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Stock Market & Financial Investment News

News Breaks
February 3, 2014
06:48 EDTPOST, NSRGYPost Holdings agrees to acquire PowerBar, Musashi brands from Nestle
Post Holdings (POST) announced it has agreed to acquire the PowerBar and Musashi brands and related worldwide assets from Nestle (NSRGY). This transaction furthers Post's efforts to expand upon its investment in the active nutrition category while continuing to execute against the strategy of transforming Post into a more diversified consumer goods company. Post anticipates combining this transaction with Post's current active nutrition portfolio to form a singular Active Nutrition Group with expected annualized revenue approaching $550M. The acquired brands participate in the rapidly growing sports nutrition bar and sports nutrition supplement categories. The global active nutrition category is expected to remain strong with the category projected to grow at a compound annual growth rate of 7% between 2014 and 2017.
News For POST;NSRGY From The Last 14 Days
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August 20, 2014
06:27 EDTPOSTPost, Thai Union interested in Bumble Bee takeover, Reuters says
Bumble Bee Foods has drawn acquisition interest from both Thai Union Frozen Products and Post Holdings recently, according to Reuters, citing people familiar with the matter. The sources said that the company is anticipating to launch a sale process this coming autumn and has named an adviser to assist with the endeavor. Reference Link
August 11, 2014
14:45 EDTPOSTPost Holdings management to meet with SunTrust
Meeting to be held in Boston on August 14 hosted by SunTrust.
09:10 EDTPOSTDean Foods says concerned about cereal category influence on fluid milk use
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August 8, 2014
16:28 EDTPOSTOn The Fly: Closing Wrap
Stocks began the session in positive territory despite President Obama authorizing air strikes against the Islamic State militant group in northern Iraq in conjunction with a humanitarian effort. The early move higher stalled but the market then moved higher as reports confirmed that Russian military aircraft exercises near the Ukraine border had ended, as planned. ECONOMIC EVENTS: In the U.S., productivity growth rose 2.5% in the second quarter, beating expectations for a rise of 1.6%. Second quarter unit labor costs, however, only increased 0.6%, which was below the 1% consensus forecast. Wholesale inventories increased 0.3% in June, and sales were up 0.2%, which were both below expectations. COMPANY NEWS: Shares of McDonald's (MCD) were fractionally higher despite the company reporting that its comparable store sales fell 2.5% in July, which was significantly worse than expected. The fast food giant stated that its U.S. comparable sales were down 3.2% in the month compared to the same month of last year and that comp sales in Asia/Pacific, Middle East and Africa dropped 7.3%. The APMEA region's comparable sales decline reflects the impact of food quality and safety issues at a supplier to McDonald's and other food companies in China which caused a "significant negative impact" to results in China, Japan and certain other markets, the company noted. As a result of the China supplier issue, the company's previously issued global comparable sales forecast for 2014 is now at risk, McDonald's added. MAJOR MOVERS: Among the notable gainers was chip maker NVIDIA (NVDA), which rose $1.54, or 8.82%, to $19.00 after the company’s second quarter profit and third quarter revenue outlook surpassed analysts’ consensus estimates. Also higher was small-cap Tekmira Pharmaceuticals (TKMR), which jumped $6.43, or 45.06%, to $20.70 after announcing that the FDA has verbally confirmed they have modified the full clinical hold placed on the TKM-Ebola Investigational New Drug Application to a partial clinical hold. Among the noteworthy losers was cereal maker Post Holdings (POST), which fell $7.08, or 15.91%, to $37.43 and was downgraded to Neutral from Buy at SunTrust after the company reported an adjusted net loss for its third quarter and agreed to acquire American Blanching Company for $128M. Also lower were shares of Ignite Restaurant (IRG), the owner of the Joe’s Crab Shack and Macaroni Grill brands, which fell $4.33, or 34.98%, to $8.05 after reporting second quarter results that missed analysts' expectations and having its shares downgraded at Raymond James and CL King. INDEXES: The Dow advanced 185.66, or 1.13%, to 16,553.93, the Nasdaq gained 35.93, or 0.83%, to 4,370.90, and the S&P 500 rose 22.02, or 1.15%, to 1,931.59.
10:03 EDTPOSTPost Holdings drops sharply, levels to watch
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10:00 EDTPOSTOn The Fly: Analyst Downgrade Summary
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06:35 EDTPOSTPost Holdings downgraded to Neutral from Buy at SunTrust
August 7, 2014
18:41 EDTPOSTOn The Fly: After Hours Movers
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17:11 EDTPOSTPost Holdings reports Q3 adjusted EPS (30c)
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17:11 EDTPOSTPost Holdings acquires American Blanching Company for $128M in cash
Post Holdings announced it has signed a stock purchase agreement to acquire American Blanching Company. American Blanching is a manufacturer of peanut butter for national brands, private label retail and industrial markets and provides peanut blanching, granulation and roasting services for the commercial peanut industry. On a full year basis, American Blanching is expected to contribute approximately $135M to net sales and approximately $14M-$16M of adjusted EBITDA. Terms of the agreement call for $128M to be paid, on a cash-free, debt-free basis, subject to working capital and other adjustments. The acquisition is expected to be funded from cash on hand. Post anticipates completing the acquisition in 1Q15.
15:33 EDTPOST Notable companies reporting after market close
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15:31 EDTPOSTNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include CBS (CBS), consensus 72c; Consolidated Edison (ED), consensus 54c; Monster Beverage (MNST), consensus 75c; News Corporation (NWSA), consensus 3c; NVIDIA (NVDA), consensus 20c; Computer Sciences (CSC), consensus 94c; CareFusion (CFN), consensus 72c;DeVry Education (DV), consensus 67c; Salix Pharmaceuticals (SLXP), consensus $1.72; Federal Realty (FRT), consensus $1.21; SolarCity (SCTY), consensus (99c); Medivation (MDVN), consensus 24c; Sprouts Farmers Market (SFM), consensus 18c; Alnylam Pharmaceuticals (ALNY), consensus (56c); Lions Gate (LGF), consensus 17c; Mercadolibre (MELI), consensus 56c; Post Holdings (POST), consensus 27c; Assured Guaranty (AGO), consensus 35c; Great Plains Energy (GXP), consensus 41c; Air Lease (AL), consensus 52c; Ubiquiti Networks (UBNT), consensus 51c; SemGroup (SEMG), consensus 35c.
07:57 EDTNSRGYForeign trade group warns inversion crackdown could prompt job cuts, WSJ says
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05:56 EDTNSRGYNestle announces CHF 8B share buyback program
Nestle said it plans to launch a new share buyback program of CHF 8B that will start this year and continue into 2015. It added, "This is in line with the Group’s policy to maintain our current financial rating while at the same time providing a competitive return to shareholders with a sustainable dividend policy in line with underlying earnings growth."
05:56 EDTNSRGYNestle to close Hot Pockets plant in Chatsworth, LA Times reports
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05:56 EDTNSRGYNestle confirms 2014 organic growth outlook around 5%
Nestle said, "Full year outlook confirmed: organic growth around 5% and improvements in margins, underlying earnings per share in constant currencies and capital efficiency."
05:55 EDTNSRGYNestle reports 1H organic growth 4.7%, net profit CHF 4.6B
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August 6, 2014
13:31 EDTNSRGYEarnings Preview: Keurig Green Mountain expects Q3 EPS of 83c-88c
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