Goldman Sachs Expects More M&A in Prepaid Space, NetSpend (NTSP) Raised to Neutral
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Notable Mergers and Acquisitions of the Day 02/20: (ODP)/(OMX) (TSS)/(NTSP) (DMD) (SCBT)/(FFCH)
February 20, 2013 10:16 AM EST* OfficeMax Incorporated (NYSE: OMX) and Office Depot, Inc. (NYSE: ODP) announced the signing of a definitive merger agreement under which the companies would combine in an all-stock merger of equals transaction intended to qualify as a tax-free reorganization. The transaction, which was unanimously approved by the Board of Directors of both companies, will create a stronger, more efficient global provider better able to compete in the rapidly changing office solutions industry. Customers will benefit from enhanced offerings across multiple distribution channels and geographies. The combined company, which would... More
Sterne Agee Downgrades NetSpend (NTSP) to Neutral
February 20, 2013 7:26 AM ESTSterne Agee downgraded NetSpend (NASDAQ: NTSP) from Buy to Neutral with a price target of $16.00 (from $15.00).
For an analyst ratings summary and ratings history on NetSpend click here. For more ratings news on NetSpend click here.
Shares of NetSpend closed at $12.29 yesterday, with a 52 week range of $6.41-$12.95.... More
Credit Suisse Downgrades NetSpend (NTSP) to Neutral
February 20, 2013 7:24 AM ESTCredit Suisse downgraded NetSpend (NASDAQ: NTSP) from Outperform to Neutral.
For an analyst ratings summary and ratings history on NetSpend click here. For more ratings news on NetSpend click here.
Shares of NetSpend closed at $12.29 yesterday, with a 52 week range of $6.41-$12.95.... More
TSYS (TSS) to Acquire NetSpend (NTSP) in $1.4B Deal
February 19, 2013 4:14 PM ESTTSYS (NYSE: TSS), a leading global payment solutions provider, and NetSpend (NASDAQ: NTSP), a leading provider of general purpose reloadable (GPR) prepaid debit cards and related financial services to underbanked consumers in the United States, today announced that they have entered into a definitive agreement pursuant to which TSYS will acquire NetSpend in... More
Netspend Holdings (NTSP) trading halted with news pending
February 19, 2013 4:12 PM ESTNetspend Holdings (NASDAQ: NTSP) trading halted with news pending.... More
