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Stock Market & Financial Investment News

News For ARP;ZTS;SSH;NCS;NILE;PDS;NOV;OII;OIS;PTEN;SPN;NBR;SFLY;EW;HP From The Last 14 Days
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June 26, 2015
08:58 EDTARPAtlas Resource Partners downgraded to Underperform from Neutral at BofA/Merrill
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06:06 EDTZTSZoetis downgraded to Market Perform from Outperform at BMO Capital
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06:02 EDTZTSJPMorgan assumes Valeant pays $60/share for Zoetis
JPMorgan analyst Chris Schott believes Zoetis (ZTS) would bring "an attractive, durable, cash-pay business" to Valeant's portfolio should a merger occur. The Wall Street Journal last night reported that Valeant has approached Zoetis regarding a potential takeover. Schott sees the deal being minimally accretive to near-term earnings, and assumes Valeant pays $60 per share for Zoetis, or a 20% premium to Wednesday's closing price. The analyst thinks any offer would include a substantial equity component given Valeant's levered balance sheet following the Salix acquisition. Schott keeps an Overweight rating on Valeant and a Neutral rating on Zoetis.
June 25, 2015
19:04 EDTZTSOn The Fly: After Hours Movers
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16:13 EDTZTSValeant made preliminary takeover approach to Zoetis, WSJ reports
Valeant Pharmaceuticals (VRX) made a preliminary approach regarding a potential deal to buy Zoetis (ZTS), said The Wall Street Journal, citing people familiar with the matter. The report said it was not clear if Zoetis is open to a sale or what was the company’s reaction to the approach. Zoetis share spiked more than 11% into the close following the report and are up another 1% to $55.95 in after hours trading. Reference Link
15:58 EDTZTSZoetis jumps 11%, halted for circuit breaker after report of Valeant approach
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15:57 EDTZTSValeant made preliminary takeover approach to Zoetis, DJ reports
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June 24, 2015
08:44 EDTHPHelmerich & Payne now sees Q3 average rig revenue/day dropping to $26,500
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07:19 EDTNBRU.K. panel to decide on first fracking in area since 2011, WSJ reports
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June 23, 2015
11:20 EDTEWMedtronic competitive with Edwards after approval, says Wells Fargo
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07:34 EDTPTENGlobal Hunter Securities to hold a conference
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07:25 EDTEWPiper Jaffray to hold a summit
2015 Piper Jaffray Heartland Summit is being held in Minneapolis on June 23-24.
07:17 EDTEWFeedback on Edwards Lifesciences Centera 'very positive,' says Wells Fargo
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June 22, 2015
11:17 EDTHPHelmerich & Payne management to meet with Jefferies
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June 18, 2015
09:35 EDTHPActive equity options trading on open
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June 17, 2015
19:14 EDTEWEdwards Lifesciences confirms FDA approval for SAPIEN 3 valve
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17:07 EDTOISOil States lowers Q2 guidance for well site services revenue
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15:29 EDTEWFDA approves SAPIEN 3 THV artificial heart valve
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10:00 EDTOISOn The Fly: Analyst Upgrade Summary
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08:02 EDTOISOil States upgraded to Outperform from Sector Perform at Scotia Capital
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