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BJ's Wholesale To Be Acquired For $2.8B; Shares Rise In Pre-Market
Wednesday, June 29, 2011 - 7:29am | 85BJ's Wholesale Club Inc (NYSE: BJ) agreed to be bought by affiliates of Leonard Green & Partners LP and funds advised by CVC Capital Partners for $2.8 billion. BJ's shareholders will receive $51.25 a share in cash, representing a premium of 7% over the stock's closing price on Tuesday. The...
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BJ's Wholesale Club Announces Definitive Agreement to Be Acquired by Leonard Green & Partners and CVC for $51.25 Per Share in Cash
Wednesday, June 29, 2011 - 7:00am | 276BJ's Wholesale Club (NYSE: BJ) today announced that it has entered into a definitive agreement to be acquired by affiliates of Leonard Green & Partners, L.P. and funds advised by CVC Capital Partners in an all-cash transaction valued at approximately $2.8 billion. Under the terms of the...
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JP Morgan Raises PT On WD-40 Company To $42
Wednesday, June 29, 2011 - 6:37am | 27JP Morgan has raised the price target on WD-40 Company (NASDAQ: WDFC) from $40 to $42 and maintains its Neutral rating.
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Goldman Sachs Lowers PT On Campbell Soup To $32
Wednesday, June 29, 2011 - 6:31am | 28Goldman Sachs has lowered the price target on Campbell Soup Company (NYSE: CPB) from $34 to $32 and maintains its Sell rating.
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US Stock Futures Up; All Eyes On Greek Vote, Home Sales Data
Wednesday, June 29, 2011 - 6:16am | 397US stock futures are higher this morning, as investors are awaiting results from General Mills (NYSE: GIS) and home-sales data. The Greek parliament is scheduled to vote on the austerity measures. Futures on the Dow Jones Industrial Average surged 19 points to 12,160.00 and futures on the S&P...
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Stocks to Watch for 6/29/11: Fresh 52 Week Highs and Lows
Wednesday, June 29, 2011 - 4:11am | 2861Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Tuesday's trading session: 1) CIGNA (NYSE: CI): Shares of CIGNA hit a 52-week high of $51.16 in Tuesday's...
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Coca-Cola Femsa To Acquire Grupo Tampico Bottling Unit
Wednesday, June 29, 2011 - 2:53am | 194Coca-Cola Femsa SAB de CV (NYSE: KOF) agreed to buy the beverage division of Grupo Tampico for 9.30 billion pesos ($788 million), including the assumption of MXN2.75 billion in debt. The deal has been approved by both Coca-Cola FEMSA's and Grupo Tampico's Board of Directors. The merger agreement...
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Earnings Scheduled For June 29
Wednesday, June 29, 2011 - 12:49am | 304Family Dollar Stores Inc (NYSE: FDO) is projected to post its Q3 earnings at $0.95 per share on revenue of $2.17 billion. Acuity Brands Inc (NYSE: AYI) is estimated to report its Q3 EPS at $0.63 on revenue of $447.59 million. General Mills (NYSE: GIS) is expected to report its Q4 EPS at $0.52 on...
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Mad Money Lightning Round: Cramer Likes Cheesecake Factory
Wednesday, June 29, 2011 - 12:40am | 325On CNBC's Mad Money, Jim Cramer said during the Lightning Round that he “really likes Cheesecake Factory (NASDAQ: CAKE).” He added, “It's a well run company and I'm a buyer." He said that Ezcorp (NASDAQ: EZPW) is “part of the expanding lower class theme. It fits into my dollar store thesis and I...
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Stocks To Watch For June 29
Wednesday, June 29, 2011 - 12:38am | 292Some of the stocks that may grab investor focus today are: Wall Street expects Monsanto Co (NYSE: MON) to report its Q3 EPS at $1.11 on revenue of $3.38 billion. MON shares rose 0.88% to $67.49 in the after-hours trading session. Dell Inc (NASDAQ: DELL) announced its plans to repurchase more than...
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ETFs To Watch June 29, 2011 (EMB, EWZ, PBJ, UCO)
Tuesday, June 28, 2011 - 7:35pm | 201Here is the ETF Professor's ETF Watch List for Wednesday June 29, 2011. Play earnings from General Mills (NYSE: GIS) with the PowerShares Dynamic Food & Beverage ETF (NYSE: PBJ) and the Global X Food ETF (NYSE: EATX). Play follow through on oil's bounce with the ProShares Ultra DJ-UBS Crude...
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Money Needs a Home 06-28-2011
Tuesday, June 28, 2011 - 6:32pm | 987Cusick's Corner While riots were going on in the streets of Athens, the market keep chugging along. Three of the four offensive sectors, XLI, XLK, XLY, were outperforming the major benchmark, S&P 500. The dollar, bonds and volatility all pulled back. There is now a lot of money that is in...
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Activist investor targets Kraft
Tuesday, June 28, 2011 - 6:18pm | 73The Trian Fund Management, headed by Nelson Peltz, bought 12.2 mil shares, valued at $423 mil, in the maker of Oscar Mayer meats and other foods. Peltz often buys big stakes and then pushes for changes. Peltz has spurred shake-ups at Heinz (HNZ), Wendy's/Arby's and Cadbury Schweppes. In Feb., he...
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McCormick
Tuesday, June 28, 2011 - 6:18pm | 24McCormick (MKC) , a maker of seasonings and sauces, will buy Kamis, a Poland-based seasoning company, for $291 mil to expand in Europe. It rose 0.8% to 50.78.
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Slow Economy Cannot Stop B&G's Growth
Tuesday, June 28, 2011 - 5:37pm | 77B&G Foods (BGS) proves that a company can satisfy a wide variety of tastes profitably -- in good times and bad. B&G owns and markets at least 20 separate brands of food that range from the grits-inspired Cream of Wheat breakfast offerings to Ortega taco shells and spices. One common thread...