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Stock Market & Financial Investment News

News Breaks
May 8, 2012
07:24 EDTPCLN, KKRPriceline.com eyeing takeover of Trainline, Sky News reports
Sky News has learned that Priceline.com (PCLN) is considering a takeover of British web-based rail ticketing service Trainline. Priceline is said to be one of several bidders vying for control of Trainline, which could be worth up to GBP400M. Other bidders are said to include Kohlberg Kravis Roberts (KKR) and a Canadian pension fund. Reference Link
News For PCLN;KKR From The Last 14 Days
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August 18, 2014
06:06 EDTKKRKKR, Abacus to acquire 70% of World Trade Center, Melbourne
Abacus Property Group and KKR have entered into definitive transaction documents to acquire a 70% interest in Towers 2, 3 and 4 of the World Trade Center, Melbourne. The vendor, Asset 1 WTC, will retain a 30% co-ownership interest. The total consideration for the acquisition of the 70% interest is $120.4M, excluding transaction costs, and represents an initial yield of 9.3% per annum. The property is a part of the Northbank precinct adjacent to the central business district. Under the terms of the venture, KKR will fund 75% of the equity and Abacus will fund the remaining 25%. Abacus will provide local property, asset and development management services to WTC. The transaction is subject to FIRB approval and finalisation of the senior bank facility, which is well advanced. Settlement is anticipated to occur in October this year. Reference Link
August 15, 2014
10:01 EDTKKROn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Apollo Global (APO) downgraded to Market Perform from Outperform at Wells Fargo... Calavo Growers (CVGW) downgraded to Neutral from Outperform at Wedbush... DaVita (DVA) downgraded to Hold from Buy at Deutsche Bank... Dangdang (DANG) downgraded to Neutral from Outperform at Credit Suisse... Ducommun (DCO) downgraded to Neutral from Buy at DA Davidson... Energy XXI (EXXI) downgraded to Sector Perform from Outperform at Howard Weil... Fifth Street Finance (FSC) downgraded to Neutral from Buy at Gilford Securities... Genetic Technologies (GENE) downgraded to Neutral from Buy at Ladenburg... Harmony Gold (HMY) downgraded to Underweight from Neutral at HSBC... Ignite Restaurant (IRG) downgraded to Neutral from Overweight at Piper Jaffray... JDSU (JDSU) downgraded to Hold from Buy at Argus... K12 (LRN) downgraded to Market Perform from Outperform at Wells Fargo... KKR (KKR) downgraded to Market Perform from Outperform at Wells Fargo... Lexington Realty (LXP) downgraded to Neutral from Buy at Ladenburg... Lithia Motors (LAD) downgraded to Underweight from Equal Weight at Morgan Stanley... New York & Co. (NWY) downgraded to Neutral from Buy at Janney Capital... OCI Partners (OCIP) downgraded to Underweight from Equal Weight at Barclays... OmniVision (OVTI) downgraded to Neutral from Outperform at RW Baird... Smith & Nephew (SNN) downgraded to Equal Weight from Overweight at Morgan Stanley... Subsea 7 (SUBCY) downgraded to Neutral from Buy at Goldman... Tencent (TCEHY) downgraded to Neutral from Overweight at JPMorgan... ViaSat (VSAT) downgraded to Equal Weight from Overweight at Stephens... bebe stores (BEBE) downgraded to Neutral from Buy at Janney Capital.
07:26 EDTKKRApollo, KKR downgraded to Market Perform at Wells Fargo
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05:41 EDTKKRKKR downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded KKR to Market Perform citing valuation.
05:16 EDTPCLNPriceline prices $1B senior notes offering
Priceline announced the pricing of $1B principal amount of Convertible Senior Notes due 2021 through a private offering to qualified institutional buyers. The notes will pay interest semiannually at a rate of 0.90% per annum. In certain circumstances, the notes may be converted into cash up to their principal amount, and into shares of Priceline common stock and/or cash at Priceline's election for the conversion value above the principal amount based on a conversion rate of 0.4865 shares of common stock per $1,000 principal amount of the notes. Priceline estimates that the net proceeds from the offering of notes will be approximately $990M, after deducting estimated fees and expenses. Priceline plans to use the net proceeds from the offering of the notes to repurchase approximately $147M of its outstanding common stock in privately negotiated, off-market transactions, which may be effected through the initial purchasers of the notes or their affiliates, concurrently with the consummation of the offering. Any remaining net proceeds will be used for general corporate purposes, which may include repaying outstanding debt, repurchasing additional shares of the company's common stock and corporate acquisitions.
August 14, 2014
17:27 EDTPCLNAppaloosa gives quarterly update on stakes
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14:13 EDTKKROmega Advisors gives quarterly update on stakes
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August 13, 2014
16:18 EDTPCLNPriceline proposes $1B private offering of convertible senior notes
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August 12, 2014
09:33 EDTPCLNPriceline price target raised to $1,595 from $1,500 at Macquarie
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07:57 EDTPCLNPriceline price target raised to $1,565 from $1,475 at Pacific Crest
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August 11, 2014
15:51 EDTPCLNPriceline price target raised to $1,500 from $1,410 at Cantor
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12:17 EDTPCLNPriceline guidance likely conservative, says Piper Jaffray
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09:56 EDTPCLNPriceline rises after results, levels to watch
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09:06 EDTPCLNOn The Fly: Pre-market Movers
HIGHER: PharmAthene (PIP), up 55% after announcing that a Delaware court awarded the company lump sum expectation damages for the value of its lost profits for SIGA Technologies' (SIGA) smallpox antiviral, Tecovirimat... MannKind (MNKD), up 19% after entering exclusive licensing agreement for development and commercialization of Afrezza inhaled insulin with Sanofi (SNY)... Kinder Morgan (KMI), up 19% after announcing it will acquire all of the outstanding equity securities of Kinder Morgan Energy Partners (KMP), Kinder Morgan Management (KMR) and El Paso Pipeline Partners (EPB)... Tesla (TSLA), up 2.7% following upgrade at Deutsche Bank... Achillion (ACHN), up 6% following upgrades at Wells Fargo and at Piper Jaffray... PepsiCo (PEP), up 0.9% following upgrade at UBS. LOWER: Dean Foods (DF), down 8.6% after reporting Q2 losses that were steeper than expected, saying balance of year "appears rocky," which makes it difficult to provide guidance beyond the immediate quarter... Priceline (PCLN), down 0.7% after reporting Q2 revenue that missed expectations, guiding Q3 EPS below consensus... SIGA Technologies, down 31% after ruling in suit with PharmAthene... 2U (TWOU), down 4.3% after downgraded at Goldman.
07:08 EDTPCLNPriceline reports Q2 bookings up 34% to $13.5B
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07:06 EDTPCLNPriceline sees Q3 EPS $19.60-$21.10, consensus $21.28
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07:04 EDTPCLNPriceline reports Q2 EPS $1.251, consensus $12.04
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06:38 EDTPCLNPriceline announces OpenTable mobile payment
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06:13 EDTKKRTreasury Wine Estates confirms receipt of competing proposal
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August 10, 2014
21:15 EDTKKRKKR rival TPG makes bid for Treasury Wine Estates, WSJ says
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