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Liberty Media Off Lows
Friday, May 20, 2011 - 12:40pm | 90Liberty Media Corp (NASDAQ: LCAPA) shares have moved well off the lows, after the company announced a bid for Barnes & Noble (NYSE: BKS) at $17 per share. Shares had started the session near $89, dropped all the way down near the $85 level, and have since moved back towards the $88 level....
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BGB Securities Comments on Liberty Media's Barnes & Noble Offer
Friday, May 20, 2011 - 12:26pm | 143BGB Securities provided color on Liberty Media's (NASDAQ: LCAPA) offer to purchase Barnes & Noble (NYSE: BKS) in a research report published today. BGB Securities has previously given Liberty a Buy rating and $100 price target. In the report, BGB Securities states, " In all, we see an...
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Barnes & Noble Soaring Past Bid, Now Up 30%
Friday, May 20, 2011 - 10:35am | 82Barnes & Noble, Inc. (NYSE: BKS) is in the news this morning, as the company received an unsolicited offer from John Malone's Liberty Media (NASDAQ: LCAPA) to purchase the company at $17 per share. At last check, shares were blowing past the $17 level, trading at $18.40, a gain of $4.29, or 30...
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Earnings Roundup For May 20
Friday, May 20, 2011 - 10:32am | 598E-Commerce China Dangdang Inc (NYSE: DANG) reported a 203.6% surge in its net income for the first quarter on Friday. Dangdang reported its net income at RMB3.1 million ($0.5 million). Its total net revenue rose 53.5% y/y to RMB687.6 million ($105.0 million). DANG's adjusted EBITDA rose 27.7% y/y...
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Citi Reports On Liberty Plans For Barnes & Noble
Friday, May 20, 2011 - 9:13am | 87According to Citi, Liberty Capital (NASDAQ: LCAPA) announced its intention to acquire Barnes and Noble (BKS) for $17 per share (20% premium to 5/19/11 share price of ~$14), or about $1 billion in an all cash-transaction. Citi said that Liberty intends to finance $500 million of the acquisition...
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Bank of America Upgrades ZLC To Buy
Friday, May 20, 2011 - 8:27am | 176Bank of America has upgraded Zale Corp. (NYSE: ZLC) from Neutral to Buy and is maintaining a $4.75 price target on the stock, which is down in spite of positive trends. Says Bank of America, in the report, “We are upgrading Zale from Neutral to Buy as the risk/reward favors upside given recent...
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What The Heck Was Liberty Media Thinking?
Friday, May 20, 2011 - 8:21am | 339Last night, news came down that Liberty Media (NASDAQ: LCAPA) was making a bid for Barnes & Noble, Inc. (NYSE: BKS) for $17 per share. The bid came out of nowhere, and surprised everyone. So why did John Malone do this? That's been the big question that everyone is asking this morning, as no...
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UPDATE: Hibbett Reports Upbeat Q1 Results, Lifts Earnings Forecast
Friday, May 20, 2011 - 7:50am | 113Hibbett Sports Inc (NASDAQ: HIBB) released its results for the first quarter on Friday. Hibbett reported its Q1 net income at $21.3 million, up from $17.3 million, in the year-ago period. Hibbett reported its Q1 earnings at $0.76 per share. The company's revenue increased 10.4% y/y to $203.7...
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Bank of America Upgrades Zale To Buy, $4.75 PO
Friday, May 20, 2011 - 7:46am | 26Bank of America has upgraded Zale (NYSE: ZLC) from Neutral to Buy and has a price objective of $4.75.
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Barnes & Noble Gets $17 A Share Offer From Liberty Media
Friday, May 20, 2011 - 7:45am | 253Barnes & Noble, Inc. (NYSE: BKS), today announced that the Special Committee of its Board of Directors has received a proposal from Liberty Media to acquire the Company at a price of $17 per share in cash. The proposal is subject to, among other things, the signing of a definitive purchase...
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A Peek Into The Market Before The Trading Starts
Friday, May 20, 2011 - 7:29am | 401Pre-open movers US stock futures are lower this morning. Futures on the Dow Jones Industrial Average dipped 31 points to 12,560.00 and futures on the S&P 500 stock index fell 3.70 points to 1,338.00. Nasdaq 100 futures dropped 6.25 points to 2,362.75. A Peek Into Global Markets Asian...
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Zale Raised to Buy vs Neutral at BofA
Friday, May 20, 2011 - 7:05am | 22Bank of America raised its rating on Zale (NYSE: ZLC) from Neutral to Buy.
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Liberty Media Offers $1 Billion to Acquire Barnes & Noble
Friday, May 20, 2011 - 6:30am | 305Liberty Media Corporation (NASDAQ: LCAPA) announced Wednesday that it has made a proposal to acquire Barnes & Noble Inc. (NYSE: BKS) for $17 per share in cash. Liberty's offer is a 20% premium to the Thursday closing price of Barnes & Noble, at tops $1 billion. Barnes & Noble put...
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Earnings Scheduled For May 20
Friday, May 20, 2011 - 2:08am | 172E-Commerce China Dangdang Inc (NYSE: DANG) is expected to post its Q1 EPS at $0.00 on revenue of $103.37 million. AnnTaylor Stores Corp (NYSE: ANN) is projected to report its Q1 earnings at $0.48 per share on revenue of $512.11 million. Donaldson Company Inc (NYSE: DCI) is projected to report...
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Stocks To Watch For May 20
Friday, May 20, 2011 - 1:44am | 305Some of the stocks that may grab investor focus today are: Analysts expect AnnTaylor Stores Corp (NYSE: ANN) to report its Q1 earnings at $0.48 per share on revenue of $512.11 million. ANN shares gained 0.17% to $30.25 in the after-hours trading session. Gap Inc (NYSE: GPS) reported a 23% decline...