Stock Market & Financial Investment News

News Breaks March 21, 2013 07:14 EDT ROC, BX Blackstone may be bidders for Rockwood units, Reuters reports According to sources, Blackstone (BX), Permira and Bain Capital may be potential bidders for Rockwood's (ROC) two units that are expected to be up for sale, Reuters reports. The sale could fetch over $2B, the sources add. Reference Link News For ROC;BX From The Last 14 Days Check below for free stories on ROC;BX the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 20, 2013 13:06 EDT BX On The Fly: Midday Wrap Stocks on Wall Street were modestly higher at midday as the Dow and S&P seek to continue their march higher after closing last week at record levels. ECONOMIC EVENTS: In the U.S., the light domestic economic calendar included the Chicago Fed National Activity index, which slipped to -0.53 for April from its prior reading of -0.23. In Asia, the Hang Seng and Shanghai Composite both climbed after Chinese home prices were reported to have risen in April. COMPANY NEWS: Yahoo (YHOO) confirmed it is buying social media platform Tumblr for $1.1B, as widely reported over the weekend, and promised "not to screw it up" in its press release to announce the deal... Actavis (ACT) agreed to acquire Warner Chilcott (WCRX) in a stock-for-stock transaction valued at approximately $8.5B. The deal, which was approved by the boards of both companies, equates to a value of $20.08 per Warner Chilcott share based on Actavis' closing share price on Friday, the companies said. MAJOR MOVERS: Among the notable gainers were some other companies with M&A news: Acquity Group (AQ) shares more than doubled after Accenture (ACN) agreed to buy the company for $13.00 per American Depositary Share, and Pactera Technology (PACT) gained 31% after receiving a non-binding proposal from a Blackstone (BX) affiliate to be taken private for $7.50 per ADS. Among the noteworthy losers was XenoPort (XNPT), which fell 11% after one of its drugs failed in a Phase III trial for multiple sclerosis spasticity. Also lower were shares of Red Hat (RHT), which slid 4% following a downgrade to Market Perform at BMO Capital. INDICES: Near 1 pm ET, the Dow was up 13.67, or 0.09%, to 15,368.07; the Nasdaq was up 1.13, or 0.03%, to 3,500.10; and the S&P 500 was up 2.18, or 0.13%, to 1,669.65. 12:52 EDT BX Blackstone biggest outside investor in SAC Capital, CNBC reports Blackstone (BX) is the biggest outside investor in SAC Capital, with over $400M placed at the hedge fund, CNBC's Kate Kelly reports. Blackstone expects to pull some money from SAC, added Kelly. 09:26 EDT BX On The Fly: Pre-market Movers Subscribe for More Information 08:38 EDT BX First Potomac sells industrial portfolio for $259M Subscribe for More Information 08:04 EDT ROC BofA/Merrill's U.S. chemicals analyst holds an analyst/industry conference call Subscribe for More Information May 16, 2013 07:11 EDT BX Some asset managers want investors to buy their shares, Reuters reports Subscribe for More Information 06:08 EDT BX On the Fly: Periodicals Wrap-Up Subscribe for More Information May 15, 2013 16:09 EDT BX DDR Corp. acquires select prime power centers from its Blackstone JV for $1.46B DDR Corp. (DDR) announced an agreement to acquire a portfolio of prime power centers from its existing joint venture with Blackstone Real Estate Partners VII (BX). The acquisition, which is expected to close in Q4 subject to customary closing conditions, will significantly increase DDR's cash flow generated by very high quality, large format prime power centers located in top MSA's in the United States. The joint venture between Blackstone and DDR currently owns 44 shopping centers, and DDR has executed a purchase and sale agreement to acquire Blackstone's 95% common equity ownership interest in 30 of these shopping centers for $1.46B. DDR intends to fund this acquisition through a combination of the assumption of $398M in existing debt, nearly $150M from the repayment of preferred equity and mezzanine loans previously funded by DDR and proceeds from the issuance of common equity and unsecured debt. As part of the consideration, DDR has the right, subject to certain conditions, to issue common shares to Blackstone in an amount not to exceed $250M. 16:07 EDT BX DDR Corp. acquires select prime power centers from its Blackstone JV for $1.46B Subscribe for More Information 07:11 EDT BX Some buyout firms move beyond buyouts, WSJ reports Subscribe for More Information 06:08 EDT BX On the Fly: Periodicals Wrap-Up Subscribe for More Information May 14, 2013 05:44 EDT BX Banks work deals from both sides of the field, WSJ reports Subscribe for More Information May 10, 2013 07:49 EDT BX Blackstone targets corporations rich balance sheets, Bloomberg reports Subscribe for More Information May 9, 2013 07:34 EDT BX Simon Graduate School of Business to hold a conference 2013 Simon NYC Conference is being held in New York on May 9. May 8, 2013 10:09 EDT ROC Rockwood CeramTec unit being sought by three bidders, DJ says BC Partners, Bain Capital, and Cinven remain in the bidding for the unit, according to Dow Jones, citing sources. May 7, 2013 09:51 EDT ROC Rockwood management to meet with Deutsche Bank Subscribe for More Information 09:50 EDT ROC Rockwood management to meet with ISI Group Subscribe for More Information 08:05 EDT BX Blackstone price target raised to $28 from $22 at Argus Argus increased its price target on Blackstone as the firm expects the company's distribution and stock price to be boosted by a better cycle of real estate exits. The firm thinks this trend is in its early innings and keeps a Buy rating on the shares. Sign up for a free trial to see the rest of the stories you've been missing.