Activist hedge fund Jana Partners couldn't have done a better job timing its over 6% stake in supermarket chain Safeway, as the company was courted by Cerberus-owned Albertsons on a merger.
Would-be buyers of Dave & Buster's, Onex Corp. and Cineplex, have the potential to take the bar-cade chain and explore synergies to their movie theaters. Increasingly, it seems to be the MO for PE.
Netflix reports first-quarter earnings after the close of trading on Monday, and with the recent trouncing in the stock investors will be looking to see whether CEO Reed Hastings top-ticked his own company or if there is more fuel to this fire.
When people attach such frothy numbers to IPOs, we have problems.
Aastrom Biosciences (ASTM) soared Monday after the company announced its acquisition of Sanofi's Cell Therapy and Regenerative Medicine, or CTRM, business for $6.5 million. Aastrom will pay $4 million in cash and $2.5 million in a promissory note for the business. The company expects the acquisition to close in approximately three weeks. The acquisition gives Aastrom global commercial rights to three marketed autologous cell therapy products called Carticel, Epicel and MACI. Revenues of those three products totaled $44 million in 2013. Aastrom will also acquire manufacturing and production centers in the U.S. and Denmark. The stock was up 32.1% to $46.5 at 11:15 a.m., by which point it had eclipsed its average volume of 380,200 with more than 1.6 million shares traded for the day. Aastrom hit a high of $4.95 for the day as of that time.
Triangle Petroleum (TPLM) stock is down Monday after the company missed analysts' expectations for earnings in the fourth quarter.
Here's our menu of investment choices.
Calpine (CPN) stock is higher today following news LS Power Equity Advisors agreed to buy 3,500 MW of generation resources in the southeastern U.S. for $1.7 billion in cash.
Google's first-quarter announcement fuels optimism that the company is actively fostering new areas of growth through the cloud.
It was a technology company that may not be a household name. See how 20 other companies fared, as well, during a heavy earnings week.
Samsung's latest top-of-the-line flagship phone must be judged on two levels, its hardware and its software.
Weibo (WB) continued to rise Monday after a successful first day of trading on Thursday following the Chinese social media company's IPO. The stock opened at $21.68 and surged more than 15% to a high of $24.17 as of 10:55 a.m., by which point more than 7 million shares had changed hands. The company, which has been called the Chinese equivalent of Twitter (TWTR), raised $286 million by pricing its initial public offering of 16.8 million shares, 16% fewer than expected, at $17 a share. That price was at the low end of the expected $17 to $19 range but valued the company at approximately $3.46 billion. The stock opened at $16.27 on Thursday, but quickly recovered and surged more than 25% to a high of $24.48 for the day. More than 31 million shares had changed hands by the close of trading.
Kraft Foods has issued a recall for 96,000 pounds of Oscar Mayer hot dogs for mistakenly containing cheese. According to the U.S. Department of Agriculture's Food Safety and Inspection Service, Kraft's 'Oscar Mayer Classic Wieners' may contain its 'Classic Cheese Dogs' instead due to a packaging error. Due to the mislabeling, ingredients like milk, which is an allergen, are not displayed on the packaging. There have been no reports of adverse reactions from people who have eaten the hot dogs.
Moneygram (MGI) shares are down as its partnership with Walmart (WMT) ends.
Affluent investors are generally sunny, and 74% saying the stock market is the best place to build wealth over the next year.
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