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Stock Market & Financial Investment News

News Breaks
July 29, 2014
12:02 EDTMNKD, PSEC, DLTR, CTL, K, IGT, BRKB, HSHOptions with increasing implied volatility
Options with increasing implied volatility: MNKD PSEC DLTR CTL K IGT BRKB HSH
News For MNKD;PSEC;DLTR;CTL;K;IGT;BRKB;HSH From The Last 14 Days
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October 1, 2014
06:06 EDTDLTRFamily Dollar says proceeding with plans to be acquired by Dollar Tree
Family Dollar (FDO) said in a memo to its employees yesterday that it is proceeding with its plan to be acquired by Dollar Tree (DLTR), even as Dollar General (DG) seeks to break up the deal and acquire Family Dollar. Family Dollar said it is not planning any changes to its health care, 401(k) and compensation plans. Family Dollar comments, "The immediate focus of our work is to prepare for ‘Day 1,’ (the first day after closing), while simultaneously beginning to build a more detailed plan for the integration. We’re now in the ‘integration planning phase,’ which involves planning for the complex blending of our two organizations."
September 30, 2014
11:22 EDTKKellogg target United Biscuits hires banks for potential IPO, Sky News says
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10:02 EDTKOn The Fly: Analyst Downgrade Summary
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06:25 EDTKKellogg downgraded to Underweight from Equal Weight at Morgan Stanley
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September 29, 2014
19:32 EDTMNKDMannKind confirms receipt of $150M licensing upfront payment
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17:04 EDTCTLCenturyLink expands managed hosting availability into China
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08:14 EDTDLTRDollar General buying Dollar Tree 'not impossible,' says FBR Capital
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September 24, 2014
17:01 EDTMNKDMannKind announces closing of global licensing agreement with Sanofi
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September 23, 2014
16:11 EDTIGTInternational Game and GTECH amend merger agreement
International Game Technology and GTECH S.p.A. announced that they have amended their previously announced merger agreement dated July 15. IGT and GTECH entered into the amendment with the overall intent of improving the timing and certainty of completion of the transaction in the interests of both companies and their shareholders. The amendment relieves IGT of additional regulatory and disclosure requirements, which were expected to delay the completion of the transaction. The amendment also reflects a reduced number of required approvals from gaming regulators as a condition precedent to closing. While the aggregate amount of stock and cash to be paid to IGT shareholders has remained unchanged, the amendment eliminates the mechanism for IGT shareholders to elect all-stock, all-cash consideration, or a mixed election, subject to proration. Upon completion of the merger, all IGT shareholders will receive the mixed consideration described in the merger agreement. As previously disclosed, this consists of a combination of $13.69 in cash plus a number of ordinary shares of a newly formed U.K. holding company equal to $4.56 divided by a calculation of the dollar value of GTECH shares prior to the transaction closing, subject to adjustments and limitations set forth in the merger agreement.
06:02 EDTIGTInternational Game partners with Ellen DeGeneres Show for new video slot machine
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September 22, 2014
15:33 EDTKKellogg makes first-round bid for United Biscuits, WSJ reports
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September 17, 2014
11:11 EDTKGeneral Mills crumbles after earnings miss, downgrade
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10:13 EDTCTLRackspace sinks after deciding to remain independent
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10:00 EDTKOn The Fly: Analyst Downgrade Summary
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08:28 EDTDLTRFamily Dollar board rejects Dollar General's 'illusory' tender offer
Family Dollar Stores (FDO) announced that its Board of Directors unanimously recommends that Family Dollar’s shareholders reject the unsolicited conditional tender offer made by Dollar General Corporation (DG) and not tender their shares. In conjunction with its rejection of Dollar General’s offer, Family Dollar’s Board unanimously reaffirms its recommendation in support of the transaction with Dollar Tree (DLTR). The terms of the tender offer are the same as those in the proposal made by Dollar General on September 2, 2014, which the Board of Directors of Family Dollar unanimously rejected on September 5, 2014, on the basis of antitrust regulatory considerations. Howard R. Levine, Chairman and CEO of Family Dollar, said, “Our Board of Directors, with the assistance of outside advisors and consultants, reviewed all aspects of Dollar General’s tender offer and concluded unanimously that this highly conditional Offer is illusory because, as Dollar General is well aware, the Offer cannot close on the terms proposed. Tenders into the Dollar General Offer will be meaningless since there is no way that Dollar General can purchase shares that are tendered.” Levine added, “The terms of the Dollar General Offer are no different from those in its most recent unsolicited proposal, which was previously and unanimously rejected by our Board of Directors based on antitrust regulatory considerations. There is a very real and material risk that the transaction proposed by Dollar General would fail to close, after a lengthy and disruptive review process. Accordingly, our Board has rejected Dollar General’s tender offer and reaffirmed its support of the transaction with Dollar Tree, which delivers attractive value in the form of immediate upfront cash and upside participation in a combined Dollar Tree-Family Dollar entity, as well as closing certainty.” Ed Garden, a Family Dollar director and co-founder and Chief Investment Officer at Trian Fund Management, L.P., a large shareholder of the Company, stated, “We are focused on delivering to Family Dollar shareholders the highest value with certainty, and the Dollar Tree transaction does just that. Dollar Tree has taken the antitrust risk off the table by committing to divest as many stores as necessary to obtain antitrust clearance. We remain fully committed to the Dollar Tree transaction.”
08:27 EDTDLTRFamily Dollar board rejects Dollar General's 'illusory' tender offer
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06:46 EDTKKellogg downgraded at Societe Generale
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06:32 EDTKKellogg downgraded to Hold from Buy at Societe Generale
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05:51 EDTMNKDStocks with implied volatility movement; OREX MNKD
Stocks with implied volatility movement; Orexigen (OREX) 91, MannKind (MNKD) 60 according to iVolatility.

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