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Stock Market & Financial Investment News

News Breaks
January 28, 2013
13:10 EDTEPD, PII, EXC, NUS, SWYOptions with increasing implied volatility: NUS PII SWY EXC EPD
News For NUS;PII;SWY;EXC;EPD From The Last 14 Days
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November 21, 2014
08:04 EDTEXCFERC approves merger of Exelon, Pepco Holdings
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November 19, 2014
17:20 EDTEXCConstellation NewEnergy awarded $167.91M government contract
Constellation NewEnergy, an Exelon company, has been awarded a maximum $167.91M firm-fixed-price contract for electricity and ancillary services. This contract was a competitive acquisition, and six offers were received. This is a two-year base contract. Location of performance is Maryland with a Jan. 31, 2017 performance completion date.
10:00 EDTNUSOn The Fly: Analyst Initiation Summary
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06:14 EDTNUSNu Skin initiated with a Neutral at BTIG
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November 13, 2014
05:54 EDTEXCStocks with implied volatility movement; EXC BTU
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November 12, 2014
17:31 EDTPIIPolaris Industries acquires Pro Armor
Polaris Industries announced the acquisition of certain assets of LSI Products and Armor Holdings, privately-held Riverside, Calif.-based companies that design, develop, manufacture, source, sell and distribute accessories for performance side-by-side vehicles and ATV markets under the Pro Armor brand. This acquisition adds Pro Armor to Polaris’ growing parts, garments and accessories business. The terms of the transaction were not disclosed. Pro Armor will continue to operate as a distinct brand and the operations will remain in Riverside. Both Polaris and Pro Armor will continue to develop independent product plans while leveraging development, sourcing and distribution capabilities.
08:35 EDTEPDEnterprise Products, Oiltanking Partners enter into merger agreement
Enterprise Products Partners (EPD) and Oiltanking Partners (OILT) announced that Enterprise and Oiltanking Partners have entered into a merger agreement. Under the terms of the merger agreement, Oiltanking Partners would merge with a subsidiary of Enterprise in a unit-for-unit exchange. Unitholders of Oiltanking Partners would receive 1.3 Enterprise common units for each Oiltanking Partners common unit. This exchange ratio represents a 5.6 percent premium to Oiltanking Partners unitholders based on the respective closing prices for Enterprise and Oiltanking Partners common units on September 30, 2014, the day before the merger was originally proposed. Relative to the respective closing prices for Enterprise and Oiltanking Partners common units on November 10, 2014, the day before the parties entered into the merger agreement, the 1.3 exchange ratio represents a 10.4 percent premium to Oiltanking Partners unitholders. Based on the latest cash distribution declared by Enterprise and Oiltanking Partners with respect to the third quarter of 2014, this exchange ratio would result in a 74 percent increase in cash distributions for Oiltanking Partners unitholders. The approval and adoption of the merger agreement require approval by holders of a majority of the outstanding Oiltanking Partners common units. A subsidiary of Enterprise, which will own a sufficient number of Oiltanking Partners common units to approve the merger on behalf of all Oiltanking Partners unitholders, has executed a support agreement with Oiltanking Partners in which it has irrevocably agreed to consent to the merger. This subsidiary will own approximately 54.8 million Oiltanking Partners common units, or approximately 66 percent of the total Oiltanking Partners common units then outstanding, following the conversion of approximately 38.9 million Oiltanking Partners subordinated units into common units. The one-for-one conversion of these subordinated units into common units will occur on November 17, 2014, the business day immediately following payment of the Oiltanking Partners cash distribution scheduled to be paid on November 14, 2014. Approval and adoption of the merger agreement will be submitted to a vote of the unitholders of Oiltanking Partners. Upon completion of the merger, which is expected to occur in early 2015, the total consideration paid by Enterprise for the Oiltanking Partners general partner and related incentive distribution rights and the limited partner units would be approximately $6.0 billion. The merger terms were negotiated, reviewed and approved by the conflicts committee of the board of directors of the general partner of Oiltanking Partners and approved by the board of directors of the general partner of Oiltanking Partners.
08:34 EDTEPDEnterprise Products, Oiltanking Partners enter into merger agreement
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November 11, 2014
10:39 EDTNUSOptions with decreasing implied volatility
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November 9, 2014
14:58 EDTPIIPolaris Industries management to meet with Sidoti
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