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Stock Market & Financial Investment News

News Breaks
July 16, 2014
14:55 EDTMDAS, MDAS, MDAS, OPEN, OPEN, OPEN, PCLN, PCLN, PCLNMedAssets to replace OpenTable in S&P 600 as of 7/23 close
S&P 500 constituent The Priceline Group (PCLN) is acquiring OpenTable (OPEN) in a deal expected to be completed soon pending final conditions.
News For MDAS;OPEN;PCLN From The Last 14 Days
Check below for free stories on MDAS;OPEN;PCLN the last two weeks.
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August 26, 2014
06:16 EDTPCLNPriceline implied volatility of 18 at lower end of index mean range
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August 22, 2014
08:38 EDTPCLNTripAdvisor cut metasearch inventory in half, says FBR Capital
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August 19, 2014
10:13 EDTMDASOn The Fly: Analyst Upgrade Summary
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08:09 EDTMDASMedAssets upgraded to Outperform from Market Perform at Leerink
Leerink upgraded MedAssets to Outperform citing the pullback in shares since the Q2 results, the potential for improving volumes in Q3 and the company's total portfolio approach. The firm has a $26 price target for shares.
06:04 EDTMDASMedAssets upgraded to Outperform from Market Perform at Leerink
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August 15, 2014
05:16 EDTPCLNPriceline prices $1B senior notes offering
Priceline announced the pricing of $1B principal amount of Convertible Senior Notes due 2021 through a private offering to qualified institutional buyers. The notes will pay interest semiannually at a rate of 0.90% per annum. In certain circumstances, the notes may be converted into cash up to their principal amount, and into shares of Priceline common stock and/or cash at Priceline's election for the conversion value above the principal amount based on a conversion rate of 0.4865 shares of common stock per $1,000 principal amount of the notes. Priceline estimates that the net proceeds from the offering of notes will be approximately $990M, after deducting estimated fees and expenses. Priceline plans to use the net proceeds from the offering of the notes to repurchase approximately $147M of its outstanding common stock in privately negotiated, off-market transactions, which may be effected through the initial purchasers of the notes or their affiliates, concurrently with the consummation of the offering. Any remaining net proceeds will be used for general corporate purposes, which may include repaying outstanding debt, repurchasing additional shares of the company's common stock and corporate acquisitions.
August 14, 2014
17:27 EDTPCLNAppaloosa gives quarterly update on stakes
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07:39 EDTMDASMedAssets pullback a buying opportunity, says Jefferies
Jefferies believes MedAssets' core business is back on track following yesterday's analyst day and it recommends buying the stock on the recent pullback. The firm has a Buy rating on the name with a $30 price target.
August 13, 2014
16:18 EDTPCLNPriceline proposes $1B private offering of convertible senior notes
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08:02 EDTMDASMedAssets acquires SG-2 for approximately $142M
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