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Stock Market & Financial Investment News

News Breaks
July 21, 2014
11:21 EDTNWLNorth Castle Partners sells Ignite USA to Newell Rubbermaid
North Castle Partners and its co-investors announced that they have entered into a definitive agreement to sell Ignite USA to Newell Rubbermaid for a purchase price of $308M. For North Castle Partners, the transaction represents its first sale of a portfolio company from its recently closed fifth fund.
News For NWL From The Last 14 Days
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December 16, 2014
07:31 EDTNWLNewell Rubbermaid sees Baby Jogger acquisition accretive to EPS in first year
Newell Rubbermaid announced that it has completed the acquisition of Baby Jogger Holdings from the Riverside, a global private equity firm. Baby Jogger is a leading designer and marketer of premium infant and juvenile products focused on activity strollers and related accessories. The company has a strong growth track record and is expected to deliver approximately $90M of net sales in 2014. The purchase price of $210M represents approximately 12 times estimated 2014 EBITDA before synergies and any potential tax benefits. The acquisition is expected to be accretive to Newell Rubbermaid's growth rate, EBITDA margin and normalized EPS in the first year.
December 11, 2014
11:48 EDTNWLNewell Rubbermaid management to meet with SunTrust
Meeting to be held in New York on December 17 hosted by SunTrust.
10:13 EDTNWLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ARIAD (ARIA) downgraded at Credit Suisse... AbbVie (ABBV) downgraded to Equal Weight from Overweight at Morgan Stanley... Aimco (AIV) downgraded to Hold from Buy at KeyBanc... Anglo American (AAUKY) downgraded to Underperform from Neutral at Exane BNP Paribas... Approach Resources (AREX) downgraded at Sterne Agee... CommVault (CVLT) downgraded to Neutral from Outperform at Macquarie... Fifth Street Senior (FSFR) downgraded to Perform from Outperform at Oppenheimer... Harmonic (HLIT) downgraded to Neutral from Buy at Sidoti... Macerich (MAC) downgraded to Hold from Buy at Deutsche Bank... Newell Rubbermaid (NWL) downgraded to Outperform from Strong Buy at Raymond James... Olin Corp. (OLN) downgraded at Longbow... Penn West (PWE) downgraded to Underperform from Neutral at BofA/Merrill... Prudential plc (PUK) downgraded to Neutral from Buy at Nomura... Semiconductor Manufacturing (SMI) downgraded to Hold from Buy at Jefferies... Suncor (SU) downgraded to Neutral from Buy at BofA/Merrill... Talisman Energy (TLM) downgraded to Underperform from Neutral at BofA/Merrill... Thompson Creek (TC) downgraded to Hold from Buy at Deutsche Bank... Toll Brothers (TOL) downgraded to Underperform from Sector Perform at RBC Capital... Travelers (TRV) downgraded to Neutral from Buy at UBS... United Therapeutics (UTHR) downgraded at Credit Suisse... Vera Bradley (VRA) downgraded to Underperform from Neutral at Sterne Agee.
07:50 EDTNWLNewell Rubbermaid downgraded to Outperform from Strong Buy at Raymond James
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