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Stock Market & Financial Investment News

News Breaks
February 21, 2014
07:53 EDTMCOMoody's announces conditional open offer to up ownership stake in ICRA
Moody's announced a conditional open offer to acquire up to 2,650,000 equity shares of ICRA. The offer is conditional upon acquiring at least 2,149,101 equity shares, which would increase Moody’s ownership stake from 28.5% to just over 50%. Full acceptance of the offer would increase Moody’s ownership stake in ICRA to approximately 55%. The offer price, payable in cash, is INR2,000 per share, which represents a 25.9% premium to ICRA’s closing price on the National Stock Exchange of India Limited on February 21 and a 28.7% and 42.5% premium to the one-month and six-month trailing average stock price, respectively. The offer price represents a 22.2% premium to ICRA’s all-time closing high on the NSE of INR 1,637 per share on December 31, 2013. The tender period is expected to begin in April subject to completion of a review of the transaction by Indian regulatory authorities. Moody’s will fund the offer from international cash on hand.
News For MCO From The Last 14 Days
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December 17, 2014
07:04 EDTMCOMoody's increases quarterly dividend, share repurchase authorization
On December 16, the Board of Directors of Moody's Corporation declared a regular quarterly dividend of 34c per share of MCO Common Stock, a 21% increase from the prior quarterly dividend of 28c per share. The dividend will be payable on March 10, 2015 to stockholders of record at the close of business on February 20, 2015. In addition, the Board authorized a new $1B share repurchase program. Moody's expects to commence repurchases under the new program following completion of the existing program, which had $1B of share repurchase authority remaining as of September 30, 2014. The company plans to repurchase shares subject to available cash, market conditions and other ongoing capital allocation decisions. As a result, the company's share repurchase activity may vary from quarter to quarter.
07:03 EDTMCOMoody's increases quarterly dividend, share repurchase authorization
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December 10, 2014
08:28 EDTMCOMoody's to hold a teleconference
Teleconference entitled, "North American Leveraged Finance 2015 Outlook" is being held on December 10 at 1:30 pm. Webcast Link
December 9, 2014
12:30 EDTMCOWells Fargo to hold a symposium
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08:34 EDTMCOMcGraw Hill Financial CMBS suspension company specific, says UBS
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