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Stock Market & Financial Investment News

News Breaks
April 25, 2014
06:39 EDTPBHPrestige Brands agrees to acquire Insight Pharmaceuticals for $750M
Prestige Brands announced that it has entered into a definitive agreement to acquire Insight Pharmaceuticals, a marketer and distributor of feminine care and other over-the-counter healthcare products, for $750M in cash. As part of the transaction, Prestige will acquire tax attributes with a present value of approximately $100M, which results in an effective purchase price of approximately $650M. This transaction, combined with the Hydralyte transaction, is expected to result in pro forma revenues and adjusted EBITDA of approximately $800M and $300M, respectively for the company in FY15. The company anticipates closing on this transaction during the first half of this fiscal year, subject to customary closing conditions, including clearance under the Hart-Scott Rodino Antitrust Improvements Act of 1976. Financing for the transaction is expected from a combination of cash on the balance sheet, use of Prestige’s revolving credit agreement, and an add-on to its existing term loan. Sawaya Segalas, & Co., LLC acted as exclusive financial advisor to Prestige Brands on this transaction.
News For PBH From The Last 14 Days
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February 5, 2016
10:02 EDTPBHOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 21st Century Fox (FOXA) initiated with an Outperform at Telsey Advisory... AbbVie (ABBV) initiated with an Outperform at William Blair... CBS (CBS) initiated with an Outperform at Telsey Advisory... Criteo (CRTO) initiated with an Outperform at Boenning & Scattergood... LHC Group (LHCG) initiated with a Buy at Jefferies... Marriott Vacations (VAC) initiated with an Outperform at Credit Suisse... Prestige Brands (PBH) initiated with an Overweight at Piper Jaffray... Rubicon Project (RUBI) initiated with an Outperform at Boenning & Scattergood... TESARO (TSRO) initiated with a Buy at Lake Street... Time Warner (TWX) initiated with an Outperform at Telsey Advisory... TubeMogul (TUBE) initiated with a Neutral at Boenning & Scattergood... Viacom (VIAB) initiated with an Outperform at Telsey Advisory... Wyndham (WYN) initiated with a Neutral at Credit Suisse.
06:34 EDTPBHPrestige Brands initiated with an Overweight at Piper Jaffray
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February 4, 2016
06:25 EDTPBHPrestige Brands expects to close DenTek transaction in early February
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06:24 EDTPBHPrestige Brands reports Q3 North American OTC Healthcare revenue $165.1M
Reports Q3 International OTC Healthcare revenue $13.8M. Reports Q3 Household Cleaning revenue $21.3M.
06:10 EDTPBHPrestige Brands sees FY16 revenue growth of 10%-11%, consensus $786.01M
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06:09 EDTPBHPrestige Brands sees FY16 adjusted EPS to be in high end or above $2.05-$2.10
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06:08 EDTPBHPrestige Brands reports Q3 adjusted EPS 53c, consensus 49c
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