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EY Strategic Growth Conference
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The Ernst & Young Strategic Growth Forum is a gathering of high-growth, market-leading companies. This basket of stocks tracks the companies represented at the 2016 Forum.
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- Simply Wall St.
Calculating The Fair Value Of Armstrong World Industries, Inc. (NYSE:AWI)
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Armstrong World...
- Simply Wall St.
Is Sabre (NASDAQ:SABR) A Risky Investment?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
- American City Business Journals
U.S. is preparing to sue to block Sabre’s planned acquisition, report says
Sabre may be heading to court over its proposed deal to buy Farelogix after all. The U.S. Justice Department is preparing to sue to block Sabre Corp.’s (Nasdaq: SABR) proposed acquisition of Farelogix over concerns the deal will harm competition, Bloomberg reported Friday, citing a person familiar with the matter. The move would follow Sabre’s decision to inform the DOJ was planning to wrap the acquisition Aug. 21.
- Bloomberg
DOJ Poised to Sue to Block Sabre’s Deal for Farelogix
(Bloomberg) -- The U.S. Justice Department is preparing to sue to block travel technology company Sabre Corp.’s proposed acquisition of Farelogix Inc. over concerns the deal will harm competition, according to a person familiar with the matter.The department’s antitrust division is set to file a lawsuit as soon as Monday, said the person. Sabre announced plans Wednesday to close the deal next week.Sabre agreed to buy Farelogix in November for $360 million. Both companies provide information technology systems that enable airlines to sell tickets.The Justice Department challenge would follow concerns raised by the U.K.’s antitrust regulator on Friday. The Competition and Markets Authority said its initial investigation of the takeover found Farelogix is a competitive threat to Sabre because it relies on a disruptive business model and has brought innovation to the market even though it’s smaller.“Should the deal go ahead as planned, the CMA is concerned that Sabre would not face enough competition from other suppliers, leading to higher prices or lower quality services, as well as reduced innovation in the industry generally,” the regulator said.U.S. antitrust officials are under pressure to get tougher on acquisitions of startups by large technology companies. Advocates of stricter enforcement say the deals have allowed tech firms to solidify their dominance by eliminating rivals.Sabre declined to comment and pointed to the company’s previous commitment to offer Farelogix products at the same or lower prices and to continue to invest in its technology. The Justice Department didn’t respond to a request for comment.Sabre, based in Southlake, Texas, said Wednesday that it would close the deal on Aug. 21. The company said it was extending the merger’s termination date to April 30 to allow time for any Justice Department lawsuit to be resolved.“Over the past nine months, we believe we have done all we can to address the DOJ’s concerns,” Sabre Chief Executive Officer Sean Menke said in a statement. “While we hope the DOJ will ultimately recognize that this transaction is pro-competitive, we are prepared to vigorously defend the deal in court if necessary.”To contact the reporter on this story: David McLaughlin in Washington at dmclaughlin9@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, Gregory MottFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
CommScope Gets Favorable Ruling in Dali Wireless Patent Case
Per CommScope (COMM), its investment to develop more efficient solutions in the field of digital distributed antenna systems goes back many years.
- Simply Wall St.
Read This Before Considering Extended Stay America, Inc. (NASDAQ:STAY) For Its Upcoming 1.6% Dividend
It looks like Extended Stay America, Inc. (NASDAQ:STAY) is about to go ex-dividend in the next 3 days. Investors can...
- Thomson Reuters StreetEvents
Edited Transcript of LNG earnings conference call or presentation 8-Aug-19 3:00pm GMT
Q2 2019 Cheniere Energy Inc Earnings Call
- Oilprice.com
LNG Traders Look To Make Huge Profits Using ‘Idle Tankers’
LNG traders have started to use LNG tankers as floating storage units in order to cash in on higher prices this winter
- Benzinga
Q2 13F Roundup: How Buffett, Einhorn, Ackman And Others Adjusted Their Portfolios
The latest round of 13F filings from institutional investors were out this week, revealing to the world the stocks that some of the richest and most successful investors have been buying and selling. Takeaways ...
- GuruFocus.com
Seth Klarman's Baupost Boosts Liberty, Reduces eBay
Baupost had a busy 2nd quarter, according to its 13-F filing Continue reading...
- Zacks
Hyatt (H) Relies on Unit Expansion to Counter Competition
Hyatt's (H) differentiated brand portfolio, strong expansion plans and acquisition strategies are likely to spur growth in a competitive environment.
- Thomson Reuters StreetEvents
Edited Transcript of VSAT earnings conference call or presentation 8-Aug-19 9:00pm GMT
Q1 2020 ViaSat Inc Earnings Call
- Skift
Sabre’s Deal With Spirit Underscores Its Airline Tech Rebound
Budget airline Spirit Airlines last week bought more airline technology from Sabre, signaling that the tech vendor's sales team is abandoning its defensive mode. Texas-based Sabre is now seeking an increased wallet share of existing customers. The trend is a turnabout. For years, carriers complained about Sabre's tech. The tools aim to help airlines with […]The post Sabre's Deal With Spirit Underscores Its Airline Tech Rebound appeared first on Skift.
- American City Business Journals
After long delay, Sabre tells the DOJ it’s closing an acquisition – and ready for court if necessary
'We believe we have done all we can to address the DOJ's concerns,' Sabre Corp. CEO Sean Menke said in a statement.
- Skift
Sabre Dares U.S. Justice Department to Sue It Over Farelogix Deal
Sabre is frustrated that the U.S. Department of Justice has held up its acquisition of Farelogix. Nine months ago it had proposed buying the airline distribution technology specialist. So on Wednesday the travel technology giant said it would go ahead with the $360 million acquisition on August 21. "Over the past nine months, we believe […]The post Sabre Dares U.S. Justice Department to Sue It Over Farelogix Deal appeared first on Skift.
- Zacks
Sabre Rides on Partnerships, Renews Croatia Airlines Deal
Sabre's (SABR) renewal of partnership with Croatia Airlines reflects its continued efforts to enhance the highly profitable Airlines Solutions segment.
- Zacks
Telecom Stock Roundup: Verizon Sells Tumblr, CenturyLink's Q2 Earnings & More
Verizon (VZ) is divesting the social media blogging site Tumblr for an undisclosed amount, while CenturyLink (CTL) beats on second-quarter 2019 earnings despite lower revenues year over year.
- Zacks
Is Jazz Pharmaceuticals (JAZZ) a Profitable Value Stock?
Jazz Pharmaceuticals (JAZZ) stock may be a good choice for value-oriented investors right now from multiple angles.
- Zacks
DL vs. YELP: Which Stock Is the Better Value Option?
DL vs. YELP: Which Stock Is the Better Value Option?
- GuruFocus.com
An Update on Yelp
Some thoughts on the business in the midst of evolution Continue reading...
- American City Business Journals
Jazz buys Virginia biotech firm in deal valued at up to $312.5M
The company Jazz bought is developing a new treatment for a a nervous system disorder that causes rhythmic shaking.
- Zacks
Jazz (JAZZ) Acquires Cavion, Adds Movement Disorder Candidate
Jazz (JAZZ) acquires privately-held Cavion for a total consideration of $312.5 million including an upfront payment of $52.5 million and $260 million in potential clinical, regulatory and commercial milestones.
- Zacks
Oil & Gas Stock Roundup: Eni, TC Energy, Pioneer Natural Q2 Earnings
Eni (E) reported comprehensive earnings miss, TC Energy's (TRP) bottom line matched the Zacks Consensus Estimate, while Pioneer Natural Resources (PXD) outperformed our profit projection.
- Zacks
Here's Why You Should Steer Clear of Extended Stay America
Extended Stay America's (STAY) lack of exposure in international markets might limit its revenue growth potential.
- Benzinga
The Daily Biotech Pulse: Jazz Goes Shopping, Portola Offering, Novelion Delays Quarterly Results
Here's a roundup of top developments in the biotech space over the last 24 hours. Scaling The Peaks (Biotech stocks hitting 52-week highs on Aug. 12) GENMAB A/S/S ADR (NASDAQ: GMAB ) (IPOed July 1) Down ...
