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Stock Market & Financial Investment News

News Breaks
November 30, 2012
11:27 EDTMSOMartha Stewart may have found buyer for Whole Living, NY Post says
Publishers Hearst and Meredith stayed out of the bidding for Martha Stewart Living Omnimedia's (MSO) Whole Living, and American Media and Active Interest Media are also believed to have passed on making offers, but a group of Hachette alums displaced in the Hearst takeover may have emerged as potential bidders for the property, according to the New York Post. The report added that the shrinking list of potential bidders will depress a potential sale price for the magazine. Reference Link
News For MSO From The Last 14 Days
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June 26, 2015
09:12 EDTMSOPlymouth Lane urges Martha Stewart to conduct 'robust' process during go-shop
Plymouth Lane Capital, a holder of a 10.9% stake in Martha Stewart Living Omnimedia, stated in a regulatory filing that the investor intends to engage in a constructive dialogue with the company's management, board, and other relevant parties or stakeholders, regarding matters that may include, without limitation, steps to maximize shareholder value and to "encourage a timely, proactive, and robust marketing process" in order to obtain acquisition proposals during the "go-shop period" as set forth in its previously announced merger agreement with Sequential Brands Group (SQBG).
June 25, 2015
06:20 EDTMSOMeredith, Iconix among those looking at Martha Stewart, NY Post reports
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June 23, 2015
08:03 EDTMSOMartha Stewart a great addition to Sequential Brands, says Brean Capital
Brean Capital said Martha Stewart (MSO) is a great addition to Sequential Brands' (SQBG) portfolio citing its brand awareness and the diversification of its platform. The firm believes many of its brands are in the early stages of organic growth and thus sees upside to the company's estimates. Brean Capital reiterated its Buy rating and raised its price target to $21 from $17 on Sequential Brands shares.
June 22, 2015
13:20 EDTMSOOn The Fly: Top stock stories at midday
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09:23 EDTMSOMartha Stewart down 13.7% after Sequential Brands announces acquisition
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09:19 EDTMSOSequential Brands signs definitive merger agreement to acquire Martha Stewart
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09:17 EDTMSOSequential Brands signs definitive merger agreement to acquire Martha Stewart
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June 19, 2015
09:25 EDTMSOSequential deal for Martha would be game changer, says Wunderlich
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June 18, 2015
19:00 EDTMSOOn The Fly: After Hours Movers
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16:24 EDTMSOOn The Fly: Top stock stories for Thursday
Stocks began the session in positive territory, adding to the late day move yesterday that followed Fed comments about the central bank's plans to raise benchmark interest rates gradually. Today's rally was broad based, as all 10 S&P sectors were in positive ground and the Nasdaq closed at a new all-time high. There were the usual headlines concerning Greece, but for at least one day, the U.S. market was able to ignore the European noise. ECONOMIC EVENTS: In the U.S., the consumer prices index rose 0.4% in the month of May, versus expectations for a 0.5% increase. The core reading, which removes food and energy prices, rose 0.1%, versus the expected increase of 0.2%. Initial jobless claims dipped 12,000 to 267,000 in the week ended June 13, versus expectations for 277,000 first-time claims. The Philadelphia Fed manufacturing survey climbed 8.5 points to 15.2 in June, topping expectations for a reading of 8. The leading indicators rose 0.7% to 123.1 in May, topping expectations for a rise of 0.4%. In Europe, International Monetary Fund chief Christine Lagarde reportedly said Greece won’t be given a grace period if it fails to make its scheduled payment to the fund on June 30. Meanwhile, finance ministers of euro area member states met today, after which Agence France-Presse reported that the talks ended with no deal on Greece. Bloomberg subsequently said that euro leaders plan to hold a summit to discuss Greece this coming Monday. COMPANY NEWS: Shares of Oracle (ORCL) dropped $2.17, or 4.84%, to $42.74 after the enterprise software, hardware and IT services provider reported lower than expected fourth quarter earnings per share and gave a lower than expected forecast for profit in its new quarter... General Motors (GM) announced that Fitch has raised the credit ratings of both GM and GM Financial to investment grade, meaning the corporate credit ratings for GM are now investment grade with all major rating agencies. Meanwhile, Reuters reported, citing several sources familiar with the matter, that the automaker has hired Goldman Sachs (GS) and Morgan Stanley (MS) to advise it as Fiat Chrysler (FCAU) CEO Sergio Marchionne attempts to gain the support of GM investors with the goal of forcing merger discussions with GM's board... Fitness tracker maker Fitbit (FIT) surged 48.4% to close at $29.68 in its first day of public trading. The company priced its initial public offering at $20 per share, topping expectations, and its closing price gives it a market value near $6B. MAJOR MOVERS: Among the notable gainers was Martha Stewart Living Omnimedia (MSO), which rose $1.35, or 26.27%, to $6.44 after The Wall Street Journal reported the company was nearing a deal to be acquired by Sequential Brands (SQBG), though the Journal said it was unable to learn the terms of the potential deal being discussed. Sequential Brands (SQBG) shares added 12.4% to close at $16.04 following the report. Also higher was Radius Health (RDUS), which gained $7.81, or 15.1%, to $59.54 after the company announced results from the six-month extension study for abaloparatide, its experimental treatment for osteoporosis. Among the noteworthy losers was Bankrate (RATE), which fell $2.60, or 18.77%, to $11.25 and was downgraded to Neutral from Buy at SunTrust after the company's revenue outlook came in well below the consensus forecast. INDEXES: The Dow gained 180.10, or 1%, to 18,115.84, the Nasdaq rose 68.07, or 1.34%, to 5,132.95, and the S&P 500 added 20.80, or 0.99%, to 2,121.24.
15:18 EDTMSOSequential Brands near deal to acquire Martha Stewart Omnimedia, WSJ says
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14:57 EDTMSOMartha Stewart reopens, up 19% after report of possible takeover
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14:50 EDTMSOMartha Stewart jumps 12%, halted for volatility after report on potential buyout
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14:49 EDTMSOSequential Brands near deal to buy Martha Stewart, DJ reports
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