New Jersy to Boost Investment in Och-Ziff Capital (OZM) by $900M May 27, 2015 01:52PM

New Jersy will boost its investment in Och-Ziff Capital Management (NYSE: OZM) by $900 million to $2 billion, according to Bloomberg, citing New Jersey Division of Investment director Chris McDonough.

Post Holdings (POST) Provides Update on Avian Influenza, 35% of Supply Affected May 27, 2015 01:39PM

Post Holdings, Inc. (NYSE: POST), a consumer packaged goods holding company, today provided an update with respect to the recent avian influenza ("AI") outbreak affecting Post's egg business:

  • A third Company owned chicken flock in Nebraska has tested positive for AI. This brings the total affected supply to approximately 35% of the Company's volume commitments as determined prior to the recognition of force majeure.
  • As reported on May 14, 2015, Post management has... (continue reading...)

Geeknet (GKNT) Reports Unsolicited $20/Share Cash Offer May 27, 2015 01:36PM

Geeknet (NASDAQ: GKNT) today acknowledged the receipt of an unsolicited offer from a strategic buyer (the "Bidder") to acquire all of the outstanding common stock of the Company for $20.00 per share in cash.

As previously announced, the Company entered into an Agreement and Plan of Merger dated as of May 25, 2015, with Hot Topic Inc. ("Hot Topic") (the "Merger Agreement") pursuant to which Hot Topic agreed to acquire all of the outstanding common stock of the Company for... (continue reading...)

Darden (DRI) Price Target Raised to $80 at KeyBanc on Value Creation from Potential Spin-Off May 27, 2015 11:24AM

KeyBanc maintained an Overweight rating on Darden Restaurants (NYSE: DRI) and raised its price target to $80.00 (from $70.00). Analyst Christopher O'Cull thinks a spin-off of real estate assets is probable and will create value.

"Since the board of directors was reconstituted in October 2014, the Company has made evaluating options for its real estate portfolio a priority; therefore, we believe there is a high probability that Darden could announce plans to separate its... (continue reading...)

Unwired Planet (UPIP) Drops Claims Against Apple (AAPL) May 27, 2015 11:14AM

Unwired Planet, Inc. (NASDAQ: UPIP) disclosed the following on its company blog Wednesday:

This is an update to our pending case against Apple in the Northern District of California.

Yesterday afternoon Judge Chhabria granted Apple’s motion for summary judgment of non-infringement on 3 out of 4 patents (the ‘446 patent, the ‘831 patent and the ‘260 patent). We are currently reviewing the Judge’s orders and exploring all options available to us, including... (continue reading...)

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