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Stock Market & Financial Investment News

News Breaks
November 13, 2009
06:45 EDTICON, PLAPlayboy reportedly in talks with buyers including Iconix, WSJ reports
Playboy Enterprises (PLA) is said to be in talks to sell itself with a number of buyers, including Iconix Brand (ICON), the Wall Street Journal's "Deal Journal" reports. Playboy's entertainment revenue rose to $2.3M in Q3 from last year, a 37% increase, making the cable television network a bright spot; print revenue fell 44% in Q3 and its core magazine has been hurt by online competitors. Analysts believe Iconix has about $200M for acquisitions left after paying $109M for a stake in a joint venture for the Ecko portfolio. Reference Link
News For PLA;ICON From The Last 14 Days
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November 13, 2015
07:53 EDTICONSequential Brands weighed down by sector concerns, says Canaccord
Canaccord believe shares of Sequential Brands (SQBG) are lower due to negative commentary from Iconix Brands (ICON). The firm feels the share retracement has entirely discounted Sequential's last three deals and noted the company just raised its organic growth rate target to double digits, has strong financial partners, and believes the company's new long-term revenue targets could double upon the closing of its Martha Stewart deal. Canaccord reiterated its Buy rating and $22 price target on Sequential Brands shares.

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