Shares of KeyW Holding Corp. KEYW, +0.13% shot up 42% to pace all premarket gainers Monday, after the engineering and technology company announced a deal to be acquired by Jacobs Engineering Group Inc. JEC, +0.21% in a deal valued at $815 million, including $272 million in debt. jacobs' stock was still inactive. Under terms of the deal, Jacobs will pay $11.
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Irwin Jacobs, Dubbed ‘Irv the Liquidator,’ Made His Name as a Corporate Raider in the 1980sMinneapolis investor Irwin Jacobs, often called “Irv the Liquidator,” made his national reputation in the 1980s as a corporate raider by buying stakes in companies including Walt Disney and RCA and selling them for a quick profit. You wrote an endearing obituary about a guy who eliminated thousands of jobs for his own personal profit and killed himself and his wife in a murder-suicide. Are you kidding me with this puff piece nonsense? “Stayed true to his working class roots”? Jacobs career was defined by greed, asset stripping and reckless disregard for the lives of the actual workers at the companies he raided and no folksy anecdotes can erase that legacy Very neat guy....very sad end. Rip
Source: WSJ - 🏆 98. / 63 Read more »
Dow transports soar to buck broader stock market slump, led by CSX and United ContinentalThe Dow Jones Transportation Average soared 120 points, or 1.1%, in midday trade, as better-than-expected earnings reports helped the transportation sector...
Source: MarketWatch - 🏆 3. / 97 Read more »
Pinterest and Zoom IPOs: The stocks soar as they start tradingPinterest Inc.’s widely anticipated initial public offering drew a warm reception from investors Thursday. Shares of another technology IPO, Zoom Video Communications Inc., fared even better.
Source: latimes - 🏆 11. / 82 Read more »
Pot stocks are soaring and the cannabis industry is poised for 'tons of growth'April 20 has become the unofficial holiday for marijuana users. So now's a good time to look at the red hot sector. Cannabis stocks are soaring as the business goes legit. Who knew that pot would cause both stocks and people to be high. We help close first thing to don’t meet the app page Weed grows like weeds
Source: CNN - 🏆 4. / 95 Read more »
Electronics for Imaging to be bought for a 26% premium, in a $1.7 billion dealShares of Electronics for Imaging Inc. soared 26% toward an 18-month high in premarket trade Monday, after the digital imaging company announced a deal to be acquired in a cash deal valued at $1.7 billion by private equity firm Siris Capital Group LLC. Under terms of the deal, Siris will pay $37 for each Electronics for Imaging shares outstanding, which is 26% above Friday's closing price of $29.40. Electronics for Imaging said there will be a "go-shop" period over the next 45 calendar days. "We believe this transaction delivers superior and immediate value to our shareholders while providing us with a partner that can add strategic and operational expertise to our business," said Electronics for Imaging Chief Executive Bill Muir. The stock has gained 4.8% over the past 12 months, while the Nasdaq Composite has climbed 12.4% and the S&P 500 has advanced 8.4%.
Source: MarketWatch - 🏆 3. / 97 Read more »