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Stock Market & Financial Investment News

News Breaks
June 3, 2014
12:52 EDTMHFIJudge says S&P ratings lawsuits belong in state court, Reuters says
U.S. judge says states' lawsuits against McGraw Hill Financial over Standard & Poor's ratings should be sent back to state courts, says Reuters. The U.S district judge that made the ruling said that S&P failed to show that lawsuits belonged in federal court, added Reuters. Reference Link
News For MHFI From The Last 14 Days
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September 29, 2015
06:37 EDTMHFIInvestors feel burn of big M&A deals, WSJ reports
Some investors are getting burned by large acquisitions, the Wall Street Journal reports. The rise in stock prices as a result of the M&A boom over the past few years have had the twin effect of emboldening other buyers and increasing the value of shares that are often used as currency, the report says. Since July 1, buyers' share prices fell about 0.6% on average on the first day of trading following the announcement of an M&A deal over $1B, the report says, citing data provider Dealogic. For example, Energy Transfer Equity's (ETE) stock dropped nearly 13% after news of its $32.6B proposal to take over Williams Companies (WMB), with Centene (CNC), McGraw Hill Financial (MHFI), and Dialog all also falling after M&A news, the report says. Reference Link

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