquisition of MWI later today through a merger without a vote or meeting of MWI's stockholders.
07:31 EDTMXIMMaxim Integrated management to meet with Deutsche Bank
Meeting to be held in New York on February 24 hosted by Deutsche Bank.
February 23, 2015
07:52 EDTMXIMMaxim Integrated management to meet with Deutsche Bank
Subscribe for More Information
February 22, 2015
21:52 EDTABCVascular Solutions to replace MWI Veterinary Supply in S&P 600 as of 2/23 close
S&P 500 constituent AmerisourceBergen (ABC) is acquiring MWI Veterinary Supply (MWIV) in a transaction expected to be completed soon.
February 20, 2015
12:53 EDTSWFTCitigroup sees truck carrier stocks poised to outperform
With the U.S. economy growing quickly, the stocks of truck carriers are likely to outperform the S&P 500, Citigroup believes. WHAT'S NEW: Truck transportation prices and truck carrier stocks "respond most directly to economic growth," Citigroup analyst Christian Wetherbee wrote in a note to investors today. After carriers' truckload rates rose 4% last year, the rates should rise by a similar amount this year, Wetherbee predicted. Economic growth, along with the difficulties the carriers are experiencing with recruiting drivers, should be supportive of additional rate increases, the analyst stated. Wetherbee warned that the stocks of truck builders usually underperform during periods such as the current one, when a large amounts of U.S. class 8 trucks are being built. Consequently, truck carrier stocks present investors with an opportunity, while investors should be cautious on truck builders and parts suppliers, he wrote. Among truck carriers, Swift (SWFT) is particularly attractive, since it has underperformed its peers over the last year, Wetherbee stated. Additionally, the company's results appear likely to at least meet consensus estimates, the analyst predicted. He also kept a Buy rating on another truck carrier, Knight Transportation (KNX) and maintained a Buy rating on Cummins (CMI), which builds truck engines. The analyst kept a Hold rating on truck builder PACCAR (PCAR). OTHERS TO WATCH: Navistar (NAV) builds trucks and Celadon (CGI) is another truck carrier. PRICE ACTION: In early afternoon trading, Swift rose 1%, Knight Transportation gained 1.3%, Cummins added 0.7%, and PACCAR lost 0.5%.
06:27 EDTSWFTTrucking stocks likely to outperform S&P 500, says Citigroup
Citigroup says its work indicates trucking stocks respond most directly to economic growth. With the economy on a growth trajectory, Citi expects trucking stocks are likely to outperform the S&P 500. The firm reiterates Buy ratings on Swift Transportation (SWFT) and Knight Transportation (KNX), with a preference for Swift. It also has a Buy rating on Cummins (CMI) and Neutral on PACCAR (PCAR).
February 18, 2015
10:05 EDTSWFTOn The Fly: Analyst Initiation Summary
Subscribe for More Information
06:34 EDTSWFTSwift Transport initiated with a Buy at UBS
Subscribe for More Information
February 17, 2015
07:49 EDTINFAInformatica seeks new financial advisers to restart sale process, Reuters says
Subscribe for More Information

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