Deutsche Bank Downgrades Distribucion y Servicio S.A. (DYS) to Sell
More News related to DYS
- Say Goodbye to the Blade
- Thought You Knew What a Handheld Could Do? Think Again
- Life-Saving Alternative to the Smoke Alarm Wins the 2009 James Dyson Award
- Deutsche Bank Downgrades Distribucion y Servicio S.A. (DYS) to Sell
- Deutsche Bank Upgrades Distribucion y Servicio (DYS) to Hold
More News related to WMT
- West Mountain Capital Corp. Announces Q3 Results
- FBR Capital Raises Estimates on RadioShack (RSH)
- From Turkeys to Televisions, Walmart Announces New Savings on Thanksgiving Meal Favorites and Electronics
- Walmart and DreamWorks Animation Offer Exclusive Merry Madagascar DVD and Holiday Items in Walmart Stores
- Walmart Foundation Kicks-Off $32 Million Holiday Giving Campaign With Historic Hunger Relief Effort
More News related to Downgrades
- Morgan Stanley Upgrades CHU to Overweight, Downgrades CHL, CHA to Equal Weight
- Goldman Sachs Upgraded Questar Corp. (STR) to Buy
- Avondale Securities Upgrades J.B. Hunt Transport (JBHT) to Outperform
- BMO Capital Upgrades Suncor Energy (SU) to Outperform
- MF Global Upgrades ArcelorMittal (MT) to Buy
Deutsche Bank downgrades Distribucion y Servicio S.A. (NYSE: DYS) from Hold to Sell.
The firm said, "DYS announced on Dec 19th it received an offer from Wal-Mart Stores (NYSE: WMT) to acquire up to 100% of the company for US$24.5 per ADR (P$259 per local share) in a public offering to take place within the next 10 days. The controllers (Ibañez family) agreed initially to sell 23.4% of the total shares (the controllers own 64% of DYS). Given that the stock trades (after this announcement) at 30% premium to our target price, we are reducing our recommendation to Sell from Hold."
Distribución y Servicio D&S S.A. operates supermarkets in Chile.
Related Categories
DowngradesStocks Mentioned
+0.00Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
