Mizuho Securities Remains Neutral on American Eagle Outfitters (AEO) Following Todd Snyder Acquisition Announcement

Notable Mergers and Acquisitions 11/3: (ATVI)/(KING) (ZTS) (AEO) (BLK)/(BAC)

* Activision Blizzard, Inc. (Nasdaq: ATVI) and King Digital Entertainment plc (NYSE: KING) today announced the signing of a definitive agreement under which ABS Partners C.V. (ABS Partners), a wholly owned subsidiary of Activision Blizzard, will acquire all of the outstanding shares of King for $18.00 in cash per share, for a total equity value of $5.9 billion. The $18.00 per share purchase price implies a 20% premium over Kings 30 October 2015 closing price, a 26% premium over Kings 30 October 2015 enterprise value (which excludes net cash), a 23% premium over Kings... More

Pre-Open Stock Movers 11/03: (SALE) (KING) (AEO) Higher; (QLYS) (S) (FIT) Lower (more...)

RetailMeNot (NASDAQ: SALE) 21.3% HIGHER; reported Q3 EPS of $0.12, $0.08 better than the analyst estimate of $0.04. Revenue for the quarter came in at $52.4 million versus the consensus estimate of $48.71 million. RetailMeNot sees FY2015 revenue of $240-242 million, versus the consensus of $236.47... More

American Eagle Outfitters (AEO) Acquires Tailgate Clothing Company, Boosts Q3 Outlook

American Eagle Outfitters (NYSE: AEO) announced the acquisition of Tailgate Clothing Company, which owns and operates Tailgate, a vintage, sports-inspired apparel brand with a college town store concept, and Todd Snyder New York, a premium menswear brand. Founder and Creative Director, Todd Snyder joins as Executive Vice President, reporting to Chad Kessler, Global Brand President, American Eagle Outfitters. Jimmy Olsson joins as Vice President and will continue to lead the day-to-day operations of Tailgate and Todd Snyder New York. The purchase price was approximately $11 million paid in cash and stock.

We... More