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Stock Market & Financial Investment News

News Breaks
February 20, 2013
12:51 EDTCTL, SFD, IAU, FE, LINE, VRTXIncreasing implied volatility stocks: SFD VRTX FE CTL LINE IAU
News For SFD;VRTX;FE;CTL;LINE;IAU From The Last 14 Days
Check below for free stories on SFD;VRTX;FE;CTL;LINE;IAU the last two weeks.
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June 18, 2013
12:54 EDTLINEOptions with increasing implied volatility: WLT LNCO MNKD LINE TWO
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12:20 EDTLINECooperman comfortable with Linn Energy position, TheStreet says
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11:47 EDTSFDHormel Foods falls after lowering profit outlook
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11:43 EDTVRTXOptions with decreasing implied volatility: PVH VRTX EWG
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08:36 EDTVRTXElan shares could be worh $19 in a buyout, says Jefferies
Jefferies raised its price target for shares of Elan (ELN) to $19 from $14, reflecting what it sees as the value of the company in a takeout scenario. The firm says Elan management suggested they would be open to sale in the $15-$20 per share range. Jefferies believes a high taxpaying suitor could pay the upper end of that range, and lists Allergan (AGN), Regeneron (REGN), Vertex (VRTX), Alexion (ALXN), Zoetis (ZTS), Mylan (MYL) and Perrigo (PRGO) as potential acquirers for Elan. Shares of Elan are up 13c to $13.62 in pre-market trading after Royalty Pharma announced that its buyout proposal for the company has expired.
06:04 EDTSFDStocks with implied volatility below IV index mean; TIVO SFD
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05:53 EDTLINEStocks with implied volatility movement; WLT LINE
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June 17, 2013
17:37 EDTSFDSmithfield Foods to review Starboard letter, WSJ says
In a statement Monday, Smithfield Foods said it will review the Starboard letter that encourages a breakup instead of the planned takeover by Shuanghui International Holdings, says the Wall Street Journal. Smithfield said it continues to believe the proposed merger is in the best interests of the company and its shareholders, added the Wall Street Journal. Reference Link
12:29 EDTSFDOn The Fly: Midday Wrap
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12:20 EDTLINEOptions with increasing implied volatility: WLT LNCO SRPT LINE
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09:58 EDTLINELINN Energy reiterated as a Strong Buy at Raymond James
09:57 EDTLINELINN Energy put contract concerns overstated, says Wells Fargo
After a cautious Barron's article over the weekend, Wells Fargo said it continues to believe concerns around LINN Energy's (LINE) treatment of put contracts are overstated. Further, the firm expects LinnCo's (LNCO) tax liability to remain minimal into the foreseeable future. Wells adds that LINN Energy has the option to sell its put portfolio, an event it feels could serve as a significant catalyst. The firm has Outperform ratings on both LINN Energy and LinnCo.
09:19 EDTLINEOn The Fly: Pre-market Movers
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09:18 EDTSFDStarboard says Smithfield could be worth $44-$55 if sold in parts
Starboard Value disclosed a 5.7% stake in Smithfield Foods and said it delivered a letter to the company's board. Starboard noted that its research indicated that the sum-of-the parts value of the Smithfield's operating divisions, which include Hog Production, International, and Pork, was well in excess of the then-current trading price of the company and that a separation of these businesses "was entirely feasible and could be accomplished without significant tax leakage." Starboard also expressed its belief that there are several likely strategic acquirers for each of the divisions. Starboard stated that it believes the proposed merger with Shuanghui "goes a long way towards closing the gap between the pre-deal market value of the Issuer and the intrinsic value of the business," yet the investor believes the merger "still significantly understates a conservative sum-of-the-parts valuation of the Issuer, which Starboard estimates to be worth between $9 billion and $10.8 billion after tax, or approximately $44 to $55 per share." Starboard told the board that Smithfield could be worth well in excess of the $34.00 per share Shuanghui is paying if it fully shopped its operating divisions to all potentially interested parties.
09:12 EDTSFDStarboard confirms 5.7% Smithfield stake, estimates $44-$55 share value
08:43 EDTSFDStarboard says talking to interested buyers of Smithfield units
Starboard Value CEO Jeffrey Smith is speaking on CNBC. The fund owns a 5.7% stake in Smithfield Foods.
08:41 EDTSFDStarboard says parties interested in parts of Smithfield Foods
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08:29 EDTSFDPilgrim's Pride volatility increases on Smithfield Food sale to Shuanghui
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07:38 EDTSFDSmithfield Foods volatility low into Starboard Value wants company breakup
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07:28 EDTVRTXCambridge Healthtech Institute to host a conference
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