New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 6, 2014
08:19 EDTSLHSolera acquires Autosoft S.r.l.
Solera announced that one of its subsidiaries completed an acquisition of 100% of Autosoft S.r.l. Autosoft is an Italian platform that provides workflow, damage assessment and claims management for insurance companies, vehicle repairers and assessors in Italy.
News For SLH From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 5, 2015
10:55 EDTSLHOptions with increasing implied volatility: FOLD JWN PMCS SLH WFM
September 29, 2015
10:51 EDTSLHIHS Inc. CEO says not pursuing acquisition of Solera
IHS Inc. (IHS) issued a press release to confirm that during its earnings call earlier with analysts, IHS Chairman and CEO Jerre Stead responded to speculation about IHS acquiring Solera (SLH). Stead said: "Our normal practice is to not comment on market rumors or speculation and I have only done so one other time. However, since the recent speculation is causing uncertainty for shareholders I feel it appropriate to comment that we are not pursuing the acquisition of Solera. We will not be commenting further on this topic."
10:47 EDTSLHSolera slumps after IHS says not planning to pursue acquisition
Shares of Solera (SLH) are lower this morning after IHS Inc. (IHS) commented on its earnings conference call that it was not pursuing an acquisition of the software and service provider. Meanwhile, IHS is higher in morning trading after it reported third quarter earnings that were better than analysts expected. WHAT'S NEW: IHS, a global source of information and analytics, reported Q3 adjusted earnings per share of $1.56 on revenue of $587.95M, beating analysts' consensus estimates of $1.47 and $579.07M, respectively. The company said subscription revenue was up 8% to $466.6M in the quarter. Looking ahead, IHS forecast fiscal year 2015 adjusted EPS at the high end of its prior $5.80-$6.00 guidance, with FY15 revenue at the mid-point of its $2.3B-$2.34B guidance, against analysts' estimates of $5.92 and $2.32B, respectively. The company sees FY15 subscription revenue growth at the low end of its 5%-6% range, negative non-subscription organic growth and total organic growth for the fiscal year of 1%-2%. WHAT'S NOTABLE: IHS commented on its earnings conference call that while it is not its usual practice to comment on market rumors, it is not pursuing an acquisition of Solera. IHS noted that the recent market speculation was "causing uncertainty" for its shareholders. Reuters reported on Friday that IHS was preparing to make a stock-and-cash bid for Solera this week that would exceed Vista Equity Partners' $55.85 per share offer for Solera. Vista is planning to buy Solera for about $6.5B including net debt. According to sources, Reuters said that IHS sees synergies between Solera and its R.L. Polk & Co unit. Today, IHS said on its call that when the "right" acquisitions come that fit its criteria of being very accretive to EPS and strategically complementary, "we'll look forward to acquiring them." PRICE ACTION: Solera is down 2.3% to $53.79 in morning trading. Meanwhile, IHS is up 5.6% to $111.25.
09:27 EDTSLHOn The Fly: Pre-market Movers
HIGHER: Yahoo (YHOO), up 4.5% after the company's board authorized the company to continue to pursue its spin-off of Aabaco Holdings, a newly formed independent registered investment company that will hold all of Yahoo's remaining holdings in Alibaba Group (BABA)... Phoenix Companies (PNX), up 164% after Nassau Reinsurance agreed to acquire Phoenix for $37.50 per share in cash... McDonald's (MCD), up 1.4% after the stock was upgraded to Outperform at Credit Suisse... Johnson & Johnson (JNJ), up 1% following upgrade at Deutsche Bank. LOWER: Esperion (ESPR), down 29% after reporting that the FDA has encouraged the company to initiate a cardiovascular outcomes trial promptly since any concern regarding the benefit/risk assessment of ETC-1002 could necessitate a completed cardiovascular outcomes trial before approval... Solera (SLH), down 2% after IHS (IHS) said on its earnings call that it is not pursuing an acquisition of the company, as previouly indicated in media reports... Zosano (ZSAN), down 54% after the company announced that it would discontinue its ZP-PTH agreement with Eli Lilly (LLY).
08:20 EDTSLHSolera drops 2% in pre-market trade after IHS denies pursuit
On its Q3 earnings conference call, IHS (IHS) said its normal practice is not to comment on market rumors or speculation, but it clarified that it is not pursuing an acquisition of Solera (SLH). Reuters reported Friday that IHS was preparing to make a stock-and-cash offer for Solera that would exceed Vista's $55.85 per share bid. Shares of Solera are down a bit over 2% to $53.79 in pre-market trading while IHS' earnings call continues.
08:15 EDTSLHIHS Inc. says not pursuing acquisition of Solera
Subscribe for More Information
September 27, 2015
21:12 EDTSLHIHS preparing offer for Solera, Reuters says
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use