- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
Time Warner Cable (NYSE:TWC) has made a first-round offer to acquire Cablevision Systems Corporation’s (NYSE:CVC) Optimum West business, say inside sources. The company, along with Charter Communications and Suddenlink Communications, are competing for a business that serves around 300,000 customers in Wyoming, Montana, Colorado and Utah. Two years ago, Cablevision bought Optimum West, formerly known as Bresnan Broadband Holdings for $1.37 billion.
Pinnacle Entertainment (NYSE:PNK) purchases all of the outstanding common shares of Ameristar Casinos for $26.50 per share in cash, for an aggregate value of $2.8 billion, including debt of $1.9 billion and cash on hand of $116 million as of September 30th. This transaction marks a premium of 45 percent over the average close of Ameristar common stock for the 90 days ended December 20th.
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now >>
On Friday, Groupon (NASDAQ:GRPN) reported that it has purchased CommerceInterface, a top supplier of web-based channel management tech that aids manufacturers, distributors and retailers in succeeding at managing their businesses and online selling. Financials of the transaction were not released.
The TJX Companies (NYSE:TJX) said Friday that it bought Sierra Trading Post, which is a Wyoming-based off-price Internet retailer, at a cash price of roughly $200 million. The buyer expects that this transaction will be slightly accretive to earnings beginning in fiscal 2014, but that it will not be material to its consolidated financial statements.
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.