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Fly News Breaks for April 19, 2017
WMT, W
Apr 19, 2017 | 10:00 EDT
Wedbush analyst Seth Basham says Wal-Mart (WMT) may have started a trend of major online pure play acquisitions with its acquisition of Jet.com last year, pointing to PetSmart's "pricey" acquisition of online retailer Chewy.com yesterday as an extension of that trend. Within this backdrop, traditional retailers, and investors, may be recognizing online pure plays are tough to beat and may be best viewed as targets, contends Basham, who calls Wayfair (W) "one of the most ripe acquisition targets" in the space. The analyst, who lays out a large number of potential suitors for Wayfair, has an Outperform rating on the shares.
News For W;WMT From the Last 2 Days
WMT
Mar 28, 2024 | 16:23 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
WMT
Mar 28, 2024 | 12:00 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
WMT
Mar 28, 2024 | 09:50 EDT
After Walmart (WMT) and Vizio (VZIO) pulled and refiled their notification under the Hart-Scott-Rodino Act Wednesday, Dealreporter told its readers that the move "may have investors wondering if this could become another Amazon (AMZN) and iRobot (IRBT) situation," contacts tell The Fly. While the M&A-focused publication said "there are traces of that same dynamic here," it added that "this pull-and-refile suggests this deal is on stronger footing than AMZN-IRBT," according to contacts. The news service sees "a genuine chance that this deal could get a prolonged look from regulators due to some of the similar dynamics at play compared to IRBT and AMZN," it reportedly said.
W
Mar 27, 2024 | 17:19 EDT
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSRH... To see the rest of the story go to thefly.com. See Story Here