|May 8, 2014|
|06:07 EDT||V, APC||Stocks with implied volatility below IV index mean; V APC|
Stocks with implied volatility below IV index mean; Visa (V) 18, Anadarko (APC) 24.
News For V;APC From The Last 14 Days
|November 28, 2014|
|08:38 EDT||APC||Anadarko volatility elevated as crude oil trades lower|
Anadarko overall option implied volatility of 36 compares to its 26-week average of 30 according to Track Data, suggesting large price movement.
|November 25, 2014|
|18:13 EDT||APC||Black Hills receives approval for acquisition of certain assets of MGTC|
Black Hills (BKH) announced that the Wyoming Public Service Commission approved the acquisition of certain gas transmission and distribution utility assets of MGTC, wholly owned subsidiary of Anadarko Petroleum (APC). The transaction is expected to close by Jan. 1, 2015. Black Hills Corp. is acquiring the MGTC assets in northeastern Wyoming for approximately $6M.
|November 23, 2014|
|15:30 EDT||V||Visa sees put option for Visa Europe in excess of $10B|
In a regulatory filing from early Friday, Visa said, "We have granted Visa Europe a put option, which Visa Europe can exercise at any time and which would require us to purchase all outstanding capital stock from Visa Europe's members within 285 days. Given current economic conditions, the purchase price under the terms of the put option could likely be in excess of $10B dollars and we may need to obtain third-party financing in order to meet our obligation through the issuance of either debt or equity. An equity offering, or the payment of part of the exercise price with our stock, would dilute the ownership interests of our stockholders. Sufficient financing might not be available to us within that time on reasonable terms. In addition, we are required to assess any change in the fair value of the put option on a quarterly basis and record adjustments as necessary on our consolidated statements of operations. Consequently, the adjustments affect our reported net income and earnings per share. These quarterly adjustments and their resulting impact on our reported statements of operations could be significant. The existence of these changes in the fair value of the put option could adversely affect our ability to raise capital and increase any associated costs. If we acquire Visa Europe, we may also encounter difficulties in integrating Visa Europe's business and systems into our existing operations. If we cannot do so quickly and cost-effectively, the integration could divert the time and resources of senior management and other key resources, disrupt our current operations and adversely affect our results of operations. In addition, we would become subject to any ongoing or future regulatory disputes as a result of EU regulations that govern the operations of Visa Europe. We may also be required to assume any ongoing or future litigation involving Visa Europe."
|November 18, 2014|
|06:23 EDT||V||Sprint names Douglas Michelman to management team, to replace Bill White|
Sprint (S) announced the appointment of Douglas Michelman to Sprintís leadership team. Most recently, he spent 10 years as Chief Communications Officer at Visa (V), where he oversaw global media relations, public affairs, industry analyst relations and financial and communication strategies. Prior to Visa, Michelman served in various roles at FleishmanHillard, including regional president and senior partner. In addition to his many years of corporate experience, Michelmanís communications background also includes staff positions for two presidential campaigns. Michelman replaces Bill White, Senior Vice President of Corporate Communications and Corporate Social Responsibility, who will be leaving the company. White spent the past 32 years with Sprint. Michelman joins Sprint on Monday, Dec. 1, 2014, and will be relocating to Overland Park, Kansas.
|November 17, 2014|
|06:07 EDT||V||Stocks with implied volatility below IV index mean; CREE V|
Stocks with implied volatility below IV index mean; Cree (CREE) 37, Visa (V) 17 according to iVolatility.
|November 14, 2014|
|08:43 EDT||V||Visa price target raised to $305 from $241 at Pacific Crest|
Pacific Crest increased its price target on Visa as the firm is more upbeat about the pace of the company's innovations after meeting with its Global Head of Innovation and Strategic Partnerships. The firm believes that the company's innovations lower its disintermediation risk and may boost its transaction growth and enable it to launch new value-added services. The firm keeps an Outperform rating on the shares.