News Breaks |
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| February 14, 2013 |
| 17:15 EDT |  | YHOO, STX, S, CVH | Greenlight reports decreased stakes in Seagate, Coventry, Sprint, Yahoo!
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News For STX;CVH;S;YHOO From The Last 14 Days Check below for free stories on STX;CVH;S;YHOO the last two weeks. |
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| May 21, 2013 |
| 13:43 EDT |  | S | Clearwire reschedules special shareholder meeting
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| 13:36 EDT | | S | Clearwire holder Crest Financial protest company's delay of vote on merger
Crest Financial Limited, the largest of the independent minority stockholders of Clearwire Corporation (CLWR), protested the decision of the Clearwire Board of Directors to adjourn the Clearwire special meeting to consider Sprint's (S) increased offer price of $3.40 per share. Crest said that it has sent a letter to the Clearwire Board of Directors urging them to resist Sprint's new offer so that Clearwire can pursue direct offers through a competitive process once the bidding war over Sprint is concluded. Crest's letter to the Clearwire Board said, "Sprint's new offer for Clearwire still significantly undervalues Clearwire and its assets and provides no protections to minority stockholders." |
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| 10:20 EDT | | YHOO | Yahoo CEO says impact of Tumblr, other deals should be seen in 2014
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| 09:32 EDT | | S | Clearwire to resume trading at 9:45 am ET
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| 09:23 EDT | | S | Clearwire receives increase offer from Sprint
Clearwire (CLWR) confirmed that it has received a revised offer from Sprint (S) to acquire the approximately 50% stake in the company it does not currently own for $3.40 per share. Consistent with its fiduciary duties and in consultation with its financial and legal advisors, the Special Committee of the Clearwire board will review this revised proposal from Sprint. |
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| 09:22 EDT | | S | Clearwire receives increase offer from Sprint
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| 09:03 EDT | | S | Sprint increases offer for Clearwire to $3.40 per share from $2.97
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| 09:01 EDT | | S | Sprint increases offer for Clearwire to $3.40 per share
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| 08:57 EDT | | S | Sprint to raise bid for Clearwire above $2.97 prior offer, DJ says
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| 08:03 EDT |  | YHOO | Yahoo price target raised to $30 from $27 at Oppenheimer
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| 06:03 EDT |  | S | Clearwire to postpone today's vote on Sprint deal, NY Post reports
Clearwire (CLWR) will postpone today's shareholder vote on Sprint's (S) $2.97 per share takeover offer, New York Post reports. Reference Link |
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| 05:40 EDT | | S | Softbank confirms waiver, expects Sprint deal to close in six weeks
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| 05:31 EDT | | S | DISH, Sprint to engage in talks
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| 05:23 EDT | | S | Sprint provides transaction update
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| May 20, 2013 |
| 17:49 EDT | | YHOO | Yahoo CEO announces new office in NY, 1TB of free space on Flickr, AllThingsD says
Yahoo CEO, Marissa Mayer and NYC Mayor Michael Bloomberg announced, in a joint press conference, that Yahoo has a new office in the old New York Times building in Times Square, reports AllThingsD. Mayer also announced that Flickr users will have a free terabyte of storage space, the website added. Reference Link |
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| 16:22 EDT |  | YHOO | On The Fly: Closing Wrap
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| 13:29 EDT |  | S | Options with increasing implied volatility: UNXL NCT LYV CPRT S
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| 13:06 EDT | | YHOO | On The Fly: Midday Wrap
Stocks on Wall Street were modestly higher at midday as the Dow and S&P seek to continue their march higher after closing last week at record levels. ECONOMIC EVENTS: In the U.S., the light domestic economic calendar included the Chicago Fed National Activity index, which slipped to -0.53 for April from its prior reading of -0.23. In Asia, the Hang Seng and Shanghai Composite both climbed after Chinese home prices were reported to have risen in April. COMPANY NEWS: Yahoo (YHOO) confirmed it is buying social media platform Tumblr for $1.1B, as widely reported over the weekend, and promised "not to screw it up" in its press release to announce the deal... Actavis (ACT) agreed to acquire Warner Chilcott (WCRX) in a stock-for-stock transaction valued at approximately $8.5B. The deal, which was approved by the boards of both companies, equates to a value of $20.08 per Warner Chilcott share based on Actavis' closing share price on Friday, the companies said. MAJOR MOVERS: Among the notable gainers were some other companies with M&A news: Acquity Group (AQ) shares more than doubled after Accenture (ACN) agreed to buy the company for $13.00 per American Depositary Share, and Pactera Technology (PACT) gained 31% after receiving a non-binding proposal from a Blackstone (BX) affiliate to be taken private for $7.50 per ADS. Among the noteworthy losers was XenoPort (XNPT), which fell 11% after one of its drugs failed in a Phase III trial for multiple sclerosis spasticity. Also lower were shares of Red Hat (RHT), which slid 4% following a downgrade to Market Perform at BMO Capital. INDICES: Near 1 pm ET, the Dow was up 13.67, or 0.09%, to 15,368.07; the Nasdaq was up 1.13, or 0.03%, to 3,500.10; and the S&P 500 was up 2.18, or 0.13%, to 1,669.65. |
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| 11:21 EDT | | YHOO | Yahoo acquisition a step in right direction, says Piper Jaffray
Piper views Yahoo's acquisition of Tumblr as a step in the right direction and one that could increase the company's top line growth from its current 1% estimate to 2% in 2013 and from 5% to 8% in 2014. However, Piper feels the deal is too small to materially change Yahoo's growth rate and continues to view the Alibaba IPO as the biggest part of the Yahoo story. The firm raised its price target for shares to $27 from $21 and keeps a Neutral rating on the name. |
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| 10:55 EDT | | S | Crest asks Clearwire holders to wait until control of Sprint resolved for action
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