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Stock Market & Financial Investment News

News Breaks
July 1, 2014
16:32 EDTTRAKDealerTrack acquires ASR Pro for $14M in cash, shares
Dealertrack Technologies announced the acquisition of substantially all of the assets of ASR Pro, a leading provider of web-based electronic multipoint-inspection and fixed operations services for automotive dealerships. Total consideration for the transaction is approximately $14M in cash and Dealertrack shares; $12M in cash and $2M in Dealertrack shares, subject to standard purchase price adjustments. Additionally, there is $3M of contingent consideration, subject to attaining future performance targets. The company does not expect this acquisition to have a material impact on 2014 guidance.
News For TRAK From The Last 14 Days
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July 29, 2015
08:06 EDTTRAKDealerTrack secures customer wins for incadea.myengine automotive DMS solution
Dealertrack Technologies announced it has secured several customer wins for its incadea.myengine automotive DMS solution. Munich-based incadea will strengthen its presence in several growth markets, including Europe, Africa and Latin America, by leveraging the uniquely competitive value of its Microsoft Dynamics NAV 2013-based scalable DMS solution.
July 27, 2015
10:13 EDTTRAKHigh option volume stocks
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10:00 EDTTRAKOn The Fly: Analyst Downgrade Summary
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05:34 EDTTRAKDealerTrack downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded DealerTrack to Market Perform citing the pending acquisition by Cox Automotive. Wells raised its price target range for shares to $63-$64 from $52-$55.
July 24, 2015
08:04 EDTTRAKCox, Dealertrack receive second DOJ request for additional material
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