New York REIT to begin trading on NYSE, announces tender offer New York REIT announced that it will begin trading on the New York Stock Exchange, having completed the listing process for its shares of common stock on NYSE. Trading of the company's stock will officially commence this morning under the ticker symbol "NYRT." The company also announced that, in conjunction with the listing of its shares of common stock on the New York Stock Exchange, it has commenced a concurrent tender offer to purchase up to 23.26M shares of its common stock at a price equal to $10.75 per share, or up to $250M worth of common stock. NYRT intends to fund the tender offer with cash on hand and funds available under NYRT's unsecured revolving credit facility. The tender offer will expire at on May 12, unless the tender offer is extended or withdrawn.
On The Fly: Analyst Upgrade Summary Today's noteworthy upgrades include: Alliant Energy (LNT) upgraded to Outperform from Market Perform at Wells Fargo... AmerisourceBergen (ABC) upgraded to Equal Weight from Underweight at Morgan Stanley... Amphenol (APH) upgraded to Buy from Neutral at Goldman... CA Technologies (CA) upgraded to Neutral from Sell at Citi... Cempra (CEMP) upgraded to Overweight from Equal Weight at Morgan Stanley... Edgewell Personal Care (EPC) upgraded to Neutral from Sell at Goldman... Eli Lilly (LLY) upgraded on improved growth outlook at BMO Capital... MiMedx (MDXG) upgraded to Strong Buy from Buy at Needham... NVIDIA (NVDA) upgraded to Buy from Hold at Canaccord... New York REIT (NYRT) upgraded to Buy from Hold at Evercore ISI... Oracle (ORCL) upgraded to Conviction Buy from Buy at Goldman... Perrigo (PRGO) upgraded to Buy from Neutral at UBS... Semtech (SMTC) upgraded to Buy from Neutral at B. Riley... Tullow Oil (TUWOY) upgraded to Buy from Neutral at UBS... Wabtec (WAB) upgraded to Outperform on valuatoin at Raymond James.