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Stock Market & Financial Investment News

News Breaks
July 7, 2014
06:14 EDTSBMRYSABMiller to sell stake in Tsogo Sun Holdings
SABMiller announced its intention to dispose of its shareholding in Tsogo Sun through a combination of an institutional placing and a buy back buy Tsogo Sun following the completion of a strategic review. SABMiller currently has an effective 39.6% shareholding in Tsogo Sun valued at approximately $1.09B. SABMiller has decided to dispose of up to all of its ordinary shares in Tsogo Sun through two conditional transactions: a fully marketed secondary placing of up to approximately 305M ordinary shares to selected South African and institutional investors; and a buy back by Tsogo Sun of at least 130M ordinary shares for an aggregate consideration of approximately $260M.
News For SBMRY From The Last 14 Days
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July 23, 2015
15:29 EDTSBMRYDiageo drops nearly 5% following WSJ report of excess inventory shipments
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06:50 EDTSBMRYSABMiller reports Q1 group NPR up 3%
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July 21, 2015
10:01 EDTSBMRYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ASML (ASML) upgraded to Accumulate from Neutral at SNS Securities... Anacor (ANAC) upgraded to Buy from Neutral at Goldman... Artisan Partners (APAM) upgraded to Outperform from Neutral at Credit Suisse... Canadian National (CNI) upgraded to Buy from Hold at Canaccord... General Mills (GIS) upgraded to Outperform from Sector Perform at RBC Capital... Halliburton (HAL) upgraded to Accumulate from Neutral at Global Hunter... Harte-Hanks (HHS) upgraded to Outperform from Market Perform at BMO Capital... MDC Partners (MDCA) upgraded to Overweight from Neutral at Piper Jaffray... SABMiller (SBMRY) upgraded to Buy from Neutral at Nomura... Sanmina (SANM) upgraded to Neutral from Underperform at Longbow... Santander Mexico (BSMX) upgraded to Neutral from Sell at Goldman... Sherwin-Williams (SHW) upgraded to Buy from Neutral at Northcoast... Southwestern Energy (SWN) upgraded to Buy from Neutral at Global Hunter... Verisk Analytics (VRSK) assumed with an Outperform at Keefe Bruyette.
05:25 EDTSBMRYSABMiller upgraded to Buy from Neutral at Nomura
Nomura upgraded SABMiller to Buy citing an attractive risk/reward following the recent underperformance of shares.

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