Jefferies Remains Sidelined on EarthLink Holdings (ELNK) Ahead of WIN Merger

UBS Raises Price Target on Windstream (WIN) to $6.50

November 8, 2016 9:04 AM EST

UBS reiterated a Sell rating on Windstream (NASDAQ: WIN), and raised the price target to $6.50 (from $5.00), ahead of deal with ELNK. UBS estimates new WIN can generate ~$6.2B in revenues and $2.1B in EBITDA in 2017, falling LSD.

Analyst Batya Levi commented, "The agreed ELNK... More

Drexel Hamilton Downgrades Earthlink (ELNK) to Hold

November 8, 2016 8:30 AM EST

Drexel Hamilton downgraded Earthlink (NASDAQ: ELNK) from Buy to Hold.

For an analyst ratings summary and ratings history on Earthlink click here. For more ratings news on Earthlink click here.

Shares of Earthlink closed at $5.60 yesterday.

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Cowen Upgrades Windstream (WIN) to Outperform

November 8, 2016 8:05 AM EST

Cowen upgraded Windstream (NASDAQ: WIN) from Market Perform to Outperform.

For an analyst ratings summary and ratings history on Windstream click here. For more ratings news on Windstream click here.

Shares of Windstream closed at $7.23 yesterday.

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Windstream (WIN) Ratings, Outlook Affirmed by Moody's Amid EarthLink (ELNK) Merger

November 7, 2016 3:44 PM EST

Moody's Investors Service, ("Moody's") said that Windstream Services, LLC ("Windstream") announcement of a definitive agreement to purchase EarthLink Holdings Corp. ("EarthLink") will not immediately impact the ratings of either company. Windstream (B1 stable) plans to acquire EarthLink (B2 stable) in an all-stock merger valued at approximately $1.1 billion, including EarthLink's existing debt. At transaction close, Windstream plans to repay all of EarthLink's existing debt, at which time Moody's would withdraw all of EarthLink's ratings.

Windstream expects to achieve $110 million in operating expense savings over a three year period following deal close. The cost savings will boost Windstream's free cash... More

Notable Mergers and Acquisitions 11/7: (WIN)/(ELNK) (NILE) (UPS) (NSIT)/(DTLK)

November 7, 2016 9:54 AM EST

*** Windstream Holdings, Inc. (Nasdaq: WIN) and EarthLink Holdings Corp. (Nasdaq: ELNK) announced that their boards of directors have unanimously approved a definitive merger agreement under which Windstream and EarthLink will merge in an all-stock transaction valued at approximately $1.1 billion, including debt.

Under the terms of the agreement, EarthLink shareholders will receive 0.818 shares of Windstream common stock for each EarthLink share owned. This ratio represents a 13 percent premium to the average exchange ratio of 0.721x over the month ended Nov. 3, 2016, the most recent unaffected trading day. Windstream... More

Pre-Open Stock Movers 11/07: (NILE) (N) (CEMP) (IONS) Higher; (CXRX) (PLUG) (LB) Lower (more...)

November 7, 2016 9:20 AM EST

Pre-Open Stock Movers

Blue Nile (Nasdaq: NILE) 32.4% HIGHER; announced that it has entered into a definitive agreement to be acquired by an Investor Group comprised of funds managed by Bain Capital Private Equity and Bow Street LLC (collectively the Investor Group). The terms of the all-cash deal provide substantial value to Blue Niles stockholders. The Investor Group will acquire 100 percent of the outstanding shares of Blue Nile common stock for approximately $500 million. Blue Nile stockholders will receive $40.75 in cash per share, representing a premium of approximately 34 percent over Blue Niles closing price... More

EarthLink Holdings (ELNK) Misses Q3 EPS by 9c

November 7, 2016 7:05 AM EST

EarthLink Holdings (NASDAQ: ELNK) reported Q3 EPS of ($0.10), $0.09 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $235.1 million versus the consensus estimate of $232.44 million.

Adjusted EBITDA (a non-GAAP measure, see definition in Non-GAAP Measures below) was $50.5 million in the third... More

Windstream (WIN) Posts Q3 GAAP Loss of 72c/Share

November 7, 2016 7:04 AM EST

Windstream (NASDAQ: WIN) reported Q3 GAAP EPS of ($0.72), $0.25 worse than the analyst estimate of ($0.47). Revenue for the quarter came in at $1.34 billion versus the consensus estimate of $1.35 billion.

Adjusted OIBDA was $301.4 million, from $378.0 million in the same period last year.

For earnings... More

Windstream (WIN), EarthLink (ELNK) Enter $1.1B Merger Agreement

November 7, 2016 7:01 AM EST

Windstream Holdings, Inc. (Nasdaq: WIN) and EarthLink Holdings Corp. (Nasdaq: ELNK) announced that their boards of directors have unanimously approved a definitive merger agreement under which Windstream and EarthLink will merge in an all-stock transaction valued at approximately $1.1 billion, including debt.

Under the terms of the agreement, EarthLink shareholders will receive 0.818 shares of Windstream common stock for each EarthLink share owned. This ratio represents a 13 percent premium to the average exchange ratio of 0.721x over the month ended Nov. 3, 2016, the most recent unaffected trading day. Windstream expects to issue... More

Windstream (WIN), EarthLink (ELNK) trading halted with news pending

November 7, 2016 7:00 AM EST

EarthLink Holdings (NASDAQ: ELNK), Windstream (NASDAQ: WIN) trading halted with news pending.

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EarthLink Holdings (ELNK) and Windstream (WIN) Halted, News Pending

November 7, 2016 7:00 AM EST

EarthLink Holdings (Nasdaq: ELNK) and Windstream (Nasdaq: WIN) Halted, News Pending

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Trading Radar for 11/7: MGM Resorts (MGM), LendingClub (LC), Dean Foods (DF), Ferrari (RACE), Sysco (SYY) Report

November 4, 2016 3:49 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Earnings:

ARIAD Pharma (Nasdaq: ARIA) - consensus loss $0.19
Altisource Residential (Nasdaq: RESI) - consensus loss $0.48
Amicus Therapeutics (Nasdaq: FOLD) - consensus loss $0.34
ArQule (Nasdaq: ARQL) - consensus loss $0.09
Aralez Pharma (Nasdaq: ARLZ) - consensus loss $0.37
Ardelyx (Nasdaq: ARDX) -... More

Windstream (WIN) Declares $0.15 Quarterly Dividend; 8.8% Yield

November 4, 2016 9:26 AM EDT

Windstream (NASDAQ: WIN) declared a quarterly dividend of $0.15 per share, or $0.6 annualized.

The dividend will be payable on January 17, 2017, to stockholders of record on December 30, 2016, with an ex-dividend date of December 28, 2016.

The annual yield on the dividend is 8.8 percent.

For a... More

EarthLink Holdings (ELNK) Gains on Reports Windstream (WIN) in Talks to Acquire the Company

November 4, 2016 9:25 AM EDT

EarthLink Holdings (NASDAQ: ELNK) is gaining 8.9% in early trading Friday following reports from Reuters the company is in talks to be acquired by Windstream Holdings (NYSE WIN) in an all-stock deal.

A deal could be announced as early as next week, according to the people familiar with the matter.

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Exclusive: EarthLink, a 90s Internet star, in talks to merge with Windstream - sources

November 4, 2016 1:04 AM EDT

By Liana B. Baker

SAN FRANCISCO (Reuters) - Telecommunications firms Windstream Holdings Inc and EarthLink Holdings Corp are in talks to merge in an all-stock deal that would allow them to better compete against rivals, people familiar with the matter said.

The transaction, which would result in Windstream owning slightly more than half of the combined company, could be announced as early as next week, according to the people, who asked not to be identified because the discussions were private.

While the companies are in advanced discussions, no deal is final and talks could... More