Target (TGT) Enters Purchase Agreement with CVS Health; Piper Jaffray Reiterates Overweight

Market Wrap: Homebuilders More Confident in June; Greenberg Gets Moral Victory in AIG Case; Mergers Aplenty

Market wrap for June 15th

End of the Day: S&P 500 down 9.7 to 2,084.43; Dow Jones down 107.7 to 17,791.17; Nasdaq down 21.1 to 5,029.97

Market Brief: U.S. markets closed lower Monday as talks between Greece and European creditors continued to make little headway.

There was some good M&A activity announced Monday, with CVS moving to acquire Target's pharmacy and clinical units, while United Tech affirmed plans to explore options for its Sikorsky unit.

The NAHB index came in ahead of expectations as all components... More

Streetinsider.com's Hot Lunchtime Reads 6/15: (CI) (AAPL) (AIG) (TGT) (TKMR) (MU)

The following is a list of notable articles to help get you through the lunch hour:Anthem (ANTM), Cigna Corp. (CI) Pop Higher on Deal Chatter ->... More

Notable Mergers and Acquisitions 6/15: (CVS)/(TGT) (NKA) (RYL)/(SPF) (TRAK) (DSKY)

* CVS Health Corporation (NYSE: CVS) and Target Corporation (NYSE: TGT) announced that they have entered into a definitive agreement for CVS Health to acquire Target's pharmacy and clinic businesses for approximately $1.9 billion. Through this agreement, CVS Health will acquire Target's more than 1,660 pharmacies across 47 states and operate them through a store-within-a-store format, branded as CVS/pharmacy. In addition, a CVS/pharmacy will be included in all new Target stores that offer pharmacy services. Target's nearly 80 clinic locations will be rebranded as MinuteClinic,... More

Pre-Open Stock Movers 06/15: (NKS) (TRAK) (RDHL) Higher; (DSKY) (MU) (SNDK) Lower (more...)

Niska Gas Storage Partners LLC (NYSE: NKA) 201.5% HIGHER; announced today that it and its managing member, Niska Gas Storage Management LLC, have entered into a definitive agreement to be acquired by Brookfield Infrastructure (NYSE: BIP) and its institutional partners. Under the terms of the acquisition agreement, Brookfield will acquire all of Niska`s outstanding common units for $4.225 per common unit in cash and will acquire the managing member and the incentive distribution rights in Niska.

Dealertrack Technologies, Inc. (Nasdaq:... More

CVS Health (CVS) to Acquire Target's (TGT) Pharmacy, Clinic Business in ~$1.9B Deal

CVS Health Corporation (NYSE: CVS) and Target Corporation (NYSE: TGT) announced that they have entered into a definitive agreement for CVS Health to acquire Target's pharmacy and clinic businesses for approximately $1.9 billion. Through this agreement, CVS Health will acquire Target's more than 1,660 pharmacies across 47 states and operate them through a store-within-a-store format, branded as CVS/pharmacy. In addition, a CVS/pharmacy will be included in all new Target stores that offer pharmacy services. Target's nearly 80 clinic locations will be rebranded as MinuteClinic, and CVS Health... More

Target (TGT) Updates on Annual Meeting Election Results; Proposal for Independent Chairman Rejected

Target (NYSE: TGT) announced voting results from its 2015 Annual Meeting of Shareholders. Shareholders elected 10 members of the board of directors, ratified the appointment of Targets independent registered public accounting firm, approved the Say on Pay management proposal, approved the Amended and Restated Target Corporation 2011 Long-Term Incentive Plan and rejected two shareholder proposals.

The... More