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Stock Market & Financial Investment News

News For VSI;IFF;GNC;FDO;LO;BEAM;RAD;MJN;ENR;VFC;TUP;BUD From The Last 14 Days
Check below for free stories on VSI;IFF;GNC;FDO;LO;BEAM;RAD;MJN;ENR;VFC;TUP;BUD the last two weeks.
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September 15, 2014
07:32 EDTBUDAB InBev in talks with banks for financing for SABMiller deal, WSJ reports
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September 14, 2014
15:55 EDTBUDSABMiller said to approach Heinenken with offer, Bloomberg says
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September 12, 2014
10:35 EDTGNC, VSIVitamin Shoppe may consider selling itself, analyst says
Vitamin retailer Vitamin Shoppe (VSI) could be considering selling itself after its 52 year old CEO announced that he would retire, Sterne Agee wrote in a note to investors today. WHAT'S NEW: After Vitamin Shoppe announced on September 10 that its CEO Tony Truesdale would retire effective June 2015, Sterne Agee analyst Charles Grom wrote that the news was surprising, in light of Truesdale's age and several initiatives recently carried out by the company. Given Truesdale's departure and the lack of available high-caliber retail management talent, along with Vitamin Shoppe's recent move into manufacturing via its acquisition of nutritional product maker Nutri-Force, Vitamin Shoppe's board may be considering selling the company, the analyst believes. Vitamin Shoppe could be weighing selling itself to competitor GNC (GNC) or a private equity firm, Grom wrote. He kept a $53 price target and Buy rating on Vitamin Shoppe. WHAT'S NOTABLE: In a note to investors on August 11, Credit Suisse predicted that GNC and Vitamin Shoppe could combine. The merger would create $135M of synergies and grow the combined entity's earnings before interest taxes depreciation and amortization by nearly 20%, the analyst predicted. Additionally, the companies have a great deal of store overlap, and the new CEO of GNC is a former president of Vitamin Shoppe, increasing the chances that a merger would be successful, Credit Suisse stated. PRICE ACTION: In mid-morning trading, Vitamin Shoppe lost 1% to $43, while GNC advanced 1% to $39.50.
10:00 EDTFDOOn The Fly: Analyst Initiation Summary
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09:20 EDTVSI, GNCVitamin Shoppe may be weighing sale of company, says Sterne Agee
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08:54 EDTMJNMead Johnson transforming to a balanced global story, says Goldman
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07:20 EDTVFCVF Corp. could raise targets for Timberland at analyst day, says UBS
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06:49 EDTFDOSome Dollar Tree owners see upside of Family Dollar offer failure, Reuters says
Analysts are saying that some Dollar Tree (DLTR) shareholders are seeing benefits if the company's $8.5B takeover of Family Dollar (FDO) falls through, by noting that the firm could broaden and repurchase stock with the $309B breakup fee while evading all the instability of a possible acquisition, reported Reuters. Reference Link
06:31 EDTFDOFamily Dollar initiated with a Neutral at UBS
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06:15 EDTFDODollar General waiting on FTC feedback for Family Dollar deal, NY Post reports
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05:57 EDTFDOStocks with implied volatility movement; SDS FDO
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September 11, 2014
10:49 EDTVSIHigh option volume stocks
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07:46 EDTFDOFamily Dollar should drop opposition to Dollar General deal, WSJ says
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September 10, 2014
16:19 EDTVSIVitamin Shoppe says CEO Tony Truesdale plans to retire next year
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13:35 EDTRADRite Aid September volatility elevated into Q2 and outlook
Rite Aid September call option implied volatility is at 61, October is at 52, January is at 42; compared to its 26-week average of 49 according to Track Data suggesting large near term price movement into the expected release of Q2 results after the close on September 18.
13:03 EDTFDOOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, with the Nasdaq comfortably the leader among the major averages. The market opened relatively quietly as investors digested the bevy of research reports surrounding apple (AAPL) and the companies effected by its new products and services announced yesterday. The averages crossed into negative ground early in trading, made it back to positive territory just before the lunch hour, and now are all in the black. ECONOMIC EVENTS: In the U.S., wholesale inventories rose 0.1% in July, which was below expectations for an increase of 0.5%. Wholesale sales rose 0.7%, which was above the 0.6% increase that was forecast. COMPANY NEWS: The strength in the Nasdaq was largely attributable to Apple, which rose about 2.5% the day after unveiling two new, larger iPhone 6 models, the Apple Watch and a new payment system, named Apple Pay... Dollar General (DG) "went hostile" in its pursuit of peer Family Dollar (FDO), commencing a tender offer to acquire all of the company's outstanding shares for $80.00 per share in cash. Family Dollar confirmed the unsolicited offer, noting that the terms are the same as those in the previously rejected proposal made by Dollar General on September 2. Family Dollar said its board will review and consider Dollar Generalís tender offer, but added that the board has not changed its recommendation in support of the company's merger with Dollar Tree (DLTR). MAJOR MOVERS: Among the notable gainers was NPS Pharmaceuticals (NPSP), which rose 21% after several analysts said FDA briefing documents for an advisory panel meeting on its Natpara drug were more favorable than expected. Also higher was clothing and accessories retailer Land's End (LE), which gained nearly 17% after the company's second quarter results beat the estimate of the only analyst that covers it. Among the noteworthy losers was eBay (EBAY), which fell for a second straight day after Apple announced its new mobile payment system, Apple Pay, that could come in direct competition with eBay's PayPal service. Shares of PayPal's parent were downgraded to Neutral this morning at Piper Jaffray and fell 3% near noon. Also lower following yesterday's presentation by Apple was partner GT Advanced (GTAT), which was downgraded at Goldman, Piper Jaffray and Dougherty and dropped more than 14% after it was revealed that sapphire will be used in the display cover of Apple Watch but not the iPhone 6. INDEXES: Near midday, the Dow was up 16.02, or 0.09%, to 17,029.89, the Nasdaq was up 21.10, or 0.46%, to 4,573.38, and the S&P 500 was up 2.62, or 0.13%, to 1,991.06.
10:08 EDTFDOFamily Dollar confirms Dollar General unsolicited tender offer
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10:06 EDTFDOFamily Dollar confirms Dollar General unsolicited tender offer
09:27 EDTFDODollar General tender for Family Dollar a logical next step, says Wells Fargo
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06:19 EDTFDODollar General commences tender offer to acquire Family Dollar for $80/share
Dollar General (DG) announced that it has commenced a tender offer to acquire all outstanding shares of Family Dollar Stores (FDO) for $80.00 per share in cash. The offer is scheduled to expire at 5:00 p.m., New York City time, on October 8, 2014, unless the offer is extended. The full terms, conditions and other details of the tender offer are set forth in the offering documents that Dollar General will file today with the SEC. Dollar General also will promptly file for clearance under the Hart-Scott-Rodino Act, which will allow the company to begin the antitrust approval process with the FTC. Dollar Generalís all-cash offer of $80.00 per share provides Family Dollar shareholders with a "superior valuation" to the $74.50 per share cash / stock offer announced by Dollar Tree (DLTR) on July 28, 2014. Dollar Generalís offer provides Family Dollarís shareholders with approximately $640M of additional aggregate value over Dollar Treeís offer. As part of a definitive merger agreement with Family Dollar, Dollar General would be willing to agree to divest up to 1,500 stores if required by the FTC and to pay Family Dollar a $500M reverse break-up fee if the transaction did not close for reasons related to antitrust approvals.
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