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(AFX UK Focus)
2009-09-28 18:09
STOCKS NEWS US-Rick's Cabaret shares up, to buy nightclub |
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Stocks on the move Real-time Equity news U.S. stock market report 1251 ET 28Sept2009-Rick's Cabaret shares up, to buy nightclub ------------------------------------------------------------------------------ Rick's Cabaret International Inc said it agreed to buy Cabaret North, an upscale gentlemen's club in Texas, for $2.3 million to boost its presence in the Dallas-Ft. Worth market. The acquisition, which is expected to close on Wednesday, will add revenue of $2.5 million to $3 million annually and earnings before income tax, depreciation and amortization in the range of $800,000 to $1 million, the company said. For details, see Shares of Rick's rose 4.1 percent to $8.30. Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 1125 ET 28Sept2009-M&A deals lift markets, Nasdaq up 2 pct ------------------------------------------------------------------------------ U.S. stocks rose further on Monday, with the Nasdaq up 2 percent as merger and acquisition activity helped lift investor sentiment in the waning days of the third quarter. The Dow Jones industrial average rose 1.3 percent to 9,789.74 while the S&P 500 gained 1.6 percent to 1,060.90 and the Nasdaq was up 2 percent to 2,132.35. Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 1119 ET 28Sept2009-CF buys 7 pct of Terra in open market ------------------------------------------------------------------------------ CF Industries Holdings Inc said on Monday it has acquired a 7 percent stake in Terra Industries Inc in its latest move to buy the company. CF, which has launched an unsolicited effort to take over Terra, said it purchased 6.99 million shares in the open market over the past two weeks for $247 million. For details, see Shares of CF rose 1.2 percent to $85.31 while Terra gained 3.1 percent to $36.28. Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 1108 ET 28Sept2009-Virgin Media to launch LSE secondary listing ------------------------------------------------------------------------------ Virgin Media said on Monday it would launch a secondary listing on the main market of the London Stock Exchange through the admission of shares of common stock. The dealings on the LSE are likely to become effective from 0700 GMT on Oct. 1, this year, following approval from the British Financial Services Authority and the London Stock Exchange, Virgin Media said. For details, see Shares of Virgin gained 5.2 percent to $13.04. Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 1005 28Sep2009 STOCKS NEWS US-Small-cap blend outperforming style indexes YTD ----------------------------------------------------------------------------
The following is snapshot of price performance based on investment style
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Reuters Messaging: ellis.mnyandu.reuters.com@reuters.net 0958 ET 28Sept2009-Dow Chemical:FTC clears way for Morton Salt deal ------------------------------------------------------------------------------ Dow Chemical Co said on Monday the U.S. Federal Trade Commission (FTC) has cleared the way for its $1.68 billion sale of Morton Salt to Germany's K+S AG to go ahead. The companies expect the transaction to close within the next few days, following FTC acceptance of a consent decree agreed to by K+S, which will become the largest salt producer in the world as a result of the deal. For details, see Shares of Dow Chemical rose 1.8 percent to $25.59. Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS
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