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Stock Market & Financial Investment News

News Breaks
April 8, 2014
08:19 EDTWYNFTC data-breach suit against Wyndham allowed to proceed, WSJ says
A federal judge allowed the Federal Trade Commission to move forward with a lawsuit that accuses Wyndham of failing to make reasonable efforts to protect consumer information, though the early ruling focused solely on the FTC's authority to bring its suit and offered no opinion on the underlying merits of the allegations, reported The Wall Street Journal. Reference Link
News For WYN From The Last 14 Days
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March 26, 2015
16:09 EDTWYNStarwood rises after FTC notice sparks takeover speculation
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15:56 EDTWYNStarwood could be worth $103/share in buyout, says SunTrust
SunTrust says the FTC's move to grant early termination notice on the potential Senator Global Opportunity Offshore Fund, Starwood deal could be driving some takeover speculation in the name. The firm sees Wyndham (WYN) as the most likely acquirer, and estimates that Starwood (HOT) could be worth $103 in a takeout scenario. SunTrust questions whether the speculation is "all smoke and no fire," however, and keeps a Neutral rating on the stock with an $85 price target.

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