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Stock Market & Financial Investment News

News Breaks
August 25, 2014
15:18 EDTADEP, PSEC, FN, PINC, RENNNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Premier (PINC), consensus 33c; Prospect Capital (PSEC), consensus 32c; Renren (RENN), consensus (7c); Fabrinet (FN), consensus 35c; Adept Technology (ADEP), consensus 2c.
News For PINC;PSEC;RENN;FN;ADEP From The Last 14 Days
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August 4, 2015
06:59 EDTPINCPremier to acquire CECity for $400M, accretive in FY16 and FY17
Premier reached an agreement to acquire CECity, for $400M. CECity is a privately-held, SaaS-based healthcare solutions provider, specializing in performance management and improvement, pay-for-value reporting and professional education. Premier expects the transaction to be accretive to adjusted fully distributed earnings per share by approximately 2c-4c in FY16, and 8c-10c cents in FY17. Under terms of the agreement, Premier will purchase 100% of CECity's outstanding stock for $400M. This amount will be funded by $250M of cash on hand and $150M from borrowings under the company's untapped $750M revolving credit facility. The transaction is expected to close in Premier's fiscal Q1.
05:47 EDTPINCPiper Jaffray disagrees with activist Starboard on MedAssets
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July 31, 2015
06:06 EDTRENNRenren CFO Ashley Law Kwok Wai resigns, COO James Jian Liu named Interim CFO
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July 24, 2015
12:30 EDTPINCPremier management to meet with William Blair
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