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Stock Market & Financial Investment News

News Breaks
June 23, 2014
12:18 EDTSYT, MONSyngenta jumps 3% after Bloomberg says Monsanto explored buyout
News For SYT;MON From The Last 14 Days
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May 20, 2015
19:22 EDTSYT, MONMonsanto pursuing 'really clean' Syngenta deal, says offer is 'very attractive'
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09:41 EDTSYT, MONSyngenta says Monsanto statement contains nothing new, Bloomberg reports
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07:33 EDTSYT, MONMonsanto 'confident in ability' to address regulatory concerns in Syngenta deal
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07:33 EDTSYT, MONMonsanto says on track in five-year plan to at least double ongoing EPS by 2019
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07:31 EDTMONMonsanto says on track in five-year plan to at least double ongoing EPS by 2019
07:30 EDTMONMonsanto, Scotts Miracle-Gro expand long-standing agreement
Monsanto Company (MON) and The Scotts Miracle-Gro Company (SMG) announced the two companies have extended their nearly two-decade long partnership in the lawn and garden consumer market. Since 1999, Scotts Miracle-Gro, through one of its subsidiaries, has served as Monsanto's exclusive agent for the marketing and distribution of Roundup® non-selective herbicides in the consumer lawn and garden market within the United States and select international markets. Today’s agreement will unlock additional value in the Roundup brand in the lawn and garden segment by providing Scotts with an extended license to use the Roundup brand in new lawn and garden product categories and broaden their marketing rights into new geographies. As part of the extension, Monsanto also renewed and expanded the terms of its marketing agreement with Scotts and provided preferred access to Monsanto’s R&D pipeline for lawn and garden. Under the agreement, Scotts will pay Monsanto a one-time upfront payment of $300M in exchange for a Roundup® brand license, extended agency agreement and technology agreement.
07:07 EDTMONBMO Capital to hold a conference
10th Annual Farm to Market Conference is being held in New York on May 20-21 with webcasted company presentations to begin on May 20 at 8 am; not all company presentations may be webcasted. Webcast Link
07:06 EDTMONScotts Miracle-Gro announces agreement with Monsanto to extend Roundup brand
Scotts Miracle-Gro (SMG) announced an agreement with Monsanto (MON) that offers opportunities to extend the Roundup brand into new lawn and garden categories and geographies. The two companies also have reached a technology sharing agreement and have made amendments to the existing Roundup Agency Agreement that provide greater long-term security for ScottsMiracle-Gro. Key highlights to the agreements provide ScottsMiracle-Gro with enhanced security, as termination of the agreement no longer includes specific performance criteria. In the event Monsanto terminates the agreement, in certain circumstances, the company would receive a termination fee of no less than $200M and would retain its agency rights for at least 5 years. ScottsMiracle-Gro has agreed to pay Monsanto $300M in connection with these and other amendments to the current Agency Agreement and the brand extension and joint technology agreements. Financing will be accommodated under the company's existing credit facility. Because the ability to introduce new products and enter new geographies could take several years, the amended agreement modifies the existing commission structure. The result of the new structure is expected to offset financing costs and the expenses required for the development of new Roundup products and services.
May 19, 2015
07:15 EDTMONGoldman Sachs to hold a conference
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May 17, 2015
14:32 EDTMON, SYTSyngenta shares show promise even without Monsanto deal, Barron's says
Shares of Syngenta (SYT) could be "worth a bet" even if Monsanto's (MON) takeover efforts flounder, Barron's contends in its 'International Trader - Europe' column. Barron's notes that the company's cost reduction measures could yield $265M in savings this year, a figure which may jump to $1B by 2018. Reference Link
May 15, 2015
10:01 EDTSYTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aspen Technology (AZPN) upgraded to Overweight from Sector Weight at Pacific Crest... Canadian National (CNI) upgraded to Outperform from Sector Perform at Scotia Capital... Connecticut Water (CTWS) upgraded to Outperform from Market Perform at Wells Fargo... Hanesbrands (HBI) upgraded to Buy from Neutral at DA Davidson... Impala Platinum (IMPUY) upgraded to Buy from Neutral at Goldman... Inovalon (INOV) upgraded to Buy from Neutral at Goldman... J.C. Penney (JCP) upgraded to Market Perform at BMO Capital... Sovran Self Storage (SSS) upgraded to Buy from Neutral at UBS... Syngenta (SYT) upgraded to Neutral from Underperform at Exane BNP Paribas... UPS (UPS) upgraded to Buy from Neutral at Goldman... Union Pacific (UNP) upgraded to Buy from Hold at TD Securities... Yum! Brands (YUM) upgraded to Overweight from Neutral at JPMorgan.
07:26 EDTMON, SYTBayer expecting crops and seeds industry consolidation, Reuters reports
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05:32 EDTSYTSyngenta upgraded to Neutral from Underperform at Exane BNP Paribas
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May 14, 2015
15:18 EDTSYT, MONMonsanto seeks buyer for Syngenta seeds ahead of takeover offer, Reuters says
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May 12, 2015
10:01 EDTSYTOn The Fly: Analyst Upgrade Summary
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09:21 EDTSYTSyngenta upgraded to Neutral from Underweight at JPMorgan
06:11 EDTSYTSyngenta upgraded to Market Perform from Underperform at Bernstein
May 11, 2015
09:59 EDTSYTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alcatel-Lucent (ALU) upgraded to Outperform from Neutral at Exane BNP Paribas... Caterpillar (CAT) upgraded to Outperform at Baird... Cisco (CSCO) upgraded to Outperform with $36 target at Pacific Crest... Evolution Petroleum (EPM) upgraded to Outperform from Market Perform at Northland... Hecla Mining (HL) upgraded on hedging discipline at Roth Capital... Joy Global (JOY) upgraded to Outperform from Neutral at Baird... Monster Beverage (MNST) upgraded to Buy from Neutral at Citigroup... Nokia (NOK) upgraded to Outperform from Neutral at Exane BNP Paribas... On Deck Capital (ONDK) upgraded to Neutral from Sell at Sterne Agee CRT... Royal Caribbean (RCL) upgraded to Outperform from Neutral at Wedbush... SMC (SMECF) upgraded to Buy from Neutral at Goldman... Sally Beauty (SBH) upgraded to Outperform from Market Perform at Raymond James... Southwestern Energy (SWN) upgraded to Overweight from Equal Weight at Barclays... Sprouts Farmers Markets (SFM) upgraded to Outperform at BMO Capital... Suburban Propane (SPH) upgraded on positive outlook at Stifel... Suffolk Bancorp (SUBK) upgraded to Outperform from Market Perform at Keefe Bruyette... Syngenta (SYT) upgraded to Buy from Neutral at UBS... Triumph Group (TGI) upgraded to Outperform from Sector Perform at RBC Capital... United Natural Foods (UNFI) upgraded to Overweight from Equal Weight at Stephens... Web.com (WWWW) upgraded to Buy from Hold at Deutsche Bank... Zillow Group (Z) upgraded to Buy from Neutral at SunTrust.
05:35 EDTSYT, MONSyngenta upgraded to Buy from Neutral at UBS
UBS upgraded Syngenta (STY) to Buy saying Monsanto (MON) is likely to raise its takeover bid for the company. The firm views antirust issues as manageable and believes Monsanto could offer as much as CHF535 per share for Syngenta.
May 10, 2015
17:23 EDTSYT, MONSyngenta does not consider Monsanto deal dead, Reuters says
Monsanto (MON) remains committed to acquiring Syngenta (SYT) despite having its $45B offer rejected, Reuters reported Friday, citing sources close to each company. A source familiar with Syngenta said the firm does not consider the deal dead. Reference Link

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