Posts for Ticker ‘VARI’

Agilent-Varian, Partly Transformational Move (A, VARI)

money-stack-imageAgilent Technologies Inc. (NYSE: A) is making what seem an unusual acquisition.  It is acquiring Varian, Inc. (NASDAQ: VARI) after signing a definitive agreement for the acquisition.  Agilent will pay roughly a 35% premium of $52.00 per share in cash for Varian’s outstanding stock, which comes to a price tag of roughly $1.5 billion. Both Agilent’s and Varian’s Board of Directors have unanimously approved the acquisition.
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Posted on: July 27, 2009 – 8:32 am in Mergers and Buy Outs, ,

Top 10 Pre-Market Analyst Calls (A, BBBY, BBY, DTV, ECL, EP, IBM, NTAP, LRCX, MOT, CRM)

These are not all of the calls affecting stocks, but these are the top analyst calls that 247WallSt.com is looking at this Thursday morning:

  • Blockbuster (NYSE: BBI) raised to Overweight at JPMorgan.
  • Borg Warner (NYSE: BWA) cut to Neutral at JPMorgan.
  • Boyd Gaming (NYSE: BYD) cut to Underweight at KeyBanc.
  • CDC Corp. (NASDAAQ: CHINA) started as Buy at Cantor Fitzgerald.
  • Chimera (NYSE: CIM) started as Neutral at JPMorgan.
  • Lear (NYSE: LEA) cut to Neutral at JPMorgan.
  • RF Micro Devices (NASDAQ: RFMD) downgraded to Hold at Jefferies.
  • Sotheby’s (NYSE: BID) raised to Outperform at JMP Securities.
  • Western Digital (NYSE: WDC) and Seagate (NYSE: STX) were both cut to Hold from Buy at Citigroup.
  • Varian (NASDAQ: VARI) raised to Buy at UBS.

Jon C. Ogg
February 28, 2008

Posted on: February 28, 2008 – 8:08 am in Analyst Calls, , , , , , , , , ,

This Week’s Key Stock Buybacks & Repurchases (SYK, NILE, TDC, WW, CPWR, CE, EFX, VARI)

While earnings season is slowly winding down and while the economy is obviously cooling, we still have many large and small companies alike with solid balance sheets or that have extra cash to deploy on hand.  These are some of the key share buybacks we have seen this week.

Stryker (NYSE: SYK) announced a general $750 million for share buybacks for general corporate purposes and to offset dilution from options. This is one of the larger buyback plans announced, but it is small in comparison to its market cap of $27.93 billion.

Blue Nile (NASDAQ: NILE) approved a $100 million share buyback. With its poor guidance, buybacks may only partially help a growing problem. The current market cap sits at about $688.11 million.

Teradata (NYSE: TDC) announced a $250 million stock buyback plan. With positive 2008 guidance, future earnings per share should grow. The current market cap is $4.27 billion.

Watson Wyatt (NYSE: WW) announced a $100 million stock buyback plan.  The company noted that the buybacks will help offset dilution from employee benefit plans.  Its current market cap is $2.21 billion

Compuware (NASDAQ: CPWR) announced a $750 million buyback plan to reduce the balance of outstanding common shares to 200 million. They currently have 281.4 million shares outstanding. The current market cap is $2.27 billion.

Celanese (NYSE: CE) Board approved a $400 million share buyback. The CEO noted that the buyback demonstrates their commitment to delivering value to shareholders while retaining financial flexibility. The current market cap is $6.04 billion.

Equifax (NYSE: EFX) announced a $250 million share buyback approval. It is yet another in a series of buybacks valued at about $1.08 billion since 2004. The current market cap is $4.53 billion.

Varian (NYSE: VARI) Board approved a $100 million share repurchase program. The buybacks could boost an already healthy stock. The current market cap is $6.53 billion.

Rachel Lopez
February 15, 2008

Posted on: February 15, 2008 – 1:15 pm in Stock Buybacks, , , , , , , ,