HOT STOCKS TO WATCH: Circuit City, 3Com, ImClone
Last Update: 9/23/2008 7:41:08 AM
By Dow Jones
Among the companies whose shares are expected to see active trade in Tuesday’s
session are Circuit City Stores Inc. (CC), 3Com Corp. (COMS) and ImClone Systems
Inc. (IMCL).
3Com jumped 11% in late trading as the networking-equipment maker swung to a
fiscal [...]
HBK Investments LP, Circuit City Stores Inc.’s (CC) largest shareholder, on
Monday urged the consumer-electronics retailer to allow due diligence by
Blockbuster Inc. (BBI) in connection with the video chain’s acquisition proposal.
The Dallas hedge fund also urged Circuit City’s board to create a competitive
bidding process in order to maximize shareholder value, saying the firm itself
might be prepared [...]
J.P. Morgan downgrades Blockbuster
Growing doubts over prospective Circuit City deal as ‘game changer’
By David B. Wilkerson, MarketWatch
Last Update: 5:15 PM ET Apr 15, 2008
CHICAGO (MarketWatch) — J.P. Morgan’s Barton Crockett added his voice Tuesday to
the chorus of analysts expressing concern about Blockbuster Inc.’s offer to buy
electronics retailer Circuit City Stores Inc.
Crockett downgraded Blockbuster (BBI) to [...]
Blockbuster might find ‘convergence’ doesn’t pay
Commentary: Video rental chain’s merger with Circuit City would still fall short
By Therese Poletti, MarketWatch
Last Update: 12:02 AM ET Apr 15, 2008
SAN FRANCISCO (MarketWatch) - Blockbuster Inc.’s unsolicited offer to buy
struggling Circuit City Stores Inc. was panned from Wall Street to Hollywood as
financially risky and poorly timed, but the proposed [...]
Among the companies whose shares are expected to see active trade in Monday’s
session are Wachovia Corp., Deutsche Bank AG, Circuit City Stores Inc. and
Philips Electronics NV.
Wachovia Corp. (WB) announced it will raise $7 billion in capital through stock
sales and cut its dividend by 41%, a consequence of its ill-timed move into
becoming a major mortgage player, [...]
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