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Stock Market & Financial Investment News

News Breaks
March 7, 2014
05:46 EDTRSH, IGTStocks with implied volatility movement; RSH IGT
Stocks with implied volatility movement; RadioShack (RSH) 132, International Game (IGT) 44 according to iVolatility.
News For RSH;IGT From The Last 14 Days
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September 26, 2014
10:21 EDTRSHStandard General in discussions with RadioShack on new business operating plan
Standard General reports 9.8% stake in RadioShack. Standard General has been in discussions with the company regarding a proposal on a business operating plan and certain ways to improve the company’s liquidity position in advance of the holiday shopping season. Proposals under discussion include Standard General and certain other investors purchasing loans and other commitments under the Company’s asset backed credit facility from its existing lenders. Under such a proposed transaction, Standard General and certain other New Investors may propose to subordinate their investment in the Credit Facility to other investors in order to improve the near-term liquidity available to fund the Company’s holiday working capital needs. Pursuant to such a proposal, the investment by the New Investors could be the first step of a broader recapitalization of RadioShack proposed to be completed by early 2015, which may include Standard General and certain other New Investors acquiring preferred equity convertible into common equity, board nomination rights and corresponding changes to the Company’s structure.
September 24, 2014
11:24 EDTRSHRadioShack sees Fix It Here available to 700 locations by 2014 end
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September 23, 2014
16:11 EDTIGTInternational Game and GTECH amend merger agreement
International Game Technology and GTECH S.p.A. announced that they have amended their previously announced merger agreement dated July 15. IGT and GTECH entered into the amendment with the overall intent of improving the timing and certainty of completion of the transaction in the interests of both companies and their shareholders. The amendment relieves IGT of additional regulatory and disclosure requirements, which were expected to delay the completion of the transaction. The amendment also reflects a reduced number of required approvals from gaming regulators as a condition precedent to closing. While the aggregate amount of stock and cash to be paid to IGT shareholders has remained unchanged, the amendment eliminates the mechanism for IGT shareholders to elect all-stock, all-cash consideration, or a mixed election, subject to proration. Upon completion of the merger, all IGT shareholders will receive the mixed consideration described in the merger agreement. As previously disclosed, this consists of a combination of $13.69 in cash plus a number of ordinary shares of a newly formed U.K. holding company equal to $4.56 divided by a calculation of the dollar value of GTECH shares prior to the transaction closing, subject to adjustments and limitations set forth in the merger agreement.
06:02 EDTIGTInternational Game partners with Ellen DeGeneres Show for new video slot machine
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September 22, 2014
07:22 EDTRSHRadioShack: Discussions with major vendor did not result in any changes
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September 19, 2014
06:03 EDTRSHStocks with implied volatility movement; TAP RSH
Stocks with implied volatility movement; Molson Coors (TAP) 31, RadioShack (RSH) 247 according to iVolatility.
September 18, 2014
05:47 EDTRSHStocks with implied volatility movement; TRW RSH
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