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Stock Market & Financial Investment News

News Breaks
July 2, 2014
16:11 EDTQTS, MHFIQTS Realty acquires data center, forms strategic partnership with Atos
QTS Realty Trust (QTS) has completed the acquisition of a data center facility in East Windsor, New Jersey, from McGraw Hill Financial (MHFI), for approximately $75Mn, and has formed a new strategic partnership with Atos. In connection with the purchase of the McGraw Hill Financial data center, QTS has also signed a 10-year lease, plus a 15-year extension option, with Atos, a leading international information technology services company headquartered in Bezos, France. Under this arrangement, QTS will provide Atos with its custom data center offering as well as its new QTS Critical Facilities Management service, which leverages QTS' expertise in data center management and services to run data center facilities for enterprise customers. Atos will package QTS' C1 and CFM services with their own comprehensive IT outsourcing service offering for McGraw Hill Financial, who will continue to locate their data center needs in the New Jersey facility.
News For QTS;MHFI From The Last 14 Days
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July 27, 2015
17:36 EDTMHFIOn The Fly: Top stock stories for Monday
Stocks began the session deep in negative territory, with weakness attributed to the Chinese market suffering its worst one day loss in over eight years. The U.S. indexes remained in the negatives throughout the day as traders prepare for one of the heaviest weeks for this earnings season. ECONOMIC EVENTS: In the U.S., durable goods orders advanced 3.4% in June versus expectations for a 3.2% increase. Excluding transportation items, the core reading was up 0.8% against estimates for a 0.5% gain. In China, the Shanghai composite index fell 8.5% and the Shenzhen composite dropped 7%, with the moves generally attributed to concerns over growth and fears that the government may pull its market support. Note that Dow Jones quoted the country's top securities regulator this morning as saying China plans to increase stock purchases by the state. COMPANY NEWS: Shares of Teva (TEVA) jumped $10.15, or 16.41%, to $72.07 after the generic drugmaker dropped its pursuit of Mylan (MYL), opting instead to acquire Allergan's (AGN) global generic pharmaceuticals business for $40.5B. Allergan shares rose 6.09% for the session, and Mylan fell 14.51% to $56.37 while reiterating its commitment to pursue Perrigo (PRGO), whose shares gained 3.81% to $193.60. MAJOR MOVERS: Among the notable gainers was Wabtec (WAB), which rose $6.59, or 7.21%, to $97.93 after agreeing to buy Faiveley Transport for roughly $1.8B, noting that it expects EPS accretion in 2016. In other M&A news, Magnetek (MAG) finished the session up $17.27, or 53.55%, to $49.52 after Columbus McKinnon (CMCO) agreed to acquire the company for $50 per share, while Beacon Roofing Supply (BECN) jumped $2.62, or 8.71%%, to $32.70 after agreeing to buy Roofing Supply Group at a transaction value of about $1.1B. Also higher were shares of Xueda Education (XUE), which surged 50.63% after Xiamen Insight Investment announced a deal to purchase the company for $5.50 per American Depository Share. Xueda's positive move came in stark contrast to numerous Chinese stocks traded in New York, with Baidu (BIDU) slipping 4.16% and Alibaba (BABA) losing 2.01% after China's Shanghai composite index plunged overnight. Also lower was McGraw Hill Financial (MHFI), declining $6.01, or 5.69%, to $99.59 after agreeing to acquire SNL Financial for roughly $2.225B in cash. Additionally, GrubHub (GRUB) lost 8.37% to $30.99 following a downgrade from Cowen citing competitive concerns and market saturation. INDEXES: The Dow fell 127.94, or 0.73%, to 17,440.59, the Nasdaq lost 48.85, or 0.96%, to 5,039.78, and the S&P 500 declined 12.01, or 0.58%, to 2,067.64.
12:03 EDTMHFIOn The Fly: Top stock stories at midday
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07:34 EDTMHFIMcGraw Hill Financial reports Q2 Transaction revenue up 1% to $329M
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07:33 EDTMHFIMcGraw Hill Financial backs FY15 adjusted EPS $4.35-$4.45, consensus $4.44
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07:33 EDTMHFIMcGraw Hill Financial reports Q2 adjusted EPS $1.21, consensus $1.13
Reports Q2 revenue $1.34B, consensus $1.36B.
07:31 EDTMHFIMcGraw Hill Financial to acquire SNL Financial for $2.23B
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July 26, 2015
15:18 EDTMHFIMcGraw Hill in talks to acquire SNL Financial, Bloomberg says
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July 20, 2015
09:19 EDTQTSBofA/Merrill data center analyst holds an analyst/industry conference call
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July 16, 2015
05:29 EDTMHFIMcGraw Hill Financial division Platts acquires Petromedia
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