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Stock Market & Financial Investment News

News Breaks
December 12, 2012
19:15 EDTRRD, HRG, TELK, ENDP, SAMOn The Fly: After Hours Movers
UP AFTER GUIDANCE: Boston Beer (SAM), up 12% after raising FY12 EPS view... ALSO HIGHER: Telik (TELK), up 28% after reporting preliminary clinical trial abstract for neutrophina treatment... R.R. Donnelley (RRD), up 3% after first day of trading on the S&P MidCap 400... DOWN AFTER GUIDANCE: Endo Health (ENDP), down 6% after cutting FY12, FY13 EPS views, announcing CEO to retire... ALSO LOWER: Harbiner Group (HRG), down 12% after filing to sell unknown amount of common stock.
News For SAM;TELK;RRD;ENDP;HRG From The Last 14 Days
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May 1, 2015
10:00 EDTSAMOn The Fly: Analyst Downgrade Summary
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05:35 EDTSAMBoston Beer downgraded to Sell from Neutral at Goldman
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April 29, 2015
19:09 EDTSAMOn The Fly: After Hours Movers
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16:43 EDTSAMBoston Beer reaffirms 2015 EPS outlook $7.10-$7.50, consensus $7.59
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16:42 EDTSAMBoston Beer reports Q1 EPS $1.00, consensus 68c
Reports Q1 revenue $199.5M, consensus $204.18M. Depletions for the 13 week period ending March 28 grew by 8% from the comparable 13 week period ending March 29, 2014. Core shipment volume was approximately 885,000 barrels, a 6% increase compared to last year.
April 28, 2015
17:46 EDTHRGSpectrum Brands acquires Armored AutoGroup for $1.4B
Spectrum Brands Holdings (SPB) announced it has signed a definitive merger agreement to acquire Armored AutoGroup Parent from Avista Capital Partners for $1.4B in cash and assumed debt. Including synergies from its acquisition of the A/C PRO business from IDQ Acquisition Corp. in March 2014, other synergies and organic growth, Armored AutoGroup is expected to generate net sales of more than $440M and adjusted EBITDA in excess of $140M for the calendar year ending December 31. Nearly 80% of Armored AutoGroupís annual revenues are generated in the U.S. The acquisition is expected to increase Spectrum Brandsí top-line growth and margins and be accretive to adjusted EPS and adjusted EBITDA before synergies in the first full fiscal year following the closing of the transaction. In addition, the acquisition is expected to add over $60M of free cash flow in the first full fiscal year after closing, including acquisition, integration and interest costs. The $1.4B cash purchase price and associated transaction fees and expenses are expected to be funded through a combination of new debt and approximately $500M of Spectrum Brands common stock, including equity to be purchased by HRG Group (HRG). As part of the transaction, Spectrum Brands has received debt financing commitments from Credit Suisse, Deutsche Bank and Jefferies.
08:10 EDTENDPEndo appoints Matthew Maletta as Chief Legal Officer
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