Asset Sales

Pandora Media Inc (NYSE: P) announced in early May that management is exploring strategic alternatives, including a sale of itself. The company followed through on its pledge but take action and improve its business — although the outcome wasn't as many had hoped for. Pandora's announcement...

Shares of Pandora Media Inc (NYSE: P) gained more than 5 percent Friday morning after the company announced two new transactions as part of an ongoing strategic review. Strategic Investment Pandora secured an agreement with Sirius XM Holdings Inc. (NASDAQ: SIRI) in which the satellite radio...

Shares of Nordstrom, Inc. (NYSE: JWN) were trading higher by more than 11 percent late Thursday morning in reaction to the company's announcement that some members of the Nordstrom family are looking to take the company private. Aside from owning 100 percent of their name-sake company, the...

Following a Thursday report that Sirius XM Holdings Inc. (NASDAQ: SIRI) presented Pandora Media Inc (NYSE: P) an investment offer, Pandora announced it would extend its pre-closing period on KKR & Co. L.P. (NYSE: KKR)’s $150 million investment to explore an alternative “substantial...

Nordstrom, Inc (NYSE: JWN) shares were up 23 percent in Thursday’s pre-market session after announcing members of the Nordstrom family have formed a group to explore pursuing a go-private deal involving the group buying 100 percent of outstanding shares. The spike put Nordstrom shares at...

Shares of Valeant Pharmaceuticals Intl Inc (NYSE: VRX) gained more than 3.5 percent early Thursday morning after the company announced the sale of one of its business units. Valeant has agreed to sell its iNova Pharmaceuticals business for $930 million to a group advised and managed by major...

Borrowing a catchphrase from President Donald Trump, Faisel Khan of Citi upgraded shares of Sunoco LP (NYSE: SUN) from Sell to Neutral with a price target boosted from $22 to $29 due to the "art of the deal." Faisel referenced a deal Sunoco struck with the convenience store chain Seven-11 in which...

The owners of JIMMY CHOO PLC (OTC: JYMHF), creators of the shoes made famous by the late Princess Diana and those stiletto-strutting sirens on “Sex and the City,” are searching for a suitor. Shares of the stock were up 10.43 percent on Monday at $2.43 and up more than 10 percent to 185....

Wells Fargo Securities downgraded shares of 8Point3 Energy Partners LP (NASDAQ: CAFD) and lowered its price target on Thursday, citing growth/strategic concerns given future sponsorship uncertainties. Concerns Abound Analysts Glen Pruitt, Neil Kalton and Sarah Akers noted that increasing concerns...

8Point3 Energy Partners LP (NASDAQ: CAFD), a joint venture formed by First Solar, Inc. (NASDAQ: FSLR) and SunPower Corporation (NASDAQ: SPWR), has significant “veiled risks” due to its high payout ratio, lack of debt controls and lack of growth, Axiom’s Gordon L. Johnson said in a...

Panera Bread Co (NASDAQ: PNRA) may be exploring strategic alternatives, including a possible sale, after receiving takeover interest. The probability of an acquisition does not seem high, given that the stock is trading at multiples that "make the business less attractive to most non-strategic...

Shares of Tesla Inc (NASDAQ: TSLA) gained more than 2 percent early Tuesday morning after a regulatory filing showed that China-based Tencent Holdings now holds a 5 percent stake in the electric vehicle and energy storage company. According to a 13G filing, Tencent purchased 8.167 million shares of...