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Stock Market & Financial Investment News

News Breaks
November 6, 2012
09:23 EDTMMYTMakeMyTrip acquires complete stake in HT Group
MakeMyTrip said it has acquired complete stake in the companies in the 'Hotel Travel Group'. HT Group has been operating the website www.hoteltravel.com for more than a decade and has its presence in Thailand, Singapore and Malaysia, the company said. The total consideration payable to the Promoters of the HT Group by MakeMyTrip for acquiring the HT Group is $25M, of which $15M was paid partly in cash and partly in the form of MakeMyTrip shares in the first closing that occurred on November 6. The balance $10M is agreed to be paid in the form of MakeMyTrip shares, in 3 annual tranches through March 2016. Two of the Promoters of the HT Group will continue in employment with the HT Group in key capacities, and will be eligible for additional earn outs and incentives for the next 3 4 years based on HT Group meeting certain revenue and EBIDTA targets. The additional earn outs can raise to $35M and are payable partly in cash and partly in the form of MakeMyTrip shares.
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April 15, 2014
10:00 EDTMMYTOn The Fly: Analyst Initiation Summary
Allscripts (MDRX) reinstated with an Outperform at Raymond James... Amber Road (AMBR) initiated with a Buy at Canaccord... Autonation (AN) coverage assumed with a Market Perform at Wells Fargo... BG Group (BRGYY) initiated with an Outperform at BMO Capital... Borderfree (BRDR) initiated with a Buy at Canaccord... Dean Foods (DF) initiated with a Buy at BB&T... Destination XL (DXLG) initiated with a Buy at Ascendiant... Group 1 Automotive (GPI) coverage assumed with a Market Perform at Wells Fargo... Halozyme (HALO) initiated with a Buy at Citigroup... MakeMyTrip (MMYT) initiated with a Neutral at Goldman... Penske Automotive (PAG) coverage assumed with a Market Perform at Wells Fargo... RPM (RPM) initiated with an Outperform at Wells Fargo... RSP Permian (RSPP) initiated with a Buy at KLR Group... Repligen (RGEN) initiated with a Buy at Jefferies... Spansion (CODE) initiated with a Buy at Sterne Agee... Statoil (STO) initiated with a Market Perform at BMO Capital... TPG Specialty Lending (TSLX) initiated with a Buy at BofA/Merrill... Versartis (VSAR) initiated with a Buy at Citigroup... WWE (WWE) initiated with a Buy at Needham... WebMD (WBMD) reinstated with a Strong Buy at Raymond James.
09:06 EDTMMYTMakeMyTrip initiated with a Neutral at Goldman
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