Piper Jaffray Cuts Price Target on McGraw Hill Financial (MHFI) to $114 Following 2Q EPS Beat
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Market Wrap: Chinese Stock Pressure Hits U.S. Markets; Durable Orders Outpace in June; Merger Monday
July 27, 2015 5:22 PM EDTMarket wrap for July 27th
End of the Day: S&P 500 down 12.0 to 2,067.64; Dow Jones down 127.9 to 17,440.59; Nasdaq down 48.9 to 5,039.78
Market Brief: U.S. markets were pressured Monday following a sell-off in Shanghai amid concerns the government would ease measures to support the market.
Teva moved to acquire Allergan for about $40.5 billion. Plenty of other M&A activity ruled early headlines.
Best Buy plans to sell the Apple watch, which added a little pressure to... More
McGraw Hill Financial (MHFI) PT Trimmed to $111 at FBR Capital on 'Pricey' Acqusition
July 27, 2015 3:50 PM EDTFBR Capital analyst William Bird trimmed his price target on Outperform-rated McGraw Hill Financial (NYSE: MHFI) to $111.00 (from $115.00), saying the "pricey" deal for SNL Financial upstaged a solid quarter.
Bird commented, "The shares of MHFI have sold off sharply on the pricey... More
Notable Mergers and Acquisitions 7/27: (TEVA)/(AGN) (WAB) (BECN) (SNY) (XUE)
July 27, 2015 9:58 AM EDT* Teva Pharma (NYSE: TEVA) announced that it has signed a definitive agreement with Allergan plc (NYSE: AGN) to acquire Allergan Generics in a transaction valued at $40.5 billion. Upon closing, Allergan will receive $33.75 billion in cash and shares of Teva valued today at $6.75 billion, representing an estimated under 10% ownership stake in Teva, with the number of Teva shares determined based on Tevas volume weighted average trading prices during the 15 days prior to the announcement and five days following the announcement. Teva believes the acquisition will be significantly... More
McGraw Hill Financial (MHFI) Tops Q2 EPS by 14c
July 27, 2015 7:33 AM EDTMcGraw Hill Financial (NYSE: MHFI) reported Q2 EPS of $1.28, $0.14 better than the analyst estimate of $1.14. Revenue for the quarter came in at $1.34 billion versus the consensus estimate of $1.36 billion.
For earnings history and earnings-related data on McGraw Hill Financial (MHFI) click here.
... MoreMcGraw Hill Financial (MHFI) to Acquire SNL Financial in ~$2.23B Deal
July 27, 2015 7:32 AM EDTMcGraw Hill Financial (NYSE: MHFI) announced that it has signed a definitive agreement to acquire SNL Financial for approximately $2.225 billion in cash. The economic impact to McGraw Hill Financial will be partially offset by tax benefits with an estimated present value of approximately $550 million resulting from the transaction. SNL is privately held by an affiliate of New Mountain Capital LLC and current and former members of SNL management.
SNL's deep product experience and rich sets of data, analytics and research in areas such as real estate and media strongly complement... More
