News Breaks |
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| March 20, 2013 |
| 11:01 EDT |  | SGMO, WHX, RVBD, STZ, EBIX | Options with decreasing implied volatility: WHX EBIX RVBD SGMO STZ
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News For WHX;EBIX;RVBD;SGMO;STZ From The Last 14 Days Check below for free stories on WHX;EBIX;RVBD;SGMO;STZ the last two weeks. |
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| June 19, 2013 |
| 19:28 EDT |  | EBIX | Ebix, Goldman Sachs affiliate terminate merger agreement
Ebix (EBIX) announced that it and an affiliate of Goldman Sachs (GS) have agreed to terminate their previously announced merger agreement. The merger agreement, announced on May 1, had provided for Ebix to be acquired by an affiliate of Goldman Sachs. The decision to terminate the merger agreement was the result of a letter received by Ebix on June 14 from the U.S. Attorney for the Northern District of Georgia that it had opened an investigation into allegations of intentional misconduct that had been brought to its attention from the pending shareholder class action lawsuits against the company's directors and officers, the media and other sources. The merger agreement is being terminated without payment of a termination fee by either party and each party and certain significant shareholders of Ebix and each of their respective affiliates have agreed to release each other from all claims arising under or related to the terminated merger agreement and related transaction agreements. Ebix's board of directors announced that it intends to continue to evaluate strategic options for the company. |
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| June 18, 2013 |
| 09:54 EDT |  | SGMO | Sangamo BioSciences management to meet with JMP Securities
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| June 17, 2013 |
| 10:10 EDT |  | SGMO | On The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Blackstone Mortgage Trust (BXMT) initiated with an Overweight at JPMorgan... ChannelAdvisor (ECOM) initiated with a Buy at Goldman... IHS Inc. (IHS) initiated with a Hold at Deutsche Bank... Synergy Pharmaceuticals (SGYP) initiated with a Buy at Citigroup... T-Mobile (TMUS) initiated with a Neutral at RW Baird... Teradata (TDC) initiated with an Underperform at Cowen... Tesla (TSLA) initiated with an Overweight at Global Equities... U.S. Silica (SLCA) initiated with an Outperform at Wells Fargo... Ubiquiti Networks (UBNT) initiated with an Outperform at BMO Capital... Altra Holdings (AIMC) initiated with a Neutral at Sidoti... Portola Pharmaceuticals (PTLA) initiated with an Outperform at William Blair... Silver Standard (SSRI) initiated with a Neutral at Citigroup... Sangamo BioSciences (SGMO) initiated with an Outperform at Cowen... Aruba Networks (ARUN) initiated with a Buy at Maxim... Unwired Planet (UPIP) initiated with a Buy at Lake Street. |
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| 08:38 EDT | | SGMO | Sangamo BioSciences initiated with an Outperform at Cowen
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| June 13, 2013 |
| 11:31 EDT | | SGMO | High option volume stocks: PES SGMO HNT CTB FNSR
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| June 12, 2013 |
| 12:48 EDT | | EBIX | Options with increasing implied volatility: ACAD EBIX ELN
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| 10:14 EDT |  | RVBD | On the Fly: Upgrade Summary
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| 07:18 EDT | | RVBD | Riverbed upgraded to Buy from Neutral at Lazard Capital
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| June 11, 2013 |
| 13:34 EDT | | EBIX | Options with increasing implied volatility: EBIX LIFE SFD
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| June 7, 2013 |
| 16:07 EDT | | STZ | Constellation completes acquisition of Grupo Modelo's U.S. beer business
Constellation Brands (STZ) announced that it has completed its acquisition of Grupo Modelo's U.S. beer business from Anheuser-Busch InBev (BUD) for approximately $4.75B. The transaction includes full ownership of Crown Imports LLC which provides Constellation with complete, independent control of all aspects of the U.S. commercial business; a state-of-the-art brewery in Nava, Mexico; exclusive perpetual brand license in the U.S. to import, market and sell Corona and the Modelo brands Crown currently sells and the freedom to develop brand extensions and innovations for the U.S. market. With the close of the acquisition, Constellation begins to operate as one company with two divisions: a beer division and a wine and spirits division. A brewery operations group has also been established to manage the expansion and integration of the Nava brewery. Constellation plans to invest $500M-$600M during the next three years to expand the facility to double its current capacity to meet projected demand for products in the U.S. |
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| June 5, 2013 |
| 12:59 EDT | | STZ | Constellation says has agreement in principle with DoJ, Mexican Antitrust unit
Constellation Brands says it has reached two key milestones for regulatory approvals for the Modelo transaction including an agreement in principle with the U.S. Department of Justice and approval by the Mexican Antitrust Commission. At this time, the closing of the transaction is expected to occur around the end of Constellation’s Q1 or shortly thereafter. The purchase price for the combined transaction is $4.75B. This includes $1.85B for the remaining interest in Crown, and $2.9B for the brewery and perpetual brand rights which is based on an initial assumed EBITDA of $310M representing the profit stream from Modelo’s sales of beer to Crown Imports for 2012. Comments made in slide presentation ahead of company's investor meeting. |
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| 09:00 EDT | | RVBD | Riverbed management to meet with Lazard Capital
Meetings to be held in Toronto on June 6 and in New York on June 7 hosted by Lazard Capital. |
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| 08:16 EDT | | STZ | Constellation Brands to host investor meeting
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