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From the Blogosphere
Analyst initiations: ALD, ZIXI and SPLS
Filed under: Analyst reports, Staples Inc (SPLS), Analyst initiations MOST NOTEWORTHY: Allied Capital, ZIX Corp and Staples were today's noteworthy initiations: <> Oppenheimer believes Allied Capital's (NYSE:ALD) dividend is sustainable and that the equity portion of its portfolio will drive outsized returns once market conditions return to normalcy. Shares were initiated with a Perform rating. <>ThinkPanmure believes ZIX Corp (NASDAQ:ZIXI) has a large opportunity in e-prescribing encryption market, with a potential catalyst being the E-MEDS bill. The firm started shares with a Buy rating>>...
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Before the bell: SPLS, AIG, LDK, SIRI, KO, GOOG, AAPL
Filed under: Before the bell, Earnings reports, Analyst upgrades and downgrades, Deals, Google (GOOG), Apple Inc (AAPL), Coca-Cola (KO), XM Satellite Radio (XMSR), Sirius Satellite Radio (SIRI), Amer Intl Group (AIG), Staples Inc (SPLS) Before the bell: Futures lower after WMT earnings, ahead of data
Staples (NASDAQ: SPLS) stepped up its hostile campaign to acquire Dutch office supplies group Corporate Express (NYSE: CXP), lifting its offer to 8 euros ($12.43) a share, up from 7.25 euros previously and taking its bid directly to shareholders. CXP shares were 6% higher.
In its attempt to shore ...
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Notable Mergers and Acquisitions of the Day 4/16 (XRX/CXP, FITB/FCTR, BSX/CRYO)
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StreetInsider.com Notable Mergers and Acquisitions of the Day:<>Xerox Corporation (NYSE: XRX) and Corporate Express NV (NYSE: CXP) announced a definitive agreement for Xerox to acquire Veenman B.V., a subsidiary of Corporate Express, for approximately $68 million, essentially expanding Xerox’s reach into the small and mid-sized business market in the Netherlands.
Fed OKs Fifth Third Bancorp (Nasdaq: FITB) Acquiring First Charter Corp (Nasdaq: FCTR) - Dow Jones
<>Boston Scientific Corporation (NYSE: BSX) and CryoCor, Inc. (Nasdaq: CRYO) signed a definitive merger agreement, under which Bosto>>...
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