Pinnacle Foods Inc. (NYSE: PF) and Conagra Brands, Inc. (NYSE: CAG) shares were relatively muted on Monday despite making another pivotal step to closing their tie-up.
Essentially, the firms received a “no-action letter” from the Canadian Competition Bureau confirming that the Commissioner of Competition does not intend to challenge Conagra Brands’ acquisition of Pinnacle Foods.
The receipt of the “no-action letter” satisfies one of the conditions necessary for completion of this transaction. The transaction is expected to close by the end of calendar year 2018 and is subject to other customary closing conditions.
The deal was announced back in June 2018, in which Conagra Brands will acquire all outstanding shares of Pinnacle Foods in a cash and stock transaction valued at approximately $10.9 billion, including Pinnacle Foods’ outstanding net debt.
Under the terms of the transaction, Pinnacle Foods shareholders will receive $43.11 per share in cash and 0.6494 shares of Conagra Brands common stock for each share of Pinnacle Foods held. The implied price of $68.00 per Pinnacle Foods share is based on the volume-weighted average price of Conagra Brands’ stock for the five days ended June 21, 2018.
Top 5 Financial Stocks To Watch Right Now: Brighthouse Financial, Inc.(BHF)
Brighthouse Financial, Inc. provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment offers variable, fixed, index-linked, and income annuities for contract holders' needs for protected wealth accumulation on a tax-deferred basis, wealth transfer, and income security. The Life segment provides term, universal, whole, and variable life policies for policyholders' needs for financial security and protected wealth transfer. The Run-off segment manages structured settlements, pension risk transfer contracts, certain company-owned life insurance policies, funding agreements, and universal life with secondary guarantees. The company was founded in 2016 and is headquartered in Charlotte, North Carolina.
Advisors' Opinion:- [By Logan Wallace]
Brighthouse Financial (NASDAQ:BHF) and SONY FINL HOLDI/ADR (OTCMKTS:SNYFY) are both mid-cap finance companies, but which is the superior stock? We will compare the two companies based on the strength of their valuation, profitability, dividends, analyst recommendations, institutional ownership, earnings and risk.
- [By Chris Lange]
The S&P 500 stock posting the largest daily percentage gain in the S&P 500 ahead of the close was Brighthouse Financial, Inc. (NASDAQ: BHF) which rose by about 14% to $40.68. The stock's 52-week range is $28.52 to $59.01. Volume was about 3.4 million compared to the daily average volume of 1.4 million.
- [By Motley Fool Transcribing]
Brighthouse Financial, Inc. (NASDAQ:BHF) Q4 2018 Earnings Conference CallFeb. 12, 2019 8:00 a.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:Operator
Top 5 Financial Stocks To Watch Right Now: Stewart Information Services Corporation(STC)
Stewart Information Services Corporation provides title insurance and related information services required for settlement by the real estate and mortgage industries. It operates in two segments, Title Insurance-Related Services and Real Estate Information. The Title Insurance-Related Services segment offers services that include searching for and examining documents, such as deeds, mortgages, wills, divorce decrees, court judgments, liens, paving assessments, and tax records, as well as provides titles insurance for residential and commercial properties, undeveloped acreage, farms, ranches, and water rights. This segment serves attorneys, builders, developers, home buyers and home sellers, lenders, and real estate brokers. The Real Estate Information segment offers products and services, which primarily include lender services, title technology, foreign and domestic government services, mapping, title information, Internal Revenue Code Section 1031 tax-deferred property e xchanges, pre-employment services, and online filing and transaction management. Its customers include mortgage lenders and servicers, mortgage brokers, mortgage investors, government entities, commercial and residential real estate agents, land developers, builders, title insurance agencies, and others interested in obtaining property information, as well as accountants, attorneys, investors, and employers. The company has operations primarily in the United States, Canada, the United Kingdom, central Europe, Mexico, central America, and Australia. Stewart Information Services Corporation was founded in 1893 and is based in Houston, Texas.
Advisors' Opinion:- [By Max Byerly]
COPYRIGHT VIOLATION WARNING: “Stewart Information Services Corp (STC) Plans $0.30 Quarterly Dividend” was published by Ticker Report and is owned by of Ticker Report. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international copyright & trademark laws. The original version of this piece can be read at https://www.tickerreport.com/banking-finance/4196940/stewart-information-services-corp-stc-plans-0-30-quarterly-dividend.html.
- [By Joseph Griffin]
Bailard Inc. reduced its stake in shares of Stewart Information Services Corp (NYSE:STC) by 14.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,100 shares of the insurance provider’s stock after selling 1,400 shares during the period. Bailard Inc.’s holdings in Stewart Information Services were worth $335,000 as of its most recent SEC filing.
Top 5 Financial Stocks To Watch Right Now: Univest Corporation of Pennsylvania(UVSP)
Univest Corporation of Pennsylvania, through its subsidiaries, provides various financial solutions, including personal and business banking, online banking, residential mortgages, insurance products, and investment and wealth advisory solutions. It serves the financial needs of residents, businesses, and nonprofit organizations in Bucks, Chester, Montgomery, and Lehigh counties, Pennsylvania. The company accepts various deposit products that include non interest-bearing demand deposits, interest-bearing checking deposits, money market savings accounts, regular savings accounts, and time deposits. Its loan and lease portfolio comprises commercial, financial, and agricultural loans and leases; commercial and construction loans; residential loans; loans to individuals; and municipal loans and leases. Univest Corporation also offers lease financing, financial planning, investment management, insurance products, and brokerage services; and provides investment advisory services , which include discretionary investment consulting and management services, as well as engages in small ticket commercial finance business. It provides its services through 32 financial service centers, 12 retirement financial services centers, and 39 ATM locations. The company was founded in 1973 and is headquartered in Souderton, Pennsylvania.
Advisors' Opinion:- [By Logan Wallace]
TRADEMARK VIOLATION NOTICE: “Univest Financial Corp (UVSP) Shares Bought by Vanguard Group Inc.” was posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://www.tickerreport.com/banking-finance/4146556/univest-financial-corp-uvsp-shares-bought-by-vanguard-group-inc.html.
- [By Stephan Byrd]
BidaskClub upgraded shares of Univest Co. of Pennsylvania (NASDAQ:UVSP) from a strong sell rating to a sell rating in a research note released on Saturday.
- [By Stephan Byrd]
Get a free copy of the Zacks research report on Univest Co. of Pennsylvania (UVSP)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 5 Financial Stocks To Watch Right Now: KKR(KKR)
Kohlberg Kravis Roberts & Co. is a private equity and venture capital firm specializing in acquisitions, leveraged buyouts, management buyouts, and mezzanine investments in large cap companies. The firm will consider investments in all industries globally, with a focus on financial services, infrastructure, and renewable energy. It seeks a board seat in its portfolio companies. The firm holds a controlling interest in its portfolio companies after they go public. It typically holds its investment for a period of five years and more and exits through initial public offerings, secondary offerings, and sales to strategic buyers. Kohlberg Kravis Roberts & Co. was founded in 1976 and is based at New York, New York with additional offices across United States, Europe, Australia, and Asia.
Advisors' Opinion:- [By Tim Melvin]
The heads of leading private-equity real estate investors including KKR & Co Inc. (NYSE: KKR) and BlackRock Inc. (NYSE: BLK) will be there.
Also there will be the analysts and investment bankers that cover real estate for the major firms including Goldman Sachs Group Inc. (NYSE: GS), JPMorgan Chase & Co. (NYSE: JPM), Citigroup Inc. (NYSE: C) and Bank of America Corp. (NYSE: BAC).
- [By Ethan Ryder]
KKR & Co Inc (NYSE:KKR) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 13,549,086 shares, an increase of 30.6% from the February 15th total of 10,378,172 shares. Approximately 2.7% of the company’s shares are sold short. Based on an average daily trading volume, of 7,191,365 shares, the short-interest ratio is presently 1.9 days.
- [By Matthew DiLallo]
Where things get creative is in how NextEra Energy Partners will finance this acquisition. Instead of selling stock and diluting existing investors, the company entered into a convertible equity funding agreement with private equity giant KKR (NYSE:KKR). As part of the deal, NextEra Energy Partners will combine the acquired assets with four other existing wind facilities into a new portfolio. KKR will pay $900 million for an equity interest in the expanded portfolio that NextEra Energy Partners can buy out over time at a fixed rate of return.
Top 5 Financial Stocks To Watch Right Now: QCR Holdings Inc.(QCRH)
QCR Holdings, Inc., through its subsidiaries, provides commercial and consumer banking, and trust and asset management services for the Quad City, Cedar Rapids, and Rockford communities. The company accepts deposits and invests in loans/leases and securities. Its deposit products comprise interest bearing deposits, non-interest bearing and interest bearing demand deposits, savings deposits, time deposits, and brokered time deposits. The company also offers a range of commercial and retail lending and investment services to corporations, partnerships, individuals, and government agencies. Its loan portfolio comprises commercial loans, including loans to wholesalers, manufacturers, building contractors, business services companies, other banks, and retailers; business loans, which include lines of credit for working capital and operational purposes; term loans for the acquisition of facilities, equipment, and other purposes; commercial real estate loans; and consumer loans c omprising motor vehicle, home improvement, home equity, and signature loans, as well as small personal credit lines. In addition, the company engages in the direct financing lease contracts; holding the real estate property; and issuing various trust preferred securities. QCR Holdings was founded in 1993 and is headquartered in Moline, Illinois.
Advisors' Opinion:- [By Stephan Byrd]
Get a free copy of the Zacks research report on QCR (QCRH)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Max Byerly]
Get a free copy of the Zacks research report on QCR (QCRH)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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