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Stock Market & Financial Investment News

News Breaks
March 13, 2014
07:34 EDTSALERetailMeNot recent pullback an overrreaction, says Jefferies
Jefferies says the recent weakness in shares of RetailMeNot is an overreaction to the company's final lock-up expiration and the perception of increasing competition. The firm believes RetailMeNot's fundamentals remain solid and views current levels as a compelling entry point. Jefferies reiterates a Buy rating on the stock with a $47 price target.
News For SALE From The Last 14 Days
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August 17, 2015
13:11 EDTSALEAlibaba unlikely to make competing offer for zulily, say Baird
zulily (ZU) shareholder Alibaba (BABA) is unlikely to make a competing takeover bid for the online retailer, Baird analyst Colin Sebastian tells investors in a research note. Alibaba, which upped its stake in zulily to 9% in May, likely views the company as an investment rather than a vehicle to enter the U.S. market, Sebastian argues. This morning, Liberty Interactive (QVCA) announced it had reached an agreement to acquire zulily for $18.75 per share or $2.4B. The analyst sees strategic benefits from the deal. Increased takeover activity in the small-cap internet space could support the valuations of the remaining independents, including ChannelAdvisor (ECOM), Yelp (YELP), Groupon (GRPN), Angie's List (ANGI) and RetailMeNot (SALE), Sebastian writes. Shares of zulily are soaring 47% to $18.50 following the takeover agreement.

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